As an effective means to enhance the overall competitiveness of enterprises, technological transformation has always been valued by people. According to statistics, in recent years, the national treasury bond funds used to support the technological transformation of enterprises have reached hundreds of billions of yuan each year. Many enterprises are through continuous technological transformation, so that the efficiency has increased, the scale has been expanded and the product structure has been adjusted. Some enterprises have also become the flagship of the industry through technological transformation. It can be said that technological transformation has contributed to the promotion of technological progress, product structure adjustment and upgrading, and the promotion of rapid, sustained, and healthy development of enterprises, industries, and even the national economy.
However, some companies, especially some of the heads of state-owned chemical companies, have taken technical transformation as their own treasury.
There is a large-scale state-owned chemical company. In recent years, technological transformation has invested an average of 10 million yuan annually. A careful inspection found that the so-called technological upgrading project includes not only the replacement of conventional overhaul catalysts, the replacement of valves, the clearing of Heat Exchanger tubes, and the maintenance of environmental protection facilities, but also the thermal insulation fees and the engineering fees for outsourced projects. In the expenses, the rewards accounted for a considerable proportion. In addition to technical personnel and department heads, company leaders are among the members of each technical transformation project. In this way, 'progressive incentive fee', 'project fee' or 'hard work' will not be less. Two years ago, the number of 'technical progress awards' received by the person in charge of the company reached tens of thousands of yuan per person, and thousands of incentives were received from the leaders of the technical reform department. The technical and operating personnel who specifically implemented the technological reform programs have earned a few hundred dollars. Over the past few years, the person in charge of the company has received a total of several hundred thousand yuan per person for 'technical progress awards', and some middle-level cadres have also received rewards of several tens of thousands of yuan. When referring to the technological transformation of enterprises, the person in charge of the company also proudly stated: 'Our annual investment in technological reform is enormous. Even if the enterprises are no longer difficult and the funds are no longer tight, they cannot reduce their investment in technological reforms. '
But when asked what kind of results the company’s technological transformation has achieved, the responsible person is not ugly. Moreover, although the company’s technical reforms have been costly for many years, the indicators such as the number of shutdowns, accidents, emission and discharge of the three wastes, and energy consumption per unit have not been reduced, and production has stagnated or even declined.
The author proposes that the relevant national discipline inspection and auditing departments should not relax the review of the technical reform funds and the effects of technological reforms during the review and audit of state-owned enterprises, and prevent the leaders of some state- Loss of state-owned assets in disguise.

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