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研发投入超万亿、持续布局新兴产业 央企深改凸显科技“硬实力”
Bei Jing Shang Bao· 2025-09-17 13:33
Core Insights - The "14th Five-Year Plan" has seen central enterprises' total assets increase from less than 70 trillion yuan to over 90 trillion yuan, with total profits rising from 1.9 trillion yuan to 2.6 trillion yuan, reflecting annual growth rates of 7.3% and 8.3% respectively [2][3][4] - The focus on technological innovation has led to R&D expenditures exceeding 1 trillion yuan for three consecutive years, with an increase in investment intensity from 2.6% to 2.8% [5][6] - Central enterprises have strategically invested 8.6 trillion yuan in emerging industries during the "14th Five-Year Plan," significantly enhancing their capabilities in sectors like integrated circuits and biotechnology [7][8] Financial Performance - Central enterprises' total assets have surpassed 90 trillion yuan, with profits increasing to 2.6 trillion yuan, indicating a strong financial performance during the "14th Five-Year Plan" [2][3] - The operating income profit margin has improved from 6.2% to 6.7%, showcasing enhanced quality and efficiency [3] R&D and Innovation - R&D spending has consistently exceeded 1 trillion yuan, contributing to significant advancements in key technologies and the establishment of 474 national-level R&D platforms [5][6] - Central enterprises have made breakthroughs in critical technologies, including those in the fields of integrated circuits and industrial software, enhancing their innovation capabilities [6][7] Strategic Development - The focus on strategic emerging industries has led to a cumulative investment of 8.6 trillion yuan, with notable growth in sectors such as new energy vehicles and advanced manufacturing [7][8] - The "AI+" initiative aims to further integrate artificial intelligence into central enterprises, enhancing their competitiveness and resilience in the global market [8] Future Outlook - Central enterprises are expected to continue their reform and innovation efforts, aiming for a transition from quantitative expansion to qualitative improvement, thereby strengthening their core competitiveness and supporting national technological independence [8]
“十四五”以来中央企业资产总额从不到70万亿元增至超过90万亿元
Mei Ri Jing Ji Xin Wen· 2025-09-17 13:31
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]
新华社权威速览·非凡“十四五”丨五个“新”看国资央企取得的开创性、历史性成就
Xin Hua Wang· 2025-09-17 06:01
17日举行的"高质量完成'十四五'规划"发布会上,国务院国有资产监督管理委员会主任张玉卓介绍砥砺奋进"十四时期是国资央 企改革发展历程中极为重要的五年,他用五个"新"介绍了国资央企迎难而上、砥砺奋进,推动改革发展和党的建设各项工作取得了 开创性、历史性的重要成就。跟随海报,一起了解。 现代化产业体系建设取得 新质生产力培育逐渐积厚成 央企产业焕新行动、未来产业启航行动、启航企业培 深入实施 "AI+"专项行动累计布局应用场景超过800个 数字化转型行动打造智能工厂1854个 高端化、智能化、绿色化正在成为中央企业的鲜明特征 新华社权威速览 ·非风·"十四" 深化改革展现新气身 现代新国企加速成- 布局结构不断优化 6组10家企业实施战略性重组,9家新的中央企业组 中国特色现代企业制度进一步完善 党的领导融入公司治理更加制度化规范化 新华社权威速览 · 非风 " 科技创新实现 (突破 企业创新主体作用得到更好分 研发经费连续三年超过万亿元 投入强度从2.6%提升到2.8% 集成电路、工业母机、工业软件等领域 一批"卡脖子"关键核心技术集中攻克 婦蛾六号、梦想号、奋斗者号、深地一号等 一批"大国重器"捷报频传 C ...
七部门出台金融支持新型工业化指导意见
Group 1 - The People's Bank of China and other regulatory bodies have issued guidelines to support new industrialization through financial integration and targeted investment initiatives [1][2] - The guidelines emphasize the importance of enhancing technological innovation capabilities and supply chain resilience in key industries, with a focus on long-term financing for critical technologies [1][3] - There is a push for increased financial support for emerging industries such as information technology, industrial software, and biotechnology, with specific measures to facilitate financing in these sectors [1][2] Group 2 - The guidelines propose the implementation of a "Technology-Industry Financial Integration" initiative, which includes monthly investment roadshows and support for specialized small and medium enterprises [2] - Financial institutions are encouraged to expand technology loan offerings and enhance the underwriting of technology innovation bonds to support the growth of new industries [2] - The guidelines also call for improved coordination between financial and industrial policies, with a focus on monitoring credit to the manufacturing sector and ensuring compliance with policy requirements [3]
中国人民银行等七部门联合印发《关于金融支持新型工业化的指导意见》
中汽协会数据· 2025-08-05 09:01
为深入贯彻党的二十届三中全会精神,落实全国新型工业化推进大会部署,加快金融强国和制造强国建设,近 日,中国人民银行、工业和信息化部、国家发展改革委、财政部、金融监管总局、中国证监会、国家外汇局联合印发 《关于金融支持新型工业化的指导意见》(以下简称《意见》)。 《意见》以习近平新时代中国特色社会主义思想为指导,坚持把金融服务实体经济作为根本宗旨和防范化解金融 风险的根本举措,聚焦新型工业化重大战略任务,以需求牵引深化金融供给侧结构性改革,强化产业政策和金融政策 协同,为推进新型工业化、加快发展新质生产力提供高质量金融服务,坚持分类施策、有扶有控,推动产业加快迈向 中高端,防止"内卷式"竞争。到2027年,支持制造业高端化智能化绿色化发展的金融体系基本成熟,服务适配性有效 增强。 《意见》加强金融服务能力和长效机制建设,促进保持制造业合理比重投入。健全金融机构服务制造业的内部机 制安排,单列制造业信贷计划,针对细分行业和企业成长阶段特点制定差异化授信政策。双向培养科技产业金融复合 型人才队伍,鼓励金融机构打造复合型的金融管理和服务团队。建立完善跨部门协同推进、政策激励约束、地方政策 配套、风险协同防控等4方面机 ...
中金:A股资金面的五大变化和市场含义
中金点睛· 2025-07-20 23:21
Core Viewpoint - The A-share market is experiencing significant changes in its funding landscape, which are crucial for understanding market dynamics and future prospects [2][66]. Group 1: Changes in Funding Landscape - Change 1: The restructuring of the monetary order is leading to a shift in asset allocation, with Chinese assets benefiting relatively [5][11]. - Change 2: The proportion of individual investors in the A-share market has increased, indicating a shift in investor structure [23][24]. - Change 3: The growth in household savings, combined with an "asset shortage," is enhancing the relative attractiveness of the stock market [32][33]. Group 2: Market Dynamics and Investor Behavior - Change 4: The improvement in the funding structure and profitability effects is leading to a positive feedback loop in the market [51][56]. - Change 5: Many institutional investors have low positions in A-shares, which may present potential bullish opportunities [6][59]. Group 3: Market Valuation and Attractiveness - The current valuation of A-shares, in terms of equity risk premium and dividend yield, remains attractive compared to historical levels [37][40]. - The total market capitalization of A-shares relative to money supply and household savings is still at historically low levels, suggesting room for growth [44][45]. Group 4: Future Market Outlook - The mid-term market performance will be determined by fundamentals, but the influence of funding flows should not be underestimated, especially in the context of the current favorable funding changes [66]. - If the market continues to attract incremental capital, it may lead to an increase in risk appetite, benefiting various sectors, particularly those with high growth potential [67].
【涨知识】“专精特新”企业可以享受哪些税收优惠政策?
蓝色柳林财税室· 2025-06-09 15:17
Core Viewpoint - The article emphasizes the importance of government policies aimed at fostering the development of specialized, refined, distinctive, and innovative enterprises through various tax incentives and support measures. Group 1: VAT Refund Policies - Eligible manufacturing and related industries can apply for a refund of incremental VAT credits starting from April 2022, with medium-sized enterprises eligible from May 2022 and large enterprises from June 2022 [1][2] - Eligible wholesale and retail industries can apply for a refund of incremental VAT credits starting from July 2022 [2] Group 2: VAT Deduction Policies - Advanced manufacturing enterprises can deduct an additional 5% of their deductible input VAT from their payable VAT from January 1, 2023, to December 31, 2027 [7] - Integrated circuit enterprises can deduct an additional 15% of their deductible input VAT from their payable VAT during the same period [8] - Industrial mother machine enterprises can also deduct an additional 15% of their deductible input VAT from their payable VAT from January 1, 2023, to December 31, 2027 [9] Group 3: R&D Expense Deduction Policies - Enterprises conducting R&D can deduct 100% of their actual R&D expenses from taxable income starting January 1, 2023, with a 200% deduction for expenses that form intangible assets [13] - Integrated circuit and industrial mother machine enterprises can deduct 120% of their actual R&D expenses from taxable income from January 1, 2023, to December 31, 2027, with a 220% deduction for expenses that form intangible assets [14] Group 4: Equipment Deduction Policy - From January 1, 2024, to December 31, 2027, enterprises can deduct the full cost of newly purchased equipment and instruments valued at no more than 5 million yuan in the current period, without annual depreciation [18] Group 5: High-tech Enterprise Tax Incentives - High-tech enterprises that are prioritized for support by the state will be taxed at a reduced corporate income tax rate of 15% [21]