In the first half of 2026, 407 listed companies in Shenzhen handed over such a report card: total R&D expenses were 103.857 billion yuan, second only to Beijing. 90 enterprises had R&D intensity of more than 10%, 15 had R&D expenses of more than 1 billion yuan, and 2 companies had more than 10 billion yuan. (Published in Shenzhen)

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