The total assets of state-owned enterprises in Shandong Province have reached 5.7 trillion yuan, with revenue from emerging industries accounting for over 25%.

According to a news release from Shandong, the Shandong Provincial People's Government Information Office held a press conference this afternoon, inviting responsible comrades from the Shandong Provincial State-owned Assets Supervision and Administration Commission to introduce the deepening reform of state-owned assets and state-owned enterprises in Shandong province, and promote high-quality development. As of the end of November, the total assets of Shandong provincial enterprises reached 5.7 trillion yuan; from January to November, they achieved operating income of 2.3 trillion yuan and a total profit of 86.86 billion yuan, with all major operating indicators ranking among the top in the country. The proportion of revenue from new industries in provincial enterprises has increased to 25.1%, a 6.2 percentage point increase from last year.