Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Research & Development: ¥845 Mil (TTM As of Mar. 2026)


SHSE:600348 Shan Xi Hua Yang Group New Energy Co Ltd SHSE:600348
74 GF Score
Price ¥7.74
GF Value ¥6.20
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Shan Xi Hua Yang Group New Energy Co Research & Development?

Shan Xi Hua Yang Group New Energy Co SHSE:600348 -3.01% 74 Research & Development is ¥845 Mil as of Mar. 2026. GuruFocus rates SHSE:600348 with a GF Score™ of 74/100 and a GF Value™ of ¥6.20 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shan Xi Hua Yang Group New Energy Co's Research & Development for the three months ended in Mar. 2026 was ¥159 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥845 Mil.

Shan Xi Hua Yang Group New Energy Co  (SHSE:600348) 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.

Shan Xi Hua Yang Group New Energy Co Research & Development Related Terms

Shan Xi Hua Yang Group New Energy Co Research & Development Historical Data

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The historical data trend for Shan Xi Hua Yang Group New Energy 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.

Shan Xi Hua Yang Group New Energy Co Research & Development Chart

Shan Xi Hua Yang Group New Energy 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 341.28 232.40 703.29 928.48 856.70

Shan Xi Hua Yang Group New Energy 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 170.81 133.85 154.71 397.34 159.30
SHSE:600348
74GF Score
Shan Xi Hua Yang Group New Energy Co Ltd SHSE:600348
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shan Xi Hua Yang Group New Energy 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 ¥845 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 ¥845 Mil mean?
Shan Xi Hua Yang Group New Energy Co (SHSE:600348) has a Research & Development of ¥845 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shan Xi Hua Yang Group New Energy Co and its competitors.
Is Shan Xi Hua Yang Group New Energy Co's Research & Development too high?
Shan Xi Hua Yang Group New Energy Co's current Research & Development is ¥845 Mil. Overall, Shan Xi Hua Yang Group New Energy Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shan Xi Hua Yang Group New Energy Co's Research & Development compare to competitors?
Shan Xi Hua Yang Group New Energy Co's Research & Development of ¥845 Mil can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Research & Development depends on the Other Energy Sources 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 Shan Xi Hua Yang Group New Energy Co and its competitors. Shan Xi Hua Yang Group New Energy Co's current Research & Development is ¥845 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shan Xi Hua Yang Group New Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Shan Xi Hua Yang Group New Energy Co (SHSE:600348) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥6.20, compared to a current price of ¥7.74 — trading 24.8% above its estimated fair value. The current Research & Development is ¥845 Mil. Shan Xi Hua Yang Group New Energy Co's overall GF Score™ is 74/100 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 Shan Xi Hua Yang Group New Energy Co (SHSE:600348), the current Research & Development is ¥845 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 Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Overvalued in 2026?

Based on GuruFocus' analysis, Shan Xi Hua Yang Group New Energy Co stock appears to be overvalued. The current stock price of ¥7.74 is trading 24.8% above its estimated GF Value™ of ¥6.20. GuruFocus considers Shan Xi Hua Yang Group New Energy Co to be Modestly Overvalued.

Key valuation signals for SHSE:600348:

  • Research & Development: ¥845 Mil
  • GF Value™: ¥6.20 vs. price of ¥7.74 (24.8% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shan Xi Hua Yang Group New Energy Co Business Description

Address No. 2, Taobei West Street, Kuang-qu, Shanxi Province, Yangquan, CHN, 045008
Shan Xi Hua Yang Group New Energy Co Ltd is mainly engaged in coal mining, processing, and distribution, as well as power generation and heat supply. The company mainly produces smokeless coal, which is widely applied across various sectors including power generation, fertilizer manufacturing, metallurgy, machinery, and construction materials. Its power supply business serves both industrial operations and household consumption, while its heating services support industrial processes and urban residential heating needs.
74GF Score

Get the complete analysis for SHSE:600348

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

¥7.74
Price
¥6.20
GF Value