Zhongguancun reports income gains during H1

Zhongguancun's economy showed signs of a gradual recovery between January and June, with high-tech enterprises above designated size achieving a total income of 2.9 trillion yuan ($2.9 trillion), a year-on-year increase of 5.9 percent.

The production of Zhongguancun high-tech manufacturing enterprises represented by Leyard has rebounded rapidly, with the total industrial output value of high-tech manufacturing seeing an increase of 12.6 percent year-on-year. The growth rate also saw an increase of 2.6 percentage points from January to May.

Zhongguancun-based companies in six major high-tech fields achieved total revenue of 2.4 trillion yuan, a year-on-year increase of 8.12 percent, and the growth rate increased by 4 percentage points from January to May, accounting for 82 percent of the demonstration zone's total revenue.

Among these fields, the total revenue of electronics and information technology increased by 15.5 percent year-on-year.

Meanwhile, investment in innovation by Zhongguancun enterprises has also continued to increase. The R&D expenses of enterprises above designated size reached 126.89 billion yuan, a year-on-year increase of 16.8 percent, and the growth rate is 2.1 percentage points higher than that from January to May.

Zhongguancun's anti-epidemic-related innovations continue to emerge, with a consistent stream of innovative drugs being approved for listing.

In the first half of the year, Zhongguancun applied for 51,729 patents, a year-on-year increase of 10.4 percent. This accounted for 61.4 percent of the city's enterprise patent applications during the same period.

Among them, the number of invention patent applications was 31,790, a year-on-year increase of 11.3 percent, accounting for 61.5 percent of the patent applications from enterprises in the demonstration zone.

The substantial increase in R&D investment and the continuous emergence of new technologies have also driven the growth of Zhongguancun’s technology-related revenue.

From January to June, Zhongguancun achieved technology revenue of 565.59 billion yuan, an increase of 18.4 percent year-on-year, and the growth rate was 4.3 percentage points higher than that from January to May. This accounted for 19.3 percent of the total revenue of the demonstration zone and contributed 54 percent to the growth of total revenue.

In addition, since the beginning of this year, Zhongguancun enterprises have also set off a wave of listings, with 30 companies going public and raising nearly 93.5 billion yuan in financing. The number of listed companies increased by four times compared to the same period last year, and the amount of financing saw and eightfold increase.

Data also shows that as of June 30, there were 377 listed companies in Zhongguancun. Among them, the number of GEM companies reached 102, accounting for 12.45 percent of the country's total.