Zhongman Petroleum And Natural Gas Group (SHSE:603619) Research & Development: ¥133 Mil (TTM As of Mar. 2026)


SHSE:603619 Zhongman Petroleum And Natural Gas Group Corp Ltd SHSE:603619
84 GF Score
Price ¥18.99
GF Value ¥19.47
Valuation Fairly Valued
! 6 Warning Signs
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What is Zhongman Petroleum And Natural Gas Group Research & Development?

Zhongman Petroleum And Natural Gas Group SHSE:603619 -0.89% 84 Research & Development is ¥133 Mil as of Mar. 2026. GuruFocus rates SHSE:603619 with a GF Score™ of 84/100 and a GF Value™ of ¥19.47 (Fairly Valued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Zhongman Petroleum And Natural Gas Group's Research & Development for the three months ended in Mar. 2026 was ¥23 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥133 Mil.

Zhongman Petroleum And Natural Gas Group  (SHSE:603619) 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.

Zhongman Petroleum And Natural Gas Group Research & Development Related Terms

Zhongman Petroleum And Natural Gas Group Research & Development Historical Data

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The historical data trend for Zhongman Petroleum And Natural Gas Group'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.

Zhongman Petroleum And Natural Gas Group Research & Development Chart

Zhongman Petroleum And Natural Gas Group 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 60.55 116.54 135.20 131.38 137.32

Zhongman Petroleum And Natural Gas Group 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 27.13 41.91 30.75 37.54 22.75
SHSE:603619
84GF Score
Zhongman Petroleum And Natural Gas Group Corp Ltd SHSE:603619
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhongman Petroleum And Natural Gas Group 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 ¥133 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 ¥133 Mil mean?
Zhongman Petroleum And Natural Gas Group (SHSE:603619) has a Research & Development of ¥133 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Zhongman Petroleum And Natural Gas Group and its competitors.
Is Zhongman Petroleum And Natural Gas Group's Research & Development too high?
Zhongman Petroleum And Natural Gas Group's current Research & Development is ¥133 Mil. Overall, Zhongman Petroleum And Natural Gas Group has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhongman Petroleum And Natural Gas Group's Research & Development compare to XOM and CVX?
Zhongman Petroleum And Natural Gas Group's Research & Development of ¥133 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 Zhongman Petroleum And Natural Gas Group and its competitors. Zhongman Petroleum And Natural Gas Group's current Research & Development is ¥133 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongman Petroleum And Natural Gas Group stock overvalued right now?
Based on GuruFocus' analysis, Zhongman Petroleum And Natural Gas Group (SHSE:603619) is currently considered Fairly Valued. The stock's GF Value™ is ¥19.47, compared to a current price of ¥18.99 — trading 2.5% below its estimated fair value. The current Research & Development is ¥133 Mil. Zhongman Petroleum And Natural Gas Group's overall GF Score™ is 84/100 with 6 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 Zhongman Petroleum And Natural Gas Group (SHSE:603619), the current Research & Development is ¥133 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 Zhongman Petroleum And Natural Gas Group (SHSE:603619) Overvalued in 2026?

Based on GuruFocus' analysis, Zhongman Petroleum And Natural Gas Group stock appears to be undervalued. The current stock price of ¥18.99 is trading 2.5% below its estimated GF Value™ of ¥19.47. GuruFocus considers Zhongman Petroleum And Natural Gas Group to be Fairly Valued.

Key valuation signals for SHSE:603619:

  • Research & Development: ¥133 Mil
  • GF Value™: ¥19.47 vs. price of ¥18.99 (2.5% below fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the SHSE:603619 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhongman Petroleum And Natural Gas Group Business Description

Industry EnergyOil & Gas
Address No. 3998 Jiangshan Road, Pudong New Area, Shanghai, CHN, 201306
Zhongman Petroleum And Natural Gas Group Corp Ltd is engaged in Drilling engineering and drilling equipment manufacturing business.
84GF Score

Get the complete analysis for SHSE:603619

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

¥18.99
Price
¥19.47
GF Value