SASAC Holds "Double Hundred Action" Expansion and Deepening On-site Promotion Meeting | XCMG Work Experience Exchange

Recently，To further study and implement Xi Jinping's socialist thought with Chinese characteristics in the new era，Fully implement the spirit of the 20th National Congress of the CPC，Focus on in-depth promotion“Double Hundred Action”，Create more modern new state-owned enterprises that truly operate according to the market-oriented mechanism.，“Double Hundred Action”The on-site promotion meeting of expanding and deepening was held in Guangzhou。

Member of the SASAC Party Committee of the State Council、Deputy Director Weng Jieming attended the meeting and made an important speech.。Representatives of four benchmarking enterprises such as Xugong Machinery and two newly expanded enterprises made exchanges and speeches.。Relevant departments and bureaus of the SASAC of the State Council、Person in charge of the directly affiliated unit，Central enterprises、Local SASAC and its subsidiaries“Double Hundred Enterprises”Relevant responsible persons attended the meeting.。

August 2018，Reform of state-owned enterprises“Double Hundred Action”Officially launched，More than 100 sub-enterprises of central enterprises and more than 100 key local state-owned enterprises were selected.，Actively explore and innovate to promote comprehensive reform，Build a batch“Vanguard of reform”。

“Double Hundred Action”Since its implementation，Relevant enterprises are innovating in science and technology.、Market-oriented reform、Operating efficiency and other aspects have been handed over.“Report card”。After this expansion“Double Hundred Enterprises”The total has reached 580.，The leading role of demonstration of special reform projects will be further developed.。

March 27, 2022，The General Office of the SASAC of the State Council announced the local“Double Hundred Enterprises”List of Benchmarking Enterprises for Evaluation，XCMG from 190 households nationwide“Double Hundred Enterprises”Stand out from the crowd，Become one of the 25 benchmarks。

As one of the representatives of six units who spoke on the spot.，President of XCMG、Lu Chuan, Deputy Secretary of the Party Committee, introduced in detail.“Double Hundred Action”Main achievements of comprehensive reform。

Included since 2018“Double Hundred Enterprises”Since，XCMG Steadily Promotes the Reform of Mixed Ownership。2020，Successfully introduced 15 strategic investors，The total amount raised is 210.5.6 billion yuan；Promote the completion of 435 core backbone employee stock ownership，The total contribution is 8.68.5 billion yuan，Shareholding ratio 2.72%，Formed“State-owned enterprises hold shares+Equity participation of private enterprises+Core backbone shareholding”A tripartite community of interests.，Promote complementary advantages of all kinds of subjects。Start the overall listing work immediately after the completion of the mixed reform，Listed company XCMG reverse absorption merger of XCMG Limited。August 29, 2022，Successfully passed the examination and approval of the Reorganization Committee of the CSRC，Obtain formal approval，Realize the overall listing。

Next step，Xugong Machinery will thoroughly implement the spirit of the General Secretary's important speech on the reform and development of Xugong.，Complete, accurate and comprehensive implementation of the new development concept，Landing"Two steps to the summit of Mount Everest"Strategic Blueprint，Continue to deepen reform，Really change the vitality.，Change out the competitiveness，Strive to create product excellence、The brand is outstanding、Leading in innovation、Manage a modern world-class enterprise。

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