Securities Time:
Could you share the overall achievements of the campaign organized by SASAC for closer cooperation across industrial chains in 2023, and also the plans for this year? Thank you.
Zhuang Shuxin:
Thank you for your question. As we know, China has a large and comprehensive industrial system, but it also faces numerous bottlenecks and challenges. These require not only guidance from policy departments but also proactive efforts from enterprises, especially industry leaders, to efficiently link upstream and downstream operations and ensure smooth production and supply cycles.
Last September, SASAC, along with the Ministry of Industry and Information Technology, initiated the common chain campaign aiming to build closer collaborations across the industrial chain. By establishing platforms for cooperation and supply-demand matchmaking, we have promoted deeper collaboration between central SOEs and those in the industrial chains, working to build a new pattern of orderly competition and integrated development among large, medium, and small enterprises.
On one hand, we focused on building a new mechanism for cooperation across the industrial chain. Through joint ventures, increased investments, mergers, and acquisitions, we established mechanisms for supply-demand matching, joint project development, and shared results, enhancing the efficiency of industrial chain collaboration. We have also leveraged the strengths of industry leaders to create a new ecosystem featuring openness, shared benefits, integration, and win-win cooperation.
On the other hand, we focused on laying a solid foundation for the security and development of the industrial chain. We have strengthened innovation cooperation with enterprises in the industrial chain, jointly undertaking projects to strengthen foundations, improve weaknesses, and remake industrial basic capabilities, aiming to resolve the issues of a lack of foundational components and core technologies in the industrial system. We opened up the application scenarios of central SOEs to allow more products and services from the industrial chain to be included in the procurement catalog, starting from initial installations and editions. This has created conditions for the large-scale application of new products and technologies and accelerated the advancement of new industrialization.
By the end of last year, central SOEs hosted 13 events under the campaign, covering areas like machine tools, mobile information, rail transit, and low-carbon metallurgy in Beijing, Shanghai, Guangzhou, Shenyang, and other places. They released over 1,000 supply and demand lists, signed off over 5,000 agreements, and established deep cooperation with numerous enterprises.
Notably, the State Grid created the world's largest new energy cloud platform, providing a one-stop service for new energy planning, grid connection, and transactions. The platform hosts 17,000 companies, providing grid connection services for over 12,000 projects.
State Power Investment Corporation Limited (SPIC), through its contract-based cooperation model, has made solid strides in industrial chain development surrounding the "Guohe One" project, achieving 100% domestic substitution capability for entire machines by the end of 2023.
CRRC Corporation Limited has led the coordinated development of over 6,900 enterprises in the rail transit equipment chain, forming two world-class industrial clusters in Zhuzhou and Qingdao, with a global new vehicle sales market share exceeding 30%.
China Mobile fully upgraded its partnership program to connect and cooperate with enterprises across the industrial chain, conducting over 550 collaborative projects with key industry enterprises and providing over 150 billion yuan in supply chain finance services.
Going forward, SASAC and central SOEs will take more substantial measures to consolidate the campaign, significantly enhancing the resilience and competitiveness of the country's industrial chain.
We will further enhance coordination between the supply and demand sides. To further promote industrial integration and development, we will conduct more high-quality thematic activities, release more supply-demand lists, and attract more enterprises to join our campaign.
We will also innovate in how we conduct the campaign, organizing joint, high-level events in large-scale industries and enhancing cooperation to jointly build industrial clusters in regions with relatively sound industrial foundations.
We will continue to create cooperation outcomes. With continuous efforts in supply-demand connection, collaborative support, innovative cooperation, resource sharing, industry empowerment, and industrial integration, we aim to develop a number of effective, replicable cooperation models and create high-quality, influential demonstration projects. The goal is to promote the integrated development of upstream, midstream, and downstream enterprises as well as among big, medium, and small enterprises. Thank you.
Xie Yingjun:
Due to time limitations, we'll take one last question.
