Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Research & Development: ¥973 Mil (TTM As of Mar. 2026)


SHSE:600426 Shandong Hualu-hengsheng Chemical Co Ltd SHSE:600426
96 GF Score
Price ¥23.87
GF Value ¥30.31
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Shandong Hualu-hengsheng Chemical Co Research & Development?

Shandong Hualu-hengsheng Chemical Co SHSE:600426 -3.94% 96 Research & Development is ¥973 Mil as of Mar. 2026. GuruFocus rates SHSE:600426 with a GF Score™ of 96/100 and a GF Value™ of ¥30.31 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shandong Hualu-hengsheng Chemical Co's Research & Development for the three months ended in Mar. 2026 was ¥250 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥973 Mil.

Shandong Hualu-hengsheng Chemical Co  (SHSE:600426) 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 Hualu-hengsheng Chemical Co Research & Development Related Terms

Shandong Hualu-hengsheng Chemical Co Research & Development Historical Data

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The historical data trend for Shandong Hualu-hengsheng Chemical 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 Hualu-hengsheng Chemical Co Research & Development Chart

Shandong Hualu-hengsheng Chemical 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 368.44 610.63 578.38 660.67 885.79

Shandong Hualu-hengsheng Chemical 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 162.84 188.97 176.06 357.92 249.80
SHSE:600426
96GF Score
Shandong Hualu-hengsheng Chemical Co Ltd SHSE:600426
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Hualu-hengsheng Chemical 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 ¥973 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 ¥973 Mil mean?
Shandong Hualu-hengsheng Chemical Co (SHSE:600426) has a Research & Development of ¥973 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shandong Hualu-hengsheng Chemical Co and its competitors.
Is Shandong Hualu-hengsheng Chemical Co's Research & Development too high?
Shandong Hualu-hengsheng Chemical Co's current Research & Development is ¥973 Mil. Overall, Shandong Hualu-hengsheng Chemical Co has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Hualu-hengsheng Chemical Co's Research & Development compare to DOW?
Shandong Hualu-hengsheng Chemical Co's Research & Development of ¥973 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 Shandong Hualu-hengsheng Chemical Co and its competitors. Shandong Hualu-hengsheng Chemical Co's current Research & Development is ¥973 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Hualu-hengsheng Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Hualu-hengsheng Chemical Co (SHSE:600426) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥30.31, compared to a current price of ¥23.87 — trading 21.2% below its estimated fair value. The current Research & Development is ¥973 Mil. Shandong Hualu-hengsheng Chemical Co's overall GF Score™ is 96/100 with 5 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 Hualu-hengsheng Chemical Co (SHSE:600426), the current Research & Development is ¥973 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 Hualu-hengsheng Chemical Co (SHSE:600426) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Hualu-hengsheng Chemical Co stock appears to be undervalued. The current stock price of ¥23.87 is trading 21.2% below its estimated GF Value™ of ¥30.31. GuruFocus considers Shandong Hualu-hengsheng Chemical Co to be Modestly Undervalued.

Key valuation signals for SHSE:600426:

  • Research & Development: ¥973 Mil
  • GF Value™: ¥30.31 vs. price of ¥23.87 (21.2% below fair value)
  • GF Score™: 96/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600426 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shandong Hualu-hengsheng Chemical Co Business Description

Address No. 24, Tianqu West Road, Shandong Province, Dezhou, CHN, 253024
Shandong Hualu-Hengsheng Chemical Co Ltd is engaged in the production and sale of chemical products and chemical fertilizers, as well as power generation and heating businesses. The company's main products include new energy and new materials related products such as caprolactam, adipic acid, and others, chemical fertilizers such as urea and others, organic amines such as dimethylformamide (DMF), monomethylamine, and others, and acetic acid and derivatives products such as acetic acid, acetic anhydride, and others.
96GF Score

Get the complete analysis for SHSE:600426

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

¥23.87
Price
¥30.31
GF Value