Heilongjiang Provincial State-owned Enterprises Achieve Strong Start in Q1 2026, Boosting High-quality Development

As spring unfolds across northern China, farming preparations are in full swing. Heilongjiang Agricultural Investment Group’s seed farms have closely focused on the annual grain production target, advancing agricultural work solidly across the province and playing a pivotal role as the "ballast stone" for food security, setting a dynamic tone for the province’s local state-owned enterprises in the first quarter of 2026.

People’s Network Heilongjiang Channel reported that local state-owned enterprises in Heilongjiang achieved an added value of 14.527 billion yuan in Q1 2026, a year-on-year increase of 1.43%. Among them, enterprises funded by the Provincial State-owned Assets Supervision and Administration Commission (SASAC) recorded an added value of 8.955 billion yuan, up 0.04% year-on-year, with major economic indicators maintaining a steady upward trend and key enterprises, projects and fields working in synergy to secure a strong start.

Key projects are advancing steadily amid a booming construction drive. The new coal mine construction project cooperating with Jixi Mining Company has officially started, with a total investment of 4.1 billion yuan and a construction period of 43 months. With recoverable reserves of 130 million tons and a designed annual production capacity of 1.5 million tons, the mine will be equipped with a modern coal preparation plant, providing vital support for regional energy supply after completion.

Longjian Road and Bridge Co., Ltd. has won four projects in Q1 with a total bid value of 194 million yuan. The JTBL-03 section of the Anhui G3 Beijing-Taipei Expressway reconstruction project, undertaken by the company, has completed the right-hand asphalt surface paving and the entire main project, marking a key progress in improving regional transportation connectivity. Guangming Net noted that the G3 Beijing-Taipei Expressway reconstruction project is a major transportation artery connecting northern and southern Anhui, and its completion will promote interconnection between northern Anhui, Hefei urban circle and the Yangtze River Delta region.

Major industrial enterprises have maintained sound operations. Xinchantou Group achieved an operating income of 3.2 billion yuan, a year-on-year increase of 9.21% and a record high for the same period, with profits reaching 240 million yuan, up 9.09% year-on-year. Heilongjiang Railway Group saw freight volume surge by 132.80% year-on-year to 716,100 tons, while passenger volume rose by 3% to 56,200 person-times, reflecting a strong recovery in the transportation sector.

Innovation and investment have been intensified to fuel high-quality development. Local state-owned enterprises invested 221 million yuan in R&D in Q1, a year-on-year increase of 0.96%, with the R&D intensity rising by 0.03 percentage points. SASAC-funded enterprises completed 2.407 billion yuan of investment in 94 projects, up 20.88% year-on-year, including 44 strategic emerging industry projects with an investment of 580 million yuan.

China News Network stated that Heilongjiang’s state-owned enterprises will continue to focus on their core businesses, pay close attention to production and operation, project construction, reform and innovation. With more concrete measures and stronger responsibility, they will promote sustained economic improvement and contribute to Heilongjiang’s high-quality development and sustainable revitalization.