Shanghai Stock Exchange-listed firms increased R&D spending by 5% to 900 billion yuan in 2021, marking three consecutive years of growth.
Shanghai Stock Exchange-listed firms increased R&D spending by about 5% to nearly 900 billion yuan (126.7 billion USD) last year, marking three consecutive years of growth. Firms in aviation equipment, electricity, and telecommunications reported a 30%+ increase in R&D expenses, while R&D expense ratios for software and pharmaceutical firms exceeded 10%. Companies with an R&D expense ratio of over 5% had an aggregate P/E ratio of 36.14.
May 19, 2024
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