Core Insights - In 2024, Shanxi Province's total R&D expenditure is projected to reach 31.18 billion yuan, representing a year-on-year increase of 4.6%, ranking 20th nationwide [1] - The R&D intensity, defined as the ratio of R&D expenditure to regional GDP, is expected to be 1.22%, the highest since 2020 [1] Group 1: R&D Funding Sources - The R&D funding in Shanxi Province for 2024 includes 4.24 billion yuan from government sources, accounting for 13.6% of total R&D expenditure [2] - The majority of funding, 26.15 billion yuan, comes from enterprises, making up 83.9% of the total R&D expenditure [2] - Approximately 80% of government funding is directed towards research institutions and higher education institutions, while 95.1% of enterprise funding is utilized internally [2] Group 2: New Product Development - In 2024, the investment in new product development by large-scale industrial enterprises in Shanxi Province is expected to reach 20.79 billion yuan, reflecting a year-on-year increase of 8.9% [1] - A total of 9,305 new product development projects are planned, which is a 7.8% increase compared to the previous year, with new product projects constituting 57.3% of all projects [1] - The sales revenue from new products is anticipated to account for 9.6% of total operating revenue, an increase of 0.4 percentage points from the previous year [1]

Core Insights - In 2024, Shaanxi Province's research and experimental development (R&D) expenditure is projected to reach 92.62 billion yuan, an increase of 8.015 billion yuan, representing a growth of 9.5%, which is 0.6 percentage points higher than the national average [1] - The R&D expenditure intensity in Shaanxi is 2.61%, up by 0.12 percentage points from the previous year, maintaining the highest level in Western China [1] - Basic research funding accounts for 7.0% of the total R&D expenditure, an increase of 0.5 percentage points year-on-year [1] Expenditure Breakdown - Basic research funding is 6.508 billion yuan, growing by 17.6% year-on-year; experimental development funding is 70.501 billion yuan, increasing by 12.4% [1] - R&D funding from various entities includes 52.963 billion yuan from enterprises (up 10.2%), 27.964 billion yuan from government research institutions (up 6.2%), and 11.106 billion yuan from higher education institutions (up 15.2%), with the latter exceeding the national average by 3.9 percentage points [1] Regional Insights - Seven regions in Shaanxi have R&D expenditures exceeding 1 billion yuan, contributing a total of 90.758 billion yuan, which accounts for 98.0% of the province's total R&D expenditure [2] - Notable growth in R&D expenditure is observed in Tongchuan, Weinan, and Yangling Demonstration Zone, with increases of 57.3%, 50.3%, and 84.8% respectively, significantly surpassing the provincial average [2] Industry Insights - Among large-scale industrial enterprises, 21 industry categories have R&D expenditures exceeding 200 million yuan, representing 97.4% of the total R&D expenditure in this sector [2] - Ten industry categories have R&D expenditures exceeding 500 million yuan and an intensity above the average level of large-scale industrial enterprises [2]

Group 1: Industrial Profit Growth - In the first eight months of 2025, the total profit of industrial enterprises above designated size reached 46,929.7 billion yuan, a year-on-year increase of 0.9% [2][4] - State-owned enterprises reported a profit of 15,156.5 billion yuan, down 1.7% year-on-year, while private enterprises saw a profit increase of 3.3% to 13,076.1 billion yuan [2][4] - The manufacturing sector achieved a profit of 35,233.5 billion yuan, reflecting a growth of 7.4% [4] Group 2: R&D Investment - In 2024, China's R&D expenditure reached 36,326.8 billion yuan, an increase of 8.9% compared to the previous year [6][7] - The intensity of R&D investment, measured as a percentage of GDP, rose to 2.69%, up by 0.11 percentage points [6] - Basic research funding grew by 10.7% to 2,500.9 billion yuan, while applied research funding increased by 17.6% to 4,305.5 billion yuan [6][7] Group 3: Electricity Market Transactions - In the first eight months of 2025, the total electricity market transaction volume was 43,442 billion kWh, a year-on-year increase of 7.0% [9] - By August 2025, the electricity market transaction volume reached 6,550 billion kWh, reflecting an 11.6% increase year-on-year [9] Group 4: Purchasing Managers' Index (PMI) - In September 2025, the manufacturing PMI was recorded at 49.8%, indicating a slight improvement in manufacturing sentiment [13][21] - The non-manufacturing business activity index stood at 50.0%, showing stability in the non-manufacturing sector [18][20] - The comprehensive PMI output index was 50.6%, suggesting continued expansion in production activities [21]

R&D Expenditure Overview - In 2024, the total R&D expenditure in China reached 36,326.8 billion yuan, an increase of 2,969.7 billion yuan, representing a growth of 8.9% compared to the previous year [2] - The R&D expenditure intensity, measured as a percentage of GDP, is 2.69%, which is an increase of 0.11 percentage points from the previous year [2] - The per capita R&D expenditure, calculated based on full-time R&D personnel, is 480,000 yuan, an increase of 19,000 yuan from the previous year [2] R&D Expenditure by Activity Type - Basic research funding amounted to 2,500.9 billion yuan, growing by 10.7% year-on-year; applied research funding was 4,305.5 billion yuan, up 17.6%; and experimental development funding reached 29,520.4 billion yuan, increasing by 7.6% [2] - The proportion of basic research funding is 6.88%, an increase of 0.11 percentage points; applied research and experimental development account for 11.9% and 81.2%, respectively [2] R&D Expenditure by Entity - Enterprises contributed 28,211.6 billion yuan to R&D, a growth of 8.8%; government research institutions contributed 4,231.6 billion yuan, up 9.7%; and higher education institutions contributed 3,065.5 billion yuan, increasing by 11.3% [2] - The proportions of R&D funding from enterprises, government research institutions, and higher education institutions are 77.7%, 11.6%, and 8.4%, respectively [2] R&D Expenditure by Industry - The high-tech manufacturing sector's R&D expenditure was 7,668.9 billion yuan, reflecting a growth of 10.2% [3] - Among large-scale industrial enterprises, eight industry categories had R&D expenditures exceeding 100 billion yuan, accounting for 68.2% of total R&D expenditure in large-scale industrial enterprises [3] R&D Expenditure by Region - Six provinces (or municipalities) had R&D expenditures exceeding 200 billion yuan: Guangdong (5,099.6 billion yuan), Jiangsu (4,597.5 billion yuan), Beijing (3,278.4 billion yuan), Zhejiang (2,901.4 billion yuan), Shandong (2,597.3 billion yuan), and Shanghai (2,343.7 billion yuan) [3] - Seven provinces (or municipalities) had R&D expenditure intensity exceeding the national average, with Beijing leading at 6.58% [3] Fiscal Science and Technology Expenditure - In 2024, national fiscal science and technology expenditure reached 12,629.2 billion yuan, an increase of 633.3 billion yuan, representing a growth of 5.3% [4] - Central fiscal science and technology expenditure was 4,192.5 billion yuan, accounting for 33.2% of total national fiscal science and technology expenditure [4]

Core Insights - The National Bureau of Statistics released the "2024 National Science and Technology Expenditure Statistical Bulletin" on the 29th, indicating a significant increase in R&D funding for the year 2024 [1] Group 1: R&D Funding Overview - Total R&D expenditure for 2024 is projected to be 36,326.8 billion yuan, an increase of 2,969.7 billion yuan from the previous year, representing a growth rate of 8.9% [1] - The R&D expenditure intensity, measured as a percentage of GDP, is 2.69%, which is an increase of 0.11 percentage points compared to the previous year [1] Group 2: R&D Personnel Metrics - The per capita R&D funding, calculated based on the full-time workload of R&D personnel, is 480,000 yuan, which is an increase of 19,000 yuan from the previous year [1]