Abstract has 11 A-share companies and a Hong Kong company China North Industries Group Corporation July 22 disclosure, Ordnance Group has formulated and issued "the company comprehensively deepen reforms leading group 2014-- main points in 2015," military research and management System reform, total...
China Ordnance Industry Group Co., Ltd., which owns 11 A-share companies and one Hong Kong-owned company, disclosed on July 22 that the Ordnance Group has formulated and issued the "Working Points of the Group's Comprehensive Deepening Reform Leading Group for 2014-2015" and the Military Scientific Research Management System. The reform, the reform of the headquarters's streamlined examination and approval items, the pilot system of mixed ownership and key personnel holding incentives, the reform of the three systems, the separation and transfer of the "three offerings and one industry", and the reform of military industrial units will be promoted in an orderly manner. From July 14 to 16, Yin Jiaxu, the chairman and party secretary of the Ordnance Group, demanded at the enlarged meeting of the party group that it should vigorously promote the "no-restriction zone reform" under the legal and policy framework. Don't wait, don't expect, don't drag, don't be afraid . Identify the breakthroughs and focus points of the reform, and actively carry out pilot projects in the areas of mixed ownership, employee stock ownership, and selection of professional managers.
Various reforms will set a timetable
Yin Jiaxu said that it is necessary to vigorously promote the "no-restriction zone reform" under the legal and policy framework. Under the premise of observing the legal, policy and procedural justice, there are no prohibited provisions on laws and regulations, national and local policies, and matters that are conducive to "three further liberation", are conducive to promoting enterprise development, and are conducive to increasing employee income. All units and departments must make bold reforms.
Yin Jiaxu emphasized that it is necessary to actively carry out pilot work in the areas of mixed ownership, employee stock ownership, and selection of professional managers. Difficult enterprises and sectors must break through and divide them into pieces. Each piece introduces market mechanisms, and each piece must create value.
Yin Jiaxu said that at present and in the future, the pricing method of military products has undergone fundamental changes, and price has become an important factor in whether or not to order. Easy to use, applicable, durable, inexpensive, and use has become an essential requirement for equipment. Competition will Normalization. To change the concept of work, firmly establish the military products that are commodities, and the military is the idea of ​​"God." At the same time, we must change the way we work, adhere to the standards set by users, insist on setting prices with competitors, and insist on taking actions with market requirements.
Yin Jiaxu also stressed that in the second half of the year, it is necessary to attach great importance to the loss-making and loss reduction of large loss-making households, strengthen internal management, substantially reduce the “three public†funds and non-productive expenditures, and pay close attention to the cash flow of enterprises and continue to strengthen the “two golds†occupation. Control and control, and effectively prevent and avoid the risk of breakage of the capital chain.
Wen Gang, general manager of the group company, said that it is necessary to promote the development of the Beidou industry, accelerate the construction of military core competence, prepare for the military adjustment, accelerate the implementation of the civil product revitalization plan, promote the construction of key projects and industrial parks, and accelerate the development of new products. R&D and transformation of scientific and technological achievements. All reforms must have a timetable to ensure that “a blueprint is drawn to the endâ€.
Asset integration is expected to accelerate
According to public information, the Ordnance Group is one of the two major weapons and equipment manufacturing enterprises in China. Its business development direction is mainly divided into three major industrial sectors: defense products, civilian products and strategic resources. The defense products business mainly provides military products including armored assault, air defense and anti-missile, remote suppression, precision strike, high-efficiency damage, information night vision, etc.; civilian products are mainly made up of heavy equipment and vehicles, special chemicals and petrochemicals, photoelectric information and new materials. The three industries of energy; the strategic resources are mainly composed of overseas investment in the acquisition of natural resources development businesses such as oil fields and mines. As of the end of 2013, the total assets of the Ordnance Group was 298.4 billion yuan, ranking 152th among the world's top 500 enterprises in 2014.
The Ordnance Group currently has 11 A-share companies and 1 Hong Kong stock company. In 2012, the total operating income and profit of the 12 listed companies were 56.664 billion yuan and 764 million yuan respectively, accounting for only 16% and 7.3% of the Group's operating income. . Among them, 11 A-share companies mainly deal in defense products, heavy equipment and vehicles, and chemical sectors. The majority of the military products business is the North Navigation and Optoelectronics shares, accounting for about 70% of the income of the two companies. In addition, there are a small number of military-related parts business in the north of the main railway equipment.
It is worth mentioning that on July 21, China Ordnance Group also signed a strategic cooperation agreement with the Jiangxi Provincial Government. The Ordnance Group will strengthen information technology equipment, non-ferrous metals and mineral resources, auto parts, Beidou and location service industries. The layout and deep cooperation of the municipal engineering industry and the military-civilian combination industry in Jiangxi Province.
Since the beginning of this year, the integration of military and civilians, restructuring, and restructuring have created a wave of reforms in the military industry. Analysts pointed out that on the one hand, the market access threshold for military equipment will be relaxed, and the pace of military-civilian integration will be accelerated; on the other hand, the pilot program for restructuring military and industrial research institutes has been reported to the relevant departments, and the mixed ownership reform of the military sector will It is the focus and hot spot of state-owned enterprise reform. The Ordnance Group took the lead in promoting the all-round reform, and the asset integration of listed companies under the Ordnance Group is expected to accelerate.
Summary of listed companies affiliated to China Ordnance Industry Group:
Defense assets:
Northern Navigation (600435) The first military-integrated listed company: The company's main military products include remote control technology products, stable technology products, fire control technology products, inertial navigation and optoelectronic control technology products, intelligent robot technology products, and scene observation platform technology products. Six series, military products, non-war military operations equipment and civilian products.
Optoelectronics (600184)'s main business shifts to defense, photovoltaic solar and optoelectronic materials and devices. With the assembly assembly weapon system and precision guidance device series as the leading products, we will build a professional manufacturer of high-tech weapon systems for aviation and ground fire control products.
Beihua Co., Ltd. (002246) is the world's largest manufacturer of nitrocellulose products. The production and sales of nitrocellulose has ranked first in the world for many years. Nitrocellulose manufactures the main raw materials for guns and propellants.
Jiangnan Hongjian (000519) company's main products are cylinder liners and pistons for key components of internal combustion engines, which are widely used in various motor vehicles such as automobiles, motorcycles, agricultural machinery, construction machinery, and ship tanks. Zhongnan Diamond Superhard Materials is injected into the company.
Railway and automotive related assets:
Jinxi Axle (600495) is the largest manufacturer in China with the largest number of axle specifications, the first to obtain export train axles, subway axle qualifications and the largest export axles.
Northern Entrepreneurship (600967) domestic railway vehicle manufacturing leader: The company has more than 20 years of manufacturing history of railway wagons and key components.
Changchun Yidong (600148) Company is a leading enterprise in the domestic automobile clutch manufacturing industry, and its products mainly provide complete vehicle support for FAW Group and Changan Automobile.
Lingyun Co., Ltd. (600480) specializes in large-scale automotive roller presses, automotive stamping products and gas pipeline products.
The Northern Shares (600262) Company is the largest research and production base for heavy mining vehicles and engineering machinery in China.
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