In 1H 2026, 407 Shenzhen-listed companies reported combined R&D spending of
103.86 bln yuan, ranking only behind Beijing. R&D intensity exceeded 10% at 90
firms. Fifteen firms spent more than 1 bln yuan on R&D; two surpassed 10 bln
yuan.
2026-09-18
In 1H 2026, 407 Shenzhen-listed companies reported combined R&D spending of
103.86 bln yuan, ranking only behind Beijing. R&D intensity exceeded 10% at 90
firms. Fifteen firms spent more than 1 bln yuan on R&D; two surpassed 10 bln
yuan.