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Shandong Iron & Steel Co (SHSE:600022) Research & Development : ¥2,072 Mil (TTM As of Mar. 2024)


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What is Shandong Iron & Steel Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Shandong Iron & Steel Co's Research & Development for the three months ended in Mar. 2024 was ¥487 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,072 Mil.

Shandong Iron & Steel Co Research & Development Historical Data

The historical data trend for Shandong Iron & Steel 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.

Shandong Iron & Steel Co Research & Development Chart

Shandong Iron & Steel 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 969.69 1,292.52 1,997.57 2,097.03 2,086.12

Shandong Iron & Steel 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 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 501.51 503.63 526.41 554.58 487.37

Shandong Iron & Steel 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2,072 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.

Shandong Iron & Steel Co  (SHSE:600022) 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 Iron & Steel Co Research & Development Related Terms

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Shandong Iron & Steel Co (SHSE:600022) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shandong Iron & Steel Co Ltd (SHSE:600022) » Definitions » Research & Development
Comparable Companies
SHSE:601969 SZSE:000778 SZSE:000761 SHSE:600782 SZSE:001203 SHSE:600399 SHSE:600808 SHSE:601005 SHSE:600126 SHSE:600507 NUE BOM:500228 NSE:TATASTEEL XKRX:005490 SHSE:600019 STLD XAMS:MT TSE:5401 MIC:CHMF RS
Traded in Other Exchanges
N/A
Address
No. 21, Gongye North Road, Licheng District, Shandong Province, Jinan, CHN, 250101
Website
http://www.jigang.com.cn
Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.

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