On October 11, the All-China Federation of Industry and Commerce released the list of "2021 Top 500 Private Enterprises for R&D Investments" and "2021 Top 500 Private Enterprises for Invention Patents". SQ Group was successfully selected in these two lists, ranking 357th and 49th respectively.

As an international technology innovation demonstration enterprise and a national intellectual property demonstration enterprise, SQ Group has always been attaching great importance to technology innovation over years, and invested RMB 342 million in R&D in 2020. Currently, the company holds 719 domestic granted patents (including 495 invention patents) and 77 overseas patents, with the number of patents leading in the industry.

It is reported that the All-China Federation of Industry and Commerce formed the "2021 Top 500 Private Enterprise for R&D Investments" and "2021 Top 500 Private Enterprises for Invention Patents" lists based on the research and analysis of 5,785 private enterprises with business revenue of 500 million yuan or more in the previous year. The threshold for the former list is 237 million yuan of R&D investment in the previous year, and the threshold for the latter one is 49 effective invention patents.