Although Donglaishun Group is listed on the Shenzhen Stock Exchange, its controlling shareholder is the Beijing State-owned Assets Supervision and Administration Commission, so it is considered a state-owned enterprise.

Donglaishun Group is a catering company focusing on barbecue. It was established in 1992 and is headquartered in Beijing. In 2015, Donglaishun changed its operating entity to Donglaishun Group Co., Ltd. through equity transfer and was listed on the Shenzhen Stock Exchange. However, the actual controller of Donglaishun Group is the Beijing Municipal State-owned Assets Supervision and Administration Commission, which holds 51% of the company's shares. There are also four state-owned enterprises that hold Donglaishun shares. Therefore, Donglaishun is considered a state-owned enterprise. It can be proven that Donglaishun is a state-owned enterprise from the following aspects: 1. Market performance: Although Donglaishun has been listed, its market value has always been relatively stable due to its relationship with the State-owned Assets Supervision and Administration Commission. 2. Relevant policies: The "State-owned Assets Law of the People's Republic of China" stipulates that state-owned assets are subject to special protection and may not be misappropriated, infringed or illegally disposed of. According to this legal provision, Donglaishun, as an enterprise controlled by the State-owned Assets Supervision and Administration Commission, should receive special protection from the state. 3. Official announcement: In the 2015 Donglaishun merger and acquisition case, the Beijing State-owned Assets Supervision and Administration Commission disclosed its holding status of Donglaishun and included Donglaishun within the scope of state-owned assets supervision.

What is the difference between state-owned enterprises and private enterprises? State-owned enterprises refer to enterprises invested or controlled by the national and local governments, and their ownership belongs to the entire people. Private enterprises are enterprises invested and established by private individuals, collectives or legal persons, and the ownership belongs to the investors. State-owned enterprises have certain particularities in terms of property rights, financing, personnel management, etc., and are subject to direct or indirect control and regulation by the government.

Although Donglaishun has been listed, its actual controller is the Beijing Municipal State-owned Assets Supervision and Administration Commission, so it is considered a state-owned enterprise. In actual operations, the differences between state-owned enterprises and private enterprises are reflected in different ownership and management mechanisms.

Legal basis:

Article 64 of the "Company Law of the People's Republic of China" The State-owned Assets Management Department of the State Council shall, in accordance with laws and administrative regulations, treat wholly state-owned companies and state-owned holding companies. In accordance with the provisions of laws and regulations and articles of association, exercise the rights of investors and supervise and manage the company's operation and management, economic benefits, production safety, etc.