In the first three quarters of this year, the production and operation of state-owned enterprises in Ningxia made steady progress. Major economic indicators such as operating revenue and total profit maintained a good trend of year-on-year growth. High-quality development indicators such as the "two benefits and four ratios" continued to improve, and the quality of operation steadily improved.

Statistics show that in the first three quarters, Ningxia state-owned assets department supervision and statistical assets enterprises achieved operating revenue of 128.314 billion yuan, a year-on-year growth of 24.8%; Profit was 11.239 billion yuan, up 67.3 percent year on year. 405 million yuan for research and development, up 25%; R&d investment intensity was 0.32%, with a year-on-year increase of 0.01 percentage points; The operating income margin was 10.5%, up 2.7 percentage points year on year; The total labor productivity was 388,000 yuan/person, up 9.7% year on year; Return on equity was 2.8%, up 0.9 percentage points year on year; The value and appreciation rate of state capital was 102.9%, up 0.8 percentage points year on year. The asset-liability ratio (excluding financial enterprises) was 56.9 percent, down 1.7 percentage points year-on-year.

In the first three quarters of this year, Ningxia state-owned assets supervision and statistical assets enterprises paid 16.326 billion yuan in taxes and fees, up 56.3% year on year; We helped small, medium and micro businesses cut rent by 12.247 million yuan.

Source: State-owned Assets Supervision and Administration Commission of the State Council