In the first half of this year, the operating quality and efficiency of local state-owned state-owned enterprises improved at the same time. Local supervised enterprises achieved a total profit of 812.68 billion yuan, an increase of 7% over the previous year, and fixed asset investment of 2.6 trillion yuan. This is the latest data revealed at a seminar for local SASAC heads held by the State Council's State-owned Assets Administration Commission from July 28 to 29. Cheng Fubo, director of the State Council's State-owned Assets Administration Commission, explained that scientific and technological innovation in local state-owned enterprises accelerated in the first half of the year. R&D investment increased steadily, with R&D spending of 269.36 billion yuan, an increase of 2.9% over the previous year. Collaborative innovation continues to be deepened. Local supervisory enterprises actively participated in the construction of 19 central enterprise innovation consortia to jointly overcome a number of key technologies in computing power networks, etc. Major achievements continue to emerge. “Beibrain 1” independently developed by Beijing completed the first multi-center clinical trial implantation surgery, promoting brain-computer interface technology from the laboratory to practical application. Hunan broke through nanoscale optical mirror aluminum “stuck neck” technology to localize high-end ultra-fine aluminum.

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