The net profit of the Sci-Tech Innovation Board increased by 75% in the third quarter, and "hard technology" companies continue to increase their R&D investment

With the completion of the third quarter performance disclosures by two red-chip companies, SMIC and Innovent Biologics, the third quarter "report cards" of the 592 companies on the Sci-Tech Innovation Board have been officially revealed. In the face of a complex external environment, the overall performance of the sector has regained momentum, with a significant year-on-year increase of 75% in net profit for the single quarter. "Hard technology" companies continue to increase their R&D investments, accelerating the cultivation of new productive forces in key industries such as integrated circuits, artificial intelligence, and biomedicine. (The Paper)