CATL(SZ:300750) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-25 00:45Group 1 - The core viewpoint highlights the significant growth and resilience of companies listed on the Shenzhen Stock Exchange (SZSE) under the registration system, with a total of 584 companies now listed on the ChiNext board, reflecting increased support for emerging enterprises [12][9][34] - The total revenue of Shenzhen-listed companies has surpassed 20 trillion yuan, with a compound annual growth rate (CAGR) of 9%, demonstrating strong operational stability amid a complex market environment [3][4][34] - During the "14th Five-Year Plan" period, the total R&D investment of Shenzhen companies is expected to exceed 3 trillion yuan, indicating a strong commitment to innovation [3][20] Group 2 - The number of companies engaged in research services has increased by 90% since the beginning of the "14th Five-Year Plan," reflecting a shift towards innovation-driven economic transformation [27] - Shenzhen companies' overseas revenue has grown by over 76% compared to the end of the "13th Five-Year Plan," with a notable increase in the proportion of total revenue derived from international markets [16][18] - The number of companies with R&D expenditures exceeding 1 billion yuan has increased, with 119 companies meeting this criterion in 2024 [21][22] Group 3 - Cash dividends from Shenzhen-listed companies have surged by 56% over the past four years, with a total of 5,753 billion yuan distributed in 2024, marking a significant increase in both the number of companies paying dividends and the total amount [6][7] - The number of companies delisted from the Shenzhen Stock Exchange has increased by 414% compared to 2021, indicating a more efficient market for eliminating low-quality companies [14] - The total market capitalization of the ChiNext board has exceeded 6 trillion yuan, showcasing the effectiveness of the registration system in attracting innovative companies [12][9]