SSE-Listed Companies Focus on Technological Innovation to "Speed Up" the Modern Industrial System

Translated from Securities Daily (Reporter Tian Peng)

The Report on the Work of the Government 2025 proposed developing new quality productive forces and accelerating the building of a modern industrial system. SSE-listed companies have leveraged their advantages in capital, technology and talent to inject vitality into the construction of the system.

Increase R&D investment

In terms of scientific and technological innovation, under the background of a new round of scientific and technological revolution, SSE-listed companies have increased their R&D investment. From 2021 to 2023, the R&D investment increased year by year, reaching 768.499 billion yuan, 958.597 billion yuan and 969.205 billion yuan, respectively. 160 companies have disclosed their R&D performance in 2024, and 25 of them have invested more than 10% of their revenue in R&D. For example, Shanghai MicuRx Pharmaceutical Co., Ltd.'s R&D investment is nearly 3 times its revenue. The implementation and transformation of the R&D achievements will promote the development of the Company and help China seize the opportunity. The chairman of Hubei Sinophorus Electronic Materials Co., Ltd. said that the company will continue to tackle key technologies for chip localization and build a world-class electronic materials company.

Optimize the industrial structure

The optimization of industrial institutions is an important task in the construction of a modern industrial system. SSE-listed companies focus on the transformation of traditional industries and the cultivation of emerging industries. In the upgrading of traditional industries, manufacturing has introduced automation technology and energy companies have developed new energy. For example, Zhuzhou CRRC Times Electric Co., Ltd. focuses on cutting-edge and core technologies to serve the upgrading of equipment manufacturing. In terms of cultivating emerging industries, Kede Numerical Control Co., Ltd. adheres to the innovative path and enhances the ability to integrate key technologies with artificial intelligence. Sansure Biotech Inc. will be driven by innovation to build a full-industry chain ecological platform enterprise.

Accelerate the replacement of old growth drivers with new ones

SSE-listed companies are actively planning for the replacement of old growth drivers with new ones. MayAir Technology (China) Co., Ltd. will deepen industry-university-research cooperation, participate in standard setting, and promote the civil and commercial use of technology. Beijing Haohan Data Technology Co., Ltd. seizes the wave of artificial intelligence to increase research and development and build a talent team. Grinm Semiconductor Materials Co., Ltd. insists on innovation, tackling core technologies, ensuring the supply of integrated circuit materials, and facilitating the country's scientific and technological competition.

Through active exploration in many aspects, SSE-listed companies will lay a solid foundation for the modern industrial system and promote high-quality and resilient economic development.

The above information is provided for reference purposes only and does not constitute investment advice.