Shang Gong Group Co (SHSE:600843) Research & Development: ¥160 Mil (TTM As of Mar. 2026)

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SHSE:600843 Shang Gong Group Co Ltd SHSE:600843
44 GF Score
Price ¥6.30
GF Value ¥9.49
Valuation Possible Value Trap
! 7 Warning Signs
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What is Shang Gong Group Co Research & Development?

Shang Gong Group Co SHSE:600843 -2.33% 44 Research & Development is ¥160 Mil as of Mar. 2026. GuruFocus rates SHSE:600843 with a GF Score™ of 44/100 and a GF Value™ of ¥9.49 (Possible Value Trap). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shang Gong Group Co's Research & Development for the three months ended in Mar. 2026 was ¥38 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥160 Mil.

Shang Gong Group Co  (SHSE:600843) 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.

Shang Gong Group Co Research & Development Related Terms

Shang Gong Group Co Research & Development Historical Data

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The historical data trend for Shang Gong 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.

Shang Gong Group Co Research & Development Chart

Shang Gong 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 112.72 114.98 148.75 159.41 159.05

Shang Gong 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 36.68 43.01 41.47 37.89 37.55
SHSE:600843
44GF Score
Shang Gong Group Co Ltd SHSE:600843
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shang Gong 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 ¥160 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 ¥160 Mil mean?
Shang Gong Group Co (SHSE:600843) has a Research & Development of ¥160 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shang Gong Group Co and its competitors.
Is Shang Gong Group Co's Research & Development too high?
Shang Gong Group Co's current Research & Development is ¥160 Mil. Overall, Shang Gong Group Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shang Gong Group Co's Research & Development compare to GEV and ETN?
Shang Gong Group Co's Research & Development of ¥160 Mil can be compared against companies in the Industrial Products 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 Products company?
A good Research & Development depends on the Industrial Products 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 Shang Gong Group Co and its competitors. Shang Gong Group Co's current Research & Development is ¥160 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shang Gong Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shang Gong Group Co (SHSE:600843) is currently considered Possible Value Trap. The stock's GF Value™ is ¥9.49, compared to a current price of ¥6.30 — trading 33.6% below its estimated fair value. The current Research & Development is ¥160 Mil. Shang Gong Group Co's overall GF Score™ is 44/100 with 7 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 Shang Gong Group Co (SHSE:600843), the current Research & Development is ¥160 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 Shang Gong Group Co (SHSE:600843) Overvalued in 2026?

Based on GuruFocus' analysis, Shang Gong Group Co stock appears to be undervalued. The current stock price of ¥6.30 is trading 33.6% below its estimated GF Value™ of ¥9.49. GuruFocus considers Shang Gong Group Co to be Possible Value Trap.

Key valuation signals for SHSE:600843:

  • Research & Development: ¥160 Mil
  • GF Value™: ¥9.49 vs. price of ¥6.30 (33.6% below fair value)
  • GF Score™: 44/100 with 7 warning signs

No single metric tells the full story. See the SHSE:600843 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shang Gong Group Co Business Description

Other Exchanges 900924:China
Address No. 1500 Century Avenue, Room A-D, 12th Floor, Orient Mansion, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 200122
Shang Gong Group Co Ltd is engaged in research & development, production, sale, and maintenance of sewing machines and spare parts in China. It is also engaged in the production of auto parts, office equipment, and related trading businesses. The company provides high-end sewing products for automakers like Mercedes-Benz, BMW, Audi, and General Motors; in aerospace and new material fields also have large customers including Boeing, Airbus, and COMAC. It owns manufacturing enterprises in China, Germany, the Czech Republic, and Romania, and its sales network has spread across the world. Its household sewing machine brands - Butterfly, Flyman, and Bee are widely known in China and sold to overseas markets.
44GF Score

Get the complete analysis for SHSE:600843

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

¥6.30
Price
¥9.49
GF Value