

Group 1 - The total R&D investment of listed companies in 2024 reached 1.56 trillion yuan, an increase of 8.09% year-on-year, with over 200 companies showing a growth rate exceeding 50% [1][2] - Nearly 250 companies in A-shares invested over 1 billion yuan in R&D, with 22 companies exceeding 10 billion yuan [1][2] - The average R&D investment per company reached 377 million yuan, setting a new historical record, while the R&D intensity increased to 3.08%, up approximately 0.7 percentage points from the previous year [1][2] Group 2 - The main board led R&D spending at 1.29 trillion yuan, with a year-on-year growth of 8.4%, while the Sci-Tech Innovation Board saw the highest growth rate at 10.74% with 126.6 billion yuan in R&D investment [2] - Strategic emerging industries accounted for a significant portion of R&D growth, with a total investment of 312.2 billion yuan, reflecting an 11.32% increase year-on-year [2] - BYD topped the A-share companies with R&D investment of 54.2 billion yuan, showing a year-on-year increase of over 30%, while CATL invested 18.607 billion yuan, with a R&D ratio of 5.14% [2][3] Group 3 - Great Wall Motors and Changan Automobile both exceeded 10 billion yuan in R&D investment, with Great Wall's revenue surpassing 200 billion yuan for the first time [3] - Other notable companies with over 10 billion yuan in R&D investment include Midea Group, BOE Technology Group, Hikvision, and Haier Smart Home, many of which have maintained this level of investment for three consecutive years [3] - Cambrian's R&D investment reached 1.07 billion yuan, accounting for 91% of its revenue, with a significant revenue increase of 4230% year-on-year in Q1 [3]