Shandong Iron & Steel Co (SHSE:600022) Research & Development: ¥3,163 Mil (TTM As of Mar. 2026)


SHSE:600022 Shandong Iron & Steel Co Ltd SHSE:600022
50 GF Score
Price ¥1.27
GF Value ¥1.10
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Shandong Iron & Steel Co Research & Development?

Shandong Iron & Steel Co SHSE:600022 50 Research & Development is ¥3,163 Mil as of Mar. 2026. GuruFocus rates SHSE:600022 with a GF Score™ of 50/100 and a GF Value™ of ¥1.10 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shandong Iron & Steel Co's Research & Development for the three months ended in Mar. 2026 was ¥799 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥3,163 Mil.

Shandong Iron & Steel Co  (SHSE:600022) 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.

Shandong Iron & Steel Co Research & Development Related Terms

Shandong Iron & Steel Co Research & Development Historical Data

* Premium members only.

The historical data trend for Shandong Iron & Steel 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.

Shandong Iron & Steel Co Research & Development Chart

Shandong Iron & Steel 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 1,997.57 2,097.03 2,086.12 2,859.16 2,844.65

Shandong Iron & Steel Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 480.94 221.68 492.85 1,649.19 799.28
SHSE:600022
50GF Score
Shandong Iron & Steel Co Ltd SHSE:600022
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shandong Iron & Steel 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥3,163 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 ¥3,163 Mil mean?
Shandong Iron & Steel Co (SHSE:600022) has a Research & Development of ¥3,163 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shandong Iron & Steel Co and its competitors.
Is Shandong Iron & Steel Co's Research & Development too high?
Shandong Iron & Steel Co's current Research & Development is ¥3,163 Mil. Overall, Shandong Iron & Steel Co has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Iron & Steel Co's Research & Development compare to NUE and STLD?
Shandong Iron & Steel Co's Research & Development of ¥3,163 Mil can be compared against companies in the Steel 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 a Steel company?
A good Research & Development depends on the Steel 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 Shandong Iron & Steel Co and its competitors. Shandong Iron & Steel Co's current Research & Development is ¥3,163 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Iron & Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Iron & Steel Co (SHSE:600022) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.10, compared to a current price of ¥1.27 — trading 15.5% above its estimated fair value. The current Research & Development is ¥3,163 Mil. Shandong Iron & Steel Co's overall GF Score™ is 50/100 with 9 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 Shandong Iron & Steel Co (SHSE:600022), the current Research & Development is ¥3,163 Mil as of Mar. 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 Shandong Iron & Steel Co (SHSE:600022) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Iron & Steel Co stock appears to be overvalued. The current stock price of ¥1.27 is trading 15.5% above its estimated GF Value™ of ¥1.10. GuruFocus considers Shandong Iron & Steel Co to be Modestly Overvalued.

Key valuation signals for SHSE:600022:

  • Research & Development: ¥3,163 Mil
  • GF Value™: ¥1.10 vs. price of ¥1.27 (15.5% above fair value)
  • GF Score™: 50/100 with 9 warning signs

No single metric tells the full story. See the SHSE:600022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shandong Iron & Steel Co Business Description

Address No. 21, Gongye North Road, Licheng District, Shandong Province, Jinan, CHN, 250101
Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.
50GF Score

Get the complete analysis for SHSE:600022

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

¥1.27
Price
¥1.10
GF Value