Inner Mongolia First Machinery Group Co (SHSE:600967) Research & Development: ¥558 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600967 Inner Mongolia First Machinery Group Co Ltd SHSE:600967
48 GF Score
Price ¥11.56
GF Value ¥8.74
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Inner Mongolia First Machinery Group Co Research & Development?

Inner Mongolia First Machinery Group Co SHSE:600967 +3.77% 48 Research & Development is ¥558 Mil as of Mar. 2026. GuruFocus rates SHSE:600967 with a GF Score™ of 48/100 and a GF Value™ of ¥8.74 (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. Inner Mongolia First Machinery Group Co's Research & Development for the three months ended in Mar. 2026 was ¥41 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥558 Mil.

Inner Mongolia First Machinery Group Co  (SHSE:600967) 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.

Inner Mongolia First Machinery Group Co Research & Development Related Terms

Inner Mongolia First Machinery Group Co Research & Development Historical Data

* Premium members only.

The historical data trend for Inner Mongolia First Machinery 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.

Inner Mongolia First Machinery Group Co Research & Development Chart

Inner Mongolia First Machinery 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 422.78 601.07 514.55 519.26 557.20

Inner Mongolia First Machinery 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 39.72 112.61 125.88 279.00 40.67
SHSE:600967
48GF Score
Inner Mongolia First Machinery Group Co Ltd SHSE:600967
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inner Mongolia First Machinery 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 ¥558 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 ¥558 Mil mean?
Inner Mongolia First Machinery Group Co (SHSE:600967) has a Research & Development of ¥558 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Inner Mongolia First Machinery Group Co and its competitors.
Is Inner Mongolia First Machinery Group Co's Research & Development too high?
Inner Mongolia First Machinery Group Co's current Research & Development is ¥558 Mil. Overall, Inner Mongolia First Machinery Group Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inner Mongolia First Machinery Group Co's Research & Development compare to SPCX and GE?
Inner Mongolia First Machinery Group Co's Research & Development of ¥558 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 Inner Mongolia First Machinery Group Co and its competitors. Inner Mongolia First Machinery Group Co's current Research & Development is ¥558 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner Mongolia First Machinery Group Co stock overvalued right now?
Based on GuruFocus' analysis, Inner Mongolia First Machinery Group Co (SHSE:600967) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.74, compared to a current price of ¥11.56 — trading 32.3% above its estimated fair value. The current Research & Development is ¥558 Mil. Inner Mongolia First Machinery Group Co's overall GF Score™ is 48/100 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 Inner Mongolia First Machinery Group Co (SHSE:600967), the current Research & Development is ¥558 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 Inner Mongolia First Machinery Group Co (SHSE:600967) Overvalued in 2026?

Based on GuruFocus' analysis, Inner Mongolia First Machinery Group Co stock appears to be overvalued. The current stock price of ¥11.56 is trading 32.3% above its estimated GF Value™ of ¥8.74. GuruFocus considers Inner Mongolia First Machinery Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:600967:

  • Research & Development: ¥558 Mil
  • GF Value™: ¥8.74 vs. price of ¥11.56 (32.3% above fair value)
  • GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Inner Mongolia First Machinery Group Co Business Description

Address Democratic Road, Inner Mongolia Autonomous Region, Qingshan District, Baotou, CHN, 014030
Inner Mongolia First Machinery Group Co Ltd manufactures and distributes freight cars, gondola cars, tank cars, flatcars, boxcars, hopper cars, brake beams, bogies, and axles. The other business involves the research and development, sales, and manufacturing of railway trucks and parts, machinery equipment, and pressure vessels. The companies export region covers Asia, Africa, South America, and North America and other countries and regions.
48GF Score

Get the complete analysis for SHSE:600967

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

¥11.56
Price
¥8.74
GF Value