Hengli Petrochemical Co (SHSE:600346) Research & Development: ¥1,636 Mil (TTM As of Mar. 2026)


SHSE:600346 Hengli Petrochemical Co Ltd SHSE:600346
75 GF Score
Price ¥18.90
GF Value ¥13.79
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Hengli Petrochemical Co Research & Development?

Hengli Petrochemical Co SHSE:600346 +2.49% 75 Research & Development is ¥1,636 Mil as of Mar. 2026. GuruFocus rates SHSE:600346 with a GF Score™ of 75/100 and a GF Value™ of ¥13.79 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Hengli Petrochemical Co's Research & Development for the three months ended in Mar. 2026 was ¥390 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,636 Mil.

Hengli Petrochemical Co  (SHSE:600346) 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.

Hengli Petrochemical Co Research & Development Related Terms

Hengli Petrochemical Co Research & Development Historical Data

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The historical data trend for Hengli Petrochemical 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.

Hengli Petrochemical Co Research & Development Chart

Hengli Petrochemical 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 1,019.45 1,184.71 1,371.03 1,702.88 1,625.70

Hengli Petrochemical 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 380.19 449.24 407.16 389.10 390.03
SHSE:600346
75GF Score
Hengli Petrochemical Co Ltd SHSE:600346
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Hengli Petrochemical 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 ¥1,636 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 ¥1,636 Mil mean?
Hengli Petrochemical Co (SHSE:600346) has a Research & Development of ¥1,636 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Hengli Petrochemical Co and its competitors.
Is Hengli Petrochemical Co's Research & Development too high?
Hengli Petrochemical Co's current Research & Development is ¥1,636 Mil. Overall, Hengli Petrochemical Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengli Petrochemical Co's Research & Development compare to DOW?
Hengli Petrochemical Co's Research & Development of ¥1,636 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Research & Development depends on the Chemicals 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 Hengli Petrochemical Co and its competitors. Hengli Petrochemical Co's current Research & Development is ¥1,636 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengli Petrochemical Co stock overvalued right now?
Based on GuruFocus' analysis, Hengli Petrochemical Co (SHSE:600346) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.79, compared to a current price of ¥18.90 — trading 37.1% above its estimated fair value. The current Research & Development is ¥1,636 Mil. Hengli Petrochemical Co's overall GF Score™ is 75/100 with 10 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 Hengli Petrochemical Co (SHSE:600346), the current Research & Development is ¥1,636 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 Hengli Petrochemical Co (SHSE:600346) Overvalued in 2026?

Based on GuruFocus' analysis, Hengli Petrochemical Co stock appears to be overvalued. The current stock price of ¥18.90 is trading 37.1% above its estimated GF Value™ of ¥13.79. GuruFocus considers Hengli Petrochemical Co to be Significantly Overvalued.

Key valuation signals for SHSE:600346:

  • Research & Development: ¥1,636 Mil
  • GF Value™: ¥13.79 vs. price of ¥18.90 (37.1% above fair value)
  • GF Score™: 75/100 with 10 warning signs

No single metric tells the full story. See the SHSE:600346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hengli Petrochemical Co Business Description

Address No. 52 Gangxing Road, Renmin Road Street, Floor 31, Building B, Victoria Plaza, Zhongshan District, Liaoning Province, Dalian, CHN, 116001
Hengli Petrochemical Co Ltd engages in the petrochemical industry. Its principal activities include: the production and sales of chemical fibers; sales of purified terephthalic acid; and import and export of goods. The company's main products include oil refining products, chemical products, PTA, polyester chips, polyester fibers, and films, among others. The company mainly operates in three business segments: the Petrochemical business segment, the Polyester business segment, and the Headquarters and other business segments. Maximum revenue is generated from the Petrochemical segment. Geographically, the company earns maximum revenue from overseas markets through exports.
75GF Score

Get the complete analysis for SHSE:600346

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

¥18.90
Price
¥13.79
GF Value