Shandong Energy Group Conveys and Implements the Spirit of the Symposium for Provincial State-owned Enterprises

On January 19, Shandong Energy Group (“SDE” or “the Group”) held a special meeting to convey and study the spirit of the speech delivered by Lin Wu, Secretary of the CPC Shandong Province Committee, at the Symposium for Provincial State-owned Enterprises. Li Wei, Secretary of the CPC Shandong Energy Committee and Chairman of Shandong Energy, presided over the meeting and delivered a speech. Zhou Hong, Deputy Secretary of the CPC Shandong Energy Committee and General Manager, attended the meeting.

The meeting pointed out that Secretary Lin Wu put forward overall requirements for the high-quality development of provincial state-owned enterprises during the 15th Five-Year Plan period. He also raised specific expectations on accelerating the cultivation and development of new-quality productive forces, actively promoting the green and low-carbon transition, fully ensuring the security of industrial and supply chains, strengthening internal management, continuously optimizing the allocation of state-owned resources, and effectively preventing and defusing risks. These requirements provide fundamental guidance and direction for the Group’s future development.

All organizations at all levels of the Group shall thoroughly study and implement the spirit of Secretary Lin Wu’s speech, and in light of the arrangements of the Group’s annual work conference and the actual development of the Group, proactively identify, adapt to and pursue changes, continuously deepen reform and innovation, and make coordinated efforts to fulfill key tasks including safety, stable production, environmental protection, resource acquisition and project construction, so as to unswervingly promote high-quality development of the enterprise.

The meeting stressed that the Group will focus on developing new-quality productive forces by fostering innovation-led new-quality productive forces, promoting in-depth integration, enhancing high-quality scientific and technological supply, building high-efficiency smart ecosystems, cultivating high-quality professional teams, establishing a high-quality development model and unswervingly shifting from innovation-driven development to a new-quality production model, in which way to make scientific and technological innovation the “greatest growth driver”of the second growth curve; the Group will deepen the reform of state-owned enterprises. Under guidance of the improvement of a modern enterprise system with Chinese characteristics, the Group will focus on core directions such as functional mission leadership, first-class enterprise development and deep-rooted institutional reform, build a modern governance system with Shandong Energy characteristics and fully advance key reform tasks including internal integration, management and control system reform, and the reform of the “three systems”; the Group will give priority to high-quality green and low-carbon development, which is to focus on energy security and supply, carbon emission reduction in the energy sector and reform of the energy system, adhere to the intelligent, green and integrated way of development, upgrade the new generation of coal-fired power, actively participate in the “External Power Transmission to Shandong”initiative, and take new energy and energy storage as strategic pillars to build a new energy system featuring diversified energy complementary and coordinated development; the Group will strengthen Party leadership, which is to firmly implement the general requirements for Party building in the new era, fully integrate Party leadership into all aspects of corporate governance and Party building into the whole process of production and operation, consistently advance full and rigorous Party self-governance, strengthen regular and long-term work style improvement, and foster a sound and clean political environment. 

The meeting was held via video conference.

Zhang Ruoxiang, Jiao Qisheng, Liu Jian, Ru Gang, Liu Qiang, Hou Yugang, leaders of Shandong Energy Group, and Yang Zaichang, Chief Financial Officer, attended the meeting.