China News Service, January 24 (China News reporter Zuo Yuqing) “In 2023, central enterprises will achieve operating income of 39.8 trillion yuan, total profits of 2.6 trillion yuan, and net profits attributable to the parent company of 1.1 trillion yuan, achieving high-quality Steady growth; cumulative fixed asset investment (including real estate) was 5.09 trillion yuan, a year-on-year increase of 11.4%, of which strategic emerging industries completed an investment of 2.18 trillion yuan, a year-on-year increase of 32.1%; R&D investment was 1.1 trillion yuan, a year-on-year increase of 11.4%. It exceeds one trillion per year.”
On January 24, at a press conference held by the State Council Information Office, the State-owned Assets Supervision and Administration Commission of the State Council disclosed the "report card" on the operation of central enterprises in 2023.
The “transcript” contains sufficient gold content
Overall operations are stable and benefits grow steadily
Yuan Ye, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, said that central enterprises have achieved the goal of steady profit growth in 2023.
"Central SOEs focused on the overall situation, took active actions, strengthened their confidence, overcame difficulties, and delivered a solid and valuable report card."
Data map: On June 28, 2023, the world's first 16-megawatt offshore wind turbine successfully completed the hoisting task at the Three Gorges Group's Fujian offshore wind farm.
Photo by Lu Ming
On the one hand, steady growth has been achieved in terms of “quantity”.
Last year, despite insufficient domestic and foreign demand and falling commodity prices, central enterprises maintained overall operational stability and achieved steady growth in efficiency.
As of the end of last year, the total assets of central enterprises reached 86.6 trillion yuan, a year-on-year increase of 6.4%.
On the other hand, there has been a significant improvement in "quality".
Last year, the average return on net assets of central enterprises reached 6.6%, and shareholder returns remained at a good level; the labor productivity of all employees reached 784,000 yuan/person; the operating cash ratio was 10.1%, and it maintained a steady upward trend month by month throughout the year; as of last year At the end of the year, the overall asset-liability ratio of central enterprises was 64.8%, with effective control at around 65%, achieving overall stability.
Last year, we also stepped up the management of loss-making enterprises and strengthened the disposal of "two funds". This aspect has also achieved positive results and played a very good role in improving the quality and efficiency of enterprises. The asset quality of central enterprises has been further improved.
Yuan Ye said that from an indicator perspective, the potential for corporate development has been significantly enhanced.
"For example, the driving role of innovation has accelerated. Last year, central enterprises' R&D investment increased significantly, with R&D investment exceeding one trillion yuan for two consecutive years. The driving role of investment continues to increase, focusing on high-quality and stable growth, serving major national strategies and To build a modern industrial system, the total investment completed by central enterprises last year exceeded 6 trillion yuan, and the total investment in fixed assets exceeded 5 trillion yuan, of which investment in main industries accounted for more than 95%, investment in strategic emerging industries increased by more than 30%, and investment in new industries increased by more than 30%. Momentum accelerates shaping.”
Strategic emerging industries and future industries
Become the main front for developing new productive forces
Developing new productive forces is a very important task for state-owned central enterprises this year.
At present, a new round of scientific and technological revolution and industrial transformation are reshaping the global economic structure and industrial landscape. New industries, new business formats and new models are constantly being spawned. In particular, strategic emerging industries and future industries are new tracks for competition among enterprises from all over the world, and are also new areas for development. The main position of qualitative productivity.
Zhuang Shuxin, Secretary-General and Spokesperson of the State-owned Assets Supervision and Administration Commission of the State Council, said that since last year, the State-owned Assets Supervision and Administration Commission of the State Council and central enterprises have regarded the development of strategic emerging industries and future industries as a leading and overall task, and have clarified the new direction of development. , effectively stimulated new momentum for the company and achieved new breakthroughs in layout.
According to reports, central enterprises completed an investment of 2.18 trillion yuan in strategic emerging industries last year, a year-on-year increase of 32.1%. They launched a number of key projects in photovoltaic hydrogen production, carbon fiber manufacturing, automotive chips and other fields, and launched a number of key projects in laser manufacturing, quantum communications, A number of new enterprises have been established in fields such as satellite Internet, and a number of reorganizations and integrations have been promoted in fields such as electronic technology, new energy, ecological environmental protection, and intelligent connected vehicles. New industries and new business formats are becoming important growth points for enterprises.
Data map: Photovoltaic power generation projects are being built in the hinterland of the Tarim Desert.
Provided by Tarim Oilfield
Zhuang Shuxin said that in the next step, we will improve the promotion mechanism, optimize support policies, gather the power of the entire system, persevere, and go all out to develop strategic emerging industries and future industries.
Taking the "two actions" of industrial rejuvenation of central enterprises and the launch of future industries as the starting point, we will accelerate the key progress in the revenue and added value proportion of strategic emerging industries, and achieve strategic transformation in the layout and structure of central enterprises.
"To be specific, it is: planning and promoting a number of major projects, selecting and fighting for new industries' 'Hundred Projects', building a number of strategic emerging industry clusters, implementing special actions such as artificial intelligence AI+, and stepping up efforts in biology, new materials, and new energy vehicles. Form landmark results in key areas such as brain; accelerate technological breakthroughs to support industrial development, accelerate the cultivation of start-up companies, leading companies, and unicorn companies; form landmark products in the fields of brain-like intelligence, quantum information, deep earth and deep sea, laser manufacturing, etc. ; Systematically build a new industrial ecology, innovate the cooperation model between central enterprises, local governments and large and medium-sized enterprises of various types of ownership, strengthen cross-enterprise and cross-field collaboration, jointly build an efficient, coordinated and healthy industrial ecology, accelerate the implementation of strategic new industry funds, and effectively Promote industrial innovation with scientific and technological innovation, and better leverage the leading role of state-owned central enterprises in accelerating the formation of new productive forces and enhancing new momentum for development."
Improve the quality of listed companies controlled by central enterprises
Enhance investor returns
How to effectively promote the quality and efficiency of listed companies controlled by central enterprises?
Xie Xiaobing, head of the Property Rights Management Bureau of the State-owned Assets Supervision and Administration Commission of the State Council, pointed out that listed companies account for a large proportion of central enterprises and are an important part of central enterprises.
"Our high-quality assets are basically in listed companies. The high-quality development of listed companies is closely related to the high-quality development of the entire central enterprise."
Generally speaking, listed companies controlled by state-owned enterprises continue to focus on their main businesses, their overall scale continues to increase, their operating performance is stable and improving, their industrial layout is more optimized, and their operating quality is steadily improved.
The third quarter report of 2023 shows that the total assets and net assets of domestic listed companies controlled by 383 central enterprises reached 53 trillion yuan and 17 trillion yuan respectively, and their operating income and net profit attributable to the parent reached 18.63 trillion yuan and 10,600 yuan respectively. billion, and the overall return on net assets reached 7.53%.
"Now, 154 of the 383 listed companies are in strategic emerging industries, accounting for more than 40%. By the end of 2023, the market value of domestically controlled listed companies controlled by central enterprises will reach 13.5 trillion yuan." Xie Xiaobing said.
Data map.
Photo by China News Service reporter Liu Zhongjun
Xie Xiaobing said that improving the quality of listed companies is a long-term task that requires continuous efforts.
In the next step, we will continue to build a listing pattern with clear positioning and tiered development, continue to work hard to improve the standardized operation level of listed companies, and further study the inclusion of market value management in the performance evaluation of central enterprise leaders.
“In the early stage, we have promoted central enterprises to incorporate indicators related to value realization of listed companies into the performance evaluation system of listed companies. On this basis, we will incorporate the effectiveness of market value management into the assessment of the heads of central enterprises, and guide the heads of central enterprises to be more We should pay attention to the market performance of the listed companies we control, promptly convey confidence and stabilize expectations through the application of market-oriented holding increases, buybacks and other means, increase cash dividends, and better reward investors."
According to reports, in 2023, 12 state-owned listed companies carried out repurchases, and 32 received increased holdings from major shareholders.
In 2022, the cash dividend ratio will reach 44.6%; by mid-2023, 20 central enterprises have launched an interim performance dividend of nearly 80 billion yuan.
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