Zhejiang RIFA Precision Machinery Co., Ltd.

Shenzhen Stock Exchange:002520.SZ

Sector

🏭 Industrials

Industries

🔩 Machinery

🏗️ Steel

Location

China

Market Cap

USD 646.28 M

Share Price

USD 0.86

Avg Daily Volume

71,603,816

Change (1 day)

0.25%

Change (1 year)

67.03%

Change (YTD)

9.38%

Zhejiang RIFA Precision Machinery Co., Ltd. Research and Development (R&D) Expenses for the year ending December 31, 2024: USD 8.13 M

Zhejiang RIFA Precision Machinery Co., Ltd. Research and Development (R&D) Expenses is USD 8.13 M for the year ending December 31, 2024, a -7.44% change year over year. Research and development (R&D) expenses are the costs associated with the development of new products, technologies, or improvements to existing products.

Zhejiang RIFA Precision Machinery Co., Ltd. Research and Development (R&D) Expenses for the year ending December 31, 2023 was USD 8.79 M, a -2.47% change year over year.
Zhejiang RIFA Precision Machinery Co., Ltd. Research and Development (R&D) Expenses for the year ending December 31, 2022 was USD 9.01 M, a -36.73% change year over year.
Zhejiang RIFA Precision Machinery Co., Ltd. Research and Development (R&D) Expenses for the year ending December 31, 2021 was USD 14.24 M, a 20.89% change year over year.
Zhejiang RIFA Precision Machinery Co., Ltd. Research and Development (R&D) Expenses for the year ending December 31, 2020 was USD 11.78 M, a -7.53% change year over year.

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Key data

Date	Research and Development (R&D) Expenses	Revenue	Revenue	Gross Profit

Shenzhen Stock Exchange: 002520.SZ

Zhejiang RIFA Precision Machinery Co., Ltd.

CEO	Mr. Pengfei Ren
IPO Date	Dec. 10, 2010
Location	China
Headquarters	Nanyan Industry Zone
Employees	1,188
Sector	🏭 Industrials
Industries Machinery 🏗️ Steel

Description

Zhejiang RIFA Precision Machinery Co., Ltd. manufactures and sells CNC machine tools in China the United States, France, Poland, Japan, and internationally. The company offers CNC vertical and horizontal machining centers, CNC vertical and horizontal lathes, CNC gantry machining centers, floor type boring milling machines, automatic bearing systems, deep grove ball bearing grinding machines, and specialized grinding machines. It serves boiler, mining, and wind industries. The company was founded in 1998 and is based in Xinchang, China.