Zhejiang's state-owned economy is running smoothly The revenue of provincial enterprises in the first three quarters exceeded one trillion yuan

Hangzhou, October 26 (Reporter Huang Hui) Reporter learned from the State-owned Assets Supervision and Administration Commission of Zhejiang Province on the 26th that in the first three quarters of this year, Zhejiang's state-owned economy operated steadily and improved in quality, and the main indicators reached the best level in the same period of history.

According to the data, from January to September this year, the enterprises supervised by the State-owned Assets Supervision and Administration Commission at the Zhejiang And Municipal Levels achieved a cumulative operating income of 1,593.48 billion yuan (RMB, the same below), and the total profit achieved was 71.12 billion yuan, an increase of 41.7% and 38.7% respectively year-on-year, an increase of 54.3% and 38.8% over the same period in 2019. Among them, the provincial enterprises supervised by the State-owned Assets Supervision and Administration Commission of Zhejiang Province achieved operating income of 1.17 trillion yuan, and the first revenue in the first three quarters exceeded 47.9% year-on-year; the total profit achieved was 40.5 billion yuan, an increase of 29.4% year-on-year.

The main indicators have increased significantly

In the first three quarters, zhejiang enterprises actively seized market opportunities and worked hard to expand market share, and the scale of production and operation continued to expand, with operating income increasing by 47.9% year-on-year, an increase of 66.8% over the first three quarters of 2019, and an average growth of 29.1% in two years. Among them, 15 companies achieved positive revenue growth year-on-year, and 3 companies increased by more than 50%. Trade enterprises such as Zhongda and Hangzhou Steel Commerce and Trade achieved a year-on-year increase of 55.2% in revenue through market expansion, excellent service and fast turnover, contributing more than 61% to the overall revenue.

At the same time, the enterprises in Zhejiang Province have deepened the improvement of quality and efficiency, and the operating efficiency has grown steadily. In the first three quarters, enterprises in Zhejiang Province achieved profits of 40.5 billion yuan, an increase of 29.4% year-on-year, an increase of 23.2% over the third quarter of 2019, and an average increase of 11% in two years.

In the first three quarters, the asset scale of enterprises in Zhejiang Province continued to maintain rapid growth, with total assets of 1,832.39 billion yuan and net assets of 658.46 billion yuan by the end of September, an increase of 18.1% and 12.1% respectively year-on-year.

From the analysis of relevant indicators, the quality of enterprise asset operation is relatively stable. From January to September, the annualized return on net assets of enterprises in Zhejiang Province was 6.7%, which was basically the same as that in the same period in 2019; the annualized total asset turnover rate was 0.9 times, an increase of 0.2 times year-on-year, and an increase of 0.1 times over the same period in 2019.

In addition, the asset securitization of enterprises in Zhejiang Province has been steadily advancing, since the beginning of this year, Zhejiang Xinneng has achieved IPO, Zhejiang Construction Group has fully completed the overall listing work, and the IPO of the main board of the property medium and large spin-off property and environmental energy and the IPO project of Zhenyang Development were approved by the Issuance and Review Committee of the Csrc commission in September. At present, there are 21 listed companies in Zhejiang Province, and the asset securitization rate exceeds 65%.

Multiple measures should be taken to expand investment

Since the beginning of this year, enterprises in Zhejiang Province have focused on the main business, highlighted the industry, and taken multiple measures to stabilize investment and enhance the potential of enterprise development.

In the first three quarters, zhejiang provincial enterprises completed a total of 112.5 billion yuan in fixed asset investment and equity investment, of which more than 70 billion yuan was invested in fixed assets. According to the provincial enterprise major investment project database monitored by the State-owned Assets Supervision and Administration Commission of Zhejiang Province, the 140 major projects in the warehouse have completed a total investment of 83.4 billion yuan in the first three quarters. Among them, 71 projects included in the "4+1" major project plan of Zhejiang Province have completed an investment of 76 billion yuan, and a number of major infrastructure and key industrial projects have been accelerated.

From the perspective of enterprises, Six functional enterprises, including Zhejiang Transportation Group, Zhejiang Energy Group and Zhejiang Airport Group, have completed a total investment of 63.3 billion yuan in fixed assets.

For example, in the first three quarters, Zhejiang Provincial Transportation Group added 272.5 kilometers of railway and rail transit operating mileage, 61.7 kilometers of new highway operating mileage, Jintai Railway, Hangzhou-Haizhou Intercity Railway and a number of other projects were completed and opened to traffic; Zhejiang Provincial Energy Group accelerated the optimization of energy structure, expanded the field of energy services, built 203 comprehensive service energy supply stations in Zhejiang Province, put into operation 174, Sanmen-Shengzhou, Linhai-Xianju natural gas pipeline projects, etc. were completed and put into operation; as an important basic supporting project for the Hangzhou Asian Games, The third phase of the Hangzhou Airport project, which belongs to Zhejiang Airport Group, has been accelerated.

From the perspective of investment fields, enterprises in Zhejiang Province have also focused on increasing investment in high-end equipment manufacturing, new materials, new energy, digital economy and other industrial fields. For example, the main project of Zhejiang Huarui Aviation Manufacturing Project, a landmark project of Zhejiang Aviation Large Parts Manufacturing Industry, was started with a total investment of about 10 billion yuan, mainly engaged in the manufacture of large structural parts of aviation composite materials.

Give play to the function of state-owned enterprises

Zhejiang provincial enterprises also provided strong support for promoting the stable operation of the economy and society, achieving a gross labor product of 114.6 billion yuan in the first three quarters, an increase of 29.2% year-on-year; the cumulative tax paid was 25.9 billion yuan, an increase of 34.5% year-on-year, an increase of 22.8% over the same period in 2019.

Zhejiang provincial enterprises also actively integrate into the national and regional development strategies, for example, around the integrated development of the Yangtze River Delta, Zhejiang Provincial Transportation Group led the establishment of Zhejiang Yangtze River Delta Investment Co., Ltd., jointly promoting the investment and construction of major projects in the integrated development of the Yangtze River Delta; Zhejiang Provincial State-owned Assets Operation Company promoted the establishment of the Yangtze River Delta Zhejiang International Financial and Trade Service Center, focusing on building Zhejiang's foreign investment window and offshore finance and trade interface...

Specifically, for example, in terms of energy supply such as coal and electricity, Zhejiang Energy Group generated 129.7 billion kWh of electricity in the first three quarters, coal supply was 55.37 million tons, natural gas supply was 11.4 billion cubic meters, an increase of 30%, 17.7%, 60.3% year-on-year, refined oil sales of 440,000 tons, an increase of 101.4%, heat supply of 20.89 million tons, an increase of 15.9%. At the same time, Zhejiang Provincial Energy Group, Juhua Group and other enterprises in Zhejiang Province actively benchmark the "double carbon" target, increase investment in environmental protection, and accelerate green transformation.

In terms of promoting the smooth flow of transportation, Ningbo Zhoushan Port completed a cargo throughput of 920 million tons and a container throughput of 23.97 million TEUs in the first three quarters, an increase of 4.1% and 12.2% year-on-year. The air passenger throughput and air cargo and mail throughput of Zhejiang Airport Group were 41.72 million passengers and 846,000 tons respectively, an increase of 24.5% and 18.4% respectively year-on-year. The import and export traffic volume of Zhejiang Provincial Transportation Group's expressway reached 550 million units, an increase of 17.1% year-on-year.

The State-owned Assets Supervision and Administration Commission of Zhejiang Province said that Zhejiang state-owned assets and state-owned enterprises will closely follow the service of Zhejiang's major strategies and economic and social development, deeply promote the three-year action of state-owned enterprise reform, keep an eye on the annual goals and tasks, strive to hand over the annual high-score report of state-owned assets and state-owned enterprises, strive to achieve a good start in the "Fourteenth Five-Year Plan", and play a greater role in Zhejiang's high-quality development and construction of a common prosperity demonstration zone and strive to create a pioneer province of socialist modernization. (End)

Source: China News Network