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Cheche Group (Cheche Group) Research & Development : $7.3 Mil (TTM As of Dec. 2022)


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What is Cheche Group Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Cheche Group's Research & Development for the six months ended in Dec. 2022 was $3.8 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2022 was $7.3 Mil.

Cheche Group Research & Development Historical Data

The historical data trend for Cheche Group'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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Cheche Group Research & Development Chart

Cheche Group Annual Data
Trend Dec21 Dec22 Dec23
Research & Development
7.35 7.16 8.01

Cheche Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Dec23
Research & Development 3.06 4.26 3.46 3.84 -

Cheche Group 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $7.3 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.

Cheche Group  (NAS:CCG) 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.

Cheche Group Research & Development Related Terms

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Cheche Group (Cheche Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Research & Development
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Traded in Other Exchanges
N/A
Address
13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088
Website
https://www.chechegroup.com
Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines

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