Shandong Provincial Enterprises Brave and Enterprising; Plateau period; Stable and improving profitability
On July 18th, Red Star Macalline announced a strategic investment in Ginza Home Furnishings through capital increase and acquisition of equity, with the former acquiring a total of 46.5% equity in Ginza Home Furnishings. After the transaction is completed, Red Star Macalline and Lushang Group will jointly control Ginza Home Furnishings with a 46.5% stake each.
This strategic cooperation is one of the key projects for the mixed ownership reform of state-owned enterprises in Shandong. Including mixed ownership reform, multiple state-owned enterprise reforms in Shandong are continuously advancing, accelerating the formation of a leading advantage in high-quality development.
Recently, it was learned from the press conference held by the Shandong Provincial Government Information Office on July 22 that by accelerating transformation and upgrading, strengthening business management, provincial enterprises have effectively overcome the adverse effects of economic downturn, achieved synchronous improvement in market development and operational efficiency, and achieved the best level of major economic indicators in history in the first half of the year.
During the 'plateau period', do a good job of seeking benefits and avoiding harm
In the view of Zhang Bin, Director of the Provincial State owned Assets Supervision and Administration Commission, after two consecutive years of high-speed growth in 2017 and 2018, the economic benefits of Shandong Province's enterprises have entered a "plateau period" this year. The difficulty of reducing leverage has increased, and the decline in commodity market prices has reduced the profit margins of enterprises. These unfavorable factors are intertwined with favorable factors such as the concentrated efforts of tax reduction and fee reduction policies. This requires provincial enterprises to fully understand the complexity of the situation, enhance strategic determination, and do a good job in seeking benefits and avoiding harm.
Data shows that since April, the burden of value-added tax and social security fees on provincial enterprises has decreased by 1.445 billion yuan, affecting profits by 319 million yuan. This is thanks to a series of tax reduction and fee reduction policies such as value-added tax reform and social insurance reform, which have effectively reduced enterprise costs and provided guarantees for enterprises to strengthen scientific research and expand investment in emerging industries. On the day of the press conference, the Science and Technology Innovation Board also officially opened, "which will provide a new way for provincial enterprises to promote asset securitization," said Zhang Bin.
At the same time, there is still uncertainty regarding the direction of trade frictions and macroeconomic operations. Some companies have reported to reporters that, taking chemical products as an example, the prices of some major products have decreased by about 30% compared to last year. In addition, some industries have shifted their supply and demand to a more relaxed supply situation, with a large number of new projects being put into operation. After the technological transformation of old projects, the utilization rate of production capacity continues to increase, and the supply side has expanded significantly. The weak demand side has not fundamentally improved, and the company's profits are expected to be affected.
Shandong is actively responding to these situations. On the one hand, further investigation, research and analysis should be conducted on the potential impact of trade frictions; On the other hand, support enterprises to further increase their investment efforts. In terms of stock, establish a "one-to-one" service system for major projects of provincial enterprises, rely on key industrial projects such as hydrogen energy industry park and Beidou satellite navigation application, coordinate and support the acceleration of major infrastructure projects such as Lunan High speed Railway, Jiqing Expressway renovation and expansion, and Jinan Airport North Pier. In terms of increment, a comprehensive review will be conducted on the inventory of major engineering projects for the conversion of new and old kinetic energy in provincial enterprises, and relevant enterprises will be urged to accelerate the implementation of projects that meet the conditions.
The benefits are stable and improving, and the momentum is worth paying attention to
据财务快报,上半年,29户省属企业实现营业收入7004亿元,利润总额352亿元,净利润244亿元,同比分别增长19.34%、10.97%、5.38%。截至6月底,省属企业资产总额达到30723亿元,同比增长14.52%,总体呈运行平稳、稳中有进态势。张斌提到,经济效益稳健增长的同时,省属企业展现出的强劲发展后劲值得关注。
先看营业收入:29户企业中,26户企业营业收入同比实现增长,钢铁、投资、交通运输、煤炭等重点行业增势明显,钢铁、化工、发动机、重卡、黄金等主要产品销量保持稳定,总体呈小幅上升趋势。出口方面,上半年,省属企业出口产品实现销售收入108亿元,同比增长47.85%。
经济效益稳健增长并稳中向好,国有资本回报水平提升。利润总额、净利润两项指标增幅趋缓,但仍实现稳步增长,并创出历史新高。特别是,归母净利润达到62亿元,同比增长23.35%,归母净利润占净利润的比重同比提高3.71个百分点,国有资本回报明显提升。
上半年,省属企业实现固定资产投资376亿元,同比增长5.08%,其中,6月份单月投资额95亿元,创2月份以来新高。投资额在15亿元以上的企业就有8户,主要集中在高速公路、水利等基础设施领域以及钢铁、机械制造、煤炭等行业,对全省经济增长形成有力支撑。同时,省属企业科技创新力度继续加大,研发投入达到66亿元,同比增长92.03%。
突破混改等关键改革环节
山东国企改革“四梁八柱”已搭建完毕,容易的、皆大欢喜的改革已完成,能否涉险滩、动奶酪,不仅关系到国有企业自身兴衰,更关系到全省改革发展大局。山东已明确,下半年起强力突破一些关键性改革环节,进一步释放国企改革红利。
其中,发展混合所有制经济会是重中之重。截至2018年底,省属企业二级及以下企业完成混改1806户,占全部省属企业的62.26%,但也仍存在不敢混改、不想混改的问题。省宏观经济研究院院长刘冰分析,一方面是有些国企担心与民营企业混改可能出现的“交易风险”,另一方面,民营企业也有着怕在混改中“吃亏”的想法,而解决上述问题,既需克服思想认识问题,又要进一步提高参与混改的资产质量和吸引力。
就此,山东新近印发《省属企业混合所有制改革工作考核办法》,将混改纳入企业负责人业绩考核。考核指标设置直接指向混改中最关键的问题——实现资本的“混”的同时,注重引导企业完成“改”,通过引进资金、技术、人才,产生化学反应,真正实现“1+1＞2”。
在此过程中,一些企业也已展现出良好的改革创新精神。记者了解到,银座家居混改中,董事长面临内退,经集团董事会审议,通过了其到达内退年龄后再干三年的决议,为混改的顺利推进开启了“绿灯”。
据了解,对于重点领域的混改,山东将区分不同情况,重点引导在权属企业层面有序推进混改,并探索在具备条件的企业集团层面稳妥推进混改,具备条件的企业优先选择以资本证券化方式实施混改。
Information source: Xinhua News Agency
Editor He Yang of this website/Organizing
