NetDragon, one of two Fujian Enterprises in Top 100 Private Enterprises in R&D Investment

Recently, the list of "2021 Top 500 Private Enterprises in R&D Investment" and "2021 Top 500 Private Enterprises in Patent of Invention" evaluated by the All-China Federation of Industry and Commerce was officially released.  Among the 500 private e​nterprises with the highest R&D investment in 2021, 19 Fujian enterprises were listed, with CATL and NetDragon each occupying one spot in the top 100 . The other 17 Fujian private enterprises listed in the top 500 include Ruijie Networks, Anta Sports, Fuyao Group, and Newland.

Below is the full report by Fujian Daily:

19 Fujian Enterprises in "2021 Top 500 Private Enterprises in R&D Investment!"

On the 11th, the list of "2021 Top 500 Private Enterprises in R&D Investment" and "2021 Top 500 Private Enterprises in Patent of Invention" evaluated by the All-China Federation of Industry and Commerce was officially released at the 2021 Guangdong-Hong Kong-Macau Greater Bay Area Private Enterprise Sci-tech Innovation Summit and Private Enterprise Sci-tech Achievement Symposium. 19 Fujian enterprises were listed in the top 500 private enterprises with the highest R&D investment, and 27 Fujian enterprises were listed in the top 500 private enterprises in patent of invention.

It is reported that the All-China Federation of Industry and Commerce has conducted large-scale research on private enterprises for 23 consecutive years. The two lists this year were formed based on the research and analysis of the technological innovation of 5785 private enterprises with an annual revenue of more than 500 million yuan in the previous year.

Among them, the threshold for entry into the "2021 Top 500 Private Enterprises in R&D Investment" is an R&D investment of 237 million yuan in the previous year. The total R&D expenses of the 500 enterprises amounted to 742.9 billion yuan, with Huawei having the highest R&D investment of 141.9 billion yuan. The top 10 enterprises on the list include Huawei, Alibaba, Tencent Holdings, Geely Holding, Baidu, JD.com, , NetEase, Midea, and Lenovo. In terms of industries, the top 5 industries with the highest R&D investment are computer, communication and other electronic equipment manufacturing, with a total R&D expense of 219.2 billion yuan and an average R&D intensity of 7.26%

CATL and NetDragon each occupy a spot in the top 100 private enterprises with the highest R&D investment, with CATL ranked 20th and NetDragon ranked 91st. According to the financial report, CATL's R&D expenses were 3.569 billion yuan in 2020, accounting for 7.1% of its revenue, which is at a relatively high level in the industry. NetDragon's R&D expenses in 2020 were 1.176 billion yuan, accounting for 19.2% of its revenue. NetDragon currently has a total of 3378 R&D employees, accounting for 56.64% of its staff.entire company.

Other Fujian private enterprises listed in the top 500 include: Ruijie Networks, Anta Sports, Fuyao Group, Newland, Yango Longking Group, Sanbao Group, San'an Optoelectronics, G-Bits, Meiya Pico, LEEDARSON, Hengan Group, Hongfa, Yealink, Highsun Holding Group, Billion Holdings, EVERSUN Holding Group, and OGAWA.

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The threshold for entry into the "2021 Top 500 Private Enterprises in Patent of Invention" is to have 49 valid invention patents. The 500 enterprises have a total of 330,000 valid invention patents. Huawei still tops the list with 90,000 invention patents. 27 Fujian enterprises entered the list, with Ruijie Networks, SanSum Group, and Fuyao Group among the top 100.

Source: Fujian Daily - New Fujian Client