Fushun Special Steel Co (SHSE:600399) Research & Development: ¥308 Mil (TTM As of Mar. 2026)


SHSE:600399 Fushun Special Steel Co Ltd SHSE:600399
45 GF Score
Price ¥4.22
GF Value ¥6.46
Valuation Possible Value Trap
! 9 Warning Signs
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What is Fushun Special Steel Co Research & Development?

Fushun Special Steel Co SHSE:600399 +2.68% 45 Research & Development is ¥308 Mil as of Mar. 2026. GuruFocus rates SHSE:600399 with a GF Score™ of 45/100 and a GF Value™ of ¥6.46 (Possible Value Trap). The stock has 9 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Fushun Special Steel Co's Research & Development for the three months ended in Mar. 2026 was ¥67 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥308 Mil.

Fushun Special Steel Co  (SHSE:600399) 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.

Fushun Special Steel Co Research & Development Related Terms

Fushun Special Steel Co Research & Development Historical Data

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The historical data trend for Fushun Special Steel 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.

Fushun Special Steel Co Research & Development Chart

Fushun Special Steel 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 308.87 382.63 356.71 360.85 294.54

Fushun Special Steel 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 54.01 77.89 67.46 95.19 67.15
SHSE:600399
45GF Score
Fushun Special Steel Co Ltd SHSE:600399
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Fushun Special Steel 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 ¥308 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 ¥308 Mil mean?
Fushun Special Steel Co (SHSE:600399) has a Research & Development of ¥308 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Fushun Special Steel Co and its competitors.
Is Fushun Special Steel Co's Research & Development too high?
Fushun Special Steel Co's current Research & Development is ¥308 Mil. Overall, Fushun Special Steel Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fushun Special Steel Co's Research & Development compare to NUE and STLD?
Fushun Special Steel Co's Research & Development of ¥308 Mil can be compared against companies in the Steel 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 Steel company?
A good Research & Development depends on the Steel 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 Fushun Special Steel Co and its competitors. Fushun Special Steel Co's current Research & Development is ¥308 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fushun Special Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Fushun Special Steel Co (SHSE:600399) is currently considered Possible Value Trap. The stock's GF Value™ is ¥6.46, compared to a current price of ¥4.22 — trading 34.7% below its estimated fair value. The current Research & Development is ¥308 Mil. Fushun Special Steel Co's overall GF Score™ is 45/100 with 9 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 Fushun Special Steel Co (SHSE:600399), the current Research & Development is ¥308 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 Fushun Special Steel Co (SHSE:600399) Overvalued in 2026?

Based on GuruFocus' analysis, Fushun Special Steel Co stock appears to be undervalued. The current stock price of ¥4.22 is trading 34.7% below its estimated GF Value™ of ¥6.46. GuruFocus considers Fushun Special Steel Co to be Possible Value Trap.

Key valuation signals for SHSE:600399:

  • Research & Development: ¥308 Mil
  • GF Value™: ¥6.46 vs. price of ¥4.22 (34.7% below fair value)
  • GF Score™: 45/100 with 9 warning signs

No single metric tells the full story. See the SHSE:600399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fushun Special Steel Co Business Description

Address No. 8 Anshan Road, East Section, Wanghua District, Fushun, Liaoning, CHN, 113001
Fushun Special Steel Co Ltd is a China-based company engaged in the smelting and processing of special steel products and its materials. Its products include special alloys, tool steel, high strength steel, high-temperature, and corrosion-resistant alloys, titanium, and alloy structural steel. Its products are used in the aviation, aerospace, marine, nuclear, petroleum, chemical, electronics, machinery and other fields.
45GF Score

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

¥4.22
Price
¥6.46
GF Value