Key Enterprises in Zhongguancun Demonstration Zone: Jan-Oct 2025 Performance

Deep News11-28

From January to October 2025, key enterprises (referred to as Zhongguancun enterprises) monitored in the Zhongguancun Demonstration Zone achieved a total revenue of 8.04361 trillion yuan, marking a year-on-year increase of 7.9%. Technology-related income reached 2.2646 trillion yuan, up 13.0% year-on-year, accounting for 28.2% of the total revenue.

During the same period, national high-tech key enterprises (referred to as Zhongguancun national high-tech enterprises) in the zone recorded a total revenue of 3.20968 trillion yuan, a growth of 8.4% year-on-year. Notably, the electronics and information sector contributed 1.57653 trillion yuan, surging 16.3% year-on-year and representing 49.1% of the total revenue of these high-tech enterprises. This sector alone drove a 7.5 percentage-point increase in their overall revenue.

Additionally, Zhongguancun enterprises employed 635,000 R&D personnel, a slight decline of 1.2% year-on-year, while their total R&D expenditure amounted to 362.68 billion yuan, up 5.3% year-on-year.

**Notes:** 1. **Statistical Coverage**: Legal entities of key enterprises above designated size registered in the Zhongguancun National Innovation Demonstration Zone. 2. **Data Collection**: Reports are submitted via Beijing’s direct statistical reporting system by these enterprises. 3. **Key Indicators**: - **Total Revenue**: Includes sales revenue, technology-related income, and other business income, calculated excluding VAT. - **Total R&D Expenditure**: Covers personnel costs, direct inputs, depreciation, intangible asset amortization, design, equipment debugging, testing, outsourced R&D, and other expenses, aligned with accounting records. 4. **Additional Information**: - High-tech sectors under national support include electronics, biopharma, aerospace, new materials, high-tech services, new energy, environmental tech, and advanced manufacturing. - Year-on-year growth is calculated using current and prior-year data from surveyed entities.

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