Shandong Donghong Pipe Industry Co (SHSE:603856) Research & Development: ¥77 Mil (TTM As of Mar. 2026)


SHSE:603856 Shandong Donghong Pipe Industry Co Ltd SHSE:603856
80 GF Score
Price ¥13.51
GF Value ¥9.27
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Shandong Donghong Pipe Industry Co Research & Development?

Shandong Donghong Pipe Industry Co SHSE:603856 -1.82% 80 Research & Development is ¥77 Mil as of Mar. 2026. GuruFocus rates SHSE:603856 with a GF Score™ of 80/100 and a GF Value™ of ¥9.27 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shandong Donghong Pipe Industry Co's Research & Development for the three months ended in Mar. 2026 was ¥15 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥77 Mil.

Shandong Donghong Pipe Industry Co  (SHSE:603856) 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.

Shandong Donghong Pipe Industry Co Research & Development Related Terms

Shandong Donghong Pipe Industry Co Research & Development Historical Data

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The historical data trend for Shandong Donghong Pipe Industry 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.

Shandong Donghong Pipe Industry Co Research & Development Chart

Shandong Donghong Pipe Industry 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 53.56 84.80 88.03 86.46 76.59

Shandong Donghong Pipe Industry 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 14.75 18.93 23.70 19.22 15.38
SHSE:603856
80GF Score
Shandong Donghong Pipe Industry Co Ltd SHSE:603856
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Donghong Pipe Industry 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 ¥77 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 ¥77 Mil mean?
Shandong Donghong Pipe Industry Co (SHSE:603856) has a Research & Development of ¥77 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shandong Donghong Pipe Industry Co and its competitors.
Is Shandong Donghong Pipe Industry Co's Research & Development too high?
Shandong Donghong Pipe Industry Co's current Research & Development is ¥77 Mil. Overall, Shandong Donghong Pipe Industry Co has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Donghong Pipe Industry Co's Research & Development compare to TT and JCI?
Shandong Donghong Pipe Industry Co's Research & Development of ¥77 Mil can be compared against companies in the Construction 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 Construction company?
A good Research & Development depends on the Construction 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 Shandong Donghong Pipe Industry Co and its competitors. Shandong Donghong Pipe Industry Co's current Research & Development is ¥77 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Donghong Pipe Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Donghong Pipe Industry Co (SHSE:603856) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥9.27, compared to a current price of ¥13.51 — trading 45.7% above its estimated fair value. The current Research & Development is ¥77 Mil. Shandong Donghong Pipe Industry Co's overall GF Score™ is 80/100 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 Shandong Donghong Pipe Industry Co (SHSE:603856), the current Research & Development is ¥77 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 Shandong Donghong Pipe Industry Co (SHSE:603856) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Donghong Pipe Industry Co stock appears to be overvalued. The current stock price of ¥13.51 is trading 45.7% above its estimated GF Value™ of ¥9.27. GuruFocus considers Shandong Donghong Pipe Industry Co to be Significantly Overvalued.

Key valuation signals for SHSE:603856:

  • Research & Development: ¥77 Mil
  • GF Value™: ¥9.27 vs. price of ¥13.51 (45.7% above fair value)
  • GF Score™: 80/100 with 6 warning signs

No single metric tells the full story. See the SHSE:603856 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shandong Donghong Pipe Industry Co Business Description

Address No.1 Donghong Road, Shandong Province, Qufu, CHN, 273100
Shandong Donghong Pipe Industry Co Ltd is engaged in the research and development, manufacturing and service of an intelligent pipeline system in China. Its products line includes steel mesh skeleton plastic composite pipes, super wear-resisting composite pipes, HDPE gas pipes, plastic-coated steel pipes, polyethylene pipes for underground coal mining, and other products.
80GF Score

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

¥13.51
Price
¥9.27
GF Value