Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) Research & Development: ¥111 Mil (TTM As of Mar. 2026)


SHSE:603173 Hangzhou Fortune Gas Cryogenic Group Co Ltd SHSE:603173
88 GF Score
Price ¥38.82
GF Value ¥37.17
Valuation Fairly Valued
! 2 Warning Signs
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What is Hangzhou Fortune Gas Cryogenic Group Co Research & Development?

Hangzhou Fortune Gas Cryogenic Group Co SHSE:603173 +2.51% 88 Research & Development is ¥111 Mil as of Mar. 2026. GuruFocus rates SHSE:603173 with a GF Score™ of 88/100 and a GF Value™ of ¥37.17 (Fairly Valued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Hangzhou Fortune Gas Cryogenic Group Co's Research & Development for the three months ended in Mar. 2026 was ¥17 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥111 Mil.


Hangzhou Fortune Gas Cryogenic Group Co  (SHSE:603173) 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.


Hangzhou Fortune Gas Cryogenic Group Co Research & Development Related Terms


Hangzhou Fortune Gas Cryogenic Group Co Research & Development Historical Data

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The historical data trend for Hangzhou Fortune Gas Cryogenic 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.

Hangzhou Fortune Gas Cryogenic Group Co Research & Development Chart

Hangzhou Fortune Gas Cryogenic Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 72.95 90.17 98.06 96.66 115.35

Hangzhou Fortune Gas Cryogenic 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 21.76 29.00 33.31 31.29 17.49
SHSE:603173
88GF Score
Hangzhou Fortune Gas Cryogenic Group Co Ltd SHSE:603173
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Hangzhou Fortune Gas Cryogenic 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 ¥111 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 ¥111 Mil mean?
Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) has a Research & Development of ¥111 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Hangzhou Fortune Gas Cryogenic Group Co and its competitors.
Is Hangzhou Fortune Gas Cryogenic Group Co's Research & Development too high?
Hangzhou Fortune Gas Cryogenic Group Co's current Research & Development is ¥111 Mil. Overall, Hangzhou Fortune Gas Cryogenic Group Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Fortune Gas Cryogenic Group Co's Research & Development compare to GEV and ETN?
Hangzhou Fortune Gas Cryogenic Group Co's Research & Development of ¥111 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 Hangzhou Fortune Gas Cryogenic Group Co and its competitors. Hangzhou Fortune Gas Cryogenic Group Co's current Research & Development is ¥111 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Fortune Gas Cryogenic Group Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) is currently considered Fairly Valued. The stock's GF Value™ is ¥37.17, compared to a current price of ¥38.82 — trading 4.4% above its estimated fair value. The current Research & Development is ¥111 Mil. Hangzhou Fortune Gas Cryogenic Group Co's overall GF Score™ is 88/100 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 Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173), the current Research & Development is ¥111 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 Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou Fortune Gas Cryogenic Group Co stock appears to be overvalued. The current stock price of ¥38.82 is trading 4.4% above its estimated GF Value™ of ¥37.17. GuruFocus considers Hangzhou Fortune Gas Cryogenic Group Co to be Fairly Valued.

Key valuation signals for SHSE:603173:

  • Research & Development: ¥111 Mil
  • GF Value™: ¥37.17 vs. price of ¥38.82 (4.4% above fair value)
  • GF Score™: 88/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hangzhou Fortune Gas Cryogenic Group Co Business Description

Address No. 398, Xingqi Road, Yuhang Economic and Technological Development Zone, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100
Hangzhou Fortune Gas Cryogenic Group Co Ltd is engaged in the development of various cryogenic technology processes and the design, manufacture, and sales of cryogenic equipment. The company's products mainly include air separation equipment, liquefied natural gas equipment (LNG equipment), coil-wound heat exchangers, chemical cold boxes, and cryogenic equipment such as cryogenic storage tanks.
88GF Score

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

¥38.82
Price
¥37.17
GF Value