Shenzhen Kaifa Technology (Chengdu) Co (BJSE:920029) Research & Development: ¥161 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BJSE:920029 Shenzhen Kaifa Technology (Chengdu) Co Ltd BJSE:920029
46 GF Score
Price ¥31.94
! 5 Warning Signs
View Full Analysis

What is Shenzhen Kaifa Technology (Chengdu) Co Research & Development?

Shenzhen Kaifa Technology (Chengdu) Co BJSE:920029 46 Research & Development is ¥161 Mil as of Jun. 2026. GuruFocus rates BJSE:920029 with a GF Score™ of 46/100. The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shenzhen Kaifa Technology (Chengdu) Co's Research & Development for the three months ended in Jun. 2026 was ¥35 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 was ¥161 Mil.

Shenzhen Kaifa Technology (Chengdu) Co  (BJSE:920029) 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 Kaifa Technology (Chengdu) Co Research & Development Related Terms

Shenzhen Kaifa Technology (Chengdu) Co Research & Development Historical Data

* Premium members only.

The historical data trend for Shenzhen Kaifa Technology (Chengdu) 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.

Shenzhen Kaifa Technology (Chengdu) Co Research & Development Chart

Shenzhen Kaifa Technology (Chengdu) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 97.65 97.76 119.51 162.28 168.05

Shenzhen Kaifa Technology (Chengdu) Co Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.76 38.17 39.70 48.50 35.00
BJSE:920029
46GF Score
Shenzhen Kaifa Technology (Chengdu) Co Ltd BJSE:920029
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenzhen Kaifa Technology (Chengdu) 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥161 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of ¥161 Mil mean?
Shenzhen Kaifa Technology (Chengdu) Co (BJSE:920029) has a Research & Development of ¥161 Mil as of Jun. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shenzhen Kaifa Technology (Chengdu) Co and its competitors.
Is Shenzhen Kaifa Technology (Chengdu) Co's Research & Development too high?
Shenzhen Kaifa Technology (Chengdu) Co's current Research & Development is ¥161 Mil. Overall, Shenzhen Kaifa Technology (Chengdu) Co has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Kaifa Technology (Chengdu) Co's Research & Development compare to VRT and BE?
Shenzhen Kaifa Technology (Chengdu) Co's Research & Development of ¥161 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Industrial Products company?
A good Research & Development depends on the Industrial Products industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Shenzhen Kaifa Technology (Chengdu) Co and its competitors. Shenzhen Kaifa Technology (Chengdu) Co's current Research & Development is ¥161 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Kaifa Technology (Chengdu) Co stock overvalued right now?
Shenzhen Kaifa Technology (Chengdu) Co (BJSE:920029) has a current Research & Development of ¥161 Mil. The current Research & Development is ¥161 Mil. Shenzhen Kaifa Technology (Chengdu) Co's overall GF Score™ is 46/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Shenzhen Kaifa Technology (Chengdu) Co (BJSE:920029), the current Research & Development is ¥161 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shenzhen Kaifa Technology (Chengdu) Co Business Description

Address No. 99, Tianquan Road, High-tech Zone, Sichuan, Chengdu, CHN, 611731
Shenzhen Kaifa Technology (Chengdu) Co Ltd is engaged in the Research and development, production and sales of smart metering terminals such as smart electricity, water and gas meters and AMI system software.
46GF Score

Get the complete analysis for BJSE:920029

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥31.94
Price