China Petroleum & Chemical annual r&d spending
2015
2016
2017
2018
2019
2020
2021
2022
China Petroleum & Chemical R&D Spending Growth & History (SNPMF)
China Petroleum & Chemical's r&d spending was ¥12.77B for fiscal 2022.
View full China Petroleum & Chemical company overviewChina Petroleum & Chemical annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2022 | 2022-12-31 | ¥12.77B | ¥1.29B | +11.25% |
| 2021 | 2021-12-31 | ¥11.48B | ¥1.39B | +13.82% |
| 2020 | 2020-12-31 | ¥10.09B | ¥636.0M | +6.73% |
| 2019 | 2019-12-31 | ¥9.45B | ¥1.46B | +18.20% |
| 2018 | 2018-12-31 | ¥8.00B | ¥1.57B | +24.49% |
| 2017 | 2017-12-31 | ¥6.42B | ¥482.0M | +8.11% |
| 2016 | 2016-12-31 | ¥5.94B | ¥287.0M | +5.08% |
| 2015 | 2015-12-31 | ¥5.65B | — | — |
China Petroleum & Chemical r&d spending trends
Over the last five fiscal years, China Petroleum & Chemical's r&d spending increased from ¥6.42B to ¥12.77B, a change of ¥6.35B.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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