Is Shandong Luquan Group a state-owned enterprise?

Private enterprises. Official website of Shandong Luquan Group shows that Shandong Luquan Group is a private enterprise. From the first small workshop in 1992 to 2023, 18 years has been called a comprehensive group company. Shandong Luquan Group Co., Ltd., located in Jinan City, Shandong Province, is a real estate-based enterprise. Shandong Province, the provincial administrative region of People's Republic of China (PRC), is called "Shandong" for short, with Jinan as the capital. Shandong Province is located in Shandong Peninsula, the eastern coastal area of China.