In the first quarter, provincial enterprises in Gansu achieved double-digit year-on-year growth across major indicators, including industrial output value, total profit, and fixed-asset investment. The provincial government's State-owned Assets Supervision and Administration Commission has strengthened economic monitoring this year, guiding companies to capitalize on favorable nonferrous metal prices and fully utilize high-quality production capacity.
Jinchuan Group optimized raw material ratios at the front end, ensuring main metallurgical furnaces operated at full capacity. Utilization rates for key products like electrolytic nickel and cathode copper remained above 100%, driving a significant rise in industrial output value. At Jiugang Group, electrolytic tank operation rates exceeded 99%, with all 60 casting and rolling production lines running at full load. Baiyin Group exceeded planned output targets for copper, lead, and zinc products. Gansu Electric Power Investment Group generated 11.64 billion kilowatt-hours of electricity.
Total investment by provincial enterprises increased 15.54% year-on-year during the quarter. The startup rate for new projects reached 33.1%, while resumed construction hit 100% for ongoing projects. Gansu Electric Power Investment Group connected the first batch of units in Phase I of the Qingyang Green Electricity Aggregation Pilot—China's first demonstration project integrating green power directly with data centers. The Provincial Highway, Aviation and Tourism Group advanced key projects including the Jingjing section of the S35 Jingli Expressway. Railway project investment by Gansu Railway Investment Group rose 33.6%.
Accelerated project execution contributed to quality development. Revenue from strategic emerging industries surged 40.59% year-on-year. Investment in digital, intelligent, and green transformation projects grew 11.56%, with 151 equipment upgrades completed. Jinchuan Group achieved designed capacity for its 10,000-ton high-speed rail copper alloy feedstock production line. Jiugang Group commissioned its CSP transformation project in the steel sector. Baiyin Group operationalized its dual-process "Gemini" system featuring a 4.0 version Baiyin furnace and flash smelting. Gansu Electrical Equipment Group entered high-end sectors including nuclear power, naval vessels, and high-speed rail. Gansu Science and Technology Group expanded its brass alloy materials into aviation and marine engineering.
R&D spending by provincial industrial enterprises increased year-on-year, resulting in breakthroughs in 11 key technologies and the commercialization of 26 major scientific achievements. Central-local collaboration deepened, with central-local partnership projects completing 21.126 billion yuan in investment during the quarter. The collaborative power generation project between China Resources and Gansu Electric Power Investment generated 1.14 billion kilowatt-hours from Units 5 and 6 of Changle Power Plant. Dongfang Electric and CRRC achieved mass production in new energy equipment projects.
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