Guangxi State-owned Enterprises Achieve Steady Economic Growth in Q1 2026

The Second Quarter Economic Operation Scheduling Meeting for Enterprises Supervised by Guangxi State-owned Assets Supervision and Administration Commission was held in Nanning, Guangxi, on April 29. In the first quarter of 2026, Guangxi’s state-owned assets and state-owned enterprises have taken practical measures to promote stable growth, with their economic operation showing a steady and progressive start.

By the end of March, the total assets of state-owned enterprises in the system of Guangxi State-owned Assets Supervision and Administration Commission had exceeded 6 trillion yuan, making due contributions to Guangxi’s economic development. Specific data shows that the total assets reached 6.245 trillion yuan by the end of March, a year-on-year increase of 9.84%. Among them, the total assets of enterprises supervised by Guangxi State-owned Assets Supervision and Administration Commission stood at 3.29 trillion yuan, a year-on-year growth of 16.16%.

In terms of operating income and social contributions, state-owned enterprises in the commission’s system achieved a total operating income of 224.7 billion yuan from January to March, with the total amount of taxes payable increasing by 10.97% year-on-year to more than 7 billion yuan. For enterprises directly supervised by the commission, the operating income reached 176.6 billion yuan, and the total taxes payable rose by 13.31% year-on-year to 5.358 billion yuan.

Xinhua News Agency reports that Guangxi Investment Group, which undertakes major strategic investment tasks in Guangxi, has achieved double growth in both operating income and profits amid a complex and challenging environment. It has optimized production management of physical industries and actively expanded markets, with its total profits increasing by 10.83% year-on-year, highlighting the role of state-owned enterprises as a "stabilizer" and "ballast stone" in economic and social development.

In terms of product exports, state-owned enterprises in the commission’s system achieved export sales revenue of 7.129 billion yuan in the first quarter, a year-on-year increase of 17.84% with an impressive performance. Among them, supervised enterprises recorded export sales of 6.826 billion yuan, up 17.41% year-on-year. Some enterprises have shown particularly strong export momentum, such as Yuchai Group, whose engine exports increased by 41% year-on-year, becoming a shining star in Guangxi’s export products.

China Economic Net notes that new product output value is a core indicator of enterprises’ technological innovation output. Since the start of 2026, Guangxi State-owned Assets Supervision and Administration Commission has continuously strengthened policy coordination, promoting joint support for state-owned enterprises’ innovation from departments including state-owned assets, science and technology, industry and information technology, and finance, while accelerating the transformation of scientific and technological achievements.

From January to March, state-owned enterprises in the commission’s system achieved a new product output value of 7.033 billion yuan, a year-on-year increase of 13.61%. Among them, supervised enterprises reached 7.028 billion yuan in new product output value, up 13.65% year-on-year. Moving forward, Guangxi State-owned Assets Supervision and Administration Commission will further improve policy support, assessment incentives and factor guarantee systems to support collaborative innovation and high-quality development of state-owned enterprises.