Ma Long (Sichuan Road & Bridge Mining Investment Development Co., Ltd., Chengdu, Sichuan 610094) Abstract: State-owned enterprises are the core component of the national economy, and their annual budget preparation is influenced by the macroeconomic environment. With the continuous changes in the current domestic economic situation, state-owned enterprises must closely monitor macroeconomic indicators such as GDP growth, market demand, policy support, and international trends to promote stable development. Against the backdrop of global economic recovery facing uncertainties, state-owned enterprises need to scientifically and rationally prepare annual investment budgets to proactively address challenges brought by external environmental changes. Based on this, this paper first elaborates on the importance of annual investment budget preparation for state-owned enterprises, strictly adheres to the basic principles of annual investment budget preparation, and finally proposes strategies for annual investment budget preparation. Keywords: state-owned enterprises; annual investment budget preparation; basic principles; preparation strategies