All Chinese companies are essentially properties of the Chinese Government, and hence properties of the CCP and PLA.
Because the Chinese government can tell the executives of these private companies what to do, who and where to deliver their data, etc. Because the government can confiscate the company and take it whenever they feel like it.
So all “private companies” in China are simply managed by their “private owners”, but the real boss who control them is the CCP.
You are right. Thanks for pointing that out.