Recently, the first 110 kV polypropylene insulated cable in China was put into operation, marking the entry of China's green cable into the stage of industrial application; At the beginning of this year, China's first high-voltage mobile energy storage power station was put into operation; In 2021, the domestically produced power dedicated main control chip "Fuxi" will be put into mass production

In recent years, China Southern Power Grid Corporation has taken six affiliated enterprises as a breakthrough in the "Special Action for Deepening Marketization Reform and Enhancing Independent Innovation Ability of Hundred Science and Technology Enterprises" (the "Science and Technology Reform Action"), exploring the path of high-quality development driven by high standard reform and high-level innovation, and continuously shaping new driving forces and advantages for development.

The practice of Southern Power Grid is a vivid epitome of the "Science and Technology Reform Action". This special project for state-owned enterprise reform, launched in April 2020, supports and guides state-owned technology-based enterprises to make new breakthroughs in market-oriented reform and enhance their independent innovation capabilities. Over the past three years, despite differences in scale, industry attributes, and reform foundations, "Science and Technology Reform Enterprises" have adhered to the "dual wheel drive" of reform and innovation, achieving fruitful results.

In the past three years, the "Science and Technology Reform Enterprise" has won 66 the State Technological Innovation Award and National Science and Technology Progress Awards, with 44000 newly authorized invention patents. In 2022, the revenue and net profit of "Science and Technology Reform Enterprises" increased by 33.6% and 40.9% respectively compared to 2020, and the total labor productivity increased by 30.1% compared to 2020.

Since the implementation of the action, "Science and Technology Reform Enterprises" have enriched the reform "toolbox" and pressed the "acceleration button" in the areas of governance, personnel selection, incentive mechanisms and other reforms——

The "Science and Technology Reform Enterprise" adheres to strengthening the leadership of the Party in improving corporate governance, while taking targeted measures to improve the decision-making efficiency and level of the board of directors. For example, some companies hire experts from their respective fields to join the board of directors, while others set up technology innovation committees specifically to provide guarantees for the board to make major decisions on technology innovation.

Quantifying assessment indicators, widening assessment gaps, and clarifying the bottom line for exit... "Science and Technology Reform Enterprises" have generally promoted a series of bold reforms in the three institutional areas, implementing the "capable above and mediocre below" approach, effectively stimulating team vitality.

Based on the implementation of the Term of office system and contractual management of the management team members, Beijing Petroleum Machinery Co., Ltd. has implemented open competition, final adjustment and incompetence withdrawal for all 63 middle management positions. In the past three years, 21 people have withdrawn from management positions, breaking the "iron chair".

Li Peng, General Manager of Nanwang Digital Group, stated that the company has promoted the improvement of the distribution mechanism for salary based on performance contribution, and has implemented incentive measures such as project investment to stimulate the innovation potential of scientific and technological personnel, achieving a leapfrog development of quadrupling revenue and profits in three years.

It is understood that 89% of "science and technology reform enterprises" have flexibly implemented various medium and long-term incentives for core backbone talents in key positions, covering 116000 people.

On the other hand, the "Science and Technology Reform Enterprise" strengthens its position as the main body of scientific and technological innovation, striving for deep integration of the "four chains" of innovation, industry, capital, and talent, and taking new steps in innovative development——

Enterprise innovation resources are limited, and 'good steel needs to be used on the cutting edge'. We have reduced headquarters personnel by nearly half, and functional personnel in secondary units