According to Tuhua Education, Longping Hi-Tech is a state-owned enterprise, established in 1999 and headquartered in Changsha, Hunan. From 20 16, CITIC Group became the controlling shareholder of Longping Hi-Tech. CITIC Group is a state-owned enterprise, and enterprises controlled by state-owned enterprises also belong to state-owned enterprises. So Longping Hi-Tech belongs to state-owned enterprises.