CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Research & Development: ¥882 Mil (TTM As of Mar. 2026)

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SHSE:600685 CSSC Offshore & Marine Engineering (Group) Co Ltd SHSE:600685
63 GF Score
Price ¥25.14
GF Value ¥34.41
Valuation Modestly Undervalued
! 3 Warning Signs
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What is CSSC Offshore & Marine Engineering (Group) Co Research & Development?

CSSC Offshore & Marine Engineering (Group) Co SHSE:600685 -2.90% 63 Research & Development is ¥882 Mil as of Mar. 2026. GuruFocus rates SHSE:600685 with a GF Score™ of 63/100 and a GF Value™ of ¥34.41 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. CSSC Offshore & Marine Engineering (Group) Co's Research & Development for the three months ended in Mar. 2026 was ¥176 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥882 Mil.

CSSC Offshore & Marine Engineering (Group) Co  (SHSE:600685) 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.

CSSC Offshore & Marine Engineering (Group) Co Research & Development Related Terms

CSSC Offshore & Marine Engineering (Group) Co Research & Development Historical Data

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The historical data trend for CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co Research & Development Chart

CSSC Offshore & Marine Engineering (Group) 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 617.47 576.25 658.53 888.46 903.31

CSSC Offshore & Marine Engineering (Group) 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 197.70 351.95 216.40 137.26 176.30
SHSE:600685
63GF Score
CSSC Offshore & Marine Engineering (Group) Co Ltd SHSE:600685
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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CSSC Offshore & Marine Engineering (Group) 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 ¥882 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 ¥882 Mil mean?
CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) has a Research & Development of ¥882 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on CSSC Offshore & Marine Engineering (Group) Co and its competitors.
Is CSSC Offshore & Marine Engineering (Group) Co's Research & Development too high?
CSSC Offshore & Marine Engineering (Group) Co's current Research & Development is ¥882 Mil. Overall, CSSC Offshore & Marine Engineering (Group) Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CSSC Offshore & Marine Engineering (Group) Co's Research & Development compare to SPCX and GE?
CSSC Offshore & Marine Engineering (Group) Co's Research & Development of ¥882 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Research & Development depends on the Aerospace & Defense 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 CSSC Offshore & Marine Engineering (Group) Co and its competitors. CSSC Offshore & Marine Engineering (Group) Co's current Research & Development is ¥882 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSSC Offshore & Marine Engineering (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥34.41, compared to a current price of ¥25.14 — trading 26.9% below its estimated fair value. The current Research & Development is ¥882 Mil. CSSC Offshore & Marine Engineering (Group) Co's overall GF Score™ is 63/100 with 3 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 CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685), the current Research & Development is ¥882 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 CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Overvalued in 2026?

Based on GuruFocus' analysis, CSSC Offshore & Marine Engineering (Group) Co stock appears to be undervalued. The current stock price of ¥25.14 is trading 26.9% below its estimated GF Value™ of ¥34.41. GuruFocus considers CSSC Offshore & Marine Engineering (Group) Co to be Modestly Undervalued.

Key valuation signals for SHSE:600685:

  • Research & Development: ¥882 Mil
  • GF Value™: ¥34.41 vs. price of ¥25.14 (26.9% below fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600685 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CSSC Offshore & Marine Engineering (Group) Co Business Description

Other Exchanges 00317:Hong Kong
Address No. 10, Jibaosha North Road, Nansha District, Guangzhou, CHN, 510250
CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through the following business segments: Shipbuilding and related business which generates key revenue, Steel Structure engineering, Ship maintenance, and others.
63GF Score

Get the complete analysis for SHSE:600685

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

¥25.14
Price
¥34.41
GF Value