R&D Management

Committed to driving development and progress through innovation, CTI has set up an Innovation Committee to promote the popularization and implementation of innovation values. The Group's Research Institute has set up a research and development team with industry experts as the core, and has devoted itself to researching cutting-edge technologies in the industry, providing solid intellectual support for the Group's technological innovations. In 2024, the Innovation Committee adopts the Jandao cloud platform to collect innovation proposals and manage research and development projects. In order to recognize teams and individuals with outstanding performance in innovation work, the Innovation Committee carries out the selection of Huamei Innovation Award, Innovation Star, Thesis Award and Patent Award, and provides innovation incentives to outstanding employees, which effectively stimulates the innovation enthusiasm and creativity of the whole staff.

The company invests 8% to 10% of its annual revenue in innovative R&D for the development and incubation of new projects. During the reporting period, the R&D investment of CTI reached RMB 530 million, up 11.99% year-on-year, and the proportion of R&D investment in revenue was 8.7%.