Shenzhen Inovance Technology Co (SZSE:300124) Research & Development : ¥2,785 Mil (TTM As of Mar. 2024)

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What is Shenzhen Inovance Technology Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Shenzhen Inovance Technology Co's Research & Development for the three months ended in Mar. 2024 was ¥786 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,785 Mil.

Shenzhen Inovance Technology Co Research & Development Historical Data

The historical data trend for Shenzhen Inovance Technology 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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Shenzhen Inovance Technology Co Research & Development Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

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Dec23

Research & Development

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855.56

1,023.23

1,685.46

2,229.27

2,624.15

Shenzhen Inovance Technology 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															625.80	669.37	736.33	592.65	786.18

Shenzhen Inovance Technology 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 ¥2,785 Mil.

Shenzhen Inovance Technology Co (SZSE:300124) 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.

Shenzhen Inovance Technology Co Research & Development Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Research & Development

Traded in Other Exchanges

N/A

Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

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