This paper takes Henan Tianshan as a case study and applies the conservation of resources theory to reveal how can enterprises create organizational resilience through value co-creation under the background of state-owned capital optimization and reorganization. The findings are as follows: In the “pillar and beam” stage, the enterprise establishes bilateral partnerships between internal capital entities, stabilizing operations through the foundation of key elements and the construction of a collaborative order. In the “building momentum”, the enterprise shifts to multilateral collaboration involving “internal capital entities + external stakeholders,” driving sustainable growth through resource aggregation and development and resource upgrading and diffusion. Enterprises deepen social capital and achieve transitions between stages through bidirectional symmetrical communication, mutual trust optimization, and cross-institutional regulatory collaboration.