Abstract:This paper, taking Xi Jinping’s socialist thought with Chinese characteristics in the new era as guide, discusses the specific path and objectivity in deeply understanding and practicing the people-oriented development thought in state-owned enterprises by implementing the fundamental principle of relying wholeheartedly on the working class, giving full play to the "six forces" of state-owned enterprises, and boosting China’s sustained and healthy economic development by promoting continuous development of the state-owned enterprises