I think you're confused on your terms there. The key feature of the communist mode of production is that the profits of the firm go to the workers or the people. Communists aren't particularly concerned about the source of investment.

What we're seeing here is a situation in which favored firms are subsidized by the government in exchange for personal loyalty to the leader, but profits are still privatized. This is called the "fascist mode of production"

I don't think that's the key feature of Communism but it sure sounds nice. The way you know that's not the key feature or perhaps philosophical underpinning is because if that were true you could just start your own Communist firm, collective, "facility that generates profits" today under democracy and free markets.

I hear you on the potential for state nationalization of companies to turn into fascism, though. It's often hard to tell the difference between some of these authoritarian regimes (fascism, dictatorship, communism) because they tend to take similar actions from time to time albeit with different goals.