Changshu Tongrun Auto Accessory Co (SHSE:603201) Research & Development: ¥35 Mil (TTM As of Mar. 2026)

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SHSE:603201 Changshu Tongrun Auto Accessory Co Ltd SHSE:603201
82 GF Score
Price ¥17.83
GF Value ¥19.81
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Changshu Tongrun Auto Accessory Co Research & Development?

Changshu Tongrun Auto Accessory Co SHSE:603201 +2.00% 82 Research & Development is ¥35 Mil as of Mar. 2026. GuruFocus rates SHSE:603201 with a GF Score™ of 82/100 and a GF Value™ of ¥19.81 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Changshu Tongrun Auto Accessory Co's Research & Development for the three months ended in Mar. 2026 was ¥8 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥35 Mil.

Changshu Tongrun Auto Accessory Co  (SHSE:603201) 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.

Changshu Tongrun Auto Accessory Co Research & Development Related Terms

Changshu Tongrun Auto Accessory Co Research & Development Historical Data

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The historical data trend for Changshu Tongrun Auto Accessory 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.

Changshu Tongrun Auto Accessory Co Research & Development Chart

Changshu Tongrun Auto Accessory Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 59.44 36.50 25.22 26.07 33.21

Changshu Tongrun Auto Accessory 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 5.44 6.94 9.31 11.53 7.60
SHSE:603201
82GF Score
Changshu Tongrun Auto Accessory Co Ltd SHSE:603201
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Changshu Tongrun Auto Accessory 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 ¥35 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 ¥35 Mil mean?
Changshu Tongrun Auto Accessory Co (SHSE:603201) has a Research & Development of ¥35 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Changshu Tongrun Auto Accessory Co and its competitors.
Is Changshu Tongrun Auto Accessory Co's Research & Development too high?
Changshu Tongrun Auto Accessory Co's current Research & Development is ¥35 Mil. Overall, Changshu Tongrun Auto Accessory Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changshu Tongrun Auto Accessory Co's Research & Development compare to ORLY and AZO?
Changshu Tongrun Auto Accessory Co's Research & Development of ¥35 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 Changshu Tongrun Auto Accessory Co and its competitors. Changshu Tongrun Auto Accessory Co's current Research & Development is ¥35 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changshu Tongrun Auto Accessory Co stock overvalued right now?
Based on GuruFocus' analysis, Changshu Tongrun Auto Accessory Co (SHSE:603201) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥19.81, compared to a current price of ¥17.83 — trading 10% below its estimated fair value. The current Research & Development is ¥35 Mil. Changshu Tongrun Auto Accessory Co's overall GF Score™ is 82/100 with 1 warning sign 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 Changshu Tongrun Auto Accessory Co (SHSE:603201), the current Research & Development is ¥35 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 Changshu Tongrun Auto Accessory Co (SHSE:603201) Overvalued in 2026?

Based on GuruFocus' analysis, Changshu Tongrun Auto Accessory Co stock appears to be undervalued. The current stock price of ¥17.83 is trading 10% below its estimated GF Value™ of ¥19.81. GuruFocus considers Changshu Tongrun Auto Accessory Co to be Modestly Undervalued.

Key valuation signals for SHSE:603201:

  • Research & Development: ¥35 Mil
  • GF Value™: ¥19.81 vs. price of ¥17.83 (10% below fair value)
  • GF Score™: 82/100 with 1 warning sign

No single metric tells the full story. See the SHSE:603201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Changshu Tongrun Auto Accessory Co Business Description

Address Xinlongteng Industrial Park, Economic Development Zone, Jiangsu Province, Changshu, CHN, 215500
Changshu Tongrun Auto Accessory Co Ltd is engaged in the research and development, manufacturing, and sales of various jacks and their extended products. The company's main products include commercial jacks, vehicle-mounted jacks, professional jacks, lifts, and other automotive maintenance equipment and tools.
82GF Score

Get the complete analysis for SHSE:603201

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

¥17.83
Price
¥19.81
GF Value