Harbin Air Conditioning Co (SHSE:600202) Research & Development: ¥41 Mil (TTM As of Mar. 2026)


SHSE:600202 Harbin Air Conditioning Co Ltd SHSE:600202
59 GF Score
Price ¥4.75
GF Value ¥6.26
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Harbin Air Conditioning Co Research & Development?

Harbin Air Conditioning Co SHSE:600202 +2.59% 59 Research & Development is ¥41 Mil as of Mar. 2026. GuruFocus rates SHSE:600202 with a GF Score™ of 59/100 and a GF Value™ of ¥6.26 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Harbin Air Conditioning Co's Research & Development for the three months ended in Mar. 2026 was ¥9 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥41 Mil.

Harbin Air Conditioning Co  (SHSE:600202) 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.

Harbin Air Conditioning Co Research & Development Related Terms

Harbin Air Conditioning Co Research & Development Historical Data

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The historical data trend for Harbin Air Conditioning 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.

Harbin Air Conditioning Co Research & Development Chart

Harbin Air Conditioning 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 32.44 35.61 46.63 41.17 40.48

Harbin Air Conditioning 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 7.92 9.30 9.50 13.75 8.64
SHSE:600202
59GF Score
Harbin Air Conditioning Co Ltd SHSE:600202
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbin Air Conditioning 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 ¥41 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 ¥41 Mil mean?
Harbin Air Conditioning Co (SHSE:600202) has a Research & Development of ¥41 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Harbin Air Conditioning Co and its competitors.
Is Harbin Air Conditioning Co's Research & Development too high?
Harbin Air Conditioning Co's current Research & Development is ¥41 Mil. Overall, Harbin Air Conditioning Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harbin Air Conditioning Co's Research & Development compare to TT and JCI?
Harbin Air Conditioning Co's Research & Development of ¥41 Mil can be compared against companies in the Construction 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 Construction company?
A good Research & Development depends on the Construction 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 Harbin Air Conditioning Co and its competitors. Harbin Air Conditioning Co's current Research & Development is ¥41 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin Air Conditioning Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin Air Conditioning Co (SHSE:600202) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.26, compared to a current price of ¥4.75 — trading 24.1% below its estimated fair value. The current Research & Development is ¥41 Mil. Harbin Air Conditioning Co's overall GF Score™ is 59/100 with 6 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 Harbin Air Conditioning Co (SHSE:600202), the current Research & Development is ¥41 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 Harbin Air Conditioning Co (SHSE:600202) Overvalued in 2026?

Based on GuruFocus' analysis, Harbin Air Conditioning Co stock appears to be undervalued. The current stock price of ¥4.75 is trading 24.1% below its estimated GF Value™ of ¥6.26. GuruFocus considers Harbin Air Conditioning Co to be Modestly Undervalued.

Key valuation signals for SHSE:600202:

  • Research & Development: ¥41 Mil
  • GF Value™: ¥6.26 vs. price of ¥4.75 (24.1% below fair value)
  • GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Harbin Air Conditioning Co Business Description

Address No. 7, Dianchi Street, Yingbin Road, High-tech Development Zone, Heilongjiang Province, Harbin, Heilongjiang, CHN, 150078
Harbin Air Conditioning Co Ltd in China is engaged in the designing and manufacturing of energy saving and environmentally-friendly products such as petrochemical air cooling condensers, power plant air coolers, and air conditioning HVAC equipment. Its products are widely used in petrochemical, power energy, steel and metallurgical industries.
59GF Score

Get the complete analysis for SHSE:600202

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

¥4.75
Price
¥6.26
GF Value