SINOPEC Engineering (Group) Co (HKSE:02386) Research & Development : HK$2,409 Mil (TTM As of Dec. 2023)

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What is SINOPEC Engineering (Group) Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. SINOPEC Engineering (Group) Co's Research & Development for the six months ended in Dec. 2023 was HK$1,541 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,409 Mil.

SINOPEC Engineering (Group) Co Research & Development Historical Data

The historical data trend for SINOPEC Engineering (Group) 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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SINOPEC Engineering (Group) Co Research & Development Chart

SINOPEC Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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2,377.01

2,578.53

2,913.19

2,878.77

2,408.91

SINOPEC Engineering (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Research & Development	Get a 7-Day Free Trial															1,820.78	1,051.60	1,876.94	867.94	1,540.97

SINOPEC Engineering (Group) 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 semi-annually data reported by the company within the most recent 12 months, which was HK$2,409 Mil.

SINOPEC Engineering (Group) Co (HKSE:02386) 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.

SINOPEC Engineering (Group) Co Research & Development Related Terms

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SINOPEC Engineering (Group) Co (HKSE:02386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SINOPEC Engineering (Group) Co Ltd (HKSE:02386) » Definitions » Research & Development

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SENGF:USA

Address

Shenggu Middle Road, No. 8 Building, Shenggu Home, Chaoyang District, Beijing, CHN, 100029

Website

http://www.segroup.cn

SINOPEC Engineering (Group) Co Ltd is a wholly owned subsidiary of the Sinopec Group, a Chinese company. The group provides integrated engineering services and technical patents for domestic and international refining and chemical engineering businesses. The group mainly contains four segments: engineering, consulting and licensing; engineering, procurement and construction (EPC) contracting; construction; and equipment manufacturing. The company generates most of its revenue from the EPC contracting segment. Geographically, the business presence of the group is primarily seen in China, Malaysia, Kuwait, and Saudi Arabia.

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