Shuifa Gas Co (SHSE:603318) Research & Development: ¥18 Mil (TTM As of Mar. 2026)


SHSE:603318 Shuifa Gas Co Ltd SHSE:603318
63 GF Score
Price ¥8.74
GF Value ¥5.32
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Shuifa Gas Co Research & Development?

Shuifa Gas Co SHSE:603318 -5.82% 63 Research & Development is ¥18 Mil as of Mar. 2026. GuruFocus rates SHSE:603318 with a GF Score™ of 63/100 and a GF Value™ of ¥5.32 (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. Shuifa Gas Co's Research & Development for the three months ended in Mar. 2026 was ¥1 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥18 Mil.

Shuifa Gas Co  (SHSE:603318) 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.

Shuifa Gas Co Research & Development Related Terms

Shuifa Gas Co Research & Development Historical Data

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The historical data trend for Shuifa Gas 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.

Shuifa Gas Co Research & Development Chart

Shuifa Gas 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 12.79 15.89 14.63 14.54 18.84

Shuifa Gas 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 2.51 3.86 9.81 2.67 1.22
SHSE:603318
63GF Score
Shuifa Gas Co Ltd SHSE:603318
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shuifa Gas 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 ¥18 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 ¥18 Mil mean?
Shuifa Gas Co (SHSE:603318) has a Research & Development of ¥18 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shuifa Gas Co and its competitors.
Is Shuifa Gas Co's Research & Development too high?
Shuifa Gas Co's current Research & Development is ¥18 Mil. Overall, Shuifa Gas Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shuifa Gas Co's Research & Development compare to SLB and BKR?
Shuifa Gas Co's Research & Development of ¥18 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Research & Development depends on the Oil & Gas 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 Shuifa Gas Co and its competitors. Shuifa Gas Co's current Research & Development is ¥18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shuifa Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Shuifa Gas Co (SHSE:603318) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.32, compared to a current price of ¥8.74 — trading 64.3% above its estimated fair value. The current Research & Development is ¥18 Mil. Shuifa Gas Co's overall GF Score™ is 63/100 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 Shuifa Gas Co (SHSE:603318), the current Research & Development is ¥18 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 Shuifa Gas Co (SHSE:603318) Overvalued in 2026?

Based on GuruFocus' analysis, Shuifa Gas Co stock appears to be overvalued. The current stock price of ¥8.74 is trading 64.3% above its estimated GF Value™ of ¥5.32. GuruFocus considers Shuifa Gas Co to be Significantly Overvalued.

Key valuation signals for SHSE:603318:

  • Research & Development: ¥18 Mil
  • GF Value™: ¥5.32 vs. price of ¥8.74 (64.3% above fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the SHSE:603318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shuifa Gas Co Business Description

Industry EnergyOil & Gas
Address No. 33399, Jingshi East Road, 10th Floor, Shuifa Building, Licheng District, Shandong Province, Jinan, CHN, 250102
Shuifa Gas Co Ltd is engaged in the design, production, sales, and service of products related to gas transmission, distribution, and gas applications. Its business scope includes gas supply operations, hazardous chemicals trading, power generation, electricity transmission and distribution, and insurance agency services.
63GF Score

Get the complete analysis for SHSE:603318

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

¥8.74
Price
¥5.32
GF Value