Zhongjin Gold (SHSE:600489) Research & Development: ¥648 Mil (TTM As of Mar. 2026)


SHSE:600489 Zhongjin Gold Corp Ltd SHSE:600489
88 GF Score
Price ¥20.34
GF Value ¥21.24
Valuation Fairly Valued
! 1 Warning Sign
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What is Zhongjin Gold Research & Development?

Zhongjin Gold SHSE:600489 +1.95% 88 Research & Development is ¥648 Mil as of Mar. 2026. GuruFocus rates SHSE:600489 with a GF Score™ of 88/100 and a GF Value™ of ¥21.24 (Fairly Valued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Zhongjin Gold's Research & Development for the three months ended in Mar. 2026 was ¥117 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥648 Mil.

Zhongjin Gold  (SHSE:600489) 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.

Zhongjin Gold Research & Development Related Terms

Zhongjin Gold Research & Development Historical Data

* Premium members only.

The historical data trend for Zhongjin Gold'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.

Zhongjin Gold Research & Development Chart

Zhongjin Gold 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 631.38 660.45 683.51 730.50 650.66

Zhongjin Gold 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 119.40 198.65 203.15 129.46 116.72
SHSE:600489
88GF Score
Zhongjin Gold Corp Ltd SHSE:600489
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhongjin Gold 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 ¥648 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 ¥648 Mil mean?
Zhongjin Gold (SHSE:600489) has a Research & Development of ¥648 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Zhongjin Gold and its competitors.
Is Zhongjin Gold's Research & Development too high?
Zhongjin Gold's current Research & Development is ¥648 Mil. Overall, Zhongjin Gold has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhongjin Gold's Research & Development compare to NEM and AU?
Zhongjin Gold's Research & Development of ¥648 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 Zhongjin Gold and its competitors. Zhongjin Gold's current Research & Development is ¥648 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongjin Gold stock overvalued right now?
Based on GuruFocus' analysis, Zhongjin Gold (SHSE:600489) is currently considered Fairly Valued. The stock's GF Value™ is ¥21.24, compared to a current price of ¥20.34 — trading 4.2% below its estimated fair value. The current Research & Development is ¥648 Mil. Zhongjin Gold's overall GF Score™ is 88/100 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 Zhongjin Gold (SHSE:600489), the current Research & Development is ¥648 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 Zhongjin Gold (SHSE:600489) Overvalued in 2026?

Based on GuruFocus' analysis, Zhongjin Gold stock appears to be undervalued. The current stock price of ¥20.34 is trading 4.2% below its estimated GF Value™ of ¥21.24. GuruFocus considers Zhongjin Gold to be Fairly Valued.

Key valuation signals for SHSE:600489:

  • Research & Development: ¥648 Mil
  • GF Value™: ¥21.24 vs. price of ¥20.34 (4.2% below fair value)
  • GF Score™: 88/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhongjin Gold Business Description

Address No. 9 Andingmenwai Street, Dongcheng District, Beijing, CHN, 100011
Zhongjin Gold Corp Ltd engages in the mining, smelting, and sale of non-ferrous metals in China. Its products include gold, electrolytic silver and copper, sulfuric acid, and other products, as well as iron oxide pigments. The company operates its business in both the domestic and overseas market.
88GF Score

Get the complete analysis for SHSE:600489

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

¥20.34
Price
¥21.24
GF Value