SMIC(SH:600810) Zhong Guo Xin Wen Wang·2025-10-15 13:27Core Viewpoint - The Henan provincial government is focusing on transforming technological innovation into a key variable for high-quality development, showcasing significant increases in R&D investment, enhancement of innovation entities, and steady expansion of investment during the 14th Five-Year Plan period [1][3]. Group 1: R&D Investment and Innovation - From 2021 to 2024, the average annual growth rate of R&D investment by state-owned enterprises in Henan reached 19.3%, with the total number of R&D personnel exceeding 30,000 [3][4]. - The establishment of specialized subsidiaries in fields such as superhard materials, artificial intelligence, and biomedicine has been a key strategy, along with the creation of multiple funds, including a 2 billion yuan low-altitude economy industry fund [3][4]. Group 2: Achievements and Collaborations - As of the end of 2024, the total assets of state-owned enterprises under provincial and municipal supervision reached 7.3 trillion yuan, with net assets of 2.3 trillion yuan [3]. - Over 500 collaborative projects have been initiated between state-owned enterprises and universities or research institutions, focusing on common key technology research [3][4]. Group 3: Strategic Investments and Future Growth - In 2024, new investments in eight strategic emerging industries and four future industries increased by 36.05%, while revenue grew by 44.74% year-on-year [5]. - The transformation of the provincial capital holding group into a state-owned capital operation company aims to foster specialized innovative enterprises in various sectors, including new materials and biotechnology [5].