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The SQ Group has been included in the "2021 Top 500 Private Enterprises for R&D Investments" and the "2021 Top 500 Private Enterprises for Invention Patents".

2021-10-11 Share:

The All-China Federation of Industry and Commerce announced the "2021 Top 500 Private Enterprises for R&D Investments" and "2021 Top 500 Private Enterprises for Invention Patents" lists on October 11. SQ Group successfully secured its position in both rankings, placing at 357th for R&D investments and 49th for invention patents.

As an internationally recognized technology innovation demonstration enterprise and a national intellectual property demonstration enterprise, SQ Group has consistently prioritized technological innovation throughout the years, allocating a substantial amount of RMB 342 million towards research and development in 2020. Presently, the company holds an impressive portfolio of patents with a total of 719 domestic granted patents (including 495 invention patents) and 77 overseas patents, establishing itself as an industry leader in terms of patent quantity.

It has been reported that the All-China Federation of Industry and Commerce has compiled the "2021 Top 500 Private Enterprises for R&D Investments" and "2021 Top 500 Private Enterprises for Invention Patents" rankings based on comprehensive research and analysis of 5,785 private enterprises with a minimum annual business revenue of 500 million yuan. The former list requires a minimum R&D investment of 237 million yuan in the previous year, while the latter list sets a threshold of at least 49 effective invention patents.