2024 is a critical year, which is not only a key year for the implementation of the 14th Five-Year Plan, but also a year for state-owned enterprises to deepen reform and upgrade. From January 11 to 12, the State-owned Assets Supervision and Administration Commission of the State Council held a meeting of heads of local SASAC in Beijing to summarize the work of state-owned assets and state-owned enterprises in 2023 and study and deploy key tasks in 2024.
For local state-owned enterprises, the State-owned Assets Supervision and Administration Commission of the State Council will focus on seven aspects: strengthening value creation, implementation and effectiveness, innovation-driven, transformation and upgrading, state-owned assets supervision, risk prevention and control, and political guidance in 2024. For central enterprises, the State-owned Assets Supervision and Administration Commission (SASAC) has previously made a specific arrangement of "six efforts" such as focusing on improving quality and efficiency, focusing on increasing scientific and technological innovation, and focusing on promoting layout optimization and structural adjustment, and proposed to focus on improving the "five values" such as functional value, economic added value, income and added value proportion of strategic emerging industries.
Experts believe that the work deployment of local state-owned enterprises in 2024 is consistent with the deployment of central enterprises by the State-owned Assets Supervision and Administration Commission (SASAC), and they all focus on enhancing core functions and improving core competitiveness. Among them, intensifying scientific and technological innovation, developing strategic emerging industries, and promoting the optimal allocation of state-owned capital will become the focus of the central and local state-owned enterprises this year.
In the first 11 months of 2023, the total profit of state-owned enterprises increased by 6.4% year-on-year
In 2023, the work of local SASAC and state-owned enterprises will make new positive progress and obvious results, and the economic benefits will be significantly improved, which will effectively promote the economic recovery.
According to the data, from January to November, the operating income of local supervised enterprises was 35.6 trillion yuan, a year-on-year increase of 5.9%, the total profit was 1.6 trillion yuan, a year-on-year increase of 6.4%, the added value was 6.5 trillion yuan, a year-on-year increase of 3.5%, the investment in fixed assets was 4.9 trillion yuan, a year-on-year increase of 4.5%, and the R&D investment was more than 480 billion yuan, a year-on-year increase of 16.7%.
At the same time, the effective investment in state-owned enterprises under local supervision has grown rapidly. In January ~ November 2023, the investment in fixed assets will be 4.9 trillion yuan, a year-on-year increase of 4.5%, 1.6 percentage points higher than the average growth rate of social investment. R&D investment was more than 480 billion yuan, a year-on-year increase of 16.7%, a significant increase.
The meeting believed that in 2023, the new round of reform organization will be strongly promoted, the key reform tasks will continue to deepen, the special projects will be expanded and improved, and the vitality and efficiency of enterprises will be effectively improved. Investment in scientific research has been greatly increased, collaborative innovation has been solidly promoted, innovation achievements have continued to emerge, and innovation policies have been accelerated and improved. The layout of strategic emerging industries has been accelerated, the transformation and upgrading of traditional industries have been accelerated, and the strategic restructuring and professional integration have been steadily promoted to better support the construction of a modern industrial system.
The regulatory system has been further improved, the regulatory methods have been further optimized, the joint force of supervision has been further enhanced, risk prevention and control has been further strengthened, and the state-owned assets supervision system has been continuously optimized. State-owned Assets Supervision and Administration Commissions (SASACs) and state-owned enterprises (SOEs) in various regions have made every effort to ensure the security of national energy resources, taken the lead in helping rural revitalization and ensuring the improvement of people's livelihood, actively participated in emergency rescue and disaster relief, and effectively played a strategic supporting role in the state-owned economy.
Clarify the seven key tasks of state-owned enterprises in 2024
At the meeting of the heads of central enterprises held by the State-owned Assets Supervision and Administration Commission of the State Council, Zhang Yuzhuo, director of the State-owned Assets Supervision and Administration Commission of the State Council, proposed that in 2024, all central enterprises should further promote the implementation, make overall arrangements for progress, seek breakthroughs in key and difficult tasks, and strive to complete more than 70% of the main tasks of the deepening and upgrading of the reform of state-owned enterprises.
The meeting made the latest arrangements for state-owned assets and state-owned enterprises to carry out the deepening and upgrading of state-owned enterprise reform. The meeting pointed out that it is necessary to adhere to the overall goal of becoming stronger, better and more state-owned enterprises, promote enterprises to continuously enhance their core functions, improve their core competitiveness, and effectively play the role of stabilizer and ballast of the national economy. We must focus on institutional, mechanical, structural, and functional issues, and take advantage of the momentum to promote the deepening and upgrading of the reform of state-owned enterprises. It is necessary to further strengthen strategic awareness and functional orientation, promote state-owned enterprises to achieve high-level organic unity of economic, political and social attributes, and better play the strategic supporting role of the state-owned economy.
The State-owned Assets Supervision and Administration Commission (SASAC) put forward the "Seven Strengthenings" at the meeting of the heads of local SASACs, requiring state-owned enterprises to further strengthen their efforts in seven areas: value creation, implementation and effectiveness, innovation driven, transformation and upgrading, state-owned assets supervision, risk prevention and control, and political guidance.
The meeting proposed that in 2024, the work of state-owned assets and state-owned enterprises should be strengthened in seven aspects, including: strengthening value creation and guiding enterprises to effectively shift the focus of development to value creation and connotative growth; Promote the optimal allocation of state-owned capital at a deeper level, optimize the tracking and evaluation system of reform progress, strengthen innovation-driven, accelerate the collaborative research of key core technologies, and effectively strengthen the main position of enterprises in scientific and technological innovation; strengthen transformation and upgrading, accelerate the transformation and upgrading of traditional industries, actively and orderly develop strategic emerging industries, and actively cultivate and incubate future industries; strengthen the supervision of state-owned assets, and effectively strengthen the professionalism and effectiveness of state-owned assets supervision. Systematic; Strengthen risk prevention and control, highlight the handling of debt risks, strictly control risks in key areas, strengthen political guidance, and create a good environment for entrepreneurship in state-owned enterprises.
The meeting pointed out that it is necessary to strengthen value creation, achieve high-quality and stable growth, establish a clear orientation for value creation, guide enterprises to effectively shift the focus of development to value creation and connotative growth, give full play to the leading role of state-owned enterprises, and constantly discover, cultivate and create new economic growth points.
In addition, scientific and technological innovation has become a key word for the reform and development of state-owned enterprises in 2024. The meeting stressed that it is necessary to put scientific and technological innovation in a more prominent position, promote state-owned enterprises to speed up the pace of tackling key core technologies, and better promote high-level scientific and technological self-reliance and self-reliance. Based on the development of the real economy, we must promote state-owned enterprises to accelerate the transformation and upgrading of traditional industries, vigorously develop strategic emerging industries and future industries, and strongly support the construction of a modern industrial system on the mainland. It is necessary to focus on institutional, mechanical, structural, and functional issues, take advantage of the momentum to promote the deepening and upgrading of the reform of state-owned enterprises, and inject strong impetus into promoting the high-quality development of state-owned enterprises.
In terms of risk prevention and control, the meeting of the heads of local SASAC convened by the State-owned Assets Supervision and Administration Commission of the State Council once again reiterated that it is necessary to strengthen risk prevention and control, guide enterprises to continue to do a good job in major risk assessment monitoring and timely disposal, highlight the disposal of debt risks, strictly control risks in key areas, further improve the risk prevention and control mechanism, and firmly guard the bottom line of no major systemic risks.
Strategic emerging industries will become the main battlefield of central and local state-owned enterprises
Strategic emerging industries represent the direction of a new round of scientific and technological revolution and industrial transformation, and are the key areas for cultivating and developing new momentum and gaining new competitive advantages in the future.
The State-owned Assets Supervision and Administration Commission of the State Council held a meeting of the heads of the local SASAC to strengthen transformation and upgrading, vigorously promote new industrialization, promote enterprises to further focus on the main industry, accelerate the transformation and upgrading of traditional industries, vigorously promote the high-end, intelligent and green development of traditional industries, actively and orderly develop strategic emerging industries, actively cultivate and incubate future industries, and better serve the construction of a modern industrial system.
Wanwang noted that the meeting of the heads of the local SASAC and the recent meeting of the heads of central enterprises focused on scientific and technological innovation, strategic emerging industries, and the optimal allocation of state-owned capital. According to relevant data from the State-owned Assets Supervision and Administration Commission, from January to November 2023, central enterprises have completed a total investment of 1.6 trillion yuan in strategic emerging industries, a year-on-year increase of 31.8%.
For central enterprises, the State-owned Assets Supervision and Administration Commission (SASAC) requires to highlight the "six focuses", including focusing 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.
When it comes to scientific and technological innovation, the State-owned Assets Supervision and Administration Commission (SASAC) requires central enterprises to focus on increasing the intensity of scientific and technological innovation, comprehensively implement the new national system, vigorously improve the overall efficiency of innovation, systematically optimize the innovation ecology, and better play the role of enterprises in scientific and technological innovation.
At the same time, in 2024, central enterprises should pay more attention to improving 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 transformation to innovation-driven connotative growth, vigorously promote new industrialization, create new industrial pillars, and increase efforts to develop new quality productivity.
One picture to understand|2024 key tasks for the reform and development of local state-owned enterprises