会议指出，去年以来，中央企业围绕服务国家战略、推动科技创新、促进高质量发展，持续调整存量、 优化增量。通过一系列整合，进一步优化产业布局，提高资源配置效率，提升企业核心竞争力。据统 计，已经开展的专业化整合项目达千余个。 会上，8组17家单位分两批进行了重点项目集中签约，主要涉及新材料、人工智能、邮轮运营、检验检 测、航空物流等关键领域。证券时报记者注意到，参与单位涉及中央企业、民营企业、国家级投资基金 等。阳光时代律师事务所合伙人朱昌明对记者表示，专业化整合早已从股权层面延伸到创新要素层面， 发展至今已成为国资央企畅通创新要素流动的重要抓手。专业化整合参与主体多元化体现了新型举国体 制下强化科技创新、协同取得关键技术的突破。 会上，对于当前阶段推进中央企业专业化整合，国务院国资委提出了五个"坚持"的要求，即中央企业要 坚持主动谋划、加强集团战略引领；坚持防范"内卷"、优化行业资源配置；坚持提升本领、增强战略性 新兴产业整合能力；坚持融合为本、打造一体化竞争优势；坚持协同推进、形成整体工作合力。其中， 对于增强战略性新兴产业整合能力，国务院国资委副主任李镇强调，要多用、善用资本市场。他表示， 央企集团培育的战 ...

会上，8组17家单位分两批进行了重点项目集中签约，主要涉及新材料、人工智能、邮轮运营、检验检 测、航空物流等关键领域。证券时报记者注意到，参与单位涉及中央企业、民营企业、国家级投资基金 等。阳光时代律师事务所合伙人朱昌明对记者表示，专业化整合早已从股权层面延伸到创新要素层面， 发展至今已成为国资央企畅通创新要素流动的重要抓手。专业化整合参与主体多元化体现了新型举国体 制下强化科技创新、协同取得关键技术的突破。 会上，对于当前阶段推进中央企业专业化整合，国务院国资委提出了五个"坚持"的要求，即中央企业要 坚持主动谋划、加强集团战略引领；坚持防范"内卷"、优化行业资源配置；坚持提升本领、增强战略性 新兴产业整合能力；坚持融合为本、打造一体化竞争优势；坚持协同推进、形成整体工作合力。其中， 对于增强战略性新兴产业整合能力，国务院国资委副主任李镇强调，要多用、善用资本市场。他表示， 央企集团培育的战略性新兴业务中属于非主业但具备成长潜力的，可探索注入其他主业央企集团所属上 市平台，实现央企间互利共赢。 11月21日，国务院国资委组织召开中央企业专业化整合推进会并举行重点项目签约仪式，总结前一阶段 专业化整合工作进展成 ...

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the importance of utilizing capital markets and mergers for the professional integration of central enterprises, aiming to enhance the integration capabilities of strategic emerging industries [1][2]. Group 1: Key Directions for Professional Integration - The focus of the next phase of professional integration will be on optimizing industry resource allocation, supporting leading enterprises in restructuring their business layouts, and enhancing scale effects [2]. - Integration efforts will target high-end sectors to acquire critical resources and technologies, extending into high-end market shares [2]. - Internal consolidation of similar business units within central enterprises is a priority, aiming to eliminate low-level redundant construction and improve overall efficiency [2]. Group 2: Strategic Initiatives and Requirements - Central enterprises are encouraged to explore the injection of non-core but growth-potential strategic emerging businesses into other core enterprises for mutual benefits [2]. - A comprehensive review and integration of human resources, technology, and market aspects of merged units are required to deepen collaboration among business segments [3]. - The integration process should also focus on enhancing internal brand cohesion and influence through a structured brand architecture [3]. Group 3: Future Actions and Project Signings - Central enterprises are urged to adopt systematic thinking and innovative measures to enhance the efficiency of state capital allocation and operation [3]. - A total of 17 units from 8 groups signed key projects in critical fields such as new materials, artificial intelligence, cruise operations, inspection and testing, and air logistics [3].

专业化整合是指企业通过资产重组、股权合作、资产置换、无偿划转、战略联盟等方式，打破企业边 界，将资源向优势企业和主业企业集中。 朱昌明表示，这为国资央企战略性新兴产业发展提供了新路径，既放宽了非主业企业培育战略性新兴产 业的约束，又为主业企业快速切入新领域提供了通道，有利于实现国有资本整体功能最大化。 （文章来源：证券时报） 会上，8组17家单位分两批进行了重点项目集中签约，主要涉及新材料、人工智能、邮轮运营、检验检 测、航空物流等关键领域。证券时报记者注意到，参与单位涉及中央企业、民营企业、国家级投资基金 等。阳光时代律师事务所合伙人朱昌明对记者表示，专业化整合早已从股权层面延伸到创新要素层面， 发展至今已成为国资央企畅通创新要素流动的重要抓手。专业化整合参与主体多元化体现了新型举国体 制下强化科技创新、协同取得关键技术的突破。 会上，对于当前阶段推进中央企业专业化整合，国务院国资委提出了五个"坚持"的要求，即中央企业要 坚持主动谋划、加强集团战略引领；坚持防范"内卷"、优化行业资源配置；坚持提升本领、增强战略性 新兴产业整合能力；坚持融合为本、打造一体化竞争优势；坚持协同推进、形成整体工作合力。其中， 对 ...

11月21日，国务院国资委组织召开中央企业专业化整合推进会并举行重点项目签约仪式。8组17家单位 分两批进行了重点项目集中签约，主要涉及新材料、人工智能、邮轮运营、检验检测、航空物流等关键 领域。 坚持防范内卷、优化行业资源配置 会议指出，各中央企业高度重视专业化整合工作，去年以来，围绕服务国家战略、推动科技创新、促进 高质量发展，持续调整存量、优化增量。通过一系列整合，进一步优化产业布局，提高资源配置效率， 提升企业核心竞争力。 会议要求，中央企业要坚持主动谋划、加强集团战略引领，坚持防范内卷、优化行业资源配置，坚持提 升本领、增强战新整合能力，坚持融合为本、打造一体化竞争优势，坚持协同推进、形成整体工作合 力。 大力推动整合工作 据了解，此次签约项目主要包括中国石化与东方电气（600875）集团、内蒙古乌审旗碳纤维"产业合作 +资本运作"项目，中国一汽与卓驭科技智能驾驶领域专业化整合项目，中国一汽与中国五矿电池关键 材料领域产业链共链项目，中铝集团与鞍钢产业互联网与数智供应链领域专业化整合项目，南航集团与 招商局集团航空物流领域专业化整合项目等。 国务院国资委副主任李镇表示，下一步，中央企业要强化组织领导 ...

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) of the State Council held a meeting to promote the specialized integration of central enterprises, resulting in the signing of key projects in various critical sectors such as new materials, artificial intelligence, cruise operation, inspection and testing, and air logistics [1][3]. Group 1: Specialized Integration Efforts - Central enterprises are focusing on specialized integration to support national strategies, drive technological innovation, and promote high-quality development by optimizing existing resources and enhancing new resource allocation [2]. - The meeting emphasized the importance of proactive planning, strategic leadership, and the prevention of internal competition while optimizing industry resource allocation [2]. Group 2: Key Projects Signed - Notable projects include collaborations between China Petroleum & Chemical Corporation (Sinopec) and Dongfang Electric Group, as well as partnerships involving China FAW Group and Zhuoyue Technology in the field of intelligent driving [3]. - Other significant projects involve China FAW Group and China Minmetals Corporation in the battery materials supply chain, and the collaboration between Aluminum Corporation of China (Chalco) and Ansteel in the industrial internet and smart supply chain sectors [3]. Group 3: Future Directions - SASAC's Deputy Director Li Zhen highlighted the need for central enterprises to strengthen organizational leadership, ensure compliance, and enhance risk management while promoting integration efforts [3]. - The focus will be on improving core functions and competitiveness through systematic thinking, forward-looking planning, and innovative measures to enhance the efficiency of state capital allocation and operation [3].

会议要求，中央企业要坚持主动谋划、加强集团战略引领，坚持防范内卷、优化行业资源配置，坚持提 升本领、增强战新整合能力，坚持融合为本、打造一体化竞争优势，坚持协同推进、形成整体工作合 力。 8组17家单位分两批进行了重点项目集中签约，主要涉及新材料、人工智能、邮轮运营、检验检测、航 空物流等关键领域。 会议指出，各中央企业高度重视专业化整合工作，去年以来，围绕服务国家战略、推动科技创新、促进 高质量发展，持续调整存量、优化增量。通过一系列整合，进一步优化产业布局，提高资源配置效率， 提升企业核心竞争力。 11月21日，国务院国资委组织召开中央企业专业化整合推进会并举行重点项目签约仪式，深入学习领会 习近平总书记重要指示批示精神，贯彻落实党的二十届四中全会关于推进国有经济布局优化和结构调整 的重要部署，总结前一阶段专业化整合工作进展成效，组织重点项目签约，明确当前阶段新任务新要 求。 ...

国务院国资委11月21日组织召开中央企业专业化整合推进会并举行重点项目签约仪式。会议指出，去年 以来，中央企业通过专业化整合，优化产业布局，提高资源配置效率，提升企业核心竞争力。会议要求 中央企业坚持主动谋划、加强集团战略引领，坚持防范内卷、优化行业资源配置，坚持提升本领、增强 战新整合能力，坚持融合为本、打造一体化竞争优势，坚持协同推进、形成整体工作合力。8组17家单 位分两批进行了重点项目集中签约，主要涉及新材料、人工智能、邮轮运营、检验检测、航空物流等关 键领域。航空工业集团、中国石化、中国一汽、中国五矿、华润集团、中国建材等6家中央企业作了交 流发言。（国务院国资委） ...

Group 1 - Norwegian Cruise Line Holdings (NCLH) stock price fell by 7.6% in early trading on Tuesday [1] - The company reported third-quarter revenue of $2.94 billion, which was below the FactSet consensus estimate of $3.02 billion [1]

Core Insights - The central enterprises in China have shown significant growth in assets and profits during the "14th Five-Year Plan" period, with total assets increasing from less than 70 trillion yuan to over 90 trillion yuan and total profits rising from 1.9 trillion yuan to 2.6 trillion yuan, reflecting an annual growth rate of 7.3% and 8.3% respectively [2][3] Group 1: High-Quality Development - The quality and efficiency of central enterprises have improved, with the operating income profit margin increasing from 6.2% to 6.7% and labor productivity rising from 594,000 yuan to 817,000 yuan per employee per year [2][3] - Central enterprises have made significant strides in technological innovation, with R&D expenditure exceeding 1 trillion yuan for three consecutive years and the investment intensity increasing from 2.6% to 2.8% [2][3] Group 2: Modern Industrial System - Progress has been made in building a modern industrial system, with a focus on strategic emerging industries such as new-generation information technology, new energy, and high-end equipment, leading to the creation of world-class industrial clusters [3][4] - The central enterprises have implemented over 800 application scenarios under the "AI+" initiative and established 1,854 smart factories, resulting in a reduction of energy consumption and carbon emissions per unit of output by 12.8% and 13.9% respectively [3][4] Group 3: Strategic Emerging Industries - Central enterprises have invested a total of 8.6 trillion yuan in strategic emerging industries during the "14th Five-Year Plan," significantly increasing their investment compared to the "13th Five-Year Plan" [4][5] - The revenue from strategic emerging industries is projected to exceed 11 trillion yuan in 2024, with contributions from new-generation information technology and high-end equipment sectors surpassing 1 trillion yuan each [5]