(Source: State-owned Assets Supervision and Administration Commission of the State Council)
From December 25th to 26th, the State-owned Assets Supervision and Administration Commission of the State Council held a meeting of the heads of central enterprises to summarize the work of state-owned central enterprises in 2023 and study and deploy key tasks in 2024.
The meeting emphasized that in order to better promote high-quality development, in 2024, the SASAC will maintain the target management system of "one profit and five rates" for central enterprises as a whole, and the specific requirements are "stable growth of one profit and continuous optimization of five rates". The meeting also emphasized that enterprises should focus on enhancing core functions and improving core competitiveness, highlight key points, grasp the key, and pay more attention to improving the value of five aspects, including paying more attention to improving added value and improving economic added value.
The target management system of "one profit and five rates" remains unchanged
At the annual meeting of the heads of central enterprises, the assessment indicators for the following year are clarified. This has also become one of the most concerned contents of all parties.
The meeting emphasized that in order to better promote high-quality development, in 2024, the SASAC will maintain the target management system of "one profit and five rates" for central enterprises as a whole, and the specific requirements are "stable growth of one profit and continuous optimization of five rates", that is, the efficiency of central enterprises has been steadily improved, the total profit, net profit and net profit attributable to the parent company have grown synergistically, the return on net assets, labor productivity of all employees, and the operating cash ratio have improved year-on-year, the intensity of R&D investment and the efficiency of scientific and technological output have continued to increase, and the overall asset-liability ratio has remained stable.
Zhou Lisha, research director of the China Modern State-owned Enterprise Research Institute of Tsinghua University, told reporters that this year's Central Economic Work Conference once again proposed to establish first and then break down, reflecting the plan before acting, step by step, and steady progress. Whether it is to adjust the policy, or to promote the reform, we must grasp the timeliness, with the development of the method to solve the problems in development, the meeting for the 2024 central enterprise assessment indicators of the arrangement is to cultivate and grow the increment to adjust and optimize the stock, in line with the spirit of the Central Economic Work Conference. Zhou Lisha said that compared with the "one profit and five rates" indicator in 2023, the scientific research investment rate indicator in 2024 will be adjusted to "R&D investment intensity and scientific and technological output efficiency", which not only emphasizes scientific research investment, but also emphasizes scientific research output. This shows that the current scientific and technological innovation output with enterprises as the main body should emphasize more on the transformation stage of scientific and technological achievements of scientific and technological innovation, the industrialization stage, and the development mode of enterprise-oriented, market-oriented, and in-depth combination of production, education and research.
Hu Chi, a researcher at the Research Center of the State-owned Assets Supervision and Administration Commission of the State Council, told reporters that the management index system remains unchanged on the whole, which shows that the index system is useful on the one hand, and on the other hand, it is also a process of gradual fixation after continuous exploration in the early stage. At present, the central enterprises are speeding up the construction of world-class, and the overall management index system remains unchanged, which is conducive to the anchoring of the established development direction of the enterprise.
Wu Gangliang, a researcher at the China Enterprise Reform and Development Research Association, told reporters that the meeting proposed that "in 2024, the SASAC will maintain the target management system of 'one profit and five rates' for central enterprises as a whole" is a major attraction, which is conducive to the sustainability and stability of enterprise management. However, the internal requirements of the assessment will change, and the development goal of the central enterprise will change from "one increase, one stability and four improvements" in 2023 to "one profit and stable growth, and five rates will continue to be optimized" in 2024.
The meeting emphasized that it is necessary to do a solid job in the key work of the reform and development of central enterprises in 2024, and highlight the "six focuses", that is, to focus on improving quality and efficiency, focusing on increasing scientific and technological innovation, focusing on promoting layout optimization and structural adjustment, focusing on deepening the reform of state-owned assets and state-owned enterprises, focusing on enhancing the ability of strategic support and support, and focusing on preventing and resolving major risks.
Five "more" release new signals
The meeting emphasized that enterprises should focus on enhancing core functions and improving core competitiveness, highlight key points, grasp the key, and pay more attention to enhancing the value of five aspects.
That is, pay more attention to improving the added value, further establish the correct concept of development and political performance, unswervingly develop and expand the state-owned economy, and improve the contribution of central enterprises to the growth of the national economy;
Pay more attention to improving functional value, further strengthen strategic awareness and functional orientation, realize the organic unity of economic, political and social attributes at a high level, and better reflect the status and role in serving the national strategic goals and the overall situation of modernization;
Pay more attention to improving the added value of the economy, optimize the direction and layout of capital investment, resolutely curb the impulse of blind investment, reduce the occupation of inefficient and ineffective capital, form more profitable income and cash flow profits, and improve the efficiency and quality of enterprise operation;
Pay more attention to increasing the proportion of income and added value of strategic emerging industries, further enhance the sense of crisis and urgency of accelerating industrial upgrading and building a modern industrial system, accelerate the shift to innovation-driven connotative growth, vigorously promote new industrialization, build new industrial pillars, and increase efforts to develop new quality productivity;
Pay more attention to enhancing brand value, establish high goal pursuit, pay attention to off-balance sheet assets, continuously improve the added value of corporate brand and brand leadership, accelerate the construction of world-class enterprises, continue to become stronger, better and bigger in serving the national strategy, and better promote the implementation of the Party Central Committee's decision-making and deployment in state-owned central enterprises.
Wu Gangliang said that the meeting proposed to pay more attention to improving the added value, pay attention to the quality of investment, income quality, profit quality, which is to show that the policy to guide the central enterprises to improve the efficiency and quality of enterprise operation.
In addition, the meeting proposed to pay more attention to enhancing brand value, establishing high goal pursuit, paying attention to off-balance sheet assets, and continuously improving the added value of corporate brands and brand leadership, which means that the "brand leading action", one of the four special actions for benchmarking world-class enterprises, is expected to accelerate.
Zhou Lisha said that there are clear requirements for the proportion of income and added value of strategic emerging industries. At present, there is a convergence phenomenon at the industrial level in promoting the layout of emerging strategic industries, and in the selection of industries, they are aimed at a few emerging industries and industries with strong driving force. Enterprises should do a good job in industrial layout planning to avoid certain failures and wastes caused by market players entering the competition after the market capacity of the industry is reduced in the future.
In the first 11 months, the total profit of central enterprises was 2.4 trillion yuan
According to the information released by the State-owned Assets Supervision and Administration Commission of the State Council, from January to November 2023, the total profits of central enterprises will be 2.4 trillion yuan, the cumulative investment in fixed assets will be 4.1 trillion yuan, a year-on-year increase of 9.1%, and the R&D investment will be more than 900 billion yuan, an increase of nearly 70 billion yuan year-on-year.
The meeting pointed out that in 2023, the value creation orientation of central enterprises will be more distinct, the quality of enterprise development will be better and the foundation will be more solid; the layout of modern industries will be comprehensively accelerated, the layout of strategic emerging industries and future industries will be unprecedented, the upgrading and transformation of traditional industries will be accelerated and improved, and the guarantee of important energy resources will be continuously strengthened; the intensity of scientific and technological innovation will be significantly increased, and the main position of scientific and technological innovation, the construction of innovation system, and the output of innovation achievements of enterprises will continue to be strengthened.
The meeting also pointed out that in 2023, the deepening and upgrading of the reform of state-owned enterprises will be launched, the implementation of key reform tasks will be accelerated, and the efficiency of regulatory services will be continuously improved. The party's leadership and party building have been further strengthened, ideological and political guidance has been continuously strengthened, the quality of party building work has been further improved, the uprightness, discipline and anti-corruption have continued to be strict, and the political ecology of clean and upright has been continuously consolidated.
Editor-in-charge: Yang Yucheng
Proofreading: Wang Wei