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]