Shandong Hiking International Co (SHSE:600735) Research & Development: ¥2 Mil (TTM As of Mar. 2026)


SHSE:600735 Shandong Hiking International Co Ltd SHSE:600735
61 GF Score
Price ¥6.28
GF Value ¥3.85
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Shandong Hiking International Co Research & Development?

Shandong Hiking International Co SHSE:600735 -0.63% 61 Research & Development is ¥2 Mil as of Mar. 2026. GuruFocus rates SHSE:600735 with a GF Score™ of 61/100 and a GF Value™ of ¥3.85 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shandong Hiking International Co's Research & Development for the three months ended in Mar. 2026 was ¥0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2 Mil.

Shandong Hiking International Co  (SHSE:600735) 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.

Shandong Hiking International Co Research & Development Related Terms

Shandong Hiking International Co Research & Development Historical Data

* Premium members only.

The historical data trend for Shandong Hiking International 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.

Shandong Hiking International Co Research & Development Chart

Shandong Hiking International 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 0.00 0.00 0.00 0.00 0.00

Shandong Hiking International 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 0.00 0.00 1.88 0.00 0.03
SHSE:600735
61GF Score
Shandong Hiking International Co Ltd SHSE:600735
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shandong Hiking International 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 ¥2 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 ¥2 Mil mean?
Shandong Hiking International Co (SHSE:600735) has a Research & Development of ¥2 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shandong Hiking International Co and its competitors.
Is Shandong Hiking International Co's Research & Development too high?
Shandong Hiking International Co's current Research & Development is ¥2 Mil. Overall, Shandong Hiking International Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Hiking International Co's Research & Development compare to GWW and FAST?
Shandong Hiking International Co's Research & Development of ¥2 Mil can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good Research & Development depends on the Industrial Distribution 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 Shandong Hiking International Co and its competitors. Shandong Hiking International Co's current Research & Development is ¥2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Hiking International Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Hiking International Co (SHSE:600735) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.85, compared to a current price of ¥6.28 — trading 63.1% above its estimated fair value. The current Research & Development is ¥2 Mil. Shandong Hiking International Co's overall GF Score™ is 61/100 with 2 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 Shandong Hiking International Co (SHSE:600735), the current Research & Development is ¥2 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 Shandong Hiking International Co (SHSE:600735) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Hiking International Co stock appears to be overvalued. The current stock price of ¥6.28 is trading 63.1% above its estimated GF Value™ of ¥3.85. GuruFocus considers Shandong Hiking International Co to be Significantly Overvalued.

Key valuation signals for SHSE:600735:

  • Research & Development: ¥2 Mil
  • GF Value™: ¥3.85 vs. price of ¥6.28 (63.1% above fair value)
  • GF Score™: 61/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600735 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shandong Hiking International Co Business Description

Address No. 131, Songling Road, 17th Floor, Laoshan District, Shandong Province, Qingdao, CHN, 266101
Shandong Hiking International Co Ltd is engaged in the international trade of textile products, aquatic products, and non-ferrous metal products.
61GF Score

Get the complete analysis for SHSE:600735

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

¥6.28
Price
¥3.85
GF Value