Is Huineng Group a state-owned enterprise or a private enterprise?
Huineng Group is a private enterprise. According to Tian Yan, the ownership of Huineng Group belongs to individuals or private groups, not the state. In terms of equity structure, Huineng Group is a joint venture established by natural person shareholders or private enterprise shareholders, rather than a wholly state-owned or state-owned capital holding enterprise. Hui Neng Group adopts a market-oriented operation mode, operates independently and is responsible for its own profits and losses, and does not rely on government financial allocation or state-owned capital investment. But through market competition and commercial operation to obtain income and profits. Therefore, it is a private enterprise. Huineng Group was established in 200 1 and its headquarters is located in Inner Mongolia Autonomous Region, China. The Group focuses on coal, electric power and chemical industry, and integrates real estate, road and bridge, logistics and other industries with total assets of tens of billions. Hui Neng Group has many branches and subsidiaries at home and abroad, and its business covers many countries and regions.