The strength and responsibility of the country’s heavy weapon —— Interpretation of the report card and road map of the reform and development of state-owned enterprises


On the morning of January 17th, the State-owned Assets Supervision and Administration Commission of the State Council released statistics at the State Council Office: in 2017, the profits of central enterprises reached 1,423.08 billion yuan, exceeding 1.4 trillion yuan for the first time, up 15.2% year-on-year, and the increment and growth rate of economic benefits were the best in five years.
Looking back on 2017, the transcripts of state-owned enterprise reform and development are bright; Looking forward to 2018, state-owned enterprises will continue to highlight the strength and responsibility of the country’s heavy weapons through deepening reforms.
1. Yan value: new kinetic energy drives state-owned enterprises to develop with high quality.
The "Huiyan" satellite traveled in space, the first domestic aircraft carrier was launched, two C919 large passenger planes were successfully tested, and the first trial mining of "combustible ice" in the sea area was successful. The Hong Kong-Zhuhai-Macao Bridge, the world’s longest sea-crossing bridge, was completed, and the "Fuxing" high-speed rail was put into operation & HELIP; … In 2017, these represent major breakthroughs in the forefront of science and technology in the world, and they are deeply engraved with the footprints of the central enterprises.
Awesome, our state-owned enterprises.
On January 8, 2017, the National Science and Technology Awards Conference was held in the Great Hall of the People in Beijing. 83 projects of 53 central enterprises won the National Science and Technology Progress Award, accounting for 35% of the total awards.
The "double innovation" achievements of central enterprises are equally remarkable. By the end of 2017, 970 platforms of various types of "double innovation" have been built, and 271 physical incubators and science and technology industrial parks have been built, and 11 enterprises have become national "double innovation" demonstration bases.
While the high-end breakthrough of state-owned enterprises has won applause around the world, the pace of upgrading and transformation of traditional industries is also accelerating. Using the Internet of Things, big data and artificial intelligence, the digitalization, networking and intelligence level of manufacturing industry have been improved, which has greatly improved the operating efficiency and added value of traditional industries such as steel, coal, petroleum and petrochemical, non-ferrous metals and shipbuilding.
"Scientific and technological innovation has accelerated the cultivation of emerging industries of central enterprises, accelerated the development of new kinetic energy, and driven central enterprises to improve quality and efficiency. The achievement of these achievements has laid a very solid foundation for the central enterprises to move towards high-quality development and achieve strength, Excellence and greatness. " On January 17th, Kuloko Shen, chief accountant of the State Council State-owned Assets Supervision and Administration Commission, said at the press conference of the State Council Office.
In 2017, among the 98 central enterprises, the efficiency of 49 enterprises increased by more than 10% and that of 26 enterprises increased by more than 20%. Traditional industries such as petroleum, petrochemical, steel and coal have turned over and laid the foundation for the overall benefit growth; The benefits of advanced manufacturing and modern service industries have grown steadily, contributing more than 40% to the overall benefits of central enterprises; Ten state-owned capital investment and operation pilot enterprises accelerated the cultivation of strategic emerging industries, improved the efficiency of state-owned capital allocation, and the annual benefits increased by 31% year-on-year.
2. Bones and muscles: Supply-side structural reform gives state-owned enterprises "slimming and fitness"
On November 28th, 2017, a China company with four best in the world made its official debut in Beijing, which attracted the attention of the global energy industry. The National Energy Group established by the reorganization of "Guodian+Shenhua" is the largest coal production company, the largest thermal power generation company, the largest renewable energy power generation company and the largest coal-to-liquid and coal chemical company in the world.
The establishment of the National Energy Group marks the key first step for China to make every effort to build a world-class comprehensive energy group with global competitiveness, and it is also a highlight of the reorganization and integration of central enterprises.
According to Kuloko Shen, in the past year, the number of central enterprises supervised by SASAC has been adjusted to 98, and the way and intensity of reorganization and integration have been greatly improved. Through horizontal alliance, industry consolidation and professional reorganization, the asset allocation efficiency of enterprises has been further improved, and resources have been concentrated in advantageous enterprises.
Supply-side structural reform is a major strategic decision made by the CPC Central Committee to cope with the new normal of economic development. Thanks to the deepening of supply-side structural reforms, in 2017, the highlights of structural optimization of central enterprises were outstanding.
The data shows that in 2017, the central enterprises resolved 5.95 million tons of excess steel production capacity and 27.03 million tons of excess coal production capacity, actively eliminated, stopped construction and delayed construction of 51 coal-fired power projects, and the coal asset management platform company integrated coal production capacity of 100 million tons. One enterprise, one policy "dealing with difficulties" has obvious effect of reducing losses and increasing profits. More than 1,200 households have completed the task of "dealing with difficulties", of which about 400 households have cleared the market.
Taking slimming, fitness, quality improvement and efficiency improvement as the starting point, we took the lead in solidly promoting the key tasks of "three to one, one reduction and one supplement", which effectively promoted the structural optimization, transformation and upgrading, quality improvement and efficiency improvement of central enterprises.
From the annual reports of central enterprises, the efficiency of input and output is improving; The turnover efficiency of capital and goods is improving; The capital structure is being optimized. In terms of the distribution of enterprises, the number of enterprise groups with annual profits of more than 10 billion yuan by central enterprises reached 41, an increase of 4 over the same period of last year. The business ability of large enterprises is improving, and the leading role of improving the operation quality of large enterprises is improving.
3. Connotation: Reform measures will be fully rolled out and developed in depth.
The report of the 19th National Congress of the Communist Party of China put forward: "Deepen the reform of state-owned enterprises, develop a mixed ownership economy and cultivate world-class enterprises with global competitiveness."
"The curtain of the new era of state-owned enterprises has been opened, and high-quality development is the main theme. Judging from last year’s situation, it is not difficult to achieve a high-speed growth in the profits of central enterprises this year. We must pay more attention to the efficiency improvement of state-owned capital and the decline in debt ratio, and accelerate the construction of a flexible and efficient market-oriented operating mechanism. " Li Jin, vice president of China Enterprise Reform and Development Research Association, said that 2018 is a big year of restructuring, and "mixed reform" will also develop in depth.
In 2017, the mixed ownership reform of state-owned enterprises initially formed a breakthrough trend: pilot mixed reform was carried out in the fields of electric power, oil, natural gas, civil aviation, telecommunications and military industry, and more than 40 investors of various types were introduced with capital exceeding 90 billion yuan.
In 2018, the "road map" for the reform of state-owned enterprises has been made clear, and efforts will be made to focus on eight key tasks such as supply-side structural reform and vigorously resolve excess capacity; We must focus on the implementation of reform measures and further promote breakthroughs in important areas and key links.
The State-owned Assets Supervision and Administration Commission (SASAC) recently proposed that the reform pilot will move from single to comprehensive. In 2018, the reform pilot "Double Hundred Actions" will be implemented, and 100 subsidiaries of central enterprises and 100 local state-owned key enterprises will be selected to further promote comprehensive reform; Create a group of leading soldiers in reform and establish a post-evaluation mechanism for the implementation effect of reform measures. At the same time, preventing and resolving major risks is the top priority for state-owned enterprises to win the three major battles.
In 2017, the State-owned Assets Supervision and Administration Commission (SASAC) and central enterprises launched the work of reducing leverage, reducing liabilities and controlling risks in an all-round way, with overall improvement in quality and efficiency. By taking various measures to reduce leverage and reduce liabilities, the average asset-liability ratio of central enterprises at the end of last year was 66.3%, down 0.4 percentage points year-on-year; The asset-liability ratio of 62 enterprises decreased compared with the previous year, and the asset-liability ratio of 40 enterprises decreased by more than 1 percentage point.
"Risk prevention and reform are complementary. If the intensity of reform is increased, it will help to prevent risks; At the same time, the achievements in preventing risks have also created conditions for further deepening reforms. " Kuloko Shen told reporters that in 2018, we will continue to intensify the reform of state-owned enterprises, especially in the operational mechanism, layout structure, supervision system of state-owned assets, and the cultivation of entrepreneurs.
(Guangming Daily, Beijing, January 17th, by reporter zhang yi)