PICC Property and Casualty Co (PICC Property and Casualty Co) Research & Development : $0 Mil (TTM As of Dec. 2023)

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What is PICC Property and Casualty Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. PICC Property and Casualty Co's Research & Development for the three months ended in Dec. 2023 was $0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was $0 Mil.

PICC Property and Casualty Co Research & Development Historical Data

The historical data trend for PICC Property and Casualty Co's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PICC Property and Casualty Co Research & Development Chart

PICC Property and Casualty Co Annual Data

Trend

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Research & Development

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PICC Property and Casualty Co Quarterly Data
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PICC Property and Casualty Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

PICC Property and Casualty Co (OTCPK:PPCCY) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

PICC Property and Casualty Co Research & Development Related Terms

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PICC Property and Casualty Co (PICC Property and Casualty Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PICC Property and Casualty Co Ltd (OTCPK:PPCCY) » Definitions » Research & Development

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Traded in Other Exchanges

PPCCF:USA 02328:Hong Kong PJC:Germany

Address

Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022

Website

https://property.picc.com

Headquartered in Beijing, PICC P&C is China's largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

PICC Property and Casualty Co (PICC Property and Casualty Co) Headlines

From GuruFocus

PICC Property and Casualty Co Stock Is Believed To Be Modestly Undervalued

By GF Value GF Value • 06-10-2021