The north is not a state-owned enterprise. State-owned enterprises are state-owned enterprises, state-owned enterprises and enterprises owned by the whole people, not private enterprises, private enterprises or foreign enterprises. Shenzhen Times Guanghua Technology Co., Ltd. is a legal entity officially registered in Shenzhen Administration for Industry and Commerce, and was established in March 2005. Therefore, Beijing Times Guanghua Technology Co., Ltd. is not a state-owned enterprise.