Tianqi Lithium Industries (SZSE:002466) Research & Development : ¥31 Mil (TTM As of Mar. 2024)

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What is Tianqi Lithium Industries Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Tianqi Lithium Industries's Research & Development for the three months ended in Mar. 2024 was ¥9 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was ¥31 Mil.

Tianqi Lithium Industries Research & Development Historical Data

The historical data trend for Tianqi Lithium Industries'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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Tianqi Lithium Industries Research & Development Chart

Tianqi Lithium Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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48.36

24.27

18.83

26.70

30.38

Tianqi Lithium Industries 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															7.82	6.82	6.31	9.43	8.67

Tianqi Lithium Industries 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 ¥31 Mil.

Tianqi Lithium Industries (SZSE:002466) 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.

Tianqi Lithium Industries Research & Development Related Terms

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Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Executives

Yan Dong	Executives
Guo Wei	Executives
Zou Jun	Directors, executives
Li Bo	Directors, Directors, and Executives
Fu Xu Mei	Securities Affairs Representative
Ge Wei	Executives
Wu Wei	Directors, executives
Jiang Wei Ping	Director
She Shi Fu	Supervisors

Tianqi Lithium Industries (SZSE:002466) Headlines

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