图说研报 | 中国科技股在全球竞争力几何？

Core Viewpoint - The article emphasizes China's strategic focus on manufacturing and the development of emerging industries, highlighting its position as a global leader in industrial capabilities and innovation [3][4][10]. Industry Foundation - China possesses the most complete industrial system globally, with continuous improvements in information technology, maintaining the largest manufacturing scale for 15 consecutive years [4][6]. - As of the first half of 2023, China has built 4.549 million 5G base stations, ranking first in the world, and the density of industrial robots has increased to 470 units per 10,000 people, nearly doubling in four years, surpassing Germany and Japan [7][8]. Innovation and Talent Development - The number of specialized "little giant" enterprises has grown significantly, with 15,773 companies nurtured across six batches, reflecting a strong emphasis on technological support and talent cultivation [11][12]. - The number of scientists and engineers in Chinese higher education institutions has seen a notable increase, contributing to the country's talent competitiveness [15][16]. Patent and Technological Advancement - China's share of global PCT patent applications has risen from less than 1% to 25.6% since 2002, indicating a shift towards becoming a standard setter in technology [22][24]. - In 2023, leading industries for PCT patent applications in China include machine tools, chemical engineering, and environmental technology, while fields like pharmaceuticals and semiconductors still have room for growth [24][29]. Market Position and Competitiveness - By 2024, China's revealed comparative advantage (RCA) products will primarily be in computer equipment, communication devices, and machinery, showcasing significant advancements in manufacturing and new materials [31][34]. - The domestic market shows strong competitiveness in sectors like new energy and industrial control, with the global share of IoT modules increasing from 21.0% to 48.5% [34][38]. Financial Performance and R&D Investment - Chinese technology stocks exhibit strong revenue and profit growth in smart driving, new energy, and industrial automation, with notable performance in semiconductor equipment and energy storage [46][48]. - R&D intensity in new energy and industrial automation is on par with global standards, while areas like AI chips and laser radar show significantly higher R&D intensity compared to global counterparts [51].