Harbin VITI Electronic Co (SHSE:603023) Research & Development: ¥16.4 Mil (TTM As of Mar. 2026)


SHSE:603023 Harbin VITI Electronic Co Ltd SHSE:603023
60 GF Score
Price ¥3.82
GF Value ¥8.79
Valuation Possible Value Trap
! 2 Warning Signs
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What is Harbin VITI Electronic Co Research & Development?

Harbin VITI Electronic Co SHSE:603023 +1.33% 60 Research & Development is ¥16.4 Mil as of Mar. 2026. GuruFocus rates SHSE:603023 with a GF Score™ of 60/100 and a GF Value™ of ¥8.79 (Possible Value Trap). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Harbin VITI Electronic Co's Research & Development for the three months ended in Mar. 2026 was ¥4.3 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥16.4 Mil.

Harbin VITI Electronic Co  (SHSE:603023) 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.

Harbin VITI Electronic Co Research & Development Related Terms

Harbin VITI Electronic Co Research & Development Historical Data

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The historical data trend for Harbin VITI Electronic 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.

Harbin VITI Electronic Co Research & Development Chart

Harbin VITI Electronic 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 12.83 14.26 13.84 11.04 15.74

Harbin VITI Electronic 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 3.63 4.27 4.47 3.37 4.25
SHSE:603023
60GF Score
Harbin VITI Electronic Co Ltd SHSE:603023
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbin VITI Electronic 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 ¥16.4 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 ¥16.4 Mil mean?
Harbin VITI Electronic Co (SHSE:603023) has a Research & Development of ¥16.4 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Harbin VITI Electronic Co and its competitors.
Is Harbin VITI Electronic Co's Research & Development too high?
Harbin VITI Electronic Co's current Research & Development is ¥16.4 Mil. Overall, Harbin VITI Electronic Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harbin VITI Electronic Co's Research & Development compare to ORLY and AZO?
Harbin VITI Electronic Co's Research & Development of ¥16.4 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Research & Development depends on the Vehicles & Parts 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 Harbin VITI Electronic Co and its competitors. Harbin VITI Electronic Co's current Research & Development is ¥16.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin VITI Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin VITI Electronic Co (SHSE:603023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.79, compared to a current price of ¥3.82 — trading 56.5% below its estimated fair value. The current Research & Development is ¥16.4 Mil. Harbin VITI Electronic Co's overall GF Score™ is 60/100 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 Harbin VITI Electronic Co (SHSE:603023), the current Research & Development is ¥16.4 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 Harbin VITI Electronic Co (SHSE:603023) Overvalued in 2026?

Based on GuruFocus' analysis, Harbin VITI Electronic Co stock appears to be undervalued. The current stock price of ¥3.82 is trading 56.5% below its estimated GF Value™ of ¥8.79. GuruFocus considers Harbin VITI Electronic Co to be Possible Value Trap.

Key valuation signals for SHSE:603023:

  • Research & Development: ¥16.4 Mil
  • GF Value™: ¥8.79 vs. price of ¥3.82 (56.5% below fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Harbin VITI Electronic Co Business Description

Address No. 11 West Haping Road, High-tech Development District, Heilongjiang Province, Harbin, CHN, 150060
Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.
60GF Score

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

¥3.82
Price
¥8.79
GF Value