Core Insights - The report highlights the positive performance of state-owned enterprises (SOEs) in terms of asset preservation and appreciation during the 14th Five-Year Plan period, with significant growth in total assets and equity [2] - The progress of SOE reform is on track, with confidence in achieving high-quality completion of key tasks by the end of 2025 [3] - There is a focus on optimizing the layout and structure of state-owned economy to enhance its strategic functions and improve resource allocation [4] - SOEs have made notable advancements in technological innovation, contributing to high-quality development and national security [6] Group 1: State-Owned Capital Performance - The total assets of national SOEs increased from 268.5 trillion yuan at the end of the 13th Five-Year Plan to 401.7 trillion yuan by the end of 2024, while owners' equity rose from 97 trillion yuan to 141 trillion yuan [2] - National SOE capital equity grew from 76 trillion yuan to 109.4 trillion yuan, with total operating revenue consistently above 80 trillion yuan in recent years [2] - Overall, the preservation and appreciation of state capital during the 14th Five-Year Plan period is deemed satisfactory, with improved asset quality and financial strength [2] Group 2: SOE Reform Progress - The State-owned Assets Supervision and Administration Commission (SASAC) has been actively implementing reform measures to enhance the core functions and competitiveness of SOEs, with progress aligning with expectations [3] - Key achievements include promoting the rational flow and optimization of state capital, activating the development potential of SOEs, and improving the overall effectiveness of state asset supervision [3] Group 3: Economic Layout Optimization - The optimization of the state-owned economy's layout and structure is essential for strengthening and expanding state capital and enterprises [4] - The focus is on concentrating state capital in critical industries related to national security and public services, as well as in strategic emerging industries [4] - Significant progress has been made in optimizing industrial and regional layouts, with ongoing efforts to enhance the mechanisms for layout optimization and structural adjustment [4] Group 4: Technological Innovation in SOEs - The government has introduced various policies to support technological innovation in SOEs, leading to significant improvements in their innovation capabilities and core competitiveness [6] - SOEs have successfully tackled key technologies and contributed to the national innovation system, supporting high-quality development and security [6] - Future initiatives will focus on integrating innovation, industry, and talent chains, enhancing resource allocation, and addressing critical technology challenges [6]

Core Viewpoint - The report presented at the 18th meeting of the 14th National People's Congress Standing Committee highlights the positive performance of state-owned enterprises (SOEs) in terms of asset preservation and appreciation, as well as the progress in deepening SOE reforms and optimizing the layout of state-owned capital [1][2][3][4][5][6]. Group 1: State-Owned Capital Performance - During the 14th Five-Year Plan period, the total assets of state-owned enterprises increased from 268.5 trillion yuan at the end of the 13th Five-Year Plan to an estimated 401.7 trillion yuan by the end of 2024, with owners' equity rising from 97 trillion yuan to 141 trillion yuan [2]. - The total revenue of state-owned enterprises has consistently remained above 8 trillion yuan in recent years, with profit totals stabilizing [2]. - Overall, the preservation and appreciation of state capital during the 14th Five-Year Plan period is considered good, with improved asset quality and a stronger financial foundation for SOEs [2]. Group 2: SOE Reform Progress - The deepening reform of state-owned enterprises is on track to meet expectations, with significant progress made in enhancing the strategic functions of state-owned capital and optimizing its allocation [3]. - Key achievements include breaking down institutional barriers to high-quality development and improving the overall effectiveness of state-owned capital supervision [3]. Group 3: Optimization of State-Owned Economic Layout - The optimization of the state-owned economic layout and structural adjustments are essential for advancing SOE reforms and enhancing the strength and quality of state capital [4]. - The focus is on concentrating state capital in critical industries related to national security and public services, as well as in strategic emerging industries [4]. - Significant progress has been made in optimizing industrial and regional layouts, with ongoing efforts to enhance the mechanisms for optimizing and adjusting state-owned economic structures [4]. Group 4: Technological Innovation in SOEs - The 14th Five-Year Plan has seen the implementation of various policies to support technological innovation in state-owned enterprises, leading to significant advancements in their innovation capabilities [6]. - SOEs have made strides in overcoming key core technologies and have become vital components of the national innovation system, supporting high-quality development and security [6]. - Future efforts will focus on integrating innovation, industry, and talent chains, enhancing resource allocation, and addressing critical technology challenges [6].

Core Insights - The report highlights the positive performance of state-owned enterprises (SOEs) in terms of asset preservation and appreciation during the 14th Five-Year Plan period, with significant growth in total assets and equity [2][3] Group 1: State-Owned Capital Performance - The total assets of state-owned enterprises increased from 268.5 trillion yuan at the end of the 13th Five-Year Plan to 401.7 trillion yuan by the end of 2024, while owners' equity rose from 97 trillion yuan to 141 trillion yuan [2] - State-owned capital equity grew from 76 trillion yuan to 109.4 trillion yuan, with total operating revenue consistently above 80 trillion yuan over the past three years [2] - The overall labor productivity and R&D investment intensity of SOEs have steadily improved, indicating a stronger financial foundation and better asset quality [2] Group 2: Progress in SOE Reform - The State-owned Assets Supervision and Administration Commission (SASAC) is on track to complete the key tasks of the SOE reform by the end of 2025, focusing on enhancing the strategic functions of state-owned capital and optimizing its allocation [3] - The reform efforts have successfully addressed systemic barriers to high-quality development and improved the overall effectiveness of state asset supervision [3] Group 3: Optimization of State-Owned Economy - The optimization of the state-owned economy's layout and structural adjustments are essential for strengthening and expanding state capital and enterprises [4][5] - The focus is on concentrating state capital in critical industries related to national security and public services, as well as emerging strategic industries [4] - Significant progress has been made in optimizing industrial and regional layouts, with strategic restructuring and professional integration of SOEs [4][5] Group 4: Technological Innovation in SOEs - The government has implemented various policies to support technological innovation in SOEs, leading to enhanced innovation capabilities and core competitiveness [6] - SOEs have made strides in overcoming key technological challenges and have become vital components of the national innovation system [6] - Future efforts will focus on integrating innovation, industry, and talent chains to strengthen the stability of industrial supply chains [6]

Group 1 - The article discusses the interim measures for the registration management of state-owned enterprise property rights, emphasizing the timeline for capital increase and actual capital contribution registration [3] - It clarifies that the transfer of debt by state-owned asset management companies (AMCs) does not fall under the supervision of the asset transfer management regulations, allowing for more flexibility in transactions [4] - The article outlines the procedures for non-public asset transfers between state-owned enterprises, indicating that specific regulations apply to property rights rather than physical assets [5] Group 2 - It addresses the calculation of capital preservation and appreciation for newly established state-owned enterprises, highlighting the conditions under which this calculation can be made [6] - The article specifies the criteria under which subsidiaries with high debt ratios and continuous losses are prohibited from engaging in financial derivative activities, requiring all conditions to be met simultaneously [7] - It mentions the establishment of a comprehensive database for infrastructure investment and financing policies, focusing on real-time updates and relevant industry insights [8]

证券代码：600853 证券简称：龙建股份 编号：2025-048 龙建路桥股份有限公司 本议案已经董事会薪酬与考核委员会审议通过。 绩责任书》《经理层成员岗位聘任协议书》的议案（8 票赞成，0 票反 对，0 票弃权）； 第十届董事会第二十一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 会第二十一次会议通知和材料于 2025 年 6 月 18 日以通讯方式发出。 长陈涛因出差在外委托董事张成仁代为出席会议并表决，董事李金杰因 出差在外委托董事王举东代为出席会议并表决。会议由公司董事长宁长 远主持。4 名监事列席会议。 二、董事会会议审议情况 会议审议通过了以下议案： 评价实施方案》的议案（7 票赞成，0 票反对，0 票弃权）； 关联董事宁长远、陈涛、于海军、李金杰回避表决。 本议案已经董事会战略、投资与可持续发展委员会审议通过。 特此公告。 龙建路桥股份有限公司董事会 ? 报备文件 董事会决定授权公司董事长宁长远同志与公司经理层成员签订岗 位聘任协议书，与公司总经理陈涛同志签订年度经营 ...