Shandong Hi-Speed Co (SHSE:600350) Research & Development: ¥555 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600350 Shandong Hi-Speed Co Ltd SHSE:600350
77 GF Score
Price ¥11.27
GF Value ¥8.38
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Shandong Hi-Speed Co Research & Development?

Shandong Hi-Speed Co SHSE:600350 -1.57% 77 Research & Development is ¥555 Mil as of Mar. 2026. GuruFocus rates SHSE:600350 with a GF Score™ of 77/100 and a GF Value™ of ¥8.38 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shandong Hi-Speed Co's Research & Development for the three months ended in Mar. 2026 was ¥87 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥555 Mil.

Shandong Hi-Speed Co  (SHSE:600350) 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 Hi-Speed Co Research & Development Related Terms

Shandong Hi-Speed Co Research & Development Historical Data

* Premium members only.

The historical data trend for Shandong Hi-Speed 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 Hi-Speed Co Research & Development Chart

Shandong Hi-Speed 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 135.70 415.76 484.27 487.09 537.56

Shandong Hi-Speed 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 70.03 94.87 107.32 265.34 87.14
SHSE:600350
77GF Score
Shandong Hi-Speed Co Ltd SHSE:600350
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shandong Hi-Speed 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 ¥555 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 ¥555 Mil mean?
Shandong Hi-Speed Co (SHSE:600350) has a Research & Development of ¥555 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shandong Hi-Speed Co and its competitors.
Is Shandong Hi-Speed Co's Research & Development too high?
Shandong Hi-Speed Co's current Research & Development is ¥555 Mil. Overall, Shandong Hi-Speed Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Hi-Speed Co's Research & Development compare to competitors?
Shandong Hi-Speed Co's Research & Development of ¥555 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 Shandong Hi-Speed Co and its competitors. Shandong Hi-Speed Co's current Research & Development is ¥555 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Hi-Speed Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Hi-Speed Co (SHSE:600350) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.38, compared to a current price of ¥11.27 — trading 34.5% above its estimated fair value. The current Research & Development is ¥555 Mil. Shandong Hi-Speed Co's overall GF Score™ is 77/100 with 12 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 Hi-Speed Co (SHSE:600350), the current Research & Development is ¥555 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 Hi-Speed Co (SHSE:600350) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Hi-Speed Co stock appears to be overvalued. The current stock price of ¥11.27 is trading 34.5% above its estimated GF Value™ of ¥8.38. GuruFocus considers Shandong Hi-Speed Co to be Significantly Overvalued.

Key valuation signals for SHSE:600350:

  • Research & Development: ¥555 Mil
  • GF Value™: ¥8.38 vs. price of ¥11.27 (34.5% above fair value)
  • GF Score™: 77/100 with 12 warning signs

No single metric tells the full story. See the SHSE:600350 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shandong Hi-Speed Co Business Description

Address No. 5006, Aoti Middle Road, Shandong, Jinan, CHN, 250101
Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.
77GF Score

Get the complete analysis for SHSE:600350

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

¥11.27
Price
¥8.38
GF Value