promoting the structural adjustment and reorganization of central enterprises is an inevitable requirement to strengthen, optimize and enlarge state-owned enterprises and enhance their core competitiveness. party since the eighteenth big, state-owned assets supervision and administration in order to deepen the structural reform as the main line, the supply side and thorough going efforts to promote the strategic restructuring and integration, specialization has 26 groups of 47 enterprises implementing strategic restructuring and integration, specialization, air china in the new hair, national network group, electrical equipment, such as china's logistics enterprises in china, the number of central enterprises from 117 to 98 10 years ago.
at the same time, under the guidance of the state-owned assets supervision and administration commission (sasac), central enterprises will accelerate the disposal of non-main businesses, non-dominant businesses and inefficient and ineffective assets, complete the disposal of "zombie" enterprises in special difficulties, and basically complete the removal of social functions of enterprises and solve problems left over from history.
through structural adjustment and restructuring, central business owners have become more responsible for their main business, greatly improved the efficiency of resource allocation, significantly enhanced their core competitiveness, and played an increasingly prominent supporting role in serving the national strategy, realizing innovative development, unimpeded industrial circulation, and ensuring people's livelihood.
hao pengzai, director of the state-owned assets supervision and administration of the party committee secretary, the learning times published a signed article points out that the state-owned assets supervision and implementation of a new era to promote state-owned economic layout optimization and structure adjustment of opinion ", focusing on strategic security, industry leading, national economy and people's livelihood, public service, and other functions, to adjust the stock structure, optimize deltas, effectively improve the overall state-owned capital operation quality and efficiency.
alliance between giants
promoting strategic restructuring at the level of central enterprise groups is an important measure to accelerate the optimization and structural adjustment of the state-owned economic layout and improve the efficiency of resource allocation. it is of great significance to maintain the stability of industrial chain and supply chain and accelerate the cultivation of world-class enterprises with global competitiveness.
since the 18th national congress of the communist party of china (cpc), central enterprise groups have completed a number of restructuring projects with large assets and far-reaching impact, further optimizing the structure of the state-owned economy and enhancing its international competitiveness.
in 2015, csr and cnr reorganized and established crrc group to increase the concentration of research and development investment, which greatly enhanced the competitiveness of china's rail transit equipment manufacturing industry. in the same year, cosco and china shipping were reorganized into cosco shipping group, which ranked third in the world in container capacity and ranked first in the world in six categories: integrated fleet, bulk cargo transportation, oil and gas transportation, general cargo special transportation, terminal operation and crew management. in 2016, baosteel and wuhan steel restructured and established china baowu, which promoted the rapid improvement of industry capacity utilization and enterprise operating efficiency, and took the lead in resolving steel excess capacity of 15.42 million tons.
since the 19th cpc national congress, strategic reorganization at the level of central enterprise groups has entered a new accelerated track. in 2019, "two ships" reorganized and established chinese ships. in 2021, the three major indicators of shipbuilding industry, such as enterprise shipbuilding completion, new orders received, and hand-held orders, accounted for more than 20% of the global total, ranking first in the world. in 2021, sinochem was newly established by the reorganization of "two chemizations", and its total assets and operating revenue both exceeded one trillion yuan, becoming the largest comprehensive chemical enterprise in the world.
at the same time, sasac focused on synergistic effect play, strengthen the integration and integration after restructuring.
poly group conducts in-depth research to find out the bottom line, according to the specific situation of the restructured enterprises, one enterprise one policy, clear the core main business, and concentrate on creating new growth points. at the same time, the restructured enterprises will be included in the group's "14th five-year plan" strategy, systematic layout, scientific planning, the integration of similar businesses, as well as the superposition of high-quality resources, and work together to create a "5 1" business system with international competitiveness and domestic leadership. at present, it has completed the resource integration work of the chinese silk group and the chinese art group.
in the process of reorganizing china universal, ceic promotes the realization of "institutional integration" by improving the governance structure and institutional system. dianke taiji guides shouxin stock and putian peace to standardize the rules of procedure of the board of directors, the management method of authorization from the board of directors to the management layer, and the decision-making management method of "three, one and one", strengthen the construction of the party conduct, integrity system and risk prevention and control system, and standardize the authorization management and decision-making procedure. electronic robot "physical examination" of the implementation of the original system system of shanghai putian and putian logistics, revised the upper system, and guided shanghai putian and putian logistics to carry out the system "reform, reform and scrap" in the aspects of party construction, governance, finance, personnel, administration, internal control and operation.
china shipping group optimization research production system layout and capacity, integration of the former two shipbuilding group, scientific research and production, assembly and supporting resources, implements the incarnation, management integration design, manufacturing, form a complete set, preliminary build up group company "basic scientific research key supporting assembly manufacturing test service" relatively complete industrial system.
through strategic restructuring, the central enterprises improve the efficiency of resource allocation, effectively exert synergistic benefits, release restructuring dividends, and realize the restructuring goal of "1 1>2".
in march 2018, the machine group to active delisting of double group (deyang) heavy equipment co., ltd. (hereinafter referred to as double reshipment) as the platform, integration of heavy equipment plate quality resources in the group, set up the machine heavy equipment group co., ltd. (hereinafter referred to as the machine reshipment), continue to deepen the reform, and promote enterprise present a good momentum of development. in june 2020, the company successfully landed on the a-share main board market and realized its re-listing. it has made useful exploration in the aspects of deepening the reform of central enterprises, adjusting the layout structure and marketization reform of the delisting system of china's capital market.
the national energy group has given full play to the advantages of restructuring and integration of the two groups, built a new integrated operation pattern of "one group, large coal mine, large transportation, large power plant and large coordination", strengthened the intensive management and coordination mechanism of production and operation, and significantly enhanced the market resilience and the ability to ensure supply and make profits. in 2021, it produced 570 million tons of coal, 0.6 million tons more than in 2017; power generation of 1.1 trillion kwh, an increase of 212 billion kwh over 2017, fully highlighting the advantages of integration.
china baowu takes the joint reorganization as an opportunity, grasps the development opportunity, strives to forge ahead, and steadily improves its business performance. during the "13th five-year plan" period, the crude steel output increased from 58.49 million tons to 115 million tons, ranking first in the global crude steel production of steel enterprises, achieving a historic leap, the operating revenue increased from 309.6 billion yuan to 665.2 billion yuan, the total profit increased from 7 billion yuan to 45.5 billion yuan, the world's top 500 ranking jumped from 275 in 2016 to 72 in 2021.
publicity department of the cpc central committee holds a press conference on the reform and development of state-owned assets and soes in the new era on june 17, 2022. in the next step, sasac will continue to deepen supply-side structural reform as the main line, and continue to deepen strategic restructuring and professional integration around the goal of building a world-class enterprise, according to the meeting. first, in the overall direction, we will pay more attention to overall planning and focus on promoting. second, we will pay more attention to market-oriented and law-based methods of promotion. third, in the implementation effect, pay more attention to the synergistic effect of reorganization and integration, to ensure the realization of the reorganization and integration goal of "1 1>2".
integration of specialization
professional integration is an effective means to reduce the repeated investment and homogeneous competition, and it is of great significance to improve the industrial concentration and the core competitiveness of enterprises. since the 18th national congress of the cpc, sasac has taken the reform of relevant sectors and industries as an opportunity to steadily promote the professional integration among central enterprises through asset restructuring, equity cooperation and other ways, and achieved good results.
since the 18th national congress of the communist party of china (cpc), sasac has successively established a number of key enterprises, such as air china development, national pipeline network group, china star network, china rongtong, china mineral resources, china rare earth group, china electrical equipment, china iron tower and china logistics group, which have played an important role in their respective fields.
china tower will give full play to its role as the "national team" of information and communications infrastructure construction and the "main force" of 5g new infrastructure construction, deepen coordination and sharing, and fully support the implementation of the strategy of becoming a cyber power and 5g new infrastructure. by the end of june 2022, a total of 263.8 billion yuan had been invested in the construction of more than 3.48 million tower base station projects in support industries, helping china quickly build the world's largest and best quality mobile broadband network, and realize the world's leading 5g construction and development.
through restructuring and integration, china's electrical equipment industry has solved the problems of scattered resources, prominent structural contradictions and weak core competitiveness in the power equipment manufacturing industry, making the main responsibility and main business more prominent, greatly improving the efficiency of resource allocation, and significantly enhancing the core competitiveness. its supporting role in serving national strategies, realizing innovative development, unblocking industrial circulation, and ensuring people's livelihood has been constantly highlighted.
since entering the substantive operation, national network company established a national strategy, service people need, service industry development of the enterprise purpose, put forward the marketization, digitized platform, science and technology, management innovation strategy of "big four", has been clear about the wisdom of interconnected large pipe network, build a fair and open platform, cultivating innovation grow new ecological "two freshman" strategic objectives, it promotes the integrated construction, operation and evolution of the "four major systems" of "big business, big party building, big supervision and digitalization", and opens a new journey for the national pipe network group to build a world-class infrastructure operator with chinese characteristics.
china green hair seriously implement the "sanxin" high demand, a comprehensive docking state and central enterprises "difference" program, system establishment company development planning, established in green energy, green land, happiness industry and strategic emerging industry investment for development direction, to create green low carbon as the main integrated leader, the strategic goal of building a world-class green industry investment group; the guiding ideology, basic principles, key tasks, main business development strategies, development goals and implementation paths of the "14th five-year plan" were clarified.
through professional integration between central and local governments, state-owned capital will be further concentrated in important industries and key areas, and the efficiency of resource allocation and development quality will be effectively improved.
in june 2017, china merchants group and liaoning provincial government officially launched liaoning port integration, and china merchants, a central enterprise, invested and held the stake. through the establishment of a unified operation platform for liaoning ports, the comprehensive competitiveness of liaoning ports is comprehensively improved. since the reorganization and integration, the enterprise's anti-risk ability and market competitiveness have been significantly improved, and its business performance has continued to improve. according to statistics, in 2019, liaoning port group achieved operating revenue of 16.83 billion yuan (the same below), successfully turning a loss into a profit; from january to september 2020, the cargo throughput of liaoning port group increased by 3.1% year on year; operating profit has turned positive from negative.
marked by the official opening of xinben steel on october 15, 2021, the integration and integration of anben went through the first month and 100 days. by april 15, 2022, the half-year integration targets and tasks were successfully completed according to the established plan. in 2021, anshan iron and steel group has realized the state party construction responsibility system for examination and assessment of jin "a" for the first time, saddle the restructuring is completed, the management efficiency and the best level in history "the three historic breakthrough", the anshan iron and steel group (including the benxi steel) operating profit of 39 billion yuan, has realized the "difference", and the first quarter of this year in the face of the steel market volatility, anshan iron and steel operating efficiency has been steadily improved.
merger and acquisition is an effective way for enterprises to achieve rapid development. since the 18th national congress of the communist party of china (cpc), sasac has guided central enterprises to actively and steadily carry out mergers and acquisitions (m&as) centering on national needs, main responsibilities, main businesses, and key areas, effectively promoting industrial transformation and upgrading and high-quality enterprise development.
poly group buys avic property business. during the acquisition process, the company adopted innovative measures such as transitional joint management and the introduction of merger and acquisition funds to complete the asset acquisition of nearly 50 billion yuan, so as to further strengthen the main business of real estate and enhance the status and competitiveness of the industry. china cosco's acquisition of orient overseas international and shengshi containers has won the initiative in the container market when "one box is hard to find", and played an important role in facilitating import and export trade under the pandemic. sinopharm has stepped up integration efforts in the manufacturing and distribution of covid-19 vaccines, blood products, and pharmaceuticals, and enhanced its ability to guarantee supply, so as to contribute to winning the battle against the epidemic.
pilot enterprises of state-owned capital operation companies also play a positive role according to their own positioning. china chengtong and china guoxin have invested 180 billion yuan to participate in the restructuring and shareholding diversification reform of central enterprises, providing important support for the reform and development of central enterprises. it gives full play to the "booster" role of capital operation companies in promoting the optimization of the layout and structural adjustment of the state-owned economy.
at present, the professional integration of central enterprises is continuing to progress steadily. on july 12, 2022, sasac held a promotion meeting for deepening the professional integration of central enterprises, and held a centralized signing of 13 groups of professional integration projects on site.
"these projects are not only the integration of resources in traditional industries, but also the cohesion of emerging industries, not only the horizontal agglomeration of similar businesses, but also the vertical connection of the upstream and downstream of the industrial chain, not only the coordinated linkage between central enterprises, but also the cooperation and development between central and local governments, which is a good representative and demonstration." sasac deputy director weng jieming said.
thin body
in structural adjustment, there is progress as well as retreat. since the 18th national congress of the communist party of china (cpc), the state-owned assets supervision and administration commission (sasac) has carried out the divestment of "two non-enterprises" and the liquidation of "two assets" to realize the "progress and retreat" of state-owned capital, effectively concentrate superior resources, and effectively help enterprises to reduce the burden, achieve light travel and better development.
from the perspective of strategic development, sinochem has made great efforts to promote the management of loss-making enterprises and achieved obvious results. some key loss-making enterprises under sinochem have successfully turned losses into profits. for example, nantong xingxing has gradually turned losses into profits in recent years through rapid response to market demand, innovation and research and development of representative products and other governance measures. in 2021, it achieved profits of 2.36 billion yuan, becoming a benchmark enterprise in the industry. in the past, spark silicone was in a difficult situation of continuous loss for a long time. through governance measures such as elkem's global platform, process technology improvement, and strengthening the downstream application of silicone, spark silicone achieved a profit of 1.327 billion yuan in 2021.
cofco participated in the reorganization and integration of central enterprises more, successively merged into five central enterprises, such as china native livestock, zhonggu group, china grain group, huafu group and china textile group, and then acquired overseas agricultural grain enterprises. cofco strict identification, the depth of tapping, carding non-core assets, decisively out of wood, shipping transportation, chocolate, instant noodles, hotel, seeds and other business assets, resources, further to the core business focus, focus to the main operating varieties, to the key focus, cereals, oils and sugar cotton core business revenue accounted for stay above 85%, net profit ratio reached 68%, compared with the reduction before a significant increase, truly achieved the main business plays a leading role, the core business plays a core role.
in terms of the disposal of "two africa", china minmetals decisively withdrew from all the equity of minmetals steel company, which contributed a lot to the group's profits, and made every effort to do a good job in the main responsibility of the main business; in terms of the governance of loss-making enterprises, the government proposed "eliminating loss-making enterprises or eliminating loss-making enterprises". from 2016 to the end of 2021, the cumulative pressure of the number of loss-making enterprises was reduced by 69%, the cumulative pressure of the loss-making area was reduced by 67%, and the cumulative pressure of the loss amount was reduced by 2%. by the end of 2021, the 34 key loss-making subsidiaries of china minmetals had achieved a cumulative net profit of 710 million yuan, a profit increase of 8.53 billion yuan compared with the end of 2018, and all the 34 enterprises had completed the three-year deficit reduction target set by sasac. in order to remove social functions of enterprises and solve problems left over from history, 490,000 households were separated and transferred to their families. over 170,000 retired people were transferred to social management.
data show that since 2012, central enterprises have publicly disposed of a total of 872.5 billion yuan of equity and assets through the property rights market. at present, subsidiaries of central enterprises engaged in the main business account for 93% of households.
in view of the problems of some central enterprises, such as unclear base, bloated organization and long management chain, sasac has continued to carry out the "reduction" work to promote the central enterprises to reduce the level of management and reduce the number of legal persons.
through reform measures such as restructuring, integration, absorption, merger and reduction, the number of secondary units in china has been reduced from 147 when the two ships were restructured to 103. the industrial system has been further refined and the main business positioning of each unit has been further clarified. china resources group defines the function of the headquarters, assigns management functions to regional companies, and receives investment management authority from production and operation units, forming a four-level management structure of "headquarters -- division -- regional company -- production unit", and realizing a set of control system covering all of the group's more than 2,000 legal entities. since the state-owned assets supervision and administration commission of the state council started the reduction work in 2016, china baowu has reduced 370 wholly-owned holding enterprises and 150 joint-stock enterprises (excluding custody units), making important contributions to the group's quality and efficiency improvement, competitiveness improvement and risk prevention and control.
data show that through the establishment of a long-term reduction mechanism, the central enterprises have reduced the number of legal persons by 19,965, accounting for 38.3% of the total number of households, and the management level has been reduced within five levels.
improving the distribution and structural adjustment of the state-owned economy is of great significance to better serve the country's strategic goals, better adapt to high-quality development, and foster a new development pattern. hao peng, secretary of the party committee and director of sasac, said in a signed article published in "qiushi" that on the new journey, state-owned enterprises must always focus on the main business, strengthen the industry, accelerate the transformation and upgrading of traditional industries, vigorously develop strategic emerging industries, build a long modern industrial chain, and effectively maintain the security and stability of industrial chain and supply chain. we will shoulder greater responsibility and play a bigger role in consolidating the economic foundation of our major country and building a new development pattern through services.
source: state-owned assets supervision and administration commission of the state council