On January 29, the People’s Government of Shandong Province held a press conference to introduce the economic performance of provincial-level enterprises in Shandong Province in 2023. The overall economic performance of provincial-level enterprises in Shandong Province this year showed a favorable trend of “steady growth and quality improvement”. The total operating revenue, total profit, net profit, and net profit attributable to shareholders of provincial-level enterprises in Shandong Province were 2,350.44 billion yuan, 106.45 billion yuan, 75.52 billion yuan, and 16.69 billion yuan respectively, with year-on-year increases of 8.9%, 12.1%, 21.7%, and 104% respectively. By the end of 2023, the total assets of provincial-level enterprises in Shandong Province exceeded 5 trillion yuan for the first time, reaching 5,003.17 billion yuan, with a year-on-year growth of 10.5%. With operating revenue, total profit, net profit, and total assets reaching historic highs, the provincial-level enterprises in Shandong Province have achieved steady and robust development overall.

Among them, Shandong Energy ranked first in terms of total operating revenue, total profit, net profit, and net profit attributable to shareholders in 2023. The total assets exceeded 1 trillion yuan by the end of the year. It has seen a stable production of main products, with coal production reaching 270 million tons, ranking third in the country. The production of chemical products reached 20.47 million tons, and the electricity generation reached 30 billion kilowatt-hours.