Heatking Induction Technology (Shiyan) Co (BJSE:920870) Research & Development: ¥15.6 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:920870 Heatking Induction Technology (Shiyan) Co Ltd BJSE:920870
75 GF Score
Price ¥12.18
GF Value ¥15.02
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Heatking Induction Technology (Shiyan) Co Research & Development?

Heatking Induction Technology (Shiyan) Co BJSE:920870 75 Research & Development is ¥15.6 Mil as of Jun. 2026. GuruFocus rates BJSE:920870 with a GF Score™ of 75/100 and a GF Value™ of ¥15.02 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Heatking Induction Technology (Shiyan) Co's Research & Development for the three months ended in Jun. 2026 was ¥3.2 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 was ¥15.6 Mil.

Heatking Induction Technology (Shiyan) Co  (BJSE:920870) 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.

Heatking Induction Technology (Shiyan) Co Research & Development Related Terms

Heatking Induction Technology (Shiyan) Co Research & Development Historical Data

* Premium members only.

The historical data trend for Heatking Induction Technology (Shiyan) 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.

Heatking Induction Technology (Shiyan) Co Research & Development Chart

Heatking Induction Technology (Shiyan) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.45 11.61 8.49 14.77

Heatking Induction Technology (Shiyan) Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 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 Premium Member Only Premium Member Only 3.27 4.54 4.76 3.11 3.22
BJSE:920870
75GF Score
Heatking Induction Technology (Shiyan) Co Ltd BJSE:920870
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heatking Induction Technology (Shiyan) 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 ¥15.6 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 ¥15.6 Mil mean?
Heatking Induction Technology (Shiyan) Co (BJSE:920870) has a Research & Development of ¥15.6 Mil as of Jun. 2026. Research and development expense is the total cost for research and development activities. View historical data on Heatking Induction Technology (Shiyan) Co and its competitors.
Is Heatking Induction Technology (Shiyan) Co's Research & Development too high?
Heatking Induction Technology (Shiyan) Co's current Research & Development is ¥15.6 Mil. Overall, Heatking Induction Technology (Shiyan) Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heatking Induction Technology (Shiyan) Co's Research & Development compare to GEV and ETN?
Heatking Induction Technology (Shiyan) Co's Research & Development of ¥15.6 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 Heatking Induction Technology (Shiyan) Co and its competitors. Heatking Induction Technology (Shiyan) Co's current Research & Development is ¥15.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heatking Induction Technology (Shiyan) Co stock overvalued right now?
Based on GuruFocus' analysis, Heatking Induction Technology (Shiyan) Co (BJSE:920870) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.02, compared to a current price of ¥12.18 — trading 18.9% below its estimated fair value. The current Research & Development is ¥15.6 Mil. Heatking Induction Technology (Shiyan) Co's overall GF Score™ is 75/100 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 Heatking Induction Technology (Shiyan) Co (BJSE:920870), the current Research & Development is ¥15.6 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.

Is Heatking Induction Technology (Shiyan) Co (BJSE:920870) Overvalued in 2026?

Based on GuruFocus' analysis, Heatking Induction Technology (Shiyan) Co stock appears to be undervalued. The current stock price of ¥12.18 is trading 18.9% below its estimated GF Value™ of ¥15.02. GuruFocus considers Heatking Induction Technology (Shiyan) Co to be Modestly Undervalued.

Key valuation signals for BJSE:920870:

  • Research & Development: ¥15.6 Mil
  • GF Value™: ¥15.02 vs. price of ¥12.18 (18.9% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the BJSE:920870 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Heatking Induction Technology (Shiyan) Co Business Description

Address No. 6, Pulin 1st Road, Pulin Industrial Park, Hubei Province, Shiyan City, CHN, 442000
Heatking Induction Technology (Shiyan) Co Ltd engages in research and development, production, sales, and technical services of medium and high-end CNC induction heat treatment complete sets of equipment and key functional components. Its products comprise induction heating, machine workpiece, automotive workpiece, wind power workpiece, Heating Industry, Military Workpiece, Standard Equipment, Heat Treatment, Cooling System, Monitoring System, Power Switch, Heating Transformer, and Heating Coils & Inductors.
75GF Score

Get the complete analysis for BJSE:920870

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

¥12.18
Price
¥15.02
GF Value