State-owned enterprises in Guiyang accelerate digital transformation

A corner of the 5G-connected factory of Guizhou Tire Co. [Photo/Guiyang Daily]

In order to strengthen the city's industries, in recent years Guiyang Industrial and Commercial Investment Group has helped various enterprises implement intelligent manufacturing projects and accelerate digital transformation and upgrading.

Guiyang Industrial and Commercial Investment Group, located in Guiyang, capital city of Southwest China's Guizhou province, owns Guizhou Tire Co, Guiyang Yongqing Instrument Technology Co, Guiyang Xianfeng Machine Tool Co, and Guiyang Xintian Photoelectric Technology Co, and other well-known enterprises involved in traditional industries such as tires, instrumentation, and equipment manufacturing.

Between 2019 and now, the total industrial output value of the group increased from 10.7 billion yuan ($1.59 billion) to 14.9 billion yuan today, its operating income increased from 9.4 billion yuan to 13.83 billion yuan, and it went from 289 million yuan in losses to 427 million yuan in profit.

Since last year, new industrialization has been the main development focus of the group's first project. The profits of all six of its first-level industrial subsidiaries have went from negative to positive.

Moving forward, the group will support its subsidiaries to carry out intelligent upgrading and transformation in R&D, design, manufacturing, operation and management, promote the integration of big data, 5G and more through enterprise production and operation, and help encourage enterprises to improve their quality, increase efficiency and reduce costs.