XHW(SH:603888) Xin Hua Wang·2025-09-29 08:31Core Insights - The 2025 Private Economy Innovation Development Conference highlighted the steady increase in R&D investment among the top 1000 private enterprises in China, with a total R&D expenditure of 1.43 trillion yuan in 2024, marking a 2.78% increase from the previous year [1] - The report indicates a significant rise in innovation outcomes, with a total of 1.4281 million effective patents held, a year-on-year increase of 27.58%, including 594,600 invention patents, which grew by 15.55% [1] - The integration of technological and industrial innovation is evident, with total operating revenue reaching 39.92 trillion yuan in 2024, a 6.87% increase, and total profits amounting to 2.31 trillion yuan, up by 7.85% [1] R&D Investment - The average R&D intensity among the top 1000 private enterprises is reported at 3.59% [1] - 112 of the top 1000 global R&D investing companies are private enterprises from China, with an average R&D intensity of 7.42% [1] Standardization and International Competitiveness - 144 enterprises participated in the formulation of international standards, with over 62% involved in national, industry, and group standards [1] - A total of 300,000 effective patents were industrialized, generating a combined output value of 172.153 billion yuan [1] Conference Highlights - The conference also released lists of the top 500 private enterprises in R&D investment and invention patents, along with typical cases of new productive forces in private enterprise development [2]