Core Insights - China has become the first country in the world to exceed 5 million valid invention patents, reflecting its rapid growth in innovation capacity and patent accumulation [1][4]. Patent Growth and Innovation - The number of valid invention patents in China has increased significantly, with the first 1 million taking 31 years, the second 4 years, the third 2 years, and the fourth and fifth each taking about 18 and 19 months respectively [1]. - Over 1.4 million of these patents come from strategic emerging industries, accounting for nearly 30% of the total, and are concentrated in high-value sectors such as artificial intelligence, advanced manufacturing, integrated circuits, biomedicine, and new energy [1]. Patent Quality and Economic Impact - As of July this year, nearly 800,000 invention patents have maintained their validity for over 10 years, indicating their high quality and economic value [3]. - The industrialization rate of invention patents in China has risen to 53.3%, with the value added by patent-intensive industries exceeding 13% of GDP [4]. Intellectual Property and International Trade - Intellectual property is viewed as a bridge for innovation cooperation between countries, with China actively promoting international cooperation in this area [4]. - The total import and export volume of China's intellectual property usage fees is close to 400 billion yuan, and the number of PCT international patent applications has ranked first globally for six consecutive years [4]. Global Market Presence - Chinese brands are increasingly visible in international markets, with significant sales reported for companies like Heytea and Stone Technology, which has applied for 4,158 global invention patents [6]. - The effective accumulation of invention patents is seen as a key variable for high-quality development and is expected to contribute to China's modernization efforts [6].

Core Viewpoint - The stock of Zhangyue Technology has experienced a decline of 2.03% on December 2, with a current price of 21.69 CNY per share and a total market capitalization of 9.52 billion CNY, indicating a mixed performance in recent trading sessions [1]. Financial Performance - For the period from January to September 2025, Zhangyue Technology reported a revenue of 2.462 billion CNY, reflecting a year-on-year growth of 28.68%. However, the net profit attributable to shareholders was -217 million CNY, a significant decrease of 488.26% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 302 million CNY, with 123 million CNY distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Zhangyue Technology is 56,500, a decrease of 10.44% from the previous period. The average number of circulating shares per shareholder has increased by 11.66% to 7,771 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 2.1304 million shares, and several new entrants such as Jin Ying Technology Innovation Stock A and Hua Xia CSI 1000 ETF [3]. Stock Performance - Year-to-date, Zhangyue Technology's stock price has increased by 7.32%, but it has seen a decline of 7.70% over the last five trading days and a slight decrease of 0.55% over the last 20 days [1]. - The stock's trading volume on December 2 was 175 million CNY, with a turnover rate of 1.82% [1]. Business Overview - Zhangyue Technology, established on September 8, 2008, and listed on September 21, 2017, operates primarily in the internet digital reading platform services, with revenue composition as follows: digital reading platform (63.75%), derivative business (30.02%), copyright products (6.12%), and others (0.12%) [1]. - The company is categorized under the Shenwan industry classification of Media - Digital Media - Text Media, and is associated with concepts such as Kimi concept, intellectual property, AI corpus, knowledge payment, and short drama concepts [1].

Core Viewpoint - Duofluor New Materials Co., Ltd. has achieved significant recognition in the field of intellectual property, being included in the first batch of national-level industrial intellectual property operation centers and with its chairman re-elected as the president of the local intellectual property protection association, indicating a strategic shift towards leading regional development in intellectual property [1][8]. Group 1: Strategic Development - The company has transitioned from a passive approach to intellectual property rights to a proactive strategy, emphasizing the importance of intellectual property as a core pillar of its strategic decision-making [4][5]. - Since 2016, Duofluor has implemented a comprehensive intellectual property management system, introducing a "patent navigation" tool in 2022 to enhance its strategic development [4][5]. - The company recognizes the interdependence of product, capital, and intellectual property markets, viewing them as essential components for sustainable growth [5][6]. Group 2: Innovation and Commercial Value - Duofluor has applied for over 1,600 patents, with more than 1,000 granted, primarily consisting of high-barrier invention patents that have been successfully industrialized [6][7]. - The company has established itself as a leader in standardization, having revised over 100 national and industry standards and created a national recognized laboratory in the inorganic fluorine chemical field [6]. - Duofluor has become a key player in international standardization, leading the development of multiple international standards in the fluorine chemical sector, marking a shift from follower to rule-maker [6][7]. Group 3: Industry Leadership and Public Service - The company's ongoing efforts in intellectual property have not only strengthened its competitive edge but also earned it significant trust and recognition within the industry [8]. - Duofluor aims to share its practical experiences in intellectual property management to assist other companies in building risk prevention systems, thereby enhancing overall industry innovation [8][9]. - The company has outlined a strategic direction focusing on protecting innovation, connecting government and enterprises, and strengthening industry collaboration to foster a cooperative innovation environment [9]. Group 4: Commitment to Continuous Improvement - Duofluor is committed to advancing its intellectual property initiatives, including establishing a regional collaborative innovation platform and providing comprehensive services from technology layout to rights acquisition [10][11]. - The company emphasizes the importance of nurturing talent and enhancing grassroots participation in intellectual property development, while also calling for more supportive policies [11]. - Duofluor believes that a strong commitment to intellectual property will enable Chinese enterprises to thrive in the global market, continuing to leverage intellectual property as a strategic engine for growth [11].

专利密集型产业增加值达到16.87万亿元，占GDP的比重提升到13.04%；全球前5000个品牌中我国品牌 价值达1.81万亿美元，位居全球第二；地理标志产品直接产值接近9700亿元，保持良好增长势头。 鼓励民营经济组织开展高质量知识产权布局 日前，国家知识产权局举行11月例行新闻发布会。 《每日经济新闻》记者在会场了解到，目前，我国已经成为世界上首个国内有效发明专利拥有量超过 500万件的国家，PCT（《专利合作条约》）国际专利申请量连续6年位居全球第一。 我国每万人口高价值发明专利拥有量超15件 国家知识产权局战略规划司司长梁心新介绍，"十四五"以来知识产权工作有三个比较突出的特点。 首先是高价值专利加速积累有力支撑了高水平科技自立自强。截至2025年6月底，我国每万人口高价值 发明专利拥有量达到15.3件，超额实现规划设定的预期目标；其中，战略性新兴产业发明专利有效量超 过140万件，保持较快增长。 从最新国家专利奖获奖情况来看，人工智能、先进制造、集成电路、生物医药、新能源等重点领域涌现 出一大批原创性、引领性创新成果。这充分说明，我国在关键核心技术领域的高价值专利储备不断增 强，正在加快从"量的积累 ...

Core Viewpoint - CaiXun Co., Ltd. has shown a steady performance in the stock market with a year-to-date price increase of 27.21% and a recent market capitalization of 12.422 billion yuan [1][2]. Financial Performance - For the period from January to September 2025, CaiXun achieved a revenue of 1.341 billion yuan, reflecting a year-on-year growth of 10.81%, while the net profit attributable to shareholders was 196 million yuan, with a slight increase of 0.61% [2]. Stock Market Activity - As of December 1, CaiXun's stock price was 27.53 yuan per share, with a trading volume of 261 million yuan and a turnover rate of 2.22% [1]. - The stock has experienced a net inflow of main funds amounting to 1.2951 million yuan, with significant buying and selling activities recorded [1]. Shareholder Information - As of November 20, the number of shareholders for CaiXun was 44,700, a decrease of 0.68% from the previous period, with an average of 9,722 circulating shares per shareholder, which increased by 0.68% [2][3]. - The company has distributed a total of 320 million yuan in dividends since its A-share listing, with 211 million yuan distributed over the past three years [3]. Company Overview - CaiXun Co., Ltd. is based in Shenzhen, Guangdong Province, and specializes in industrial internet technology and services, focusing on enterprise information technology [1]. - The company's revenue composition includes 61.25% from technical services, 17.77% from software product development and sales, 16.86% from system integration, and 3.56% from other supplementary services [1].

我国知识产权高效益运用对经济的贡献度持续提升。我国专利密集型产业增加值占GDP比重已超 13%，版权产业增加值占GDP比重近7.5%，地理标志产品直接产值近9700亿元。 科技日报讯 （记者操秀英）"我国已经成为世界上首个国内有效发明专利拥有量超过500万件的国 家，PCT国际专利申请量连续6年位居全球第一。"国家知识产权局近日举行11月例行新闻发布会，介绍 知识产权工作最新进展，国家知识产权局新闻发言人、办公室主任衡付广在会上透露。 国家知识产权局战略规划司司长梁心新介绍，截至2025年6月底，我国每万人口高价值发明专利拥 有量达15.3件，战略性新兴产业发明专利有效量超过140万件，保持较快增长。 最新修改的《专利审查指南》将于2026年1月1日正式施行。据介绍，本次修改健全了新领域新业态 保护制度，进一步激励产业创新，并针对审查实践中亟待解决的问题，优化了审查标准和规则，固化审 查实践中的成熟做法，更好地服务创新主体。其中，人工智能领域专利申请的审查标准得到进一步完 善，首次以"人工智能、大数据"为主题设立专门章节，加强人工智能伦理审查，引导人工智能发展"智 能向善"，适应人工智能技术发展需要和治理需求 ...

Core Insights - The event "Jin" Empowerment: Safeguarding Intelligent Manufacturing and Financial Integration was held in Dongguan, focusing on policy interpretation, case sharing, and trend analysis to help enterprises leverage intellectual property and data assets for innovation and industrial upgrading [1][2] Group 1: Event Overview - The event was co-hosted by Guangdong Equity Exchange Center and Dongguan Intellectual Property Operation Center, with support from various local organizations [1] - The event aims to enhance the integration of intellectual property and capital markets to stimulate innovation and support high-quality development in Dongguan [1] Group 2: Expert Insights - Fang Yuan, Director of Fund Services at Guangdong Equity Exchange Center, discussed the functions and achievements of regional equity markets, highlighting the development of specialized boards for "specialized, refined, distinctive, and innovative" enterprises [2] - Li Jianlian, Market Director of Dongguan Intellectual Property Operation Center, provided an in-depth analysis of the new Company Law and its implications for compliance and risk management [2] - Pan Mingjun, an expert from Dongguan Big Data Association, shared case studies on transforming data assets into tangible financial resources, emphasizing the importance of data in enhancing the quality of manufacturing [2] Group 3: Objectives and Outcomes - The seminar served as a high-level dialogue platform for financial exchanges between Dongguan's tech enterprises and institutions, aiming to help businesses understand new dynamics in capital markets and legal compliance [2] - The event promotes the deep integration of innovative resources and industrial upgrading, aligning with the current economic transformation and upgrading phase [1][2]

Core Insights - China has become the first country in the world to have over 5 million valid domestic invention patents, with PCT international patent applications ranking first globally for six consecutive years [1] - The value of Chinese brands reached 1.81 trillion USD, ranking second globally among the top 5000 brands [1] - The direct output value of geographical indication products is nearly 970 billion CNY [1] Patent Statistics - As of June this year, the number of high-value invention patents per 10,000 people in China reached 15.3, exceeding the target set in the 14th Five-Year Plan [1] - The effective number of invention patents in strategic emerging industries exceeds 1.4 million, showing rapid growth [1] - In key areas such as artificial intelligence, advanced manufacturing, integrated circuits, biomedicine, and new energy, the reserve of high-value patents is continuously increasing, transitioning from "quantity accumulation" to "quality improvement" [1] Economic Contribution - The contribution of efficient utilization of intellectual property to the economy is continuously increasing, with the added value of patent-intensive industries accounting for over 13% of GDP, and the added value of the copyright industry accounting for nearly 7.5% of GDP [1] Global Innovation Ranking - According to the World Intellectual Property Organization's "2025 Global Innovation Index Report," China has improved its ranking to 10th place, entering the global top ten for the first time [1] - China has 24 of the world's top 100 innovation clusters, maintaining the first position globally for three consecutive years [1]

Core Insights - China has become the first country in the world to have over 5 million valid invention patents, with PCT international patent applications ranking first globally for six consecutive years [1] - The value of Chinese brands among the top 5000 global brands reached $1.81 trillion, ranking second in the world [1] - The direct output value of geographical indication products is close to 970 billion yuan [1] Patent Statistics - As of June 30 this year, the number of high-value invention patents per 10,000 people in China reached 15.3, exceeding the target set in the 14th Five-Year Plan [1] - The effective number of invention patents in strategic emerging industries exceeds 1.4 million, showing rapid growth [1] - In key areas such as artificial intelligence, advanced manufacturing, integrated circuits, biomedicine, and new energy, the reserve of high-value patents is continuously increasing [1] Economic Contribution - The contribution of efficient use of intellectual property to the economy is continuously increasing, with the added value of patent-intensive industries accounting for over 13% of GDP [1] - The added value of the copyright industry accounts for nearly 7.5% of GDP [1] Global Innovation Ranking - According to the World Intellectual Property Organization's "2025 Global Innovation Index Report," China has improved its ranking to 10th place, entering the global top ten for the first time [1] - China has 24 of the world's top 100 innovation clusters, maintaining the first position for three consecutive years [1]

Core Insights - China has become the first country in the world to have over 5 million valid invention patents, with PCT international patent applications ranking first globally for six consecutive years [1] - The value of Chinese brands among the top 5000 global brands reached $1.81 trillion, placing China second globally [1] - The direct output value of geographical indication products is nearly 970 billion yuan [1] Patent Statistics - As of June 30 this year, the number of high-value invention patents per 10,000 people in China reached 15.3, exceeding the target set in the 14th Five-Year Plan [1] - The effective number of invention patents in strategic emerging industries exceeds 1.4 million, showing rapid growth [1] - High-value patent reserves in key areas such as artificial intelligence, advanced manufacturing, integrated circuits, biomedicine, and new energy are continuously increasing, transitioning from "quantity accumulation" to "quality improvement" [1] Economic Contribution - The contribution of efficient utilization of intellectual property to the economy is continuously increasing, with the added value of patent-intensive industries accounting for over 13% of GDP and the added value of the copyright industry accounting for nearly 7.5% of GDP [1] Global Innovation Ranking - According to the World Intellectual Property Organization's "2025 Global Innovation Index Report," China has improved its ranking to 10th place, entering the global top ten for the first time [1] - China has 24 of the world's top 100 innovation clusters, ranking first globally for three consecutive years [1]