Guangzhou Baiyun Electric Equipment Co (SHSE:603861) Research & Development: ¥171 Mil (TTM As of Mar. 2026)

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SHSE:603861 Guangzhou Baiyun Electric Equipment Co Ltd SHSE:603861
81 GF Score
Price ¥10.39
GF Value ¥8.70
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Guangzhou Baiyun Electric Equipment Co Research & Development?

Guangzhou Baiyun Electric Equipment Co SHSE:603861 -3.71% 81 Research & Development is ¥171 Mil as of Mar. 2026. GuruFocus rates SHSE:603861 with a GF Score™ of 81/100 and a GF Value™ of ¥8.70 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Guangzhou Baiyun Electric Equipment Co's Research & Development for the three months ended in Mar. 2026 was ¥34 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥171 Mil.

Guangzhou Baiyun Electric Equipment Co  (SHSE:603861) 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.

Guangzhou Baiyun Electric Equipment Co Research & Development Related Terms

Guangzhou Baiyun Electric Equipment Co Research & Development Historical Data

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The historical data trend for Guangzhou Baiyun Electric Equipment 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.

Guangzhou Baiyun Electric Equipment Co Research & Development Chart

Guangzhou Baiyun Electric Equipment 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 126.07 116.99 141.35 170.36 163.50

Guangzhou Baiyun Electric Equipment 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 26.78 43.85 37.49 55.37 34.47
SHSE:603861
81GF Score
Guangzhou Baiyun Electric Equipment Co Ltd SHSE:603861
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Guangzhou Baiyun Electric Equipment 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 ¥171 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 ¥171 Mil mean?
Guangzhou Baiyun Electric Equipment Co (SHSE:603861) has a Research & Development of ¥171 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Guangzhou Baiyun Electric Equipment Co and its competitors.
Is Guangzhou Baiyun Electric Equipment Co's Research & Development too high?
Guangzhou Baiyun Electric Equipment Co's current Research & Development is ¥171 Mil. Overall, Guangzhou Baiyun Electric Equipment Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guangzhou Baiyun Electric Equipment Co's Research & Development compare to GEV and ETN?
Guangzhou Baiyun Electric Equipment Co's Research & Development of ¥171 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Research & Development depends on the Industrial Products 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 Guangzhou Baiyun Electric Equipment Co and its competitors. Guangzhou Baiyun Electric Equipment Co's current Research & Development is ¥171 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangzhou Baiyun Electric Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Guangzhou Baiyun Electric Equipment Co (SHSE:603861) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥8.70, compared to a current price of ¥10.39 — trading 19.4% above its estimated fair value. The current Research & Development is ¥171 Mil. Guangzhou Baiyun Electric Equipment Co's overall GF Score™ is 81/100 with 8 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 Guangzhou Baiyun Electric Equipment Co (SHSE:603861), the current Research & Development is ¥171 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 Guangzhou Baiyun Electric Equipment Co (SHSE:603861) Overvalued in 2026?

Based on GuruFocus' analysis, Guangzhou Baiyun Electric Equipment Co stock appears to be overvalued. The current stock price of ¥10.39 is trading 19.4% above its estimated GF Value™ of ¥8.70. GuruFocus considers Guangzhou Baiyun Electric Equipment Co to be Modestly Overvalued.

Key valuation signals for SHSE:603861:

  • Research & Development: ¥171 Mil
  • GF Value™: ¥8.70 vs. price of ¥10.39 (19.4% above fair value)
  • GF Score™: 81/100 with 8 warning signs

No single metric tells the full story. See the SHSE:603861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Guangzhou Baiyun Electric Equipment Co Business Description

Address No.18 Daling South Road, Shenshan Industrial Zone, Jianggao Town, Baiyun District, Guangzhou, CHN, 510460
Guangzhou Baiyun Electric Equipment Co Ltd engages in the research, development, manufacture, and sales of high and low voltage switchgear assemblies and components. Its products include gas-insulated substation integrated electric equipment, high and low voltage assembly, direct current traction, low voltage components, prefabricated transformer substation, and intelligent products. Its products are used in rail transit, grid, power generation, metallurgy of iron and steel, petroleum, paper, automotive, nuclear power, municipal facilities, building, and other fields.
81GF Score

Get the complete analysis for SHSE:603861

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

¥10.39
Price
¥8.70
GF Value