Xiamen Tungsten Co (SHSE:600549) Research & Development: ¥1,881 Mil (TTM As of Mar. 2026)


SHSE:600549 Xiamen Tungsten Co Ltd SHSE:600549
77 GF Score
Price ¥83.86
GF Value ¥30.12
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Xiamen Tungsten Co Research & Development?

Xiamen Tungsten Co SHSE:600549 -0.76% 77 Research & Development is ¥1,881 Mil as of Mar. 2026. GuruFocus rates SHSE:600549 with a GF Score™ of 77/100 and a GF Value™ of ¥30.12 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Xiamen Tungsten Co's Research & Development for the three months ended in Mar. 2026 was ¥454 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,881 Mil.

Xiamen Tungsten Co  (SHSE:600549) 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.

Xiamen Tungsten Co Research & Development Related Terms

Xiamen Tungsten Co Research & Development Historical Data

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The historical data trend for Xiamen Tungsten 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.

Xiamen Tungsten Co Research & Development Chart

Xiamen Tungsten 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 1,275.75 1,728.94 1,608.57 1,491.89 1,739.67

Xiamen Tungsten 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 312.60 421.63 445.29 560.14 454.16
SHSE:600549
77GF Score
Xiamen Tungsten Co Ltd SHSE:600549
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Xiamen Tungsten 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 ¥1,881 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 ¥1,881 Mil mean?
Xiamen Tungsten Co (SHSE:600549) has a Research & Development of ¥1,881 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Xiamen Tungsten Co and its competitors.
Is Xiamen Tungsten Co's Research & Development too high?
Xiamen Tungsten Co's current Research & Development is ¥1,881 Mil. Overall, Xiamen Tungsten Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xiamen Tungsten Co's Research & Development compare to competitors?
Xiamen Tungsten Co's Research & Development of ¥1,881 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 Xiamen Tungsten Co and its competitors. Xiamen Tungsten Co's current Research & Development is ¥1,881 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xiamen Tungsten Co stock overvalued right now?
Based on GuruFocus' analysis, Xiamen Tungsten Co (SHSE:600549) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.12, compared to a current price of ¥83.86 — trading 178.4% above its estimated fair value. The current Research & Development is ¥1,881 Mil. Xiamen Tungsten Co's overall GF Score™ is 77/100 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 Xiamen Tungsten Co (SHSE:600549), the current Research & Development is ¥1,881 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 Xiamen Tungsten Co (SHSE:600549) Overvalued in 2026?

Based on GuruFocus' analysis, Xiamen Tungsten Co stock appears to be overvalued. The current stock price of ¥83.86 is trading 178.4% above its estimated GF Value™ of ¥30.12. GuruFocus considers Xiamen Tungsten Co to be Significantly Overvalued.

Key valuation signals for SHSE:600549:

  • Research & Development: ¥1,881 Mil
  • GF Value™: ¥30.12 vs. price of ¥83.86 (178.4% above fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Xiamen Tungsten Co Business Description

Address No. 81, Zhanhong Road, Floor 21-22, Tower A, Tefang Portman Fortune Center, Fujian Province, Xiamen, CHN, 361009
Xiamen Tungsten Co Ltd engages in the sale of tungsten, molybdenum, rare earth, and new energy materials in China. The company operates its businesses through four segments. The Tungsten, Molybdenum and Other Nonferrous Metal Products segment focuses on activities such as tungsten ore extraction, smelting, production of tungsten powder and wire, and processing of cemented carbide. The Rare Earth Business segment covers the extraction of rare earth minerals, their smelting and separation, and processing of rare earth-based products. The Battery Materials segment is involved in developing, producing, and marketing materials used in new energy batteries. The Real Estate & Supporting Management segment manages real estate development projects and provides related operational support services.
77GF Score

Get the complete analysis for SHSE:600549

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

¥83.86
Price
¥30.12
GF Value