Is Shenghe Resources a state-owned company or a joint venture

There are state-controlled joint ventures, which are state-owned joint ventures. Not purely state-owned enterprises, financial income in accordance with the share ratio distribution, management system than the state-run more free some (such as the entry and exit of personnel), but basically the implementation of the management of state-owned enterprises, generally speaking, the income is slightly higher than the general state-owned enterprises, but there is no shadow welfare less.