Shenzhen Kingdom Sci-tech Co (SHSE:600446) Research & Development: ¥476 Mil (TTM As of Mar. 2026)

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SHSE:600446 Shenzhen Kingdom Sci-tech Co Ltd SHSE:600446
52 GF Score
Price ¥9.88
GF Value ¥6.06
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Shenzhen Kingdom Sci-tech Co Research & Development?

Shenzhen Kingdom Sci-tech Co SHSE:600446 +1.33% 52 Research & Development is ¥476 Mil as of Mar. 2026. GuruFocus rates SHSE:600446 with a GF Score™ of 52/100 and a GF Value™ of ¥6.06 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shenzhen Kingdom Sci-tech Co's Research & Development for the three months ended in Mar. 2026 was ¥120 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥476 Mil.

Shenzhen Kingdom Sci-tech Co  (SHSE:600446) 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.

Shenzhen Kingdom Sci-tech Co Research & Development Related Terms

Shenzhen Kingdom Sci-tech Co Research & Development Historical Data

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The historical data trend for Shenzhen Kingdom Sci-tech 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.

Shenzhen Kingdom Sci-tech Co Research & Development Chart

Shenzhen Kingdom Sci-tech 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 592.51 636.36 581.43 533.50 484.10

Shenzhen Kingdom Sci-tech 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 127.25 116.36 120.20 120.28 119.56
SHSE:600446
52GF Score
Shenzhen Kingdom Sci-tech Co Ltd SHSE:600446
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Kingdom Sci-tech 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 ¥476 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 ¥476 Mil mean?
Shenzhen Kingdom Sci-tech Co (SHSE:600446) has a Research & Development of ¥476 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shenzhen Kingdom Sci-tech Co and its competitors.
Is Shenzhen Kingdom Sci-tech Co's Research & Development too high?
Shenzhen Kingdom Sci-tech Co's current Research & Development is ¥476 Mil. Overall, Shenzhen Kingdom Sci-tech Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Kingdom Sci-tech Co's Research & Development compare to UBER and SHOP?
Shenzhen Kingdom Sci-tech Co's Research & Development of ¥476 Mil can be compared against companies in the Software 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 Software company?
A good Research & Development depends on the Software 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 Shenzhen Kingdom Sci-tech Co and its competitors. Shenzhen Kingdom Sci-tech Co's current Research & Development is ¥476 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Kingdom Sci-tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co (SHSE:600446) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥6.06, compared to a current price of ¥9.88 — trading 63% above its estimated fair value. The current Research & Development is ¥476 Mil. Shenzhen Kingdom Sci-tech Co's overall GF Score™ is 52/100 with 1 warning sign 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 Shenzhen Kingdom Sci-tech Co (SHSE:600446), the current Research & Development is ¥476 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 Shenzhen Kingdom Sci-tech Co (SHSE:600446) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co stock appears to be overvalued. The current stock price of ¥9.88 is trading 63% above its estimated GF Value™ of ¥6.06. GuruFocus considers Shenzhen Kingdom Sci-tech Co to be Significantly Overvalued.

Key valuation signals for SHSE:600446:

  • Research & Development: ¥476 Mil
  • GF Value™: ¥6.06 vs. price of ¥9.88 (63% above fair value)
  • GF Score™: 52/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shenzhen Kingdom Sci-tech Co Business Description

Address the 9th high-South Road, Shenzhen Science and Technology Parks, Nanshan District, Shenzhen, CHN, 518026
Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies.
52GF Score

Get the complete analysis for SHSE:600446

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

¥9.88
Price
¥6.06
GF Value