Nan Fang Du Shi Bao·2025-09-16 23:15Core Insights - Shenzhen has 27 companies listed in the "2025 China Top 500 Enterprises" ranking, with 8 making it to the top 100, showcasing the city's strong performance in technology and advanced manufacturing sectors [3][4] Group 1: Company Performance - Huawei achieved a revenue of 427.04 billion yuan in the first half of the year, with a year-on-year growth of 3.95%, and a net profit of 37.195 billion yuan [3][4] - BYD, recognized as the global leader in new energy vehicles, sold 4.2721 million units globally in 2024, marking a 41.26% increase [3][4] - Tencent's R&D investment reached 20.25 billion yuan in Q2 2025, a 17% increase year-on-year, with cumulative R&D spending exceeding 379.5 billion yuan since 2018 [6] Group 2: R&D Investment - The total R&D investment of the top 500 enterprises in China reached 1.73 trillion yuan, with an average R&D intensity of 1.95%, while Shenzhen companies exceeded this average significantly [2][3] - Huawei's R&D investment for 2024 is projected to be 179.7 billion yuan, accounting for 20.8% of its total revenue, with cumulative R&D spending surpassing 1.249 trillion yuan over the past decade [6][7] - BYD's R&D investment for 2024 is expected to be 54.2 billion yuan, representing 6.97% of its revenue, which is higher than Tesla's 5.01% [6][7] Group 3: Globalization Strategy - Shenzhen companies are increasingly adopting globalization as a strategy for growth, with Huawei establishing 16 R&D centers globally and expanding its cloud services [7][8] - BYD's overseas sales reached 470,000 units in the first half of the year, a 132% increase, with international revenue growing by 50.49% year-on-year [7][8] - The globalization strategy is seen as essential for Shenzhen companies to enhance competitiveness and achieve sustainable revenue growth in the face of domestic market risks [8][9]