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Rongsheng Petro Chemical Co (SZSE:002493) Research & Development : ¥6,555 Mil (TTM As of Dec. 2023)


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What is Rongsheng Petro Chemical Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Rongsheng Petro Chemical Co's Research & Development for the three months ended in Dec. 2023 was ¥389 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was ¥6,555 Mil.


Rongsheng Petro Chemical Co Research & Development Historical Data

The historical data trend for Rongsheng Petro Chemical 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.

* Premium members only.

Rongsheng Petro Chemical Co Research & Development Chart

Rongsheng Petro Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 980.84 1,963.68 3,915.26 4,367.11 6,555.28

Rongsheng Petro Chemical Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,028.01 1,258.10 2,035.14 2,872.95 389.10

Rongsheng Petro Chemical 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 ¥6,555 Mil.

* 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.


Rongsheng Petro Chemical Co  (SZSE:002493) 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.


Rongsheng Petro Chemical Co Research & Development Related Terms

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Rongsheng Petro Chemical Co (SZSE:002493) Business Description

Traded in Other Exchanges
N/A
Address
No.98, Hongyang Road Yinong Town, Xiaoshan District, Hangzhou, CHN
Rongsheng Petro Chemical Co Ltd operates in the petrochemical industry. The company is specialized in the production and marketing of petrochemical and chemical fiber. Its product portfolio comprises synthetic fibers and films, synthetic raw material, synthetic resins, olefin, aromatics and phenols and oil products.

Rongsheng Petro Chemical Co (SZSE:002493) Headlines

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