Hit Welding Industry Co (SZSE:301137) Research & Development : ¥53 Mil (TTM As of Mar. 2024)

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What is Hit Welding Industry Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Hit Welding Industry Co's Research & Development for the three months ended in Mar. 2024 was ¥12 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was ¥53 Mil.

Hit Welding Industry Co Research & Development Historical Data

The historical data trend for Hit Welding Industry 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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Hit Welding Industry Co Research & Development Chart

Hit Welding Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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42.21

43.16

52.42

52.72

50.43

Hit Welding Industry Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Research & Development	Get a 7-Day Free Trial														9.77	14.36	9.29	17.02	12.40

Hit Welding Industry 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 ¥53 Mil.

Hit Welding Industry Co (SZSE:301137) 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.

Hit Welding Industry Co Research & Development Related Terms

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Hit Welding Industry Co (SZSE:301137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hit Welding Industry Co Ltd (SZSE:301137) » Definitions » Research & Development

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Address

Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102

Website

http://www.htw.cn

Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

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