Beijing, Jan. 5 (Xinhua) -- What about the performance of central enterprises in the year 2022? What breakthroughs have been made in the reform? The State Council's State-owned Assets Supervision and Administration Commission (SASAC) delivered a new message at a meeting of heads of central enterprises on Friday.

We will give greater priority to high-quality development

In 2022, central government enterprises are expected to achieve operating revenue of 39.4 trillion yuan, up 8.3 percent year on year, total profit of 2.55 trillion yuan, up 5.5 percent year on year, and net profit of 1.9 trillion yuan, up 5 percent year on year.

You don't know what's hard until you see it through. Over the past year, China has faced a complex and severe development environment at home and abroad, with multiple outbreaks of COVID-19 and extraordinary economic development.

In the face of pressure, the State-owned Assets Supervision and Administration Commission organized and carried out two special actions to improve quality and efficiency and comprehensive treatment, and took extraordinary measures to curb the downward trend. All central enterprises have risen to the challenge and boosted the steady growth of the national economy with their own high-quality growth.

In 2023, there will be a lot of economic work. How can state-owned enterprises develop to a higher level?

"We will guide our work throughout the year with the goal of ensuring high-quality and stable growth, encourage central government enterprises to take the lead in improving performance, and stabilize development expectations and boost market confidence with their own strong growth momentum." Zhang Yuzhuo, Party secretary of SASAC, said at the meeting.

It is understood that this year, SASAC continued to optimize the assessment system, the introduction of return on equity, operating cash ratio, the implementation of the "one profit five rates" business index system, to guide enterprises to highlight the priority of high-quality development, solid progress in improving quality and efficiency and steady growth.

To be specific, central enterprises should strive to achieve "one growth, one stability and four improvements" this year. "One increase" means that the growth rate of total profits is higher than that of the national GDP; To ensure stability, we need to keep the overall asset-liability ratio stable. The "four improvements" are to achieve further improvement in four indicators: return on equity, intensity of R&D expenditure, total labor productivity and operating cash ratio.

We will accelerate the development of world-class enterprises

The report to the 20th National Congress of the CPC called for improving the modern enterprise system with Chinese characteristics, promoting entrepreneurship, and accelerating the development of world-class enterprises.

In 2022, state-owned and central enterprises accelerated the development of world-class enterprises, and continued to promote the establishment of demonstration action, management improvement action, value creation action, brand leadership action "four special actions", reform results have been continuously demonstrated.

For example, world-class enterprises must have world-class scientific and technological innovation capabilities. China's space station has been completed, the first C919 aircraft has been delivered, and Baihetan Hydropower Station is in full operation. In 2022, central enterprises made all-out efforts to promote breakthroughs in scientific and technological innovation, and achieved frequent success in major projects.

"Accelerating the construction of world-class enterprises is an inevitable requirement to enhance the core competitiveness of enterprises, strengthen, improve and expand state-owned capital and state-owned enterprises, and give full play to the strategic support role of state-owned economy. It is the goal of state-owned state-owned enterprises on a new journey in the new era." Zhang Yuzhuo said.

He stressed that the establishment of a world-class enterprise should be regarded as a strategic and leading task, and the implementation should be accelerated and all-out efforts should be made.

It is understood that, centering on the requirements of product excellence, outstanding brand, leading innovation, modern governance, focusing on competitiveness, innovation, control force, influence, risk resistance and other indicators, SASAC will guide and promote the central enterprises to further strengthen the comprehensive benchmarking with international advanced enterprises in the same industry, and accelerate the establishment of quantifiable and operational world-class enterprise evaluation system in different industries. And do a good job with business performance assessment indicators of effective connection.

We will organize a new round of actions to deepen and upgrade the reform of state-owned enterprises

The three-year SOE reform initiative, launched in 2020, will usher in a tough year and conclude in 2022.

In the past year, central government enterprises have been involved in deep-water areas and have been hard pressed. The three-year campaign to promote reform of state-owned enterprises has been successfully concluded, and the "three notable results" have been achieved

The modern enterprise system with Chinese characteristics has become more mature and stereotyped. The group level of central enterprises and 12,600 important sub-enterprises should make a comprehensive list of pre-research items, and the board of directors should complete all the construction and basically realize the majority of external directors.

Reorganization and integration continue to exert force. In the past year, China Mineral Resources Group was listed, China Baobu restructured Sinosteel Group and Xinsteel Group, and South-to-North Water Diversion Group was listed as an enterprise under the supervision of the State-owned Assets Supervision and Administration Commission. Cofco Group and China Grain Storage Group carried out equity cooperation in grain storage and processing, and resources integration in the fields of medical treatment, rare earth, pipe network and inspection and testing continued to advance.

Three institutional reforms have broken the ice in a comprehensive way. A new business responsibility system with tenure and contractual management as its core has been established. All managers have signed contracts, and mid - and long-term incentives for core talents in key positions have been promoted in an orderly way.

Reform is only in progress, never complete. Zhang Yuzhuo stressed that it is necessary to consolidate the achievements of the three-year actions to deepen the reform of state-owned enterprises. According to the changes in the situation, with the focus on improving core competitiveness and enhancing core functions, a new round of actions to deepen the reform of state-owned enterprises will be planned and promoted, so as to continuously make new breakthroughs and achievements in the reform.

How will reform work in the future? The meeting defined a series of key points: adhere to the socialist market economy reform direction, with greater efforts to build modern new state-owned enterprises; Strengthening the Party's leadership in improving corporate governance; We will further deepen classified reforms and give better play to the core functions of central enterprises.

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