Is Sinopec a state-owned enterprise?

No, as a part of Xiamen's future industrial layout, SINO Beidou Navigation Branch was selected as "2022 Xiamen Future Industrial Key Enterprise" and is a private enterprise. China Petrochemical Company focuses on the intelligent cockpit of ships, with a number of independent intellectual property rights and a complete industrial chain, covering product design, software and hardware development, data production, production, sales and maintenance.