Economic performance of Guangxi's SOEs in 2017

I. Total assets

As of the end of December 2017, the total assets of Guangxi Zhuang autonomous region's State-owned enterprises (SOEs) amounted to 2.95 trillion yuan ($446.97 billion), a year-on-year increase of 13.61 percent. There are 50 SOEs whose total assets exceeded 10 billion yuan, and there are 61 SOEs whose total assets increased by more than 1 billion yuan.

The total assets of SOEs managed by the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region (Guangxi SASAC) reached 1.30 trillion yuan, a year-on-year increase of 10.89 percent.

II. Operating income

In 2017, the SOEs in Guangxi achieved an accumulative operating income of 684.40 billion yuan, an increase of 19.96 percent year-on-year.

Among them, the SOEs under Guangxi SASAC achieved operating revenue of 535.23 billion yuan, an increase of 19.24 percent year-on-year.
The operating income of 68 Guangxi's SOEs increased by more than 20 percent, and the operating income of 23 enterprises increased by more than 1 billion yuan.

III. Economic situation

In 2017, the SOEs in Guangxi achieved total profits of 23.20 billion yuan, a year-on-year increase of 41.81 percent. Among them, the SOEs under Guangxi SASAC achieved total profits of 17.29 billion yuan, an increase of 70.54 percent year-on-year.

IV. Social contribution

In 2017, the SOEs in Guangxi paid a total of 26.03 billion yuan in taxes and fees, an increase of 7.82 percent year-on-year.

The total labor product reached 106.13 billion yuan, a year-on-year increase of 17.85 percent. And the number of employees (excluding contractors) was 313,400, an increase of 3.24 percent year-on-year.
The total salary of employees (excluding contractors) reached 34.52 billion yuan, a year-on-year increase of 11.97 percent.

Among them, the SOEs under Guangxi SASAC paid a total of 17.92 billion yuan in taxes and fees, an increase of 11.14 percent year-on-year.

The total labor product reached 72.55 billion yuan, a year-on-year increase of 17.76 percent. And the number of employees (excluding contractors) was 194,900, an increase of 3.06 percent year-on-year.
The total salary of employees (excluding contractors) reached 23.23 billion yuan, a year-on-year increase of 12.12 percent.

V. Product export

In 2017, the SOEs in Guangxi exported 4.56 billion yuan worth of products, a year-on-year decrease of 2.43 percent. Among them, the SOEs under Guangxi SASAC achieved 3.05 billion yuan, a year-on-year decrease of 5.25 percent.

VI. New product output value

In 2017, the SOEs in Guangxi realized a new product output value of 27.26 billion yuan, an increase of 53.27 percent year-on-year. Among them, the SOEs under Guangxi SASAC achieved 10.72 billion yuan, a year-on-year decrease of 0.61 percent.

VII. Investment in fixed assets

In 2017, the SOEs in Guangxi completed a fixed asset investment of 153.02 billion yuan, a year-on-year increase of 24.59 percent. Among them, the SOEs under Guangxi SASAC completed a fixed asset investment of 54.36 billion yuan, a year-on-year increase of 17.01 percent.