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The Profit of State-Owned Enterprises in Zhejiang Province Reached a Record High

On January 22, the reporter learned from the State-owned Assets Supervision and Administration Commission of Zhejiang Province that in 2018, the state-owned economy of the whole province maintained a steadily rapid development trend, with the main indicators of provincial-level and municipal-level state-owned assets supervision enterprises reaching a record high. According to statistics, state-owned enterprises in this province achieved an operating income of 1,339.9 billion yuan and a total profit of 61.3 billion yuan, an increase of 14% and 11.3% respectively over the previous year. And, the province-owned enterprises realized an operating income of 871.5 billion yuan and a total profit of 37.1 billion yuan, an increase of 12.5% and 16% respectively over the previous year.

According to the person in charge of the State-owned Assets Supervision and Administration Commission of Zhejiang Province, by the end of 2018, the value of the receivables and inventory of province-owned enterprises was 146.58 billion yuan, a decrease of 0.15% over the previous year. The income per capita increased by 9.4% over the previous year, the profit per capita increased by 12.9% over the previous year, and the productivity of all employees increased by 6.5% over the previous year.

In the face of economic downward pressure, why is there a new high in the profit of the state-owned enterprises in Zhejiang? The person in charge of the State-owned Assets Supervision and Administration Commission of Zhejiang Province said that insisting on advancement and retreat, this province continued to optimize the layout of the state-owned capital, witnessing the continuous benefits of the supply-side structural reform. A good case in point is the integration and upgrading of the three provincial-level transportation industry platforms of ocean, land and air, which enabled the transportation enterprises to achieve a total operating income of 52.55 billion yuan last year, an increase of 12.5% over the previous year, and an accumulated profit of 10.69 billion yuan, an increase of 29.6% over the previous year.

In 2018, the state-owned enterprises in this province continued to increase the intensity of resource integration, and adjust and optimize the layout in accordance with the requirements of highlighting the main business and improving efficiency, in order to promote the transformation and development of enterprises. At the same time, this province took the mixed reform as an important breakthrough for the reform of the state-owned enterprises to promote reforms. It is learned that this province completed 34 mixed-reform projects last year, with 70.7% of province-owned enterprises involved in the mix reform. Three state-owned enterprises in this province were included in the third batch of pilot mix reform enterprises in the country, nine were included in the national pilot enterprises with employees holding shares, and seven were selected into the Plan of “Double Hundred Actions” for the reform of state-owned enterprises across the country.



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