China Testing & Certification International Group Co (SHSE:603060) Research & Development: ¥206 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:603060 China Testing & Certification International Group Co Ltd SHSE:603060
90 GF Score
Price ¥5.31
GF Value ¥6.85
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is China Testing & Certification International Group Co Research & Development?

China Testing & Certification International Group Co SHSE:603060 -3.28% 90 Research & Development is ¥206 Mil as of Mar. 2026. GuruFocus rates SHSE:603060 with a GF Score™ of 90/100 and a GF Value™ of ¥6.85 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. China Testing & Certification International 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 ¥206 Mil.

China Testing & Certification International Group Co  (SHSE:603060) 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.

China Testing & Certification International Group Co Research & Development Related Terms

China Testing & Certification International Group Co Research & Development Historical Data

* Premium members only.

The historical data trend for China Testing & Certification International 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.

China Testing & Certification International Group Co Research & Development Chart

China Testing & Certification International 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 183.07 206.31 235.27 225.37 204.64

China Testing & Certification International 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 40.23 49.74 48.48 66.19 41.24
SHSE:603060
90GF Score
China Testing & Certification International Group Co Ltd SHSE:603060
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Testing & Certification International 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 ¥206 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 ¥206 Mil mean?
China Testing & Certification International Group Co (SHSE:603060) has a Research & Development of ¥206 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on China Testing & Certification International Group Co and its competitors.
Is China Testing & Certification International Group Co's Research & Development too high?
China Testing & Certification International Group Co's current Research & Development is ¥206 Mil. Overall, China Testing & Certification International Group Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Testing & Certification International Group Co's Research & Development compare to VRSK and EFX?
China Testing & Certification International Group Co's Research & Development of ¥206 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Research & Development depends on the Business Services 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 China Testing & Certification International Group Co and its competitors. China Testing & Certification International Group Co's current Research & Development is ¥206 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Testing & Certification International Group Co stock overvalued right now?
Based on GuruFocus' analysis, China Testing & Certification International Group Co (SHSE:603060) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.85, compared to a current price of ¥5.31 — trading 22.5% below its estimated fair value. The current Research & Development is ¥206 Mil. China Testing & Certification International Group Co's overall GF Score™ is 90/100 with 8 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 China Testing & Certification International Group Co (SHSE:603060), the current Research & Development is ¥206 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 China Testing & Certification International Group Co (SHSE:603060) Overvalued in 2026?

Based on GuruFocus' analysis, China Testing & Certification International Group Co stock appears to be undervalued. The current stock price of ¥5.31 is trading 22.5% below its estimated GF Value™ of ¥6.85. GuruFocus considers China Testing & Certification International Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:603060:

  • Research & Development: ¥206 Mil
  • GF Value™: ¥6.85 vs. price of ¥5.31 (22.5% below fair value)
  • GF Score™: 90/100 with 8 warning signs

No single metric tells the full story. See the SHSE:603060 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Testing & Certification International Group Co Business Description

Address No. 1 Guanzhuang Dongli, South Building, Research and Production Area, Chaoyang District, Beijing, CHN, 100024
China Testing & Certification International Group Co Ltd provides third-party inspection and certification services in the fields of building materials and construction engineering. Its service offering comprises certification, safety and instrument development services as well as extended services such as energy-saving emission reduction technology services, standardization services, personnel training and occupational skill identification. The company primarily serve the building materials and construction engineering enterprises, solar photovoltaic product production and application enterprises, carbon emission trading units, product quality and technical supervision departments, industrial and commercial management departments and safety production supervision departments.
90GF Score

Get the complete analysis for SHSE:603060

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

¥5.31
Price
¥6.85
GF Value