Zhongqingbao, the electronic publishing house of China Youth Daily, although its largest shareholder is China Youth Daily, is not strictly a state-owned enterprise.

According to the Company Law, only state-owned companies or state-controlled companies can be called state-owned enterprises.

Although Zhongqingbao is 58.13% owned by major shareholders with state-owned backgrounds, it is classified as a private enterprise due to its nature as a private enterprise.

Zhongqingbao, with a registered capital of 50 million yuan, achieved revenue of 531 million yuan and a net profit of 44.09 million yuan in 2019, demonstrating its strength in digital publishing, content operations and social networks.

The company's future development strategy focuses on the deepening of digital content, technology research and development and international expansion, aiming to achieve sustainable development.

As a subsidiary of China Youth Daily, Zhongqingbao has rich media resources and brand advantages, and its social network and game businesses have certain influence in the market.

However, it also faces challenges from improving revenue stability and intensifying competition.

Zhongqingbao actively fulfills its social responsibilities and supports education, medical and other fields by setting up public welfare funds.

In summary, although it is not a state-owned enterprise in the traditional sense, Zhongqingbao still has broad market prospects by virtue of its characteristics as an Internet enterprise, as well as its continuously strengthening industrial matrix and innovative spirit.

It will continue to be committed to providing high-quality digital content and services and becoming a respected and outstanding enterprise in the industry.