Is Jinan 53 Research Institute a state-owned enterprise?
State-owned enterprises State-owned enterprises refer to enterprises in which the state holds more than 50% of the shares, and private enterprises refer to private enterprises. Jinan 53 Research Institute is a state-owned enterprise, which is called Jinan China Ordnance Industry Group 53 Research Institute. Founded in 1960, Jinan 53 Research Institute is a state-owned enterprise with more than 50% state holding.