Jiangsu Provincial Enterprises Deliver Strong High-Quality Development Start in 2026

As the first spring of the 15th Five-Year Plan unfolds, state-owned enterprises in Jiangsu, an economic powerhouse in China, have stepped up as the "ballast stone" for regional economic resilience, delivering an impressive high-quality development report in the first quarter. Field investigations at production frontlines show that major enterprises are operating at full capacity, leveraging project progress to underpin stable development, relying on innovation to boost new productive forces, and embracing opening-up to expand growth space.

People’s Network reported that provincial enterprises have prioritized project construction and stable investment to enhance economic resilience. Jiangsu Guoxin Group achieved key breakthroughs in offshore wind power layout in Yancheng, with the Dafeng H19#, Dongtai H4#/H6# offshore wind power projects officially approved. In Huai’an, the No.2 unit of Guoxin Suyan Energy Storage Power Generation Project was connected to the grid and operated at full 300MW capacity, marking a new stage in energy storage development.

Jiangsu Transportation Holding Group completed 12.94 billion yuan in investment in the first quarter, a record high for the same period. The Haitai Yangtze River Tunnel resumed construction after the Spring Festival, while the second Sutong Yangtze River Crossing Tunnel broke ground, with 16 new and renovation projects advancing as scheduled. The group has set a full-year target of 45 major projects with a total investment of 53.3 billion yuan. Xuzhou Mining Group maintained steady profit growth, with raw coal output rising 7.9% year-on-year, and Suneng Baiyinhua Power Generation Project progressing smoothly.

Innovation has become a key driver for new productive forces. Jiangsu High-Tech Investment Group established 11 new funds in the first quarter, with added management scale of 66.1 billion yuan, a year-on-year increase of 133.49%. People’s Network Jiangsu Channel noted that the provincial strategic emerging industry fund cluster has signed 5 industrial special funds with a total scale of 69.1 billion yuan, pushing its total scale to 275.6 billion yuan.

Jiangsu Grain Group set up five sci-tech innovation teams to promote intelligent and green grain storage, while Jiangsu Data Group played a core role in building the provincial government cloud and digital resource base, gathering 68 data development entities and launching 222 public data products. Nanjing Jinling Hotel Group achieved remarkable results, with its food technology sector setting sales records during the Spring Festival, and its "Jinling Big Meat Bun" production technique listed as an intangible cultural heritage.

In terms of opening-up, provincial enterprises have actively expanded overseas markets. Suhao Holding Group participated in multiple domestic and international exhibitions, achieving 16.8% year-on-year revenue growth and 18.9% growth in import and export volume. China Jiangsu International Group’s new overseas project contracts surged 263.81% year-on-year, including the World Bank-funded Tonga Fanua Port project. Eastern Airport Group handled 12.62 million passengers and 141,000 tons of cargo, with new international routes opened to Jakarta, Bangkok and Los Angeles.

Yin Haiming, General Manager of Jiangsu Provincial State-owned Assets Supervision and Administration Commission, said these achievements fully demonstrate the strong vitality of Jiangsu’s state-owned enterprises. "They have effectively supported the province’s economic ‘good start’ and laid a solid foundation for high-quality development throughout the year," he added.