No, according to official website information of the State Administration for Industry and Commerce, Ronghua Construction Group Co., Ltd. is an organization established by individual capital in accordance with the law to engage in production and business activities, and is not a state-owned enterprise. Ronghua Construction Group Co., Ltd. is a private enterprise, established in 1995, located in Qingdao, Shandong Province, mainly engaged in overseas and domestic international project contracting, real estate development and operation, property management and construction projects with its own funds.