Stable macroeconomic market, central enterprises are awesome!
SASAC reported on the 16th that in the first quarter of this year, central enterprises realized an operating revenue of 9 trillion yuan, a year-on-year increase of 15.4%; The net profit was 472.3 billion yuan, a year-on-year increase of 14.6%
SASAC also pointed out that central enterprises are required to drive the coordinated development of small and medium-sized enterprises, earnestly implement policies and measures such as state assistance to enterprises and rescue, strive to stabilize market players, help small and medium-sized enterprises, and actively optimize the industrial ecology. The reporter noted that the SASAC has recently introduced a number of measures to stabilize the economy, including reducing the rent of small and medium-sized enterprises, encouraging state-owned listed companies to buy back, pay dividends, increase holdings and so on.
several central enterprises made a good start in the first quarter
according to the economic operation of central enterprises in the first quarter reported by the SASAC on the 16th, in the first quarter, central enterprises achieved an operating revenue of 9 trillion yuan, a total profit of 617.9 billion yuan and a net profit of 472.3 billion yuan, with a year-on-year increase of 15.4%, 14.6% and 13.7% respectively, and 734.8 billion yuan in taxes and fees, a year-on-year increase of 20.9%, achieving a good start
At the same time, in the first quarter, the economic operation quality of central enterprises was further improved, the investment in R & D funds and the annual labor productivity of the whole staff were continuously improved, the overall asset liability ratio remained stable, and the investment in fixed assets increased steadily.
The reporter learned from China First Heavy Industries(601106) group that the group’s total profit, operating income and other economic indicators in the first quarter increased year-on-year, and successfully achieved the goal of “full popularity in the first quarter”. It is understood that China First Heavy Industries(601106) group’s operating orders rose sharply in the first quarter, and has successively signed key projects such as Puyang 1780mm hot strip mill, Sanbao 1780mm hot strip mill, taipingling No. 3 reactor pressure vessel and taipingling No. 3 evaporator forging.
National Energy Group also achieved a good start in production and operation in the first quarter. It is reported that the national energy group produced 152 million tons of coal in the first quarter, a year-on-year increase of 6.7%, and the coal sales volume was 196 million tons. Power generation reached 274.2 billion kwh, of which thermal power generation reached 235.2 billion kwh, a year-on-year increase of 6.7%. Meanwhile, in the first quarter, the national energy group completed a total investment of 19.16 billion yuan, a year-on-year increase of 66.4%. Among them, new energy completed an investment of 8.08 billion yuan, a year-on-year increase of 99.4%.
a number of measures to help enterprises to rescue themselves are on the way
SASAC made it clear at the video conference on the 16th that central enterprises should drive the coordinated development of small and medium-sized enterprises, earnestly implement policies and measures such as state assistance to enterprises for relief, strengthen basic support, demand traction and financial support, provide basic services such as coal, electricity, oil and gas transportation with high quality, continue to implement policies such as rent reduction, improve the management level of supply chain, strengthen cooperation with small and medium-sized enterprises upstream and downstream of the industrial chain, and improve the long-term mechanism for preventing arrears, We will strive to stabilize market players, help small and medium-sized enterprises, and actively optimize the industrial ecology
The reporter noted that rent reduction is one of the clear measures of SASAC to help enterprises to rescue.
On March 28, the SASAC website released the notice on doing a good job of rent reduction and exemption for small and micro enterprises and individual industrial and commercial households in the service industry in 2022 (hereinafter referred to as the “notice”). The notice points out that for small and micro enterprises in the service industry and individual industrial and commercial households that rent the houses of central enterprises in the county-level administrative areas (with reference to the national administrative division standards) where the areas listed as medium and high-risk areas of the epidemic in 2022, the rent of the current year for six months will be reduced.
It is worth mentioning that the document makes it clear that other areas not listed as medium and high-risk areas of the epidemic can also be reduced or exempted from three months’ rent, and requires that the general reduction or exemption of three months’ rent should strive to actually complete the main work in the first half of the year, and the supplementary reduction or exemption of three months’ rent should be completed within two months after being listed as medium and high-risk areas.
market is expected to usher in the “repurchase tide” of state-owned enterprises
The “notice on further supporting the healthy development of listed companies” jointly issued by the CSRC, the SASAC and the all China Federation of industry and Commerce pointed out that the SASAC has given active guidance and support to the share repurchase and cash dividends of state-controlled listed companies in accordance with the principle of facilitating enterprises.
“After the SASAC gives further support, it is expected that the listed companies of state-owned enterprises will take practical actions soon.” Li Jin, chief researcher of China Enterprise Research Institute, said in an interview with Shanghai Securities News. In his view, share repurchase, cash dividend and merger and reorganization are the three main measures for state-owned listed companies to stabilize the capital market. After the SASAC clearly guides the direction of support, it is expected that the above measures will be more fully used in the follow-up.
according to the information statistics of Shanghai Securities News, up to now, more than 160 A-share companies have disclosed repurchase plans this year. Calculated by the upper limit of repurchase price, the repurchase amount is as high as 51.78 billion yuan. From the perspective of enterprise attributes, among the more than 160 enterprises that disclosed the repurchase plan, the total proportion of central enterprises and local state-owned enterprises was only 4%
Luo Xinyu, President of Shanghai state-owned capital operation research institute, said in an interview with Shanghai Securities News that after the relevant policies are refined, it is expected that state-owned listed companies will take practical actions as soon as possible and give full play to their responsibility of “national brand”.
