Core Insights - Central enterprises in China are expected to implement quality improvement and value creation initiatives by 2025, aiming for stable growth in operations [1] - In the first eleven months, central enterprises achieved a value-added output of 9.5 trillion yuan, reflecting a year-on-year growth of 1.4% [1] Financial Performance - The annualized labor productivity of central enterprises reached 811,000 yuan per person, an increase of 3% year-on-year [1] - Key financial metrics such as revenue collection rate, operating income profit margin, and annualized return on net assets remained at reasonable levels [1] - Fixed asset investment (excluding real estate) totaled 3.3 trillion yuan, marking a year-on-year growth of 0.7% [1] Research and Development - Central enterprises intensified efforts in independent innovation, with R&D expenditure reaching 890.16 billion yuan in the first eleven months, resulting in an R&D intensity of 2.62% [1] - Cumulatively, R&D funding from central enterprises exceeded 5 trillion yuan during the "14th Five-Year Plan" period, with investments in emerging industries growing at an annual rate of over 20% [1] - The number of technology talents in central enterprises increased by nearly 50%, indicating a significant enhancement in new productive forces [1]
中央企业实现增加值9.5万亿元
Ren Min Ri Bao·2025-12-24 23:07