Lates News

The 2025 Global Investors Conference, organized by the Shenzhen Stock Exchange, was held in Shenzhen on May 19th. At the conference, the Chairman of the SZSE, Sha Yan, stated that in 2024 China's total R&D expenditure reached 3.6 trillion yuan, an 8.3% increase compared to the previous year. Over 570 Chinese industrial enterprises were among the top 2500 globally in terms of R&D investment, accounting for nearly a quarter of the total. In Shenzhen, 14% of companies have a R&D intensity exceeding 10%. For example, BYD's R&D investment was 54.2 billion yuan, exceeding its net profit for the same period; and CATL's R&D investment reached 18.6 billion yuan, setting a new record. These companies prioritize technological innovation and continue to invest heavily, leading to a significant increase in market value from billions to trillions since their initial public offerings, bringing rich returns to investors.