The inventory will be taken in the middle of the year. As the "pillar" of the national economy, how is the overall operation of central enterprises in the first half of the year? What are the next developments? The State-owned Assets Supervision and Administration Commission of the State Council held a seminar for the heads of central enterprises from 13 to 14 to convey new information.

We made solid progress in improving quality and efficiency

Economic returns are basically stable, effective investment is significantly expanded, the quality of operation continues to improve, and major physical indicators such as electricity, coal, and steel are growing steadily. According to the information of the meeting, the economic operation of central enterprises in the first half of the year met expectations, and contributed to China's economic response to the challenges of wind and rain and toward high-quality development.

"On the whole, the economic operation of the central enterprises is healthy, the stable foundation is being consolidated, the pace of progress is accelerating, and all enterprises have made hard efforts to achieve this." Zhang Yuzhuo, director of the State-owned Assets Supervision and Administration Commission of the State Council, said at the seminar.

At present, many countries in the world are facing the challenge of "low growth", and the domestic economic performance is on the whole picking up and improving, but the internal impetus is not strong, and demand is still insufficient. In a complex environment, how to do the economic work of central enterprises in the second half of the year?

In Zhang Yuzhuo's view, the central enterprises to achieve the annual task has the foundation, there are challenges, to insist on the goal of unwavering, to improve the quality and efficiency of the action plan clear measures to grasp solid grasp fine, grasp the results.

Specifically, each enterprise should do a good job in the situation analysis and analysis, and actively seize market orders; We should give full play to the key role of effective investment, focus on serving major national strategies, and implement the annual investment plan. We should continue to tap potential through management, and increase efforts to reduce costs and expenditure across the entire industrial chain and value chain.

In addition, Zhang Yuzhuo stressed that central enterprises should effectively prevent and resolve all kinds of business risks, continue to put the prevention and control of debt risks in a prominent position, strengthen the control of risk-prone areas such as government-social capital cooperation (PPP) and financial derivatives business, and resolutely adhere to the bottom line of legal and compliance operations.

We will strengthen the dominant position of enterprises in innovation

The test duration of the main engine of China's manned lunar landing rocket set a new record; Successful closure of the Shenzhen-China Tunnel; China's first 10,000 meters deep geological exploration well was officially drilled in the Tarim Basin of Xinjiang...

In the first half of the year, a series of "big country heavy equipment" made an amazing appearance, and a number of super projects were promoted, which embodies the determination and efforts of central enterprises to resolutely be the backbone of scientific and technological innovation.

Accelerating the realization of high-level scientific and technological self-reliance is the only way to promote high-quality development. In this seminar, focusing on strengthening the main position of enterprise innovation and accelerating the forging of national strategic scientific and technological strength, the State-owned Assets Supervision and Administration Commission of the State Council put forward a series of key measures.

-- Improving the efficiency of innovation output and transformation. In recent years, the R&D investment of central enterprises has been increasing, and it exceeded 1 trillion yuan for the first time in 2022. In the first six months of this year, the R&D expenditure of central enterprises increased by 11.2% year-on-year, and the intensity of R&D expenditure increased by 0.2 percentage points year-on-year.

The State-owned Assets Supervision and Administration Commission of the State Council proposed that, on the one hand, we should continue to increase investment, especially strengthen research and development investment in key areas such as integrated circuits, industrial mother-machines, and artificial intelligence, and increase the proportion of basic research investment; On the other hand, it is necessary to build a results-oriented scientific and technological innovation work system, improve the assessment and evaluation mechanism, and ensure that innovation resources are "good steel used in the cutting edge."

-- Raising the level of collaborative innovation. Accelerate the construction of high-level research and development platforms, accelerate the deep integration of industry, university and research, accelerate the cultivation of innovative enterprises... The State-owned Assets Supervision and Administration Commission of the State Council has defined a number of priorities.

In terms of cultivating innovative enterprises, in the first half of the year, the two major state-owned enterprise reform special actions - "science reform action" and "double hundred action" further expanded the scope and deepened, and the total number of "science reform enterprises" and "double hundred enterprises" expanded to 672 and 580 respectively.

"Focusing on new technologies, new tracks, new platforms and new mechanisms, and focusing on strategic emerging industries and future industries, we will continue to select a group of enterprises to carry out innovative enterprise cultivation." Zhang Yuzhuo said.

To break through key core technologies and seize the commanding heights of future competition, the key depends on talent. It is understood that the State-owned Assets Supervision and Administration Commission of the State Council will increase the precise supply of policies, promote the optimization of the innovation ecology of central enterprises, and create a high level of innovative talents and a special zone for scientific and technological innovation policy.

Adhere to both ends of the force to optimize the layout

Accelerating the establishment of a new development pattern is the strategic basis for promoting high-quality development. In the first half of the year, state-owned central enterprises insisted on making efforts at both ends of strategic emerging industries and traditional industries, and took solid steps in accelerating the construction of a new development pattern

The central enterprises deeply implemented the digital transformation action plan, the C919 large passenger aircraft successfully completed its first commercial flight, and the high-grade non-oriented silicon steel professional production line for the new energy automobile industry was completed and put into operation.

Zhang Yuzhuo said that strategic emerging industries are new pillars and new tracks that lead future development and are the "top priority" in building a modern industrial system.

In the past five years, the average annual investment growth rate of central enterprises in strategic emerging industries has exceeded 20%. In the first half of this year, the investment completed by central enterprises in strategic emerging industries increased by more than 40% year-on-year, accounting for more than a quarter of the total investment.

According to the news from the seminar, the State-owned Assets Supervision and Administration Commission of the State Council is deploying an action plan to promote the direction of 15 key industrial fields such as new generation mobile communications, artificial intelligence, biotechnology, and new materials, and promote central enterprises to accelerate the layout and development of strategic emerging industries.

At present, more than 70% of the assets of central enterprises are concentrated in traditional fields such as petrochemicals, metallurgy, mining, and energy resources. "These areas are where the central enterprises' strengths lie and their foundations lie." Zhang Yuzhuo said.

He proposed that in the next step, the central enterprises should actively promote the high-end of traditional industries, deeply implement the industrial base reconstruction project, and accelerate the renewal and transformation of key processes and core equipment; We should actively promote the intellectualization of traditional industries and strengthen the construction of digital infrastructure. It is necessary to actively promote the greening of traditional industries, effectively and orderly promote the implementation of the carbon peaking program, and accelerate the formation of a spatial pattern, industrial structure and production mode that saves resources and protects the environment.

Source: Chinese government website