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Chaozhou Sanhuan is a state-owned enterprise
Not a state-owned enterprise.

According to the query (Tianyecha), Chaozhou Sanhuan (Group) Co., Ltd. is a high-tech enterprise, belonging to the private sector, not a state-owned enterprise. Chaozhou Sanhuan (Group) Co., Ltd (formerly known as: local state-owned Chaozhou City Radio Porcelain Parts Factory), founded in 1992, a member of the Chaozhou City Sanjiang, is located in Chaozhou City, Guangdong Province, is an enterprise engaged in the manufacturing of computers, communications and other electronic equipment. The enterprise registered capital of 1916,497,371,000 RMB, more than 99% of the Guangdong Province counterparts, paid-in capital of 1916,497,371,000 RMB, has been completed in 2022 directional issue.