超400万亿元资产迎焕新时刻，地方“三资”改革驶入“快车道”

Core Insights - The report presented by the State Council highlights the robust growth of state-owned enterprises (SOEs) in China, with total assets exceeding 401.7 trillion yuan by the end of 2024, reflecting an average annual growth rate of 11.4% over the past five years [1][4] - The continuous increase in total assets and state capital equity signifies the effectiveness of SOE reforms and underscores their role as a stabilizing force in the national economy [1][4] Group 1: Financial Performance - The total assets of central enterprises grew from 68.8 trillion yuan at the end of the 13th Five-Year Plan to 91 trillion yuan by the end of 2024, with total profits increasing from 1.9 trillion yuan to 2.6 trillion yuan, achieving average annual growth rates of 7.3% and 8.3% respectively [4] - The operating income profit margin improved from 6.2% to 6.7%, while labor productivity per person increased from 594,000 yuan to 817,000 yuan annually [4] Group 2: Investment and Innovation - From 2021 to 2024, central enterprises completed fixed asset investments totaling 19 trillion yuan, with an average annual growth rate of 6.3%, and invested 8.6 trillion yuan in strategic emerging industries [4] - By the end of 2024, central enterprises had established 474 national-level R&D platforms and employed 1.443 million researchers, marking a year-on-year increase of 5.5% [4] Group 3: Asset Management Reform - The report emphasizes the ongoing reform of state-owned "three assets" (resources, assets, funds) management, with provinces like Hubei and Anhui leading the way in implementing systematic plans to activate dormant state assets [1][6] - Anhui's recent plan includes a comprehensive management framework for various types of assets and resources, focusing on immediate asset verification and long-term governance [7] - Hubei's approach involves a diverse strategy for activating resources, including assetization, securitization, and leveraging funds, aiming to enhance the efficiency and value creation of state assets [8][9]