Double Breakthrough, Double Promotion: A Set of Data on the Innovation Achievements of China's Private Enterprises

Yesterday, the 2025 Private Economy Innovation and Development Conference was held in Xi'an. Data shows that in 2024, the top 1000 private enterprises in China have surpassed historical records in terms of R&D investment and achievements, with both the scale and intensity of R&D investment achieving double growth, laying a solid foundation for economic development with continuous innovative vitality. The "Report on the Innovation Status of the Top 1000 Private Enterprises in R&D Investment in 2025" shows that in 2024, the innovative investment of the top 1000 private enterprises in R&D remained stable and increased, with a total R&D expenditure of 1.43 trillion yuan, an increase of 2.78% over the previous year; the average R&D intensity was 3.59%, higher than the national R&D investment intensity by 0.91 percentage points. The quantity and quality of innovation achievements have increased significantly, with a total of 1.4281 million effective patents held both domestically and internationally, a year-on-year increase of 27.58%, including 594,600 invention patents, a year-on-year increase of 15.55%. Standardization construction is advancing, with 144 companies participating in the development of international standards, over 62% of companies participating in the development of national standards, industry standards, and group standards, and promoting the implementation and application of standards. Among the top 1000 R&D investment companies globally in 2024, the number of Chinese private enterprises exceeds one-tenth, steadily increasing international competitiveness.