Xinhua News Agency Nanning December 9 (reporter Chen Luyuan) Guangxi has completed 131 of 191 soE reform tasks as of November 30, according to a press conference on Monday on the three-year soE reform in guangxi. From January to November this year, state-owned enterprises under the Guangxi SasAC system achieved a revenue of 801.5 billion yuan and a total profit of 26.8 billion yuan, up 12.9 percent and 44 percent respectively year-on-year.

According to Li Jieyun, director of the State-owned Assets Supervision and Administration Commission (SASAC) of Guangxi Zhuang Autonomous Region, the three-year implementation of state-owned enterprise reform has effectively enhanced the comprehensive strength of state-owned enterprises (soes) in Guangxi. By the end of October, the total assets of state-owned enterprises under the Guangxi SasAC system reached 4.49 trillion yuan. From January to November this year, the total profits of Guangxi Liuzhou Iron and Steel Group, Guangxi Investment Group, Guangxi Communications Investment Group and Guangxi Beibu Gulf Investment Group respectively increased by 4.78 billion yuan, 1.265 billion yuan, 1.248 billion yuan and 417 million yuan compared with the same period last year, and the economic benefits of enterprises hit a record high for the same period.

Since the beginning of this year, the structure of guangxi's state-owned capital has been further optimized, and the overall allocation efficiency has been improved. This year, the total investment of guangxi's direct-owned enterprises is planned to reach 269.842 billion yuan, and the proportion of investment in the main business reaches 97.88%. Meanwhile, enterprise reorganization and integration were carried out in an orderly manner.

According to introduction, Guangxi has increased its support for scientific and technological innovation of state-owned enterprises, and the Autonomous Region's State-owned Assets supervision and Administration Commission has listed the total salary of the team undertaking the core technology research project into other salary management, and regarded the full amount of r&d expenses as performance profit, and the double investment in core technology research and development of enterprises as performance profit. From January to October this year, enterprises supervised by the Autonomous Region's State-owned Assets Supervision and Administration Commission achieved a total output value of 20.59 billion yuan of new products, up 35.1% year on year. Investment in science and technology r&d reached 6.416 billion yuan, up 44.1 percent year on year.

Source: State-owned Assets And Administration Commission of The State Council