Depending on how you define it, I don't think Huawei is technically "state-owned", but because "communism" technically all business are owned by the PRC?
According to the NY Times, Huawei is owned by a holding company, which is in turn 1% owned by the CEO and 99% by the company's employee union, which is an affiliate of the Shenzhen Government Employee union.
But the union has no control, other than after-work social activity.
It's about as complex and weird as a situation can get. Spies hide in complexity.
But it's not formally apart of the PRC.
Do I understand this correctly?