State-owned enterprises in Baotou carry out reforms to boost revenue

Updated: Apr 7, 2023 Print
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A production line of State-owned Baogang FA Group in Baotou [Photo/WeChat account of Baotou Daily]

This year, 13 State-owned enterprises in Baotou are expected to achieve 6.8 billion yuan ($989.41 million) in operating revenue, up about 8 percent year-on-year, thanks to reforms carried out among State-owned enterprises in the city.

In 2020, the country began a three-year campaign to reform and reorganize State-owned enterprises.

Through such efforts, Baotou Human Resource Service Group Co integrated three sub-sectors of traditional human resource services, outsourcing services, and talent training at the beginning of the year.

"We aim to become the most influential HR service company in West China," said Guo Ran, deputy general manager of the company.

"This year, the company is aiming for a revenue of 200 million yuan and a net profit of 5 million yuan. In the future, we expect our annual revenue to reach about 300 million yuan," he added.

Baotou Culture and Tourism Development Group has integrated the city's cultural, tourism and sports resources. Major scenic spots in the city will hold more than 400 cultural tourism sports activities this year.

"We will give full play to the advantages of these cultural, tourism and sports resources, driving investment and consumption," said Wang Fujun, general manager of the group.

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