Hubei Provincial State-owned Enterprises Drive Innovation, Deliver Landmark Achievements

Since January this year, after the State-owned Assets Supervision and Administration Commission of Hubei Province and the Department of Science and Technology of Hubei Province jointly issued the Several Measures on Promoting Scientific and Technological Innovation of Provincial State-owned Enterprises to Lead Industrial Innovation, provincial state-owned enterprises have tackled key problems with core technologies, empowered development with financial support, gathered strength through industrial ecology and laid a foundation with talent platforms. A number of landmark achievements have emerged, contributing the strength of state-owned assets and enterprises to accelerating the construction of Hubei as a key support point.

Hubei Daily reports that provincial state-owned enterprises have focused on solving industrial bottlenecks, turning industrial waste into valuable resources. On April 14, in the production workshop of Changjiang Guopeng, an ecological holding enterprise under Changjiang Industry Group, hollow board packaging boxes made of phosphogypsum were neatly stacked, ready to be shipped to markets across the country.

Previously, domestic enterprises had been unable to achieve mass production of such products. The R&D team of Changjiang Guopeng conducted more than 3,000 experiments to adjust the formula, not only overcoming the problem of moisture control but also reducing the cost per ton of products by 10% to 15%. After 32 formula iterations, they broke through the mass production bottleneck, enabling the production line to operate continuously for 24 hours. An 18-billion-yuan phosphogypsum high-value industrial park in Yidu is under construction, with its first phase project capable of producing 100,000 boxes per day to be put into operation soon.

In March, the "High-content Waste SBS Modified Asphalt Pavement Material Low-carbon Warm Mix Synchronous Recycling Technology" developed by Hubei Communications Investment Group in conjunction with Huazhong University of Science and Technology won the gold medal at the 29th Moscow "Archimedes" International Invention and Innovation Technology Exhibition. Applied in the maintenance of Beijing-Zhuhai Expressway, the technology achieves a recycling efficiency of over 90%, saving 140,000 yuan in material costs per kilometer and reducing carbon emissions by more than 20%.

Financial support has boosted the leapfrog development of strategic emerging industries. China News Service notes that at the Global Unicorn Enterprise Conference on March 29, it was announced that China had 416 unicorn enterprises, ranking second in the world. Among the 10 Hubei enterprises on the list, 8 were invested by Changjiang Industry Group, including Weneng Battery and Changjiang Storage, a "China Super Unicorn".

Hubei Hongtai Group has fostered a fast track for innovative enterprises through the multi-level capital market. Its Wuhan Equity Exchange has helped specialized, refined, characteristic and new enterprises such as Hanjiang Testing and Jiuxiang Electronics list on the New Third Board this year. Hubei Communications Investment Group, the first provincial state-owned enterprise with "dual academician workstations" in Hubei, unveiled the Liu Jingnan Academician Workstation in January, focusing on "Beidou + Intelligent Transportation" technology.

Hubei United Investment Group launched a "project bidding" mechanism in January, releasing technological innovation projects such as A Coating for Millimeter Wave Radar Signal Enhancement, which attracted teams from Wuhan University and other universities. These efforts have activated the innovation ecology, helping Hubei’s provincial state-owned enterprises make remarkable progress in scientific and technological innovation and industrial upgrading.