Shandong Molong Petroleum Machinery Co (HKSE:00568) Research & Development : HK$36.5 Mil (TTM As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Shandong Molong Petroleum Machinery Co's Research & Development for the three months ended in Dec. 2023 was HK$10.8 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was HK$36.5 Mil.

Shandong Molong Petroleum Machinery Co Research & Development Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Research & Development Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

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Dec22

Dec23

Research & Development

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71.03

62.29

69.89

46.51

38.81

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Research & Development	Get a 7-Day Free Trial															5.17	11.99	10.88	10.75	2.86

Shandong Molong Petroleum Machinery 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 HK$36.5 Mil.

Shandong Molong Petroleum Machinery Co (HKSE:00568) 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.

Shandong Molong Petroleum Machinery Co Research & Development Related Terms

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Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (HKSE:00568) » Definitions » Research & Development

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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