Heilongjiang SASAC Holds Economic Operation Meeting, Achieving a Good Start in Q1

On April 23, the State-owned Assets Supervision and Administration Commission (SASAC) of Heilongjiang Province convened an economic operation analysis meeting for local state-owned enterprises (SOEs) in the first quarter of 2026. The meeting summarized the operation achievements in the first quarter, identified current development shortcomings and weaknesses, and arranged key tasks for the next stage, People’s Network Heilongjiang Channel reported.

The meeting pointed out that since the beginning of this year, local SOEs in Heilongjiang have resolutely implemented the decisions and arrangements of the Provincial Party Committee and the Provincial Government, focusing on the annual operation and development goals, and major economic indicators have achieved a “good start” in the first quarter. The total assets of local SOEs in Heilongjiang reached 2.03 trillion yuan, a year-on-year increase of 0.25%, showing an orderly growth in asset scale.

Specifically, the added value reached 14.527 billion yuan, a year-on-year increase of 1.43%, with continuous improvement in production capacity contribution. Investment in research and development (R&D) funds hit 221 million yuan, up 0.96% year-on-year, demonstrating emerging vitality in scientific and technological innovation. Despite the downward impact of the coal market, the economic benefits reduced losses by 0.44% year-on-year, and the operational quality and efficiency of enterprises continued to recover and improve.

Wang Fengwen, Secretary of the Party Committee and Director of Heilongjiang Provincial SASAC, presided over the meeting and emphasized that local SOEs across the province should adhere to the principle of “unchanged goals, undiminished tasks and unrelenting efforts”. Centering on the goals of “stabilizing growth, promoting reform, planning layout, preventing risks and strengthening Party building”, they should take precise measures to fight the tough battle of improving the quality and efficiency of economic operation.

He stressed that enterprises should focus on goals and make precise efforts, closely track core indicators such as “one profit and five rates”, strengthen operation monitoring and scheduling, focus on their main responsibilities and businesses, pay close attention to the construction of key projects, and steadily maintain the basic operation plate. They should deepen reform and strengthen management, improve corporate governance, improve market-oriented operation mechanisms, and stimulate internal motivation.

In addition, enterprises should optimize layout and adjust structure, accelerate industrial upgrading, strengthen the drive of scientific and technological innovation, and continuously cultivate new momentum for development. They should also adhere to bottom-line thinking to prevent risks, focus on key areas such as funds and debts, pay close attention to production safety, and hold the red line of safe development.

People’s Network Heilongjiang Channel noted that 2026 is the first year of the 15th Five-Year Plan, and doing a good job in economic work in the first quarter is crucial for the whole year. Heilongjiang’s local SOEs will further strengthen Party building, carry out learning and education on establishing and practicing a correct view of political achievements, build a strong talent team, and gather strong synergy for work and development.