国有资产质量更优“家底”更厚

Core Insights - Since the beginning of the 14th Five-Year Plan, the total assets of central enterprises have increased from less than 70 trillion yuan to over 90 trillion yuan, with total profits rising from 1.9 trillion yuan to 2.6 trillion yuan, achieving average annual growth rates of 7.3% and 8.3% respectively [1][2] - The quality of state-owned assets has improved, with indicators such as return on state-owned capital and return on net assets showing continuous enhancement [1] Group 1: High-Quality Development - The 14th Five-Year Plan period has seen central enterprises enhance their functions, value, and strategic support, with significant improvements in operational quality and efficiency [2] - The operating income profit margin has increased from 6.2% to 6.7%, and labor productivity per employee has risen from 594,000 yuan to 817,000 yuan [2] - The total equity of state-owned capital has grown from 14.2 trillion yuan to 18.3 trillion yuan, with an average annual growth rate of 6.5% [2] Group 2: Investment and Market Performance - From 2021 to 2024, central enterprises are expected to complete a total fixed asset investment of 19 trillion yuan, with an average annual growth rate of 6.3% [3] - The market capitalization of centrally controlled listed companies has exceeded 22 trillion yuan, reflecting improved quality of listed companies [3] Group 3: Technological Innovation - Central enterprises have made significant strides in technological innovation, with R&D expenditures growing at an annual rate of 6.5%, surpassing 1 trillion yuan annually for three consecutive years [4][5] - A total of 474 national-level R&D platforms have been established, and there are 144,000 R&D personnel, including 219 academicians [4] Group 4: Reform and Governance - The reform of state-owned enterprises is progressing as planned, focusing on enhancing core functions and competitiveness [7] - The governance structure has been improved, with over 60% of management compensation linked to performance [7] - The implementation of targeted assessment plans for central enterprises has increased the precision and scientific nature of policy supply [7] Group 5: Future Outlook - Central enterprises are committed to completing their main tasks with high quality by the end of the year, as outlined in the reform deepening action plan [8]