Core Insights - The report from the China Securities Association highlights that listed companies in China have actively implemented national strategies and focused on innovation-driven development, with total R&D investment reaching 1.16 trillion yuan in the first three quarters of 2025, marking a year-on-year increase of 3.88% [1] Group 1: R&D Investment - Total R&D investment by listed companies reached 1.16 trillion yuan, continuing a trend of exceeding 1 trillion yuan for three consecutive years [1] - The year-on-year growth rate of R&D investment increased by 0.23 percentage points compared to the first half of the year [1] - A total of 168 companies reported R&D expenditures exceeding 1 billion yuan [1] Group 2: R&D Intensity - The overall R&D intensity across the market is 2.16% [1] - The R&D intensity for the ChiNext, STAR Market, and Beijing Stock Exchange stands at 4.54%, 11.22%, and 4.42% respectively [1] - Strategic emerging industries exhibit an overall R&D intensity of 5.21%, with significant investment growth in aerospace and new energy vehicle sectors exceeding 10% [1]
中上协：前三季度上市公司合计研发投入1.16万亿元
Bei Jing Shang Bao·2025-11-02 04:26