China News Service, October 20th. Economic efficiency has improved significantly, production and operation are stable and orderly, investment activities continue to accelerate, and operation quality continues to improve. Peng Huagang, secretary-general and spokesperson of the State-owned Assets Supervision and Administration Commission of the State Council, said on the 20th that the top three central enterprises The quarterly operation mainly has the above characteristics.
The State Council Information Office is scheduled to hold a press conference on the 20th. Peng Huagang, Secretary-General and Spokesperson of the State-owned Assets Supervision and Administration Commission of the State Council, will introduce the economic performance of central enterprises in the first three quarters of 2020 and answer questions from reporters.
Peng Huagang said that the economic benefits of central enterprises have improved significantly.
In the third quarter, the operating income of the current quarter turned from negative to positive, and net profit rose monthly, setting new highs repeatedly, maintaining double-digit growth for three consecutive months.
The economic benefit went from a deep decline in the first quarter to a stabilization in the second quarter and a rapid rebound in the third quarter. It should be said that one quarter is better than one quarter and one month is better than one month. This basically reversed the unfavorable situation in the first half of the year. Back to normal track.
The production and operation of central enterprises are stable and orderly.
The production and sales of key products related to the national economy, people's livelihood, and national security, such as coal, electricity, oil, and transportation, have stabilized, approaching or returning to normal levels.
In the first three quarters, the domestic crude oil output of central enterprises increased by 0.8% year-on-year, power generation and sales increased by 1.6% and 1.2% year-on-year, sales of commercial coal increased by 3.6% year-on-year, and automobile production and sales increased by 1.5% and 1.7% year-on-year, respectively.
Investment activities of central enterprises continued to accelerate.
In the first three quarters, central enterprises completed 1.8 trillion yuan in fixed asset investment (excluding real estate), an increase of 11.3% year-on-year, and the growth rate hit a new high this year.
The growth rate of fixed asset investment in the second and third quarters reached 14.8% and 17.6% respectively.
The operation quality of central enterprises continued to improve.
In the first three quarters, the profit margin of central enterprises' revenue remained above 7%, and reached 9.5% in September, the best level in a decade.
The net cash flow from operating activities exceeded 400 billion yuan, which has returned to normal levels.