Mei Ri Jing Ji Xin Wen·2025-11-03 07:51Group 1 - The core viewpoint is that state-owned enterprises (SOEs) in China have demonstrated robust value creation capabilities, with an annualized ROE of 8.67% before the third quarter of 2025, surpassing the overall level of A-shares [1] - By industry, the non-ferrous metals, public utilities, and transportation sectors have shown outstanding performance, with annualized ROE reaching 15.8%, 11.6%, and 10.3% respectively [1] - Six industries, including environmental protection and machinery equipment, have experienced profit growth exceeding 5% [1] Group 2 - SOEs are continuously optimizing their layout in areas such as industry leadership, with the assessment system emphasizing differentiated guidance through "one industry, one policy" [1] - The Central Enterprise Win-Win ETF (517090) tracks the FTSE China State-Owned Enterprises Open Win-Win Index, which selects state-owned enterprises from the market, focusing on companies engaged in global operations and sustainable development [1] - The index primarily covers industries such as oil and petrochemicals, and construction decoration, reflecting a large-cap value style and aiming to comprehensively represent the overall market performance of Chinese SOEs under the theme of open win-win [1]