Last year, the net profit of 1.3 trillion yuan was achieved

In 2019, the operating revenue of central enterprises reached 30.8 trillion yuan, an increase of 5.6% year on year; the net profit reached 1.3 trillion yuan, an increase of 10.8% year on year. Recently, the State Council Office of the people's Republic of China held a press conference on the economic operation of central enterprises in 2019. According to the data, the economic operation of central enterprises in 2019 remained stable and progressive. At the same time of increasing benefit, the operation of central enterprises also shows the prominent characteristics of increasing efficiency, power and contribution. Efficiency increase - the profit margin of central enterprises' operating revenue last year was 6.1%, up 0.1 percentage point year on year. Based on the sales revenue of 30 trillion yuan, 0.1 percentage point is equivalent to 30 billion yuan of profit, which means that the profitability of the central enterprise's main business is continuously enhanced. At the same time, the rate of return on state-owned capital increased by 0.2 percentage points to 5.2%, and the level of return on shareholders further improved; the total labor productivity increased by 5.7% year-on-year, and the per capita income increased by 9% year-on-year.

All these data show that the operation efficiency of central enterprises is continuously improving. Power increase: central enterprises completed fixed asset investment of 2.8 trillion yuan, a year-on-year increase of 7.6%, an increase rate of 2.7 percentage points faster than that of the previous year. At the same time, R & D investment was further increased, and the development of strategic emerging industries was also accelerating. The reporter learned that in order to better highlight the quality and efficiency, and adapt to the demand of high-quality development, in 2020, the central enterprise added two indicators of operating income profit margin and R & D investment intensity. Contribution increased - last year, central enterprises paid 2.2 trillion yuan of taxes, an increase of 3.6% year on year. Telecommunication enterprises have implemented the requirements of speed-up and fee reduction, the average rate of flow tariff has decreased by more than 30%, and the fee has decreased by about 460 billion yuan; power grid enterprises have implemented the policy of price reduction, the general industrial and commercial price has decreased by 10% compared with the beginning of the year, and the social electricity cost has been reduced by 53 billion yuan. At the same time, the asset liability ratio of enterprises continued to decline. At the end of 2019, the average asset liability ratio of central enterprises was 65.1%, down 0.6 percentage points from the beginning of the year and 1.6 percentage points from the beginning of 2017.

Among them, the asset liability ratio of metallurgy, electric power, mining, construction and other industries decreased by more than 1 percentage point over the beginning of the year. "From these data, we can see that the development of central enterprises has not only achieved reasonable growth in quantity, but also achieved steady improvement in quality, and the foundation for high-quality development has been further consolidated." Peng Huagang, Secretary General of the state owned assets supervision and Administration Commission of the State Council, said. As an important work of the reform of state-owned enterprises, in 2019, the adjustment of the layout and structure of state-owned enterprises was further promoted, and poly, China Silk Road and the "North South ship" restructuring were launched one after another. Since the 18th National Congress of the Communist Party of China, the central enterprises have successively completed the reorganization of 22 groups of 41 enterprises. Peng Huagang said that in order to promote the structural adjustment of the layout of the state-owned economy in the future, we need to continue to do a good job in four "one batch": consolidate and strengthen one batch of important areas related to national security and the lifeblood of the national economy; strengthen investment in science and technology and innovate and develop one batch of strategic emerging industries; reorganize and integrate one batch, which will further promote the strategic restructuring of central enterprises this year, especially in the context of specialized restructuring Efforts: we need to clear up and exit a number of non main businesses that do not have a competitive advantage and inefficient and invalid assets. "This will enable us to better adjust the distribution structure and make the state-owned economy better subordinate to and serve the national strategy." Peng Huagang said.