The company is a state-owned enterprise.
Hisense was founded in 1969 and once ranked first in TV sales in my country. Although the company is a private enterprise, Hisense Group Co., Ltd. is indeed a state-owned enterprise managed by Qingdao Municipal Government.
Hisense’s 100% controlling shareholder is Qingdao Huatong State-owned Capital Investment and Operation Group Co., Ltd., which is 100% controlled by the Qingdao State-owned Assets Supervision and Administration Commission.