Shandong will build 10 large enterprise groups

According to the State-Owned Assets Management Committee of Shandong Province, Shandong Province will continue to increase the integration of state-owned enterprises after the establishment of large-scale enterprise groups such as Shandong Iron and Steel and Shandong Heavy Industry during the “Eleventh Five-Year Plan” period. It plans to establish 10 companies at the end of the “Twelfth Five-Year Plan” period. Domestic and foreign large enterprise groups with strong competitiveness and high popularity.
During the "Eleventh Five-Year Plan" period, the Shandong State-owned Assets Supervision and Administration Commission focused on the development of the main industry and the promotion of restructuring as the main line, adopting measures such as restructuring and integration, optimizing investment, eliminating backwardness and other measures, and making efforts to promote the centralization of state-owned capital to competitive industries, competitive enterprises, and core business To increase the support for leading enterprises such as iron and steel, coal, etc. in provincial management companies, to cultivate large companies and large corporations that have outstanding main business, strong core competitiveness, and high reputation in China and abroad.
From January to September of this year, Shandong Province's provincial and provincial enterprises realized an operating income of 372.944 billion yuan, an increase of 44.02%; cumulative profits of 33.705 billion yuan, an increase of 98.37%; operating income increased by more than 40% year-on-year, total profit growth of nearly 1 year-on-year Times, both more than last year's level.
According to the State-owned Assets Supervision and Administration Commission of Shandong Province, during the “Twelfth Five-Year Plan” period, Shandong will focus on promoting the construction of large enterprise groups and industrial upgrading. By the end of the “Twelfth Five-Year Plan”, the total assets of enterprises in Shandong Province will reach 1.5 trillion yuan. The sales revenue was 1.2 trillion yuan and the profit was 120 billion yuan, both of which doubled, and strived to create around 10 large enterprise groups with strong competitiveness and high reputation at home and abroad.

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