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CICC was rated A- level for the first time
Release time:
16 Sep,2015
Source:
Recently, the State-owned Assets Supervision and Administration Commission of the State Council announced the list of A- level enterprises in the 2010 performance evaluation. China National Gold Corporation, the only central enterprise in my country's gold industry, ranked 38th among 47 A- level enterprises. This is the first time that China National Gold Corporation has entered the first sequence of performance appraisal of central enterprises since the State-owned Assets Supervision and Administration Commission implemented performance appraisal of central enterprises.
At the end of 2009, the State-owned Assets Supervision and Administration Commission made major adjustments to the operating performance evaluation indicators of the heads of central enterprises, replacing the traditional return on equity (ROE) indicators with economic value added (EVA) indicators, making it the largest weight in the annual operating performance evaluation. The indicators were fully implemented in central enterprises in 2010, opening a value creation-oriented management era. Surrogacy
2010 is not only a decisive year for China National Gold Corporation to achieve the goal of "quadrupling in four years", but also a year for central enterprises to implement new assessment methods. The introduction of economic value added indicators in performance evaluation is a major challenge and test for China National Gold Group Corporation with large project construction scale, long construction period, large capital demand and fast development speed. However, China National Gold Corporation has not been deterred. In a short period of one year, the group company has taken scientific development as the first priority, and the initiative to strive for excellence as an opportunity. All employees have fought bravely and won a decisive battle to overcome many unfavorable factors. The effective implementation of measures such as strengthening production management, accelerating the pace of investment, implementing monthly assessment, promoting overseas development, strengthening risk management and control, implementing salary system reform, and extending the industrial chain, the annual task has been overfulfilled in an all-round way, bringing a victory, success and success to the goal of "quadrupling in four years" and the work during the Eleventh five-year Plan period.
As of the end of 2010, China National Gold Corporation's annual economic value-added target completion rate was 974.85, creating the best level in history; operating income and total assets increased by 5.1 times and 4.1 times compared with 2006, and successfully achieved "quadrupling in four years" "Leapfrog development.
According to the latest statistics, by the end of June 2011, China National Gold Corporation achieved a profit of 2.4 billion billion yuan, an increase of 55.4 percent year-on-year.
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