Shanghai Tunnel Engineering Co (SHSE:600820) Research & Development: ¥2,312 Mil (TTM As of Mar. 2026)


SHSE:600820 Shanghai Tunnel Engineering Co Ltd SHSE:600820
65 GF Score
Price ¥5.28
GF Value ¥4.65
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Shanghai Tunnel Engineering Co Research & Development?

Shanghai Tunnel Engineering Co SHSE:600820 +0.19% 65 Research & Development is ¥2,312 Mil as of Mar. 2026. GuruFocus rates SHSE:600820 with a GF Score™ of 65/100 and a GF Value™ of ¥4.65 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shanghai Tunnel Engineering Co's Research & Development for the three months ended in Mar. 2026 was ¥329 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2,312 Mil.

Shanghai Tunnel Engineering Co  (SHSE:600820) 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.

Shanghai Tunnel Engineering Co Research & Development Related Terms

Shanghai Tunnel Engineering Co Research & Development Historical Data

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The historical data trend for Shanghai Tunnel Engineering 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.

Shanghai Tunnel Engineering Co Research & Development Chart

Shanghai Tunnel Engineering 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 2,172.32 2,686.43 2,976.86 2,630.61 2,325.25

Shanghai Tunnel Engineering 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 341.76 618.83 946.59 418.07 328.63
SHSE:600820
65GF Score
Shanghai Tunnel Engineering Co Ltd SHSE:600820
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Tunnel Engineering 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 ¥2,312 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 ¥2,312 Mil mean?
Shanghai Tunnel Engineering Co (SHSE:600820) has a Research & Development of ¥2,312 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shanghai Tunnel Engineering Co and its competitors.
Is Shanghai Tunnel Engineering Co's Research & Development too high?
Shanghai Tunnel Engineering Co's current Research & Development is ¥2,312 Mil. Overall, Shanghai Tunnel Engineering Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Tunnel Engineering Co's Research & Development compare to PWR and FIX?
Shanghai Tunnel Engineering Co's Research & Development of ¥2,312 Mil can be compared against companies in the Construction 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 Construction company?
A good Research & Development depends on the Construction 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 Shanghai Tunnel Engineering Co and its competitors. Shanghai Tunnel Engineering Co's current Research & Development is ¥2,312 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Tunnel Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Tunnel Engineering Co (SHSE:600820) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.65, compared to a current price of ¥5.28 — trading 13.5% above its estimated fair value. The current Research & Development is ¥2,312 Mil. Shanghai Tunnel Engineering Co's overall GF Score™ is 65/100 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 Shanghai Tunnel Engineering Co (SHSE:600820), the current Research & Development is ¥2,312 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 Shanghai Tunnel Engineering Co (SHSE:600820) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Tunnel Engineering Co stock appears to be overvalued. The current stock price of ¥5.28 is trading 13.5% above its estimated GF Value™ of ¥4.65. GuruFocus considers Shanghai Tunnel Engineering Co to be Modestly Overvalued.

Key valuation signals for SHSE:600820:

  • Research & Development: ¥2,312 Mil
  • GF Value™: ¥4.65 vs. price of ¥5.28 (13.5% above fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shanghai Tunnel Engineering Co Business Description

Address 1099 South Wanping Road, Xuhui District, Shanghai, CHN, 200232
Shanghai Tunnel Engineering Co Ltd is a China-based engineering & construction company. It is engaged in the construction of railways, highways, tunnels and bridges, real estate, water service, green material.
65GF Score

Get the complete analysis for SHSE:600820

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

¥5.28
Price
¥4.65
GF Value