Annual Report 2025 · Structure, 38 Indicators and Definitions

01 / Structure

One report,
five questions.

The value of a technology transfer institution is hard to capture in a single number. So the report answers five questions — who does the work, what was done, where the channels are, where the money comes from and where it goes — and discloses a checkable indicator against each.

01

PeopleHeadcount

Total headcount, staff dedicated to technology transfer, transfer specialists recruited during the year, PhD holders, and the share of staff with a bachelor's degree or above.

persons · %

02

Technology transferTransactions

Number and value of deals closed, split by assignment, licence, equity in kind and technical contracts; companies served, company needs addressed, events and training sessions organized.

deals · value

03

Service channelsDomestic & international

New and cumulative cooperation channels at home and abroad, counted in three categories: own branches, jointly built branches and liaison offices.

count

04

RevenueFinancial

Total annual revenue, technical revenue, national and local programme revenue (national programme funding, local programme funding), net profit and taxes paid.

RMB 10k

05

ExpenditureFinancial

Total annual expenditure, personnel costs, general operating costs and other expenditure.

RMB 10k

A

Itemized service listPer project

For each project: result name, technology field, contract registration number, technology source, transfer mode, transfer value, service period, pricing method, destination, service type and revenue model.

per project

02 / Indicators

The full set of indicators
and units

The 38 indicators below are the reporting standard of the annual report, covering people, technology transfer, channel building, revenue and expenditure. Each can be traced back to an operating ledger or a financial voucher.

(I)People

1.1	Total headcount	persons
1.2	of which: staff dedicated to technology transfer	persons
1.3	of which: transfer specialists recruited	persons
1.4	of which: PhD holders	persons
1.5	Share of staff with a bachelor's degree or above	%

(II)Technology transfer

2.1	Deals closed (assignment, licence, equity in kind and technical contracts)	deals
2.2	of which: completed by assignment	deals
2.3	of which: completed by licence	deals
2.4	of which: completed by equity in kind	deals
2.5	of which: technical contracts	deals
2.6	of which: international technology transfer deals	deals
2.7	Total value of deals closed	RMB 10k
2.8	of which: assignment contract value	RMB 10k
2.9	of which: licence contract value	RMB 10k
2.10	of which: valuation of equity in kind	RMB 10k
2.11	of which: technical contract value	RMB 10k
2.12	of which: international transfer value	RMB 10k
2.13	Companies served	companies
2.14	Company needs addressed	needs
2.15	Technology transfer events organized	events
2.16	Technology transfer training sessions organized	sessions
2.17	Corporate spending on open innovation platforms (number and value)	RMB 10k
2.18	Needs published by companies (platform operators only)	needs

(III)Service channels

3.1	New international cooperation channels	count
3.2	Cumulative international cooperation channels	count
3.3	New domestic cooperation channels	count
3.4	Cumulative domestic cooperation channels	count

(IV)Revenue

4.1	Total revenue for the year	RMB 10k
4.2	of which: technical revenue	RMB 10k
4.3	National and local programme revenue	RMB 10k
4.4	of which: national programme funding	RMB 10k
4.5	Local programme funding	RMB 10k
4.6	Net profit for the year	RMB 10k
4.7	Taxes paid for the year	RMB 10k

(V)Expenditure

5.1	Total expenditure for the year	RMB 10k
5.2	of which: personnel costs	RMB 10k
5.3	of which: general operating costs	RMB 10k
5.4	of which: other expenditure	RMB 10k

03 / Definitions

The definition matters
more than the number.

"Ten projects commercialized" can mean very different things in two institutions' reports. Below are the aggregation rules this report uses — checkable, and the basis on which we can compare notes with others.

"Total headcount" means people employed at the institution as at year end. For a technology transfer office inside a university or institute, only staff of that office are counted.
"Technical contracts" means technology development, technology consulting and technical service contracts.
Service channels fall into three categories: own branches, jointly built branches and liaison offices. Branches include subsidiaries, sub-centres and representative offices.
"Technical revenue" means revenue from technology transfer and related services during the year, plus revenue from pilot-scale products. Ordinary trading revenue is excluded.

Formula 01 · Deal count

Total deals closed
= assignments + licences
+ equity in kind + technical contracts

Formula 02 · Deal value

Total value of deals closed
= assignment value + licence value
+ equity valuation + technical contract value

Formula 03 · Programme revenue

National and local programme revenue
= national programme funding
+ local programme funding

04 / Itemized List

How each project
is recorded

The report attaches an itemized technology transfer service list, with one row for every project above RMB 100,000 in transfer value. The fields cover the result, the contract, the mode, the value, the period, the pricing, the destination, the service type and the revenue model.

The six-dimension standard

	Field	Value
1	Result name / technology field	Project basics
2	Contract registration number	Recognition number
3	Technology source	Domestic / overseas · five types
4	Transfer mode	Assignment / licence / equity
5	Transfer value	RMB 10k
6	Service period	Month to month
7	Pricing method	Negotiated / listed / auction
8	Destination	Domestic / overseas
9	Service type	Technical / evaluation / investment / platform
10	Revenue model	Commission / equity / market making

05 / Disclosure

On the disclosure
of figures

What this page publishes is the structure of the report, the indicator set and the definitions. The 2025 figures themselves are governed by the sealed version formally submitted by the company, which can be requested by email.

Request the full report

Preparation and submission Prepared by: Beijing Four Sentences of Heng Qu Science and Technology Co., Ltd.
Title: Technology Commercialization Annual Report 2025
Basis: this is the annual report of a technology transfer institution, prepared and submitted as required by the competent industry authority. The statutory annual report of the business entity is filed separately under the Interim Regulations on Enterprise Information Disclosure, between 1 January and 30 June each year through the National Enterprise Credit Information Publicity System. The two are not interchangeable.
Undertaking: every indicator is drawn from operating ledgers and financial vouchers and is traceable item by item.

Technology Commercialization2025 Annual Report

One report,five questions.

The full set of indicatorsand units