Recently, 15 Xiamen companies, including SANAN Optoelectronics, G-bits Network, Yealink, Kehua Data, and Hithium, have been listed by ACFIC as China's Top 500 Private Enterprises 2024 based on R&D investment and China’s Top 500 Private Enterprises as holders of invention patents. The Lists of Exemplary Cases of Technological and Industrial Innovation in Private Enterprises and the "Leaders" of Chamber of Commerce Group Standards have been released simultaneously.

Private enterprises are a crucial force in technological innovation in our country. According to the rankings, last year saw a dual increase in overall R&D expenses and intensity among private companies. Huawei, Tencent, and Alibaba topped the list, showcasing the leading position of tech giants in R&D investment. The rankings not only reflect the overall strength of private enterprises in research and development investment but also demonstrate the pursuit of innovation and technological advancement across various industries.

Our city’s listed enterprises are also top performers in their respective industries. SANAN Optoelectronics has consistently been a local frontrunner that invests much capital in research and development. As downstream demand gradually recovers, its high-end display business is accelerating, particularly with notable advancements in Micro LED technology. This year, the company has formed partnerships with major domestic and international firms. Additionally, its automotive LED products are catching up to top international standards, obtaining stable orders from leading car manufacturers. The company's Integrated Circuit businesses, including RF and power electronics, are also experiencing continuous growth.

Yealink continuously upgrades its product applications and scenario experiences through advanced audio-video technology, driving ongoing technological innovation. Currently, the company has established two major R&D centers in Xiamen and Hangzhou, bringing together experts in cutting-edge fields such as cloud computing and artificial intelligence. Since its listing, Yealink's annual compound growth rate in research and development investment has reached 31%.

The rankings reveal three key trends in the current internet innovation industry: first, the AI sector is a driving force that adds momentum to economic growth; second, internet companies are actively expanding into the global market; and third, digital services that benefit the public are continually developing both in scope and in depth.

Translated by Fujian Investment Promotion Center