Zhiyang Innovation Technology Co (SHSE:688191) Research & Development: ¥122 Mil (TTM As of Mar. 2026)

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SHSE:688191 Zhiyang Innovation Technology Co Ltd SHSE:688191
73 GF Score
Price ¥19.90
GF Value ¥15.70
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Zhiyang Innovation Technology Co Research & Development?

Zhiyang Innovation Technology Co SHSE:688191 -10.52% 73 Research & Development is ¥122 Mil as of Mar. 2026. GuruFocus rates SHSE:688191 with a GF Score™ of 73/100 and a GF Value™ of ¥15.70 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Zhiyang Innovation Technology Co's Research & Development for the three months ended in Mar. 2026 was ¥32 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥122 Mil.

Zhiyang Innovation Technology Co  (SHSE:688191) 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.

Zhiyang Innovation Technology Co Research & Development Related Terms

Zhiyang Innovation Technology Co Research & Development Historical Data

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The historical data trend for Zhiyang Innovation Technology 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.

Zhiyang Innovation Technology Co Research & Development Chart

Zhiyang Innovation Technology 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 69.02 87.40 100.79 111.20 116.46

Zhiyang Innovation Technology 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 26.33 29.91 30.61 29.62 32.23
SHSE:688191
73GF Score
Zhiyang Innovation Technology Co Ltd SHSE:688191
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhiyang Innovation Technology 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 ¥122 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 ¥122 Mil mean?
Zhiyang Innovation Technology Co (SHSE:688191) has a Research & Development of ¥122 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Zhiyang Innovation Technology Co and its competitors.
Is Zhiyang Innovation Technology Co's Research & Development too high?
Zhiyang Innovation Technology Co's current Research & Development is ¥122 Mil. Overall, Zhiyang Innovation Technology Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhiyang Innovation Technology Co's Research & Development compare to VRT and BE?
Zhiyang Innovation Technology Co's Research & Development of ¥122 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 Zhiyang Innovation Technology Co and its competitors. Zhiyang Innovation Technology Co's current Research & Development is ¥122 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhiyang Innovation Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhiyang Innovation Technology Co (SHSE:688191) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥15.70, compared to a current price of ¥19.90 — trading 26.8% above its estimated fair value. The current Research & Development is ¥122 Mil. Zhiyang Innovation Technology Co's overall GF Score™ is 73/100 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 Zhiyang Innovation Technology Co (SHSE:688191), the current Research & Development is ¥122 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 Zhiyang Innovation Technology Co (SHSE:688191) Overvalued in 2026?

Based on GuruFocus' analysis, Zhiyang Innovation Technology Co stock appears to be overvalued. The current stock price of ¥19.90 is trading 26.8% above its estimated GF Value™ of ¥15.70. GuruFocus considers Zhiyang Innovation Technology Co to be Modestly Overvalued.

Key valuation signals for SHSE:688191:

  • Research & Development: ¥122 Mil
  • GF Value™: ¥15.70 vs. price of ¥19.90 (26.8% above fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the SHSE:688191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhiyang Innovation Technology Co Business Description

Address No.135 Zhengtong Road, High-tech Zone, Room 405, Block E, Shandong Province, Zibo, CHN, 255086
Zhiyang Innovation Technology Co Ltd provides an intelligent operation and maintenance analysis and management system that integrates monitoring, management, analysis, early warning, alarm, and linkage. The company's products have covered intelligent operation and maintenance of power grid transmission, transformation, and power distribution.
73GF Score

Get the complete analysis for SHSE:688191

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

¥19.90
Price
¥15.70
GF Value