上交所王泊：“硬科硬客”的成长，是科创板六年发展的生动缩影

Core Insights - The "Hard Science and Hard Customers" initiative serves as a bridge between hard technology and active capital, facilitating the connection between the industrial chain and the innovation chain, as emphasized by the Shanghai Stock Exchange's Vice General Manager Wang Bo [1][3] - The growth of "Hard Science and Hard Customers" reflects the six-year development of the Sci-Tech Innovation Board, evolving from a testing ground for capital market services to a demonstration area for technological innovation [2][4] Summary by Sections Program Overview - "Hard Science and Hard Customers" is a high-end interview program co-created by the Shanghai Stock Exchange and China Business Journal, focusing on the development of hard technology and influential figures in the industry [2] - Since its launch in November 2023, the program has hosted 15 themed salons, covering key industries such as innovative pharmaceuticals, semiconductor equipment, and low-altitude economy [3] Industry Impact - The Sci-Tech Innovation Board has gathered 589 listed companies with a total market capitalization exceeding 9 trillion yuan, continuously injecting capital into enterprises through IPOs and refinancing [4] - The board has established a "chain-group" development pattern, with 120 companies in the integrated circuit sector covering the entire industry chain, representing over 60% of A-share companies in the same field [4] Innovation and R&D - The overall R&D investment of the board exceeded 84.1 billion yuan in the first half of 2025, which is 2.8 times the net profit, with a median R&D investment ratio of 12.61% [5] - The board boasts 240,000 R&D personnel and 130,000 invention patents, making it the highest density of R&D in the capital market [5]