Baoji Titanium Industry Co (SHSE:600456) Research & Development: ¥169 Mil (TTM As of Mar. 2026)

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SHSE:600456 Baoji Titanium Industry Co Ltd SHSE:600456
71 GF Score
Price ¥28.22
GF Value ¥33.78
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Baoji Titanium Industry Co Research & Development?

Baoji Titanium Industry Co SHSE:600456 +1.69% 71 Research & Development is ¥169 Mil as of Mar. 2026. GuruFocus rates SHSE:600456 with a GF Score™ of 71/100 and a GF Value™ of ¥33.78 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Baoji Titanium Industry Co's Research & Development for the three months ended in Mar. 2026 was ¥31 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥169 Mil.

Baoji Titanium Industry Co  (SHSE:600456) 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.

Baoji Titanium Industry Co Research & Development Related Terms

Baoji Titanium Industry Co Research & Development Historical Data

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The historical data trend for Baoji Titanium Industry 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.

Baoji Titanium Industry Co Research & Development Chart

Baoji Titanium Industry 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 163.09 244.80 289.18 203.99 168.30

Baoji Titanium Industry 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 30.40 88.12 70.40 -20.62 31.48
SHSE:600456
71GF Score
Baoji Titanium Industry Co Ltd SHSE:600456
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Baoji Titanium Industry 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 ¥169 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 ¥169 Mil mean?
Baoji Titanium Industry Co (SHSE:600456) has a Research & Development of ¥169 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Baoji Titanium Industry Co and its competitors.
Is Baoji Titanium Industry Co's Research & Development too high?
Baoji Titanium Industry Co's current Research & Development is ¥169 Mil. Overall, Baoji Titanium Industry Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Baoji Titanium Industry Co's Research & Development compare to competitors?
Baoji Titanium Industry Co's Research & Development of ¥169 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Research & Development depends on the Metals & Mining 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 Baoji Titanium Industry Co and its competitors. Baoji Titanium Industry Co's current Research & Development is ¥169 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baoji Titanium Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Baoji Titanium Industry Co (SHSE:600456) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥33.78, compared to a current price of ¥28.22 — trading 16.5% below its estimated fair value. The current Research & Development is ¥169 Mil. Baoji Titanium Industry Co's overall GF Score™ is 71/100 with 8 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 Baoji Titanium Industry Co (SHSE:600456), the current Research & Development is ¥169 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 Baoji Titanium Industry Co (SHSE:600456) Overvalued in 2026?

Based on GuruFocus' analysis, Baoji Titanium Industry Co stock appears to be undervalued. The current stock price of ¥28.22 is trading 16.5% below its estimated GF Value™ of ¥33.78. GuruFocus considers Baoji Titanium Industry Co to be Modestly Undervalued.

Key valuation signals for SHSE:600456:

  • Research & Development: ¥169 Mil
  • GF Value™: ¥33.78 vs. price of ¥28.22 (16.5% below fair value)
  • GF Score™: 71/100 with 8 warning signs

No single metric tells the full story. See the SHSE:600456 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Baoji Titanium Industry Co Business Description

Address No. 88, Gaoxin Avenue, High-tech Development Zone, Shaanxi Province, Baoji, CHN, 721014
Baoji Titanium Industry Co Ltd is mainly engaged in the production, processing and sales of titanium and titanium alloys.
71GF Score

Get the complete analysis for SHSE:600456

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

¥28.22
Price
¥33.78
GF Value