Chinese companies top the list in local R&D investment

The list shows that 87.9% of Chinese companies' R&D activities take place locally, ranking first; the United States and Japan are second, with 82.0% and 77.1%, respectively; the European Union is 72.5%. It is worth noting that the R&D investment not carried out by China, Japan and EU countries is mainly distributed in the United States, which also reflects the strong attractiveness of the R&D investment ecosystem and market in the United States.

The number of Chinese companies on the list has increased significantly, ranking second in the world. Among the 2,500 companies, the number of Chinese companies is 597, an increase of 61 over the previous year, ranking second; the total number of companies in the United States has reached 779, still ranking first, an increase of 4 over the previous year. Japan, Germany, and the United Kingdom ranked 3rd, 4th, and 5th respectively, and the number of companies on the list decreased by 16, 0, and 16 respectively compared with the previous year. The total number of top 5 companies on the list accounted for 76% of all 2,500 companies.

The proportion of total R&D investment of Chinese companies on the list has increased significantly, and the growth rate of R&D investment ranks first in the world. The R&D investment of Chinese companies on the list accounted for 15.5%, up 2.4 percentage points from 13.1% in the previous year; the US accounted for 37.8%, down 0.7 percentage points from the previous year. Affected by the new crown epidemic, the growth rate of R&D investment of most of the listed companies has declined, while the R&D investment of Chinese listed companies still has a strong growth of 18.1% despite the adversity, ranking first in the world.

The R&D investment intensity of Chinese enterprises has steadily increased, but there is still a certain gap with other important countries and regions. China's R&D investment intensity was 3.6%, higher than the previous year's 3.3%, ranking seventh among the top 10 countries in the world's R&D investment scale, and there is still much room for improvement. The average R&D investment intensity of Swiss and US companies on the list is far ahead, at 7.9% and 7.8%, respectively, followed by Germany, the Netherlands and Japan respectively; China's R&D investment intensity is less than half that of Switzerland and the US, and is comparable to Germany, the Netherlands, and Japan. There are also certain gaps in other countries.

The number of leading technology companies in China is still insufficient, but it has shown a rapid growth trend in recent years. The data shows that although Chinese companies on the list account for 24% of the world’s total, the number of large-scale technology leaders is still insufficient. The number of Chinese companies in the top 500 on the list has dropped to 17%, and the number of Chinese companies in the top 50 on the list. The proportion is only 8%. However, the number of China's leading technology companies has increased rapidly in recent years, compared with the decline in the number of countries and regions such as the United States and the European Union. From 2018 to 2020, the number of Chinese companies in the top 50 has increased from 2 to 4, the number of US companies in the top 50 has dropped from 22 to 19, and the number of EU companies has dropped from 17 to 14.

China's leading technology companies mainly belong to the ICT industry, and there are fewer companies in the automotive, health and other industries. The analysis results of the top 500 companies on the list show that these companies are mainly concentrated in 4 fields of ICT production, ICT services, health, and automobiles and transportation, contributing 24.5%, 19.5%, 20.6% and 18.4% of the R&D investment ratio respectively. . In contrast, among the top 500 companies on the list, China has 17 and 14 companies in the fields of ICT production and ICT services respectively, accounting for 29.6% and 20.8% of the R&D investment of 86 Chinese companies, exceeding the global average; China has 19 companies in the automotive and transportation sectors, but all of them are small in size. R&D investment accounts for 12.5% of the R&D investment of 86 Chinese companies, which is 5.9 percentage points lower than the global average. In addition, China has only 4 companies in the health industry, and R&D investment only accounts for 2.4% of the R&D investment of 86 Chinese companies.

R&D investment ranking of Chinese chemical companies

Rongsheng Petrochemical will be ranked 646th in the world in the top 2500 global industrial R&D investment in 2021, ranking first in the R&D investment of Chinese chemical companies. Wanhua Chemical ranks second in the world in terms of R&D investment of Chinese chemical companies. Sinochem International Chinese chemical companies ranked third in R&D investment.

In 2021, Rongsheng Petrochemical, Wanhua Chemical, Sinochem International, Holitech, Sinoma Technology, Zhejiang Longsheng, Luxi Chemical, Hualu Hengsheng, and Longbai Group will be listed among the top 2,500 Chinese chemical companies in global industrial R&D investment. , Dongyue, Xinhecheng, Huafeng Chemical, Shanghai Huayi, Satellite Chemical, Adama, Zhejiang Juhua, Bluestar Adisseo, Hengyi Petrochemical, Xingfa Chemical, Yangnong Chemical, Zhejiang Huayou Cobalt Industry, Xin'an Chemical, Hubei Yihua, Fufeng, Transfar Zhilian, Changxing Materials, Shengquan Group and Xinda. See the table below for specific rankings.

R&D investment ranking of Chinese chemical companies

World Ranking

company name 646

Rongsheng Petrochemica 843

Wanhua Chemical 915

Sinochem International 1100

Holitech 1215

Sinoma Technology 1391

Zhejiang Longsheng 1488

Luxi Chemical 1538

Hualu Hengsheng 1665

Longbai Group 1667

Dongyue 1687

Xinhecheng 1689

Huafeng Chemical 1711

Shanghai Huayi 1840

satellite chemistry 1882

Adama 1958

Zhejiang Juhua 2199

Blue Star Adisseo 2206

Hengyi Petrochemical 2218

Xingfa Chemical 2220

Yangnong Chemical 2221

Zhejiang Huayou Cobalt Industry 2310

Xin'an Chemical 2332

Hubei Yihua 2334

Fufeng 2354

Transfar Zhilian 2377

Changxing Materials 2410

Holy Spring Group 2467

Xinda

Xiaobian's message

After years of development, my country has built the most complete industrial system in the world and has become the world's largest manufacturing country. Thanks to the continuous increase in R&D investment, my country has achieved great progress in frontier chemical research and bulk chemical production technology. Achievements; in frontier research, the number of papers published in the chemical and materials fields, the average number of citations, and the number of high-level papers have surpassed that of the United States; in terms of bulk chemicals, MDI, chlorinated titanium dioxide, PC, methionine and other large-scale, high-barrier Chemicals have achieved import substitution through independent development, and the global production capacity of bulk chemicals has a high proportion and obvious competitive advantages. There is still a gap between China and overseas in the field of high-end materials and fine chemicals. The core technologies of some key materials have not yet been mastered. High-end polyolefins, high-performance fibers, high-performance film materials, semiconductor materials, and some panel display materials still mainly rely on imports.

It is hoped that in the future, my country's chemical industry will continue to adhere to independent innovation, continuously increase R&D investment and the number of R&D personnel, and regard independent innovation as the first core competitiveness of enterprises. picture picture picture