Journalists from 16 at the seminar, head of the central enterprises, according to the second half of this year, the State-owned Assets Supervision and Administration Commission of the State Council will adhere to the "two increase a point SanDiGao" throughout the year target tasks don't waver, further do real fine central enterprise work efficiency, to ensure that the second half of the economic operation in a reasonable range, in the market steady economy play a role of pillar, YaCangShi.

In the first half of this year, enterprises under the central government resolutely resisted the downward pressure on the economy, spared no effort to expand the market, cut costs and cut expenditures, and took proactive measures to accelerate implementation. As a result, their economic performance grew faster than expected. From January to June, central government enterprises achieved 19.2 trillion yuan in revenue, 1,409.36 billion yuan in total profit, and 1,085.75 billion yuan in net profit, up 12 percent, 7.1 percent, and 6.1 percent, respectively, over the same period last year. The quality of development was further improved.

State-owned Assets Supervision and Administration Commission of the State Council (SASAC) urged central enterprises to seize the favorable opportunity of stabilizing the epidemic situation and recovering demand, and accelerate the resumption of work to achieve production and efficiency. We will continue to focus on the two ends and promote the middle, highlight key responsibilities for ensuring steady growth, and increase positive incentives for our subsidiaries. Strengthen the analysis of the situation, timely optimize the business strategy and product structure, improve the market share. We will closely monitor changes in price and demand, strike a balance between production, sales, storage, investment and financing, and make concrete and detailed financial plans. We will enhance coordination and cooperation between central enterprises, promote efficient interconnection between coal and thermal power, metallurgy and machinery, commerce and shipping, and resolutely put an end to vicious competition in the same industry.

In the second half of this year, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) will strengthen daily monitoring of power supply and thermal coal inventory, coordinate resource allocation, release advanced production capacity, and actively expand import sources of important energy, resources and grain. Central government enterprises should thoroughly implement their annual investment plans, actively undertake major national projects, and accelerate the implementation of planned projects and the commissioning of completed projects. We will fully implement the 27 measures to assist smes in resolving difficulties, focus on key tasks such as reducing electricity and network costs and reducing or exempting rent, and actively provide projects and financial support to suppliers of smes.

State-owned Assets Supervision and Administration Commission of the State Council (SASAC) stressed that enterprises under the central government should improve the quality of investment, focus on the main industry, prohibit investment in projects with excess capacity, and resolutely curb the blind development of projects that require high production, high production and low production capacity. In line with the requirements of accelerating the building of world-class enterprises, we will focus on improving management, consolidate the year-on-year reduction in three expenses in the first half of this year, and intensify efforts to reduce costs and expenditures across the industrial and value chains, so as to achieve better growth with quality, efficiency, efficiency and cash flow.

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