China Resources Group Holds Working Meeting for the Third Quarter of 2023

2023-10-22 10:45:21

The purpose of the meeting is to fully implement the spirit of the 20th National Congress of the Communist Party of China, implement the work requirements of the SASAC Central Enterprise Economic Operation Briefing, summarize the work in the first three quarters, deploy the key tasks in the fourth quarter and the closing work at the end of the year, and take more vigorous and practical measures to ensure the successful completion of the year-round goals and tasks.

On October 20, China Resources Group held a working meeting for the third quarter of 2023 at China Resources Building in Shenzhen. Wang Xiangming, Wang Cuijun, Bai Yong, Pan Fu, Wang Chuandong, Quan Huaqiang, Han Yuewei, Lan Yi and other leaders of the Group, Wang Binghua, Wang Zheng, Ma Shaoxiang, Wu Xiaogen and other external directors of the Group, heads of departments, business units and directly affiliated institutions of the Group, external directors of some business units, chief representatives of various regions, about 120 people attended the meeting on the spot or through video access.

▲ Shenzhen Main Venue & nbsp; ▲ The

purpose of the meeting is to fully implement the spirit of the 20th National Congress of the Communist Party of China, implement the work requirements of the SASAC's briefing on the economic operation of central enterprises, summarize the work in the first three quarters, deploy the key tasks in the fourth quarter and the closing work at the end of the year, and take more vigorous and practical measures to ensure the successful completion of the annual target tasks.

▲ Beijing Branch & nbsp; ▲

▲ Hong Kong Branch & nbsp; ▲

Director Bai Yong of the Group chaired the meeting. The person in charge of the Finance Department and the person in charge of the Strategy Department of the Group respectively reported the strategic implementation and financial analysis report of the Group in the first three quarters, and the leaders of the Group made comments and speeches on the operation of the Group in the third quarter and the key work in the fourth quarter. In the first three quarters of

2023, the Group achieved an overall revenue of RMB597.9 billion, representing a year-on-year increase of 6.4%; a total profit of RMB62.3 billion, representing a year-on-year increase of 5.3%; and a net profit of RMB47 billion, representing a year-on-year increase of 2.1%. The overall performance was better than average growth rate of central enterprises. General Manager

Wang Cuijun delivered a speech entitled Go All Out & nbsp; Forward Bravely & nbsp; Accomplishing the year-round goals and tasks with high quality. Focusing on "positive growth of overall revenue and profit, continuous differentiation of plate performance, key performance support provided by some business units, faster investment completion than same period last year, continuous growth of R & D investment, top-level design completed by deepening reform and upgrading actions, and hierarchical promotion of world-class enterprise construction," Summarize and comment on the overall operation of the Group in the first three quarters from eight aspects, including the mid-term review of the "14th Five-Year Plan" strategy carried out on schedule, and put forward six specific requirements for the work of each business unit in the fourth quarter:

first, focus on the achievement of business objectives;

second, focus on the promotion of key tasks;

The third is to do a good job in deepening the reform and upgrading actions;

the fourth is to do a good job in closing the mid-term review of the 14th Five-Year Plan;

the fifth is to do a good job in preventing major risks; and

the sixth is to do a good job in key issues at the end of the year. Chairman

Wang Xiangming made a speech entitled "Taking Responsibility and Doing Practical Work & nbsp; Reform Breakthroughs to Promote High-quality Development to a New Level". Wang Dong said that since this year, the Group has firmly grasped the primary task of high-quality development, closely followed the year-round goals, worked hard and faced difficulties, and promoted the overall work to achieve a good development trend of "steady progress, progress and improvement". In the first three quarters, the overall operating performance of the Group maintained a leading position, with remarkable results in improving quality and efficiency and achieving steady growth; the industrial development made steady progress, and the leading and controlling power continued to be strengthened; the key tasks were steadily promoted, and the new advantages and new momentum were accelerated to shape; the Group resolutely served the "big country", and implemented the national strategy more effectively; the overall development and safety were coordinated, and the risk provention and control ability was effectively improved.

In order to effectively implement the requirements of the economic operation briefing of central SOEs and ensure the successful completion of the annual objectives and tasks, Wang Dong put forward four specific requirements:

First, strengthen confidence, go all out to overcome difficulties and improve quality and efficiency. We should spare no effort to achieve the annual performance appraisal target, expand the market, reduce costs and improve efficiency, expand effective investment and increase stamina.

Second, innovation-driven, transformation and upgrading, shaping new advantages and new momentum for high-quality development. We should spare no effort to develop strategic emerging industries, firmly promote the transformation and upgrading of traditional industries, accelerate the upgrading of scientific and technological innovation capabilities, and firmly promote Hong Kong's business.

Third, higher standing and greater efforts should be made to push forward the reform of enterprises in depth. We should do a good job in deepening the reform of state-owned enterprises and accelerate the establishment of world-class enterprises.

Fourth, we should strengthen awareness, improve mechanisms, and firmly provention and control risks and keep the bottom line. We should strictly guard against and deal with all kinds of risks, improve the long-term mechanism of compliance management, and do a good job in safety production.

Wang Dong pointed out that doing a good job in the fourth quarter is of vital importance to the successful completion of the year-round goals and tasks. We should take an active role, forge ahead and work hard to achieve higher performance goals for the whole year with a sense of urgency of "can't wait", a sense of crisis of "can't wait" and a sense of responsibility of "can't sit still".

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The purpose of the meeting is to fully implement the spirit of the 20th National Congress of the Communist Party of China, implement the work requirements of the SASAC Central Enterprise Economic Operation Briefing, summarize the work in the first three quarters, deploy the key tasks in the fourth quarter and the closing work at the end of the year, and take more vigorous and practical measures to ensure the successful completion of the year-round goals and tasks.

2023-10-22 10:45:21