Chinese A-share Listed Companies' Strong R & D and Innovation in the First Half of 2024
TapTechNews September 15th news, according to CCTV News reports, the reporter learned from the China Securities Regulatory Commission that in the first half of the year, the A-share listed companies on the Shanghai, Shenzhen and Beijing exchanges' R & D investment exceeded 700 billion Chinese yuan, showing that listed companies have a strong willingness to conduct R & D and technological innovation.
Data shows that in the first half of the A-share market, the revenue and net profit of listed companies in the electronics industry increased by 17.3% and 39.3% respectively year-on-year; the revenue and net profit of listed companies in high-tech manufacturing industries increased by 5.6% and 3.9% respectively year-on-year; the revenue and net profit of listed companies in the automotive industry increased by 7.3% and 22.6% respectively year-on-year.
The R & D investment of physical listed companies exceeded 700 billion Chinese yuan, and the R & D intensity averaged 2.4%, among which more than 2100 companies' R & D intensity exceeded 5%, showing that listed companies have a strong willingness to conduct R & D and technological innovation. In the first half of the year, the overseas revenue of A-share listed companies on the Shanghai, Shenzhen and Beijing exchanges increased by 9.6% year-on-year, and the total revenue scale reached 3.8 trillion Chinese yuan, which is the highest level in the same period in history.
TapTechNews learned from the China Listed Companies Association that in the first half of 2024, the whole market listed companies achieved operating income of 34.89 trillion Chinese yuan, and net profit of 3.13 trillion Chinese yuan. 3032 companies had positive revenue growth, and 4141 companies achieved profitability, accounting for 78%.
Among them, the R & D intensity of strategic emerging industries, high-tech manufacturing industries, and industries such as computers, electronics, and mechanical equipment reached more than 5%. Four companies including BYD, China State Construction Engineering Corporation, China Mobile, and ZTE have R & D investment of more than 10 billion Chinese yuan, and 943 companies have R & D intensity of more than 10%.