The Net Profit Of Central Enterprises In The First Half Of The Year Broke Through Trillion Yuan For The First Time, Speeding Up Specialized Restructuring

"This time, we absolutely achieved more than half of the time and task, and the net profit exceeded trillion yuan for the first time, with an average growth rate of 20.6% in two years. It should be said that the net profits of most industries have increased significantly." Peng Huagang, Secretary General of the state owned assets supervision and Administration Commission of the State Council and spokesman of the State Council, said at a press conference of the State Council's office of state owned assets supervision and administration on July 16, that in the first half of this year, central enterprises achieved a cumulative net profit of 1023.21 billion yuan, breaking the threshold of half a trillion yuan for the first time, with a year-on-year increase of 133.3%, an increase of 45.4% over the same period in 2019, and an average increase of 20.6% in two years. In June, the central enterprises realized a net profit of 244.62 billion yuan, an increase of 54.3% over June 2019, and the cumulative net profit and monthly net profit reached a record high.

Performance indicators are more than the same period in 2019

Li Jin, chief researcher of China Enterprise Research Institute, noted that the indicators of central enterprises provided by SASAC are compared with those in 2019. After all, the situation affected by the epidemic situation in 2020 is special, and this year's data will be more objective compared with that in 2019. It is gratifying that, compared with 2019, a number of indicators of state-owned enterprises have exceeded the same period in 2019, and reached the best level in the same period in history.

According to the data provided by the state owned assets supervision and Administration Commission, in the first half of this year, the operating revenue of central enterprises reached 17.1 trillion yuan, a year-on-year increase of 28.2%, and an average growth of 8.7% in two years. More than 90% of enterprises maintained double-digit growth, with a total profit of 1.31 trillion yuan, a year-on-year increase of 116.7% and an average growth of 17.9% in two years.

In the first half of the year, the profit margin of operating revenue of central enterprises was 7.6%, up 3.1 percentage points year-on-year and 1.1 percentage points higher than that of the same period in 2019. The annual total labor productivity was 685000 yuan per person, with a year-on-year increase of 30.5%. In the first half of the year, the operating cash flow of central enterprises exceeded 1 trillion, the best level in the same period in history, with a year-on-year increase of 139.6%. At the same time, the financial expenses decreased by 6.4% year-on-year. At the end of June, the overall asset liability ratio of central enterprises was 64.9%, down 1% year on year.

Li Jin also paid special attention to the strong growth of R & D funds of state-owned enterprises, which was a bright spot in the first half of the year. According to Peng Huagang, in the first half of this year, central enterprises invested 321 billion yuan in R & D, an increase of 37.4% over the same period last year, and the intensity of R & D investment increased by 0.12 percentage points. Among them, the R & D investment intensity of central industrial enterprises increased by 0.14 percentage points year-on-year. In the first half of the year, the investment in fixed assets of central enterprises increased steadily, with an accumulated investment of 1.1 trillion yuan, a year-on-year increase of 10.5%, and an average growth rate of 8.7% in two years“ The growth of investment in scientific research and investment has made our development more powerful. " Peng Hua Gang Road.

Song Wenge, an expert in the reform of state-owned enterprises, believes that the operating performance of central enterprises in the first half of this year is really "bright", especially the accounting net profit in the first half of this year has exceeded 1 trillion yuan for the first time. He believes that in the new journey of building a socialist modern country in an all-round way, the central enterprises should set an example for the high-quality development of China's economy, and play a role as a model in optimizing the layout of the value chain of the supply chain industry chain, breaking through the research and development of key core technologies, and promoting the realization of the goal of carbon peak carbon neutralization.

Song Wenge believes that the second bright spot is executive power. SASAC said that it would resolutely complete the three-year reform of state-owned enterprises. In particular, major breakthroughs have been made in the reform of the three mechanisms, the tenure system of management and contractual management, and the selection, appointment and removal of enterprise leaders in line with the "two laws". More than 70% of the work should be completed in 2021. Song Wenge also pointed out that there must be a large amount of investment income from capital operation in the profits of central enterprises. Whether it is financial investment income or fair value change profit and loss, it is enough to show that capital management is the main way to strengthen supervision, and great achievements have been made.

Strengthening low carbon, zero carbon and negative carbon technology

According to the deployment of the "14th five year plan" and the key tasks in the second half of this year, the central enterprises should lay out the future industries, open up new tracks, and promote the optimal allocation of resources by speeding up the reorganization and integration, clearing and withdrawing from the "two non" and "two capital". In addition, we will vigorously promote emission reduction and carbon reduction in key industries, and strictly control investment in projects with high energy consumption, high emission and excess capacity.

In the first half of this year, the reorganization and integration of central enterprises have been carried out frequently. Sinochem Group and SINOCHEM have carried out joint reorganization, China Putian has been integrated into CETC as a whole, and China Shipbuilding Group has started substantive Integration... The trend of specialized restructuring is more and more obvious.

Peng Huagang disclosed that in the first half of this year, China satellite group was established, becoming the first central enterprise with headquarters registered in xiong'an new area; Sinochem was established, and the integration of agricultural seed industry of Sinochem and SINOCHEM has been completed. After the reorganization, the business sector needs to be further integrated, and the resource collaboration in other fields such as chemical industry is also advancing orderly. In addition, the integration of national pipeline network resources is also in-depth promotion, and the delivery of Kunlun energy pipeline is also realized, which marks the complete completion of asset integration of main oil and gas pipeline network and the formation of a national network.

"SASAC of the State Council will focus on strategic security, industrial leadership, national economy and people's livelihood, public services and other fields, and support central enterprises to take various ways, such as reorganization and integration, in accordance with the market-oriented principle, to accelerate the layout optimization and structural adjustment of state-owned capital." Peng Huagang said that in the next step, SASAC will focus on several aspects of restructuring. First, in terms of strategic restructuring, we should focus on the implementation of national strategies such as supply side structural reform, innovation driven development, and building a manufacturing power. According to the needs of industrial development, we should steadily promote the restructuring and integration of central enterprises in steel, power transmission and distribution equipment manufacturing and other industries according to the needs of industrial development and the principle of "one household, one household", And actively cultivate and establish new central enterprise groups in relevant fields. Peng Huagang disclosed that the restructuring in the past few years was basically the reorganization of two or three companies. In recent years, due to the professional restructuring, new central enterprises often emerge.

In addition, in terms of professional integration, the central enterprises will take the business strengthening and refinement as the goal, take advantage of enterprises as the main body, vigorously promote the integration of specialization through free transfer, paid acquisition, joint-stock cooperation and other ways, and effectively enhance the core competitiveness of enterprises by optimizing the allocation of resources, so as to build a world-class enterprise with global competitiveness.

Peng Huagang also revealed that SASAC, in promoting integration and integration, urged newly established, newly incorporated and newly reorganized central enterprises to take further effective measures, increase the integration of internal resources, dig deep into collaborative benefits, improve the efficiency of resource allocation, and realize the expected goal of reform as soon as possible.

Peng Huagang disclosed that SASAC attaches great importance to achieving the goals of carbon peak and carbon neutralization, and is actively studying and formulating relevant opinions and plans to promote central enterprises to play a better role in achieving the goals. At the same time, SASAC is organizing central enterprises to strengthen the scientific and technological research of low-carbon, zero carbon and negative carbon, and lead and drive the breakthrough of green and low-carbon technology. It is reported that central enterprises are stepping up efforts to tackle key problems of green and low-carbon technology and equipment such as wind power, nuclear power, hydrogen energy and new energy vehicles, and promote the development and application of smart grid, energy storage, hydrogen energy, carbon capture and other technologies. Peng Huagang disclosed that more than one third of the central enterprises have been formulating the whole industrial chain layout including hydrogen production, hydrogen storage, hydrogenation and hydrogen utilization, and have achieved a number of technological research and development and demonstration application results.

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