记者：卢佳 新华社国内部出品 【纠错】 【责任编辑:谷玥】 【简介】记者从1月28日国务院新闻办新闻发布会上了解到，2025年，中央企业战略性新兴产业营收规 模超过12万亿元。 ...

1月28日午后，A股三大指数走势分化，其中沪指上涨0.30%。截止13点25分，科创100ETF华夏（588800） 下跌0.94%。其他主流宽基指数中，上证50涨0.01%，沪深300涨0.16%，科创50跌1.17%。 | 叠 复权 窗 区 信息 加自选 ◎ 浄值 | | | | | | 科创100ETF华夏 588800 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 20250528-20260128 (167) ඌ | | | | 1.641 | 1.577 | | -0.015(-0.94%) | | | | | | | 委托 5 | +15.10% 1.582 | 9663 4068 | | | | | | | 卖4 | 1.581 | 1531 | | | | | | 1.383 | 3 | 1.580 | 9937 | | | | | | | 在 2 | 1.579 | 8634 | | | | | | | 1 | 1.578 | 3000 | | | | | | 1.126 | 1 | 1.577 | 94 | | | | | ...

Core Viewpoint - The article emphasizes the importance of strategic restructuring and professional integration of central enterprises as a key approach to optimize the national economic layout and structural adjustment, aiming to build more world-class enterprises [3][4]. Group 1: Strategic Restructuring - The State-owned Assets Supervision and Administration Commission (SASAC) will focus on the "three concentrations" of state capital, using restructuring and integration as a tool to enhance the strength and quality of state-owned enterprises [3]. - The establishment of new central enterprises and strategic restructuring will highlight their supporting roles in strategic security, industrial leadership, national economy, and public services [3][4]. Group 2: Professional Integration - The article discusses the ongoing professional integration efforts, including the consolidation of resources in the cruise operation sector to create a "national team" for China's cruise industry [4]. - Central enterprises are encouraged to conduct horizontal integration of similar businesses and vertical integration along the industrial chain to reduce industry competition [3][4]. Group 3: High-Quality Mergers and Acquisitions - Central enterprises are supported in pursuing high-quality mergers and acquisitions to acquire core elements and seize technological advantages, thereby accelerating the development of strategic emerging industries [3][4]. - The article notes that the past year has seen orderly progress in the establishment of new central enterprises and strategic restructuring, focusing on national energy security and green development [4]. Group 4: Future Trends - According to industry experts, the restructuring and integration of central enterprises in 2026 will exhibit three characteristics: clearer strategic orientation, more precise integration methods, and a more focused goal on cultivating new productive forces and ensuring industrial chain security [4].

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) reported significant achievements in the high-quality development of state-owned enterprises (SOEs) by 2025, highlighting their crucial role in the national economy and their contributions to various sectors [2][3][4]. Financial Performance - By the end of 2025, the total assets of SOEs exceeded 95 trillion yuan, with a profit of 2.5 trillion yuan and fixed asset investments reaching 5.1 trillion yuan [3][4]. - During the "14th Five-Year Plan" period, SOEs achieved an average annual growth rate of 6.9%, with a total profit of 12.7 trillion yuan, marking a 56.2% increase compared to the previous five-year period [4]. Strategic Investments - In 2025, SOEs invested 2.5 trillion yuan in strategic emerging industries, accounting for 41.8% of total investments, with revenues from these industries exceeding 12 trillion yuan [5]. - Cumulatively, SOEs have invested over 10 trillion yuan in strategic emerging industries since the beginning of the "14th Five-Year Plan," with the investment share rising from 22% to over 40% [5]. Research and Development - SOEs' R&D investment reached 1.1 trillion yuan in 2025, maintaining over 1 trillion yuan for four consecutive years, and achieving a record number of 22 new academicians [6]. Revenue Contribution - In 2025, SOEs generated over 70% of their revenue from sectors critical to national security and the economy [7]. Social Responsibility - SOEs contributed a total of 160.3 billion yuan in support funds and trained 148.7 million personnel, significantly aiding rural revitalization efforts [8]. Environmental Goals - SOEs are on track to meet their energy consumption and carbon emission reduction targets, with a projected decrease of 15% and 18% respectively during the "14th Five-Year Plan" [9]. Corporate Restructuring - New SOEs were established, and strategic reorganizations were conducted in key sectors, enhancing the integration of resources in areas like satellite communication and artificial intelligence [10][16]. Technological Advancements - SOEs participated in all 22 major national technology projects, achieving breakthroughs in critical technologies and contributing to significant innovations [11]. AI Initiatives - The "AI+" initiative has led to the establishment of over a thousand application scenarios, with ongoing efforts to enhance investment and data utilization in key areas [12][15]. Reform and Governance - The reform of state-owned enterprises has deepened, with significant progress in modern corporate governance and management efficiency [13]. Future Goals - For 2026, SOEs aim to ensure continuous growth in value added and optimize key operational indicators, aligning with national GDP growth [14][17].

Core Viewpoint - The article discusses the high-quality development of state-owned enterprises (SOEs) in China, highlighting significant growth in assets, profits, and investments by 2025, along with advancements in technology and industry restructuring [1][2]. Group 1: Financial Performance and Growth - By the end of 2025, the total assets of central enterprises are expected to exceed 95 trillion yuan, with a profit total of 2.5 trillion yuan and fixed asset investments reaching 5.1 trillion yuan [1]. - During the "14th Five-Year Plan" period, the average annual growth rate of central enterprises' total assets is 6.9%, with a total value added of 51.3 trillion yuan, marking a 44.6% increase compared to the previous five-year period [2]. - The total profit of central enterprises during this period is projected to be 12.7 trillion yuan, reflecting a 56.2% increase from the "13th Five-Year Plan" period [2]. Group 2: Productivity and Efficiency - The labor productivity of central enterprises increased from 594,000 yuan per person to 836,000 yuan, with an annual growth rate of 7.1% [2]. - The operating income profit margin improved from 6.2% to 6.7%, indicating enhanced efficiency and competitiveness in the market [2]. - Over the past five years, central enterprises have invested over 5 trillion yuan in research and development, with a 0.27 percentage point increase in R&D intensity and a nearly 50% increase in the number of technology talents [2]. Group 3: Strategic Restructuring and Integration - The restructuring and integration of central enterprises are being prioritized, focusing on national energy security and green development, with notable examples including the formation of the China Yajiang Group and the restructuring of China Chang'an Automobile Group [3]. - The State-owned Assets Supervision and Administration Commission (SASAC) aims to optimize the layout and structure of state-owned capital through strategic mergers and acquisitions, enhancing the role of central enterprises in various sectors [3][4]. Group 4: Emerging Industries and Innovation - By 2025, the revenue from strategic emerging industries of central enterprises is expected to exceed 12 trillion yuan, with an annual growth of 1 trillion yuan for three consecutive years [5]. - The SASAC is drafting a document to promote the cultivation of new pillar industries, focusing on systematic layout and leapfrog development [5]. - The emphasis is on differentiated strategies for various types of emerging industries, aiming to create a resilient industrial ecosystem [5]. Group 5: AI and Data Resource Development - The SASAC is advancing the "AI+" initiative, focusing on key areas such as application, computing power, data, and models, to drive high-quality development in industries [6]. - There is a push for the opening and development of data resources in critical sectors like transportation logistics and financial services, which will support model optimization and application in various industry scenarios [6].

智联招聘最新数据显示，2025年回国求职的应届留学生规模同比增长12%，总量达到2018年的2.25倍，创下近八年来新 高。这不仅标志着留学人员回国发展的信心显著增强，也反映出国内市场对国际化人才的吸引力持续提升。 图片来源：智联招聘 这股"回流潮"的背后，是宏观环境与个人选择的双重驱动。近年来，从中央到地方相继推出一揽子支持政策，覆盖就 业创业、安居落户、科研资助等多个层面，为海外学子铺就了顺畅的归国发展之路。与此同时，国内经济迈向高质量 发展，特别是在以新质生产力为代表的新兴领域，催生了大量高层次、国际化的就业岗位，为海外人才提供了施展才 华的广阔舞台。 观察留学人员的来源地，传统留学大国如英国、澳大利亚、美国依然输送了大量回国人才，但增长动能正悄然转向亚 洲。2025年，来自马来西亚、新加坡的留学生回国求职人数同比增速分别高达65.0%和50.1%，增势极为迅猛。澳大利 亚、俄罗斯等地也呈现出快速增长态势。这一变化显示，留学生的选择日趋多元化与理性，亚洲地区凭借其高性价比 的教育资源，正成为重要的国际化人才培育地，也为中国带来了背景更为丰富的海归群体。 责任编辑：栎树 这批新生代海归呈现出显著的高学历、 ...

Core Insights - The State-owned Assets Supervision and Administration Commission (SASAC) announced that by the end of 2025, the total assets of central enterprises will exceed 95 trillion yuan, with a profit of 2.5 trillion yuan and fixed asset investment of 5.1 trillion yuan, contributing significantly to the economic and social development goals of China [1][7] - Central enterprises are making progress in technology innovation, industrial renewal, and deepening reforms, with a focus on restructuring and integrating enterprises, particularly in strategic emerging industries [1][3] Group 1: Financial Performance - By the end of 2025, central enterprises' total assets will surpass 95 trillion yuan, with an annual growth rate of 6.9% during the 14th Five-Year Plan period [2][8] - The total profit achieved is 12.7 trillion yuan, reflecting a 56.2% increase compared to the previous five-year period [9] - Labor productivity increased from 594,000 yuan to 836,000 yuan per employee, with an annual growth rate of 7.1% [9] Group 2: Investment and Innovation - Over the past five years, central enterprises have invested more than 5 trillion yuan in research and development, with a 0.27 percentage point increase in R&D intensity [9] - By 2025, revenue from strategic emerging industries is expected to exceed 12 trillion yuan, with an investment of 2.5 trillion yuan, accounting for 41.8% of total investments [5][11] Group 3: Restructuring and Integration - The SASAC is focusing on the strategic restructuring of central enterprises to enhance their roles in national energy security and green development [3][10] - New enterprises have been formed, such as the China Yajiang Group and the China Chang'an Automobile Group, which are reshaping competitive landscapes [10] Group 4: AI and Data Resource Development - The SASAC is advancing the "AI+" initiative, aiming to enhance capabilities in key areas such as application, computing power, and data [6][13] - There is a push for the open development of data resources in key sectors like transportation logistics, smart energy, and financial services to support high-quality industrial development [6][13]

Group 1 - The core focus of the State-owned Assets Supervision and Administration Commission (SASAC) is on the "three concentrations" of state-owned capital, utilizing restructuring and integration to optimize the layout and structure of state-owned enterprises (SOEs) and accelerate the creation of world-class companies [1][3] - The "three concentrations" include: 1) the establishment of new central enterprises and strategic restructuring to enhance their roles in strategic security, industrial leadership, and public services; 2) promoting professional integration to support innovative enterprises in horizontal and vertical integration; 3) facilitating high-quality mergers and acquisitions to capture core elements and technological advantages [3][4] - The emphasis for SOE restructuring in 2026 will be on strategic security, industrial upgrading, and strategic emerging industries, with a target of completing 10 to 15 strategic restructurings of central enterprises and over 50 professional integrations of local SOEs [4][5] Group 2 - The current reform focus has shifted from general foundational tasks to more targeted efforts that serve national strategies, optimize structural layouts, and enhance technological innovation [4] - Significant projects include the establishment of the China Yajiang Group to focus on national energy security and the restructuring of the China Chang'an Automobile Group to reshape the automotive industry landscape [4][5] - In 2025, SASAC completed the integration of central enterprise cruise operation resources to create a "national team" for China's cruise industry and facilitated the integration of power battery resources to support the high-quality development of new energy vehicles [5]

Core Insights - The State-owned Assets Supervision and Administration Commission (SASAC) reported on the high-quality development of state-owned enterprises (SOEs) by 2025, highlighting significant growth in assets, productivity, and contributions to national strategies [3][4][6]. Group 1: Financial Performance - Central enterprises' total assets reached 95 trillion yuan, with an average annual growth rate of 6.9% [3] - The added value of central enterprises was 51.3 trillion yuan, a 44.6% increase compared to the previous five-year plan [3] - Total profits amounted to 12.7 trillion yuan, reflecting a 56.2% increase from the previous five-year period [3] Group 2: Productivity and Efficiency - Labor productivity increased from 594,000 yuan to 836,000 yuan per employee, with an annual growth rate of 7.1% [4] - Operating income profit margin improved from 6.2% to 6.7%, indicating enhanced efficiency and competitiveness [4] - R&D investment exceeded 5 trillion yuan over five years, with a 0.27 percentage point increase in R&D intensity [4] Group 3: Strategic Contributions - Central enterprises contributed 12.9 trillion yuan in taxes, a 22.7% increase from the previous five-year period [4] - They transferred 1.2 trillion yuan of state-owned equity to social security funds and supported rural revitalization through targeted assistance [4] - Central enterprises played a crucial role in national energy security and emergency response efforts [4] Group 4: Restructuring and Integration - The SASAC is focusing on the establishment of new central enterprises and strategic restructuring to enhance efficiency in key sectors [5][6] - Professional integration is being promoted, including the consolidation of resources in the cruise and electric vehicle sectors [5] - The aim is to support high-quality mergers and acquisitions to strengthen core capabilities and foster emerging industries [6] Group 5: Innovation and Technology - Central enterprises are actively participating in artificial intelligence (AI) development, with over 1,000 application scenarios created in key industries [7] - Significant investments in computing power and AI infrastructure are being made to support national strategies [7] - Collaborative initiatives are being launched to enhance AI technology accessibility and application across various sectors [8] Group 6: Emerging Industries - Revenue from strategic emerging industries is projected to exceed 12 trillion yuan by 2025, with a significant increase in investment share [9] - Central enterprises are focusing on sectors like integrated circuits, biotechnology, and new energy vehicles, with substantial investments in innovation [9] - The establishment of a collaborative ecosystem is being pursued to enhance supply chain integration and innovation [9][10] Group 7: Future Directions - The SASAC plans to guide central enterprises towards intelligent, green, and integrated development, focusing on enhancing competitiveness and safety [11] - Key areas of focus include new energy, aerospace, and quantum technology, with an emphasis on building globally competitive industrial clusters [11]

Core Viewpoint - The article discusses the high-quality development of state-owned enterprises (SOEs) in China by 2025, highlighting significant growth in assets, profits, and investments, as well as advancements in technology and industry restructuring [1][3]. Group 1: Financial Performance - By the end of 2025, the total assets of central enterprises are expected to exceed 95 trillion yuan, with a profit of 2.5 trillion yuan and fixed asset investments of 5.1 trillion yuan [1]. - The average annual growth rate of central enterprises' total assets during the 14th Five-Year Plan period is projected to be 6.9% [3]. - The value added by central enterprises reached 51.3 trillion yuan, a 44.6% increase compared to the previous five-year period, while total profits increased by 56.2% to 12.7 trillion yuan [3]. Group 2: Productivity and Efficiency - Labor productivity for central enterprises increased from 594,000 yuan per person to 836,000 yuan, with an annual growth rate of 7.1% [3]. - The operating income profit margin improved from 6.2% to 6.7%, indicating enhanced efficiency and competitiveness [3]. - Over the past five years, R&D investment exceeded 5 trillion yuan, with a 0.27 percentage point increase in R&D intensity and a nearly 50% rise in the number of technology talents [3]. Group 3: Strategic Restructuring and Integration - The article emphasizes the importance of restructuring and integrating central enterprises, focusing on energy security and green development, with notable examples including the formation of China Yajiang Group and the restructuring of China Chang'an Automobile Group [5]. - The State-owned Assets Supervision and Administration Commission (SASAC) plans to optimize the layout and structure of state-owned capital through strategic mergers and acquisitions [5][6]. - SASAC aims to enhance the core functions and competitiveness of central enterprises by promoting professional integration and high-quality mergers [6]. Group 4: Emerging Industries and Innovation - By 2025, revenue from strategic emerging industries is expected to exceed 12 trillion yuan, with an investment of 2.5 trillion yuan, accounting for 41.8% of total investments [8]. - SASAC is drafting a document to guide central enterprises in cultivating new pillar industries, focusing on systematic layout and leapfrog development [9]. - The article highlights the importance of artificial intelligence (AI) as a driving force for technological revolution, with SASAC promoting the "AI+" initiative to enhance capabilities in various sectors [11].