Xinjiang East Universe (Group) Gas Co (SHSE:603706) Research & Development: ¥4 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:603706 Xinjiang East Universe (Group) Gas Co Ltd SHSE:603706
91 GF Score
Price ¥18.31
GF Value ¥18.86
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Xinjiang East Universe (Group) Gas Co Research & Development?

Xinjiang East Universe (Group) Gas Co SHSE:603706 +0.11% 91 Research & Development is ¥4 Mil as of Mar. 2026. GuruFocus rates SHSE:603706 with a GF Score™ of 91/100 and a GF Value™ of ¥18.86 (Fairly Valued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Xinjiang East Universe (Group) 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 ¥4 Mil.

Xinjiang East Universe (Group) Gas Co  (SHSE:603706) 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.

Xinjiang East Universe (Group) Gas Co Research & Development Related Terms

Xinjiang East Universe (Group) Gas Co Research & Development Historical Data

* Premium members only.

The historical data trend for Xinjiang East Universe (Group) 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.

Xinjiang East Universe (Group) Gas Co Research & Development Chart

Xinjiang East Universe (Group) 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 0.00 0.00 3.30 5.45 3.96

Xinjiang East Universe (Group) 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 0.73 1.05 1.10 1.08 0.97
SHSE:603706
91GF Score
Xinjiang East Universe (Group) Gas Co Ltd SHSE:603706
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Xinjiang East Universe (Group) 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 ¥4 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 ¥4 Mil mean?
Xinjiang East Universe (Group) Gas Co (SHSE:603706) has a Research & Development of ¥4 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Xinjiang East Universe (Group) Gas Co and its competitors.
Is Xinjiang East Universe (Group) Gas Co's Research & Development too high?
Xinjiang East Universe (Group) Gas Co's current Research & Development is ¥4 Mil. Overall, Xinjiang East Universe (Group) Gas Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Xinjiang East Universe (Group) Gas Co's Research & Development compare to ATO and NI?
Xinjiang East Universe (Group) Gas Co's Research & Development of ¥4 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Research & Development depends on the Utilities - Regulated 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 Xinjiang East Universe (Group) Gas Co and its competitors. Xinjiang East Universe (Group) Gas Co's current Research & Development is ¥4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinjiang East Universe (Group) Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Xinjiang East Universe (Group) Gas Co (SHSE:603706) is currently considered Fairly Valued. The stock's GF Value™ is ¥18.86, compared to a current price of ¥18.31 — trading 2.9% below its estimated fair value. The current Research & Development is ¥4 Mil. Xinjiang East Universe (Group) Gas Co's overall GF Score™ is 91/100 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 Xinjiang East Universe (Group) Gas Co (SHSE:603706), the current Research & Development is ¥4 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 Xinjiang East Universe (Group) Gas Co (SHSE:603706) Overvalued in 2026?

Based on GuruFocus' analysis, Xinjiang East Universe (Group) Gas Co stock appears to be undervalued. The current stock price of ¥18.31 is trading 2.9% below its estimated GF Value™ of ¥18.86. GuruFocus considers Xinjiang East Universe (Group) Gas Co to be Fairly Valued.

Key valuation signals for SHSE:603706:

  • Research & Development: ¥4 Mil
  • GF Value™: ¥18.86 vs. price of ¥18.31 (2.9% below fair value)
  • GF Score™: 91/100 with 1 warning sign

No single metric tells the full story. See the SHSE:603706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Xinjiang East Universe (Group) Gas Co Business Description

Address No. 198 Yan'an North Road, 24th Floor, Changji Prefecture, Changji City, CHN, 831100
Xinjiang East Universe (Group) Gas Co Ltd offers gas supplying services. It offers car gas products, residents living gas products, industrial gas products, commercial gas products and other gas equipment installation services.
91GF Score

Get the complete analysis for SHSE:603706

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

¥18.31
Price
¥18.86
GF Value