In the first three quarters of this year, the central enterprises carried out the macro-control policies carefully with continuous economic improvement. According to a related responsible official with the State-owned Assets Supervision and Administration Commission of the State Council, the main business income and total profits will exceed 5,300 billion and 400 billion yuan this year respectively, breaking new records in history again.

The official said since the beginning of this year, the central enterprises have actively changed the ways in economic growth and accelerated the readjustment of product structure so that rapid economic results have been achieved. This has made active contributions to the macro-control. The enterprises have put technical renovations and the readjustment of product structure on a prominent place, boosting the national economy further. The enterprises have applied a foreign-oriented strategy and quickened its pace in exports. In the first eight months of this year, the enterprises' exports were 65.04 billion yuan, an increase of 19.1 per cent. The accumulated investment in the fixed assets was 441.44 billion yuan, up 32.5 per cent. The west-east natural transmission project is scheduled to go into operation on October 1 with an annual transmission capacity reaching 12 billion cubic meters. The main cumulative income of the enterprises reached 3459.46 billion yuan, up 28 per cent with a total production cost increase of 26.8 per cent, the increase margin of which was 1.2 percentages lower than the growth of sales income. Their cumulative profits were 320.32 billion yuan, an increase of 45.6 per cent or more than 20 billion yuan if compared with the gross profits of last year.

To relieve the supply of coal and electricity, the central enterprises have tried hard to tap the existing potential to expand output and do their best to meet market demand. All the electricity and coal contracts signed by the Shenhua Group and China Zhongmei Group were completed. The power enterprises have overcome the disadvantages including the shortage of electricity and coal, less rainfall and natural calamities to fulfill the tasks completely in the past summer. The petrochemical enterprises have been active in oil sales and maintained stable in market supply.

By People's Daily Online