Chongqing municipal state-owned enterprises post steady growth in key indicators for first three quarters

According to the Chongqing Municipal State-owned Assets Supervision and Administration Commission on 4 November 2026, municipal state-owned enterprises in Chongqing deepened reform efforts between January and September. Total profit rose by 10.8 per cent and added value increased by 9 per cent, maintaining stable expansion as reform measures delivered combined operational gains.

Chongqing Green Energy Development Company, a subsidiary of Chongqing Real Estate Group, adopted site-specific plans to bring 105 scattered idle land parcels covering roughly 400,000 square metres in central urban districts into intensive use. This land revitalisation scheme featured on the third national list of typical cases released by the National Development and Reform Commission for unlocking existing assets to expand effective investment. In June, an innovative land and cultural heritage combined transfer project run by Chongqing Urban Construction Investment Group received recognition from the Ministry of Natural Resources. Five scattered plots with a total area of around 2.52 hectares sold for 472 million yuan, unlocking dormant assets while preserving urban historical features.

Fifteen enterprises including Chongqing Digital Resources Group, Chongqing Yufu Holding Group and Chongqing Urban Construction Investment Group recorded growth above the municipal average. Municipal state-owned enterprises continued loss containment and streamlining, while accelerating restructuring and transformation. Assets worth 37.88 billion yuan were unlocked and 20.83 billion yuan in funds recovered, reaching 94.7 per cent and 104.1 per cent of the respective annual targets.

Research and development spending expanded to support technical breakthroughs. Chongqing Agricultural Investment Group allocated 77.94 million yuan to research and development in the period, a year-on-year rise of 43 per cent. Its dairy division secured stable mass production for three probiotic strains, while its oil and fats division mastered high-precision testing techniques for glycidyl esters. A project led by Kaixin Grain and Oil Company under the group on the breeding and deployment of the high‑yield rapeseed variety Qingyou No.3 won first prize for scientific and technological progress in the 2025 Chongqing Science and Technology Awards. Fifteen achievements from municipal state-owned enterprises received scientific and technological progress awards in the 2025 round, and Chongqing Pump Industry Co., Ltd collected the enterprise technological innovation award.

Municipal state-owned enterprises carried out seven defined initiatives to back the city’s innovation drive. R&D expenditure for key municipal state-owned enterprises climbed by 9.68 per cent year on year, and spending by industrial enterprises in the portfolio grew by 12.13 per cent. Work advanced across five areas: innovation capacity building, core technology research, advanced industrial development, artificial intelligence deployment and innovation ecosystem development.

Chongqing Yufu Holding Group deployed 9.445 billion yuan through direct investment and managed funds to leverage 41.4 billion yuan of project investment, delivering a fourfold amplification of capital. Advanced manufacturing and strategic emerging industries accounted for 85.22 per cent of this investment, and seven additional portfolio firms secured stock market listings. Across all municipal state-owned enterprises, total investment reached 155.76 billion yuan in the first three quarters, an increase of 5.2 per cent on the same period a year earlier. Investment in municipal priority projects hit 110.47 billion yuan, equal to 75.2 per cent of the annual investment plan.

Logistics corridor capacity expanded alongside capital deployment. Chongqing Logistics Group handled 1.728 million twenty‑foot equivalent units through its four international logistics routes, up 8.2 per cent year on year. Three transport modes on the New International Land‑Sea Trade Corridor moved 288,000 twenty‑foot equivalent units, representing a 17 per cent rise. Chongqing Minsheng Group recorded a 56.2 per cent year-on-year increase in cargo organised for the corridor and carried more than 250,000 finished vehicles. Chongqing Bonded Port Area Group opened a foundry aluminium alloy futures delivery warehouse, the largest of its kind in south‑west China and the fifth nationwide. A waste‑to‑energy plant built by Chongqing Sanfeng Environment Group in Nakhon Pathom, Thailand, was connected to the power grid. Municipal state-owned enterprises are delivering 28 priority tasks laid out in the work list for supporting the New International Land‑Sea Trade Corridor.