Shanghai Stock Exchange: The total R&D investment of physical companies in the first three quarters reached 607.9 billion yuan

Golden Ten Data reported on October 31 that in the first three quarters of 2024, Shanghai companies will continue to increase investment in scientific and technological innovation, develop new quality productivity according to local conditions, and gradually change the "four new" economy. The total R&D investment of entity companies was 607.9 billion yuan, a year-on-year increase of 2%, 102 companies invested more than 1 billion yuan in R&D, 164 companies invested more than 50% in R&D, and 435 companies invested more than 10% in R&D intensity. Among them, the Science and Technology Innovation Board continued to build the "main front" for cultivating new quality productivity, and its R&D investment reached a new high, with a cumulative R&D investment of 104 billion yuan, a year-on-year increase of 7%, and the median proportion of R&D investment in operating income reached 12.6%.