State-owned enterprises at the provincial and municipal levels in east China’s Jiangsu Province reported higher operating revenue in the first quarter than the same period in 2019, marking a new step in high-quality development by continuous efforts for innovation and reform, the Provincial State-owned Assets Supervision and Administration Commission said on Sunday.
Xuzhou Iron and Steel Group has put into use the central water treatment EPC general contracting project built by the Provincial Environmental Protection Group. This system allows all waste water to be recycled and reused, thereby achieving "zero discharge". It can help the steel maker cut back on the use of water by more than 6 million tons a year and save more than 3 million yuan in water costs.
Since the beginning of this year, the Provincial Environmental Protection Group has provided technical support for pollution reduction and carbon reduction for many enterprises by signing 300 million yuan in new contracts in the first quarter.
Zou Feng, General Manager of Investment Development Department of Jiangsu Environmental Protection Group
In recent years, the reform of state-owned enterprises in Jiangsu has focused on improving technological innovation capabilities, as is evidenced by the fact that the Provincial Environmental Protection Group and the Provincial High Investment Group have accelerated their industrial layout, and the Jiangsu Transportation Holding Group has promoted digital transformation.
By relying on intelligent transport, Jiangsu Transportation Holding Group registered 14.15 billion yuan of operating revenue in the first quarter, up 8.36% from the same period of 2019.
At the same time, the provincial and municipal State-owned Assets Supervision and Administration Commission and state-owned enterprises continued to deepen reforms and improved market-oriented operating mechanisms.
In recent years, Nanjing Tourism Group has continued to strengthen its remuneration, assessment and incentive system reforms to effectively release the company’s vitality.
Driven by incentive mechanisms such as differentiated salary distribution and excess profit sharing, the subsidiary "Mochou Lake Tourism" team seized the opportunity of the tourism market recovery this year and completed the implementation of a number of innovative plans and projects. In the first quarter, it reported a 1.16-fold profit growth over the same period of 2019.
Fang Hongyuan, Deputy General Manager of Nanjing Mochou Wisdom Information Technology Co., Ltd.
In the first quarter, state-owned enterprises at the provincial and municipal levels in east China’s Jiangsu Province recorded 276.2 billion yuan in operating revenue, up 27.2% from the same period of 2019. The profit growth reached 30.2 billion yuan, up 11.2% from the same period of 2019.
The operating indicators of enterprises in transportation, electric power, coal, and chemical machinery exceeded the level of the same period in 2019.
Hu Jianbin, Deputy Director of the State-owned Assets Supervision and Administration Commission of Jiangsu Province
