Profits of Wuhu Municipal State-owned Enterprises Up 19% Last Year

It is learned from the State-owned Assets Supervision and Administration Commission of Wuhu Municipal People’s Government that economic indicators of the municipal state-owned enterprises grew steadily in 2021. In the whole year, the total revenue of the municipal state-owned enterprises reached 53.967 billion yuan, up 46.83% year-on-year, and the total profits achieved 808 million yuan, up 18.95% year-on-year.

The state-owned capital has been greatly increased. By the end of last year, the total assets of the municipal state-owned enterprises reached 257.998 billion yuan, and the total net assets were 109.001 billion yuan, up 8.65% and 4.66% respectively year-on-year. Meanwhile, the reform of state-owned enterprises has been implemented in depth, and the construction of major projects has been accelerated. At present, 93.24% of the 74 tasks specified in the “Three-Year Action Plan for the Reform of State-owned Enterprises” have been completed. The city has also integrated 29 municipal state-owned enterprises into nine, reorganized the municipal Construction Investment Co., Ltd, established Wuhu State Owned Capital Investment & Operation Co., Ltd and the Zhongjiang Urban Construction Group, and created the main platform for state-owned capital investment and operation, state-owned assets management and urban infrastructure investment. In addition, Wuhu-Xuanzhou Airport was opened to traffic smoothly, Rail Transit Lines 1 and 2 were put into operation, and the construction of the Chengnan River Crossing Tunnel was started as well. All these major projects are making contributions to the high-quality development of Wuhu.

Translated by Wang Mengxiao from Foreign Affairs Office of Wuhu Municipal People’s Government