In June this year, central enterprises achieved operating income of 2.9 trillion yuan and net profit of 166.48 billion yuan, up by 0.6% and 5% respectively.
In the face of the complicated environment, it is not easy for central enterprises to achieve positive growth in revenue and profit simultaneously. On the one hand, the excellent epidemic prevention and anti-epidemic achievements in China have created favorable conditions for the recovery of the national economy; On the other hand, the central enterprises have comprehensively deepened the work of improving quality and increasing efficiency, and made great efforts to expand the market, grasp production, control costs and stabilize investment.
At the press conference of the State Council Office held on July 16th, Peng Huagang, Secretary-General and spokesman of the State Council State-owned Assets Supervision and Administration Commission, introduced the specific situation of the economic operation of central enterprises in the first half of the year, and said that the economic operation of central enterprises had improved significantly, and the positive changes had increased significantly. In June, the income and profits of the same month achieved positive growth simultaneously.
In the first half of the year, the decline in revenue and profit was narrower than that in the first quarter, and both revenue and profit achieved positive growth in June.
In the first half of this year, most central enterprises were affected by the COVID-19 epidemic and encountered difficulties in stages. With the further consolidation of the epidemic prevention and control in China and the accelerated recovery of social production and living order, the production and operation of central enterprises have accelerated since May.
Peng Huagang introduced that in the first half of the year, the central enterprises realized a total operating income of 13.4 trillion yuan, down 7.8% year-on-year, and the decline was narrowed by 4 percentage points compared with the first quarter. The income decline has narrowed for three consecutive months; The accumulated net profit was 438.55 billion yuan, down 37.7% year-on-year, and the decline was 21.1 percentage points lower than that in the first quarter and 12.6 percentage points lower than that in January-May.
In June, central enterprises achieved positive growth in both operating income and net profit. Among them, the operating income was 2.9 trillion yuan, a year-on-year increase of 0.6%, and most enterprises have recovered or exceeded the same period level; The net profit was 166.48 billion yuan, an increase of 64.63 billion yuan compared with May and a year-on-year increase of 5%. It was also the first time this year that the monthly net profit increased positively.
Depending on the industry, the production and operation of key industries have been accelerated and gradually improved.
In the first half of the year, the steel output, crude oil output, power generation and electricity sales of central enterprises have recovered to more than 98% of the same period last year; The orders for new ships increased by 21.2% year-on-year, the installed power capacity increased by 5.1% year-on-year, the sales volume of commercial coal increased by 1.8% year-on-year, and the alumina output and new orders for power generation equipment maintained positive growth.
In the second quarter, the sales volume of refined oil products increased by nearly 40% compared with the first quarter, and it also increased compared with last year. In February, the electricity sales of the two power grid companies plummeted by 10.9% year-on-year, and gradually recovered and improved. In April, the decline narrowed to -1.3%, in May, it turned into a positive growth of 4.6%, and in June, it increased by 6.5% year-on-year.
"The marginal improvement in the physical quantity indicators of basic industries such as oil, electricity and coal reflects the continuous improvement of the national economy and also boosts confidence in the economic operation in the second half of the year." Peng Huagang said that there are also military industries, communications industries and construction industries that contribute a lot to profits.
Looking at enterprises, the operation tends to be stable, and the monthly income and profits of most enterprises have recovered or exceeded the same period.
There were 57 central enterprises whose income increased year-on-year in June, and 33 enterprises whose income increased by more than 10% in that month. The net profit of 58 central enterprises in June increased year-on-year, and that of 46 enterprises increased by more than 10%.
Peng Huagang believes that in the face of this year’s complicated environment, it is not easy for central enterprises to reach a new high in June. On the one hand, the excellent epidemic prevention and anti-epidemic achievements in China have created favorable conditions for the recovery of the national economy; On the other hand, the central enterprises have comprehensively deepened the work of improving quality and increasing efficiency, and made great efforts to expand the market, grasp production, control costs and stabilize investment.
In the first half of the year, the investment in fixed assets was 1 trillion yuan, reducing the operating cost of the whole society by more than 120 billion yuan.
In addition to the positive growth of income and profits, the investment of central enterprises has also taken the lead in achieving positive growth.
In the first half of the year, the central enterprises invested 1 trillion yuan in fixed assets, up 7.2% year-on-year, and the growth rate was 5.9 percentage points faster than that in January-May and 11.7 percentage points faster than that in the first quarter.
Since the full resumption of work in March, the monthly growth rate of fixed assets investment of central enterprises has been 4.1%, 11.8%, 13% and 21.2% respectively, showing an accelerating trend month by month. In the second quarter, the accumulated fixed assets investment was 673.07 billion yuan, up 14.8% year-on-year. By industry, the growth rate of fixed assets investment in power generation, automobile, communication, metallurgy and other industries exceeded 15% in the first half of the year.
In order to help revive Hubei after the epidemic, on June 3, relevant central enterprises and Hubei Province signed a total of 72 cooperation projects with a total investment of 327.7 billion yuan.
With steady investment, central enterprises will continue to exert their efforts. Peng Huagang introduced that in the second half of the year, we will continue to guide and support enterprises to focus on improving industrial basic capabilities, breaking through the weak links of key core technologies in the industrial chain, maintaining industrial chain security and other areas to increase investment, and seize investment opportunities in new infrastructure such as 5G, industrial internet and data centers, actively and orderly promote project construction, do a good job in reserves of high-quality investment projects, actively absorb social capital, and broaden financing channels.
Focusing on the "six guarantees" and the implementation of the "six guarantees" task, the central enterprises have also made every effort to help small and medium-sized enterprises fight the epidemic, reduce costs and tide over difficulties, and resolutely implemented the national policies of reducing electricity prices, gas prices, tariffs, tolls and rents. In the first half of the year, the cumulative operating costs of the whole society have been reduced by more than 120 billion yuan.
Peng Huagang analyzed the composition of this 120 billion yuan: "The two power grid enterprises reduced the user cost by 54 billion yuan, the three communication enterprises made profits by 42 billion yuan, and the three petroleum and petrochemical enterprises reduced the energy cost of downstream enterprises by 18 billion yuan. In addition, the accumulated rent reduction for small and micro enterprises also exceeded 4 billion yuan."
In the second half of the year, central enterprises will continue to support the development of small and medium-sized enterprises in three aspects: increasing the supply of basic oil, electricity and coal transportation; Continue to implement the policy of reducing fees and making profits; Strengthen cooperation with various enterprises, especially small and medium-sized enterprises in the industrial chain and supply chain, and use investment to promote the development of the entire industrial chain and supply chain. "Now we are actively carrying out the work of clearing the debts owed by central enterprises, especially those that have no differences with small and medium-sized enterprises, which should be returned as soon as possible." Peng Huagang said.
We will fully implement the "Three-year Action for the Reform of State-owned Enterprises" and strive to achieve the annual goal in five aspects in the second half of the year.
While speeding up the resumption of production and operation, the reform cannot stop. Recently, the 14th meeting of the Central Committee for Comprehensively Deepening Reform deliberated and adopted the "Three-year Action Plan for State-owned Enterprise Reform", and the prospect of state-owned enterprise reform in the next three years gradually became clear.
Peng Huagang introduced that the "Program" has four "highlights": First, it highlights the implementation and action, and puts forward clear task measures for the timetable and road map of state-owned enterprise reform in various key tasks, so that it can be quantified and assessed; The second is to focus on key points, fill shortcomings, strong and weak items, adhere to problem orientation, and propose targeted measures instead of covering everything; The third is to highlight system integration, coordination and high efficiency. Some reform tasks are difficult to be effective by one measure alone, so it is necessary to comprehensively use multiple measures and take a multi-pronged approach; Fourth, it is difficult to fight the annihilation war. The reform in some important areas has defined the objectives and time limit requirements, and concentrated on tackling the difficulties in the three-year operation.
In the first half of the year, the overall operating performance of central enterprises was better than expected. Can we achieve the annual target if we work harder in the second half of the year? Peng Huagang said that although the production and operation in the first half of the year laid a good foundation for completing the objectives and tasks of the whole year, all the work of the reform and development of central enterprises in the second half of the year was faced with difficulties and pressures, and these five aspects should be strengthened to achieve the goals: solidly promote the steady growth of the management and development of central enterprises; Fully implement the three-year action of state-owned enterprise reform; Fully promote the scientific and technological innovation of central enterprises; Actively promote the layout optimization and structural adjustment of state-owned capital; Do a good job in preventing and resolving major risks.
"Strive for the sustained and rapid growth of the benefits of the vast majority of central enterprises, and strive for the positive growth of the overall benefits of central enterprises." Peng Huagang said.
[Editor: Zhao Yihan]
