The subject wants to ask, "Is Smack Advanced Materials Co., Ltd. a state-owned enterprise?" Yes According to relevant data, Semaco Advanced Materials Co., Ltd. was founded by China Sinosteel Co., Ltd., and after two rounds of mixed ownership reform, it became a privately-owned and state-owned joint stock limited company. The company has two production bases, located in Changxing County, Huzhou City, Zhejiang Province and Yongning County, Yinchuan City, Ningxia Hui Autonomous Region (under construction). It is a high-tech enterprise with the largest scale, the highest quality and the most complete specifications in China.