Core Viewpoint - The article discusses the ongoing reforms in state-owned assets in Sichuan, focusing on the strategic restructuring and professional integration of state-owned resources, assets, and funds, exemplified by the major asset restructuring of Xinzhu Co., Ltd. [1][2] Group 1: Policy and Strategic Direction - The Sichuan government is intensifying efforts to reform state-owned "three assets" (resources, assets, funds) as a key strategy for regional economic development [2] - The "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" emphasize the need for state-owned enterprise reforms, including strategic restructuring and professional integration [2] - The focus is on transforming state-owned resources into assets, assets into capital, and leveraging funds to optimize the layout and structure of state-owned capital [2][4] Group 2: Company Restructuring and Performance - Xinzhu Co., Ltd. is undergoing a significant asset restructuring involving the sale of underperforming businesses and the acquisition of a 60% stake in Shudao Clean Energy [3] - The restructuring aims to improve the company's operational status, enhance its sustainable operational capacity, and maximize shareholder value [3][4] - Following the restructuring, Xinzhu Co., Ltd. reported a substantial improvement in performance, with a third-quarter profit of 25.42 million yuan, a year-on-year increase of 135.30% [4] Group 3: Market and Future Outlook - The restructuring aligns with the broader trend of Sichuan's state-owned asset reform, focusing on revitalizing underperforming assets and optimizing capital allocation [4] - The integration of clean energy assets is expected to enhance operational efficiency and contribute to the region's green energy goals, supporting national carbon neutrality objectives [5]