On October 16th, Jidong Equipment and Engineering (000856.SZ) stated at the investor relations event that as of June 30, 2024, the company has invested 21.8685 million yuan in research and development, accounting for 1.64% of the revenue. During the reporting period, the company applied for 37 patents, including 5 invention patents; obtained 29 patent authorizations, including 9 invention patent authorizations, accounting for 50% of all invention patents in previous years, significantly enhancing its technological innovation capabilities. As of the first half of 2024, the company owns 219 patent technologies, has won 1 provincial industrial design gold award, 2 provincial scientific and technological progress awards, and more than 20 awards in the building materials industry and provincial-level science and technology awards; in addition, the company participated in the drafting of 6 national standards. Specifically, in the first half of the year, the company continuously improved its technology management system and enhanced its core competitiveness by following the "1+N+X" technology innovation complex construction plan, continuously strengthening R&D innovation in new products, new technologies, and new processes. The company's cement vertical mill technology achievements have been rapidly commercialized. The 5.4-meter vertical mill has a daily output exceeding 250 tons/hour, with grinding distribution electricity consumption stable below 23 kWh/ton, 11.5% better than the national primary energy consumption limit; the new type of cement clinker grate cooler has key technical performance indicators reaching the international leading level; completed the customized development of a series of φ2-6.2m rotary kiln products, widely applying smart technologies such as hydraulic wheel control and vibration detection, achieving intelligent upgrades.