CCP doesn't take any stakes in this company. I maybe not right...

CCP doesn't take any stakes in this company. I maybe not right in other opinions but u cannot beat me with this one. Weihai is Tier 3 cities in China. Why would CCP take stakes in this small little company?(Although it may be giant in its own city but not bigger in China)

There are 2 definitions between "state-owned company by CCP or Central enterprises) and state-owned company or i named it as province-owned company for straight understanding. A state-owned company by CCP belongs to China state-owned assets Supervision and administration Commission.

For instance, China National Nuclear Corporation (CNNC) is a state-owned company by CCP, This one belongs to CCP, WHA signed the company which belongs to Weihai's government. There are significant differences between these two concepts.