Ningxia State-owned Enterprises Deliver Solid Growth with Accelerated Investment and Reform Progress

According to local state-owned media reports, Ningxia’s supervised regional state-owned enterprises have achieved steady operational growth across key economic indicators in the first five months of the year. By the end of May, five supervised regional enterprises recorded an operating revenue of 12.211 billion yuan and a total profit of 1.16 billion yuan, with an added economic value of 5.018 billion yuan.

Latest official figures show the total assets of Ningxia’s supervised state-owned enterprises reached 311.64 billion yuan in the January–May period, representing a year-on-year increase of 11.9 per cent. Net assets stood at 142.668 billion yuan, up 6.3 per cent year on year, while the state-owned capital preservation and appreciation ratio registered 100.7 per cent, reflecting robust asset quality and capital stability.

Since the start of the year, state-owned asset authorities in Ningxia have guided supervised enterprises to stabilise daily production and operational efficiency while advancing capacity expansion and industrial restructuring. Major business indicators have maintained a positive upward trend, delivering tangible improvements in operational quality and economic efficiency.

Enterprise operational profitability has outpaced revenue growth throughout the first five months, marking continuous optimisation of internal development quality. Full labour productivity rose by 1.9 per cent year on year. The operating revenue profit margin increased by 0.6 percentage points, and the cash collection rate of operating revenue improved by 0.9 percentage points. The intensity of research and development investment edged up by 0.06 percentage points, while the proportion of two key current asset funds in total liquid assets dropped by 2 percentage points. Continuous progress in operational upgrading has improved resource allocation efficiency, refined asset management standards and unlocked institutional dividends from ongoing state-owned enterprise reforms.

Fixed-asset investment has acted as a strong driver of regional industrial growth, with key projects advancing at an accelerated pace. Ningxia’s supervised state-owned enterprises have completed 9.57 billion yuan in fixed-asset investment over the first five months, fulfilling 49.8 per cent of the annual planned investment of 19.217 billion yuan and exceeding the scheduled progress benchmark by 8.1 percentage points.

Multiple landmark projects have achieved phased operational milestones. The 350MW wind-solar hybrid project in Yingshuiqiao, Zhongwei, has realised full-capacity grid connection to scale up clean energy output. The first phase of the regional hazardous waste comprehensive disposal centre has obtained official operational licensing credentials. Infrastructure construction on the Ningxia section of the Yinchuan–Alxa Left Banner railway and the dedicated railway line for Yinchuan International Road-Rail Logistics Port is progressing steadily, improving regional intermodal transport connectivity.

Deepened institutional restructuring has further energised the state-owned economy. The merger and integration between Ningxia State-owned Capital Operation Group and Ningxia State-owned Asset Investment Holding Group has been fully completed. The restructuring aims to integrate industrial resources and financial capabilities, building a mutually reinforcing development model that links industrial development with financial services. The overhaul strengthens capital operation capacity and industrial incubation functions, forming a benchmark model for integrated industrial and financial development among local state-owned enterprises.

Ongoing structural adjustments have optimised the layout of the regional state-owned economy and enhanced the core competitiveness of key market entities. Local state-owned asset authorities will continue to strengthen real-time economic monitoring to ensure the delivery of preset economic targets for the first half of the year.

Future work will align fully with regional development planning and the 15th Five-Year Outline, further deepening state-owned enterprise reform and optimising the distribution of state-owned capital. Industrial upgrading and turnaround plans for Northwest Bearing will be pushed forward steadily. Cross-regional cooperation with leading industrial enterprises in other provinces will be expanded to introduce high-quality business partnerships and consolidate external collaborative resources for local industrial transformation.