No, according to the information of official website State Administration for Industry and Commerce, this company is an organization engaged in production and business activities invested by individual capital, not a state-owned enterprise. Shandong Hongqiao New Materials Co., Ltd. is a super-large private enterprise integrating thermoelectric, aluminum, alumina, aluminum deep processing and bauxite. Founded on July 27th, 1994, the legal representative is Jaco. Its registered place is located in Huixian No.1 Road, zouping county Economic Development Zone.