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广发证券-基础化工行业深度分析：从“一利五率”看化工央国企投资价值-230419

基础化工行业从“一利五率”看化工央国企投资价值 “一利五率”明确考核标准，央国企迎来保质保量增长。2023年1月，国资委召开中央企业负责人会议，优化央企经营指标体系为将“两利四率”调整为“一利五率”，用净资产收益率替换净利润指标、营业现金比率替换营业收入利润率。目标为“一增一稳四提升”：利润总额增速高于全国GDP增速，增大国资央企稳定宏观经济大盘的分量，资产负债率总体保持稳定，净资产收益率、研发

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