High-quality development demands technological innovation. In recent years, listed companies in Xiamen have significantly increased their investment in R&D and technological innovation to foster new productive forces. In 2023, 63 listed companies in Xiamen spent a total of 10.916 billion yuan on R&D. Among these, XTC, King Long, and G-bits each spent over 500 million yuan; 25 companies spent more than 100 million yuan each. According to annual reports from listed companies in Xiamen, the intensity of R&D investment, as a percentage of total revenue, exceeds 10% for nine of these companies. Additionally, 46 listed companies in Xiamen have R&D intensities above the national average. The reports also reveal that companies such as XTC, SDIC Intelligence, Kelong, and King Long have established R&D teams of over one thousand members, with XTC employing as many as 2,022 researchers. The commitment to sustained R&D investment has yielded significant results in terms of patents. As of May 8th, sixteen Xiamen-listed companies hold more than 100 utility model patents each.

 

From:investxiamen.org.cn