Henan Pinggao Electric Co (SHSE:600312) Research & Development: ¥594 Mil (TTM As of Mar. 2026)


SHSE:600312 Henan Pinggao Electric Co Ltd SHSE:600312
87 GF Score
Price ¥16.97
GF Value ¥16.93
Valuation Fairly Valued
! 1 Warning Sign
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What is Henan Pinggao Electric Co Research & Development?

Henan Pinggao Electric Co SHSE:600312 -3.80% 87 Research & Development is ¥594 Mil as of Mar. 2026. GuruFocus rates SHSE:600312 with a GF Score™ of 87/100 and a GF Value™ of ¥16.93 (Fairly Valued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Henan Pinggao Electric Co's Research & Development for the three months ended in Mar. 2026 was ¥78 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥594 Mil.

Henan Pinggao Electric Co  (SHSE:600312) 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.

Henan Pinggao Electric Co Research & Development Related Terms

Henan Pinggao Electric Co Research & Development Historical Data

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The historical data trend for Henan Pinggao Electric 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.

Henan Pinggao Electric Co Research & Development Chart

Henan Pinggao Electric 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 310.15 391.83 523.95 550.46 619.76

Henan Pinggao Electric 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 104.58 134.71 136.76 243.71 78.36
SHSE:600312
87GF Score
Henan Pinggao Electric Co Ltd SHSE:600312
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Henan Pinggao Electric 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 ¥594 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 ¥594 Mil mean?
Henan Pinggao Electric Co (SHSE:600312) has a Research & Development of ¥594 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Henan Pinggao Electric Co and its competitors.
Is Henan Pinggao Electric Co's Research & Development too high?
Henan Pinggao Electric Co's current Research & Development is ¥594 Mil. Overall, Henan Pinggao Electric Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henan Pinggao Electric Co's Research & Development compare to VRT and BE?
Henan Pinggao Electric Co's Research & Development of ¥594 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 Henan Pinggao Electric Co and its competitors. Henan Pinggao Electric Co's current Research & Development is ¥594 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Pinggao Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Pinggao Electric Co (SHSE:600312) is currently considered Fairly Valued. The stock's GF Value™ is ¥16.93, compared to a current price of ¥16.97 — trading 0.2% above its estimated fair value. The current Research & Development is ¥594 Mil. Henan Pinggao Electric Co's overall GF Score™ is 87/100 with 1 warning sign 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 Henan Pinggao Electric Co (SHSE:600312), the current Research & Development is ¥594 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 Henan Pinggao Electric Co (SHSE:600312) Overvalued in 2026?

Based on GuruFocus' analysis, Henan Pinggao Electric Co stock appears to be overvalued. The current stock price of ¥16.97 is trading 0.2% above its estimated GF Value™ of ¥16.93. GuruFocus considers Henan Pinggao Electric Co to be Fairly Valued.

Key valuation signals for SHSE:600312:

  • Research & Development: ¥594 Mil
  • GF Value™: ¥16.93 vs. price of ¥16.97 (0.2% above fair value)
  • GF Score™: 87/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Henan Pinggao Electric Co Business Description

Address No. 22 Nanhuan East Road, Henan Province, Pingtingshan, Henan, CHN, 467001
Henan Pinggao Electric Co Ltd is engaged in the manufacture of high and ultrahigh voltage switchgear. The company's products include 40.5~550 kV high voltage SF6 open circuit breakers, and 72.5~550 kV SF6 gas-insulated metal-enclosed switchgear.
87GF Score

Get the complete analysis for SHSE:600312

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

¥16.97
Price
¥16.93
GF Value