Suixi Branch of Huaibei Wanli Power Engineering Co., Ltd. is not state-owned. According to the Company Law of People's Republic of China (PRC), state-owned enterprises refer to enterprises funded or owned by the state. Huaibei Wanli Electric Power Engineering Co., Ltd. is a limited liability company, and its shareholding structure is not completely owned by the state, so it is not a state-owned enterprise, but a private enterprise, mainly engaged in civil engineering and construction.