科创板“硬科技”迎来“井喷期”

Group 1 - The Science and Technology Innovation Board (STAR Market) has celebrated its 6th anniversary, currently hosting 589 listed companies with a total market capitalization exceeding 7 trillion yuan, marking a significant growth in "hard technology" [1] - Over 60 companies on the STAR Market have launched globally innovative products, with 30% of companies having products or projects that are first of their kind, and more than 60% of companies possess over 850 products and technologies that meet international advanced standards [1] - The STAR Market has produced 35 companies ranked first globally in their respective fields, 124 companies ranked first nationally, and 196 companies ranked among the top five globally or nationally [1] Group 2 - The STAR Market has accumulated over 120,000 invention patents, with an average of 216 patents per company, and 138 projects led or participated in by 81 STAR Market companies have received major national science and technology awards [1] - The high research and development (R&D) investment has contributed to these achievements, with an average R&D intensity of over 10% since its inception, and R&D investment reaching 168.1 billion yuan in 2024, more than three times the net profit attributable to shareholders for that year, reflecting a year-on-year growth of 6.4% [1] - The median R&D investment as a percentage of operating revenue stands at 12.6%, consistently leading other sectors in the A-share market [1] Group 3 - The breakthroughs in "hard technology" are supported by the continuous improvement of the capital market's inclusive system, including the pilot registration system and reforms related to IPOs, refinancing, and mergers and acquisitions [2] - The STAR Market has raised over 1.1 trillion yuan through IPOs and refinancing, establishing itself as the preferred financing destination for "hard technology" enterprises [2] - More than 80% of the companies on the STAR Market are from emerging industries such as new generation information technology, biomedicine, and high-end equipment manufacturing, creating demonstration and clustering effects in key industrial chains like integrated circuits, biomedicine, and new energy [2]