On September 17th, the series of press conferences on "Completing the 14th Five Year Plan with High Quality" welcomed a special session by the State owned Assets Supervision and Administration Commission of the State Council, with assets exceeding 90 trillion yuan, R&D investment exceeding one trillion yuan for three consecutive years, and investment in strategic emerging industries reaching 8.6 trillion yuan. Zhang Yuzhuo, Director of the State owned Assets Supervision and Administration Commission of the State Council, stated at the meeting that during the 14th Five Year Plan period, state-owned and central enterprises have overcome difficulties, forged ahead, and achieved groundbreaking and historic achievements in promoting reform, development, and party building. The comprehensive strength of central enterprises continues to strengthen. Zhang Yuzhuo introduced that since the 14th Five Year Plan, the total assets of central enterprises have increased from less than 70 trillion yuan to over 90 trillion yuan, and the total profits have increased from 1.9 trillion yuan to 2.6 trillion yuan, with an average annual growth rate of 7.3% and 8.3% respectively. The operating income profit margin increased from 6.2% to 6.7%, and the labor productivity per person increased from 594000 yuan to 817000 yuan per year. Indicators such as state-owned capital return rate and return on net assets continued to improve. It is reported that since the 14th Five Year Plan, the cumulative investment of central enterprises in strategic emerging industries has reached 8.6 trillion yuan, a significant increase compared to the 13th Five Year Plan period. In 2024, the operating revenue of central enterprises in strategic emerging industries exceeded 11 trillion yuan, with an 8 percentage point increase in revenue contribution in the past two years. The operating revenue of five fields, including new generation information technology and high-end equipment, all exceeded one trillion yuan. In 2024, the proportion of central enterprises' investment in strategic emerging industries exceeded 40% of total investment for the first time, and the proportion of operating income was close to 30%. As the core asset of central enterprises, the quality of listed companies controlled by central enterprises has been continuously improving in recent years. Yuan Ye, Deputy Director of the State owned Assets Supervision and Administration Commission of the State Council, introduced that the market value of listed companies controlled by central enterprises has exceeded 22 trillion yuan, an increase of nearly 50% compared to the end of the 13th Five Year Plan. Since the 14th Five Year Plan, a total of 2.5 trillion yuan in cash dividends have been implemented, becoming an important force in maintaining the stable operation of the capital market. For a long time, the strategic restructuring and specialized integration of state-owned enterprises and central enterprises have attracted attention from all walks of life. Li Zhen, Deputy Director of the State owned Assets Supervision and Administration Commission of the State Council, introduced that during the 14th Five Year Plan period, state-owned enterprises vigorously promoted layout optimization and structural adjustment, restructured 6 groups of 10 enterprises in a market-oriented manner, and newly established 9 central enterprises. Next, the State owned Assets Supervision and Administration Commission of the State Council will vigorously promote strategic specialization, restructuring, and integration, continuously improve the allocation and operational efficiency of state-owned capital, amplify the overall functions of the state-owned economy, and provide more powerful support for economic and social development. Since the 14th Five Year Plan, central enterprises have achieved a series of encouraging scientific and technological achievements, which can be described as' towering '. ”Zhang Yuzhuo stated at the press conference. It is reported that "Dingtian" serves the national strategic needs, has built a number of major national heavy equipment such as the second phase of "Deep Sea One", and has completed a number of major projects such as the Deep Middle Passage; 'Site' fills a batch of industrial technology gaps and makes breakthroughs in fields such as integrated circuits, industrial mother machines, industrial software, and basic materials. In the selection of the State Technological Innovation Award and National Science and Technology Progress Award in 2024, the central enterprises won 109 awards, accounting for more than half of the total number of similar awards nationwide. When it comes to the achievements of the construction of the innovation ecosystem, Zhang Yuzhuo said: Central enterprises strive to create a favorable environment for enterprise scientific and technological innovation, implement assessment and bonus points for major scientific and technological achievements, and give "one vote promotion" to those who achieve major technological breakthroughs; More than 70% of the funds in the 2025 state-owned capital operating budget will be used to inject capital into enterprises that undertake tasks such as technological innovation and the development of emerging industries. It is reported that since the 14th Five Year Plan, the average annual growth rate of research and development funds for central enterprises has been 6.5%, and the annual investment has exceeded 1 trillion yuan for three consecutive years. Led or participated in 22 major national science and technology projects, undertaking 60% of the landmark product research and development in the action plan for high-quality development of key manufacturing industry chains. Regarding the progress of the deepening and upgrading action of this round of state-owned enterprise reform, Zhang Yuzhuo stated that the overall progress is in line with expectations and he is confident that the main tasks of state-owned enterprise reform will be completed with high quality by the end of this year. In terms of the overall effectiveness of state-owned asset supervision, the State owned Assets Supervision and Administration Commission of the State Council has comprehensively implemented the "one industry, one policy, one enterprise, one policy" assessment, and has successively issued 26 targeted industry assessment implementation plans. By 2025, the proportion of personalized indicators for the assessment of central enterprises will reach over 76%. At the same time, we continue to strengthen the supervision of investors, accelerate the construction of an intelligent and penetrating supervision system that is "interconnected, real-time online, and automatic warning", and achieve full coverage of property rights, funds, debts, salaries, procurement, trade, and other work. We strive to achieve "visible business behavior, traceable capital flow, and controllable major risks", and have made positive progress. Next, state-owned enterprises will clarify their tasks in accordance with the action plan for deepening reform and upgrading, tackling them one by one, focusing on both progress and quality, as well as overall and individual aspects, to ensure the high-quality completion of reform tasks and deliver a test worthy answer. At the same time, in accordance with relevant arrangements, we will adhere to goal oriented and problem oriented approaches, carefully plan and implement new reform measures, continuously enrich the connotation of reform, increase reform efforts, and ensure the effectiveness of reform. (New Society)