Qi An Xin Technology Group (SHSE:688561) Research & Development: ¥1,043 Mil (TTM As of Mar. 2026)


SHSE:688561 Qi An Xin Technology Group Inc SHSE:688561
59 GF Score
Price ¥22.90
GF Value ¥32.74
Valuation Possible Value Trap
! 5 Warning Signs
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What is Qi An Xin Technology Group Research & Development?

Qi An Xin Technology Group SHSE:688561 +2.64% 59 Research & Development is ¥1,043 Mil as of Mar. 2026. GuruFocus rates SHSE:688561 with a GF Score™ of 59/100 and a GF Value™ of ¥32.74 (Possible Value Trap). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Qi An Xin Technology Group's Research & Development for the three months ended in Mar. 2026 was ¥234 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,043 Mil.

Qi An Xin Technology Group  (SHSE:688561) 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.

Qi An Xin Technology Group Research & Development Related Terms

Qi An Xin Technology Group Research & Development Historical Data

* Premium members only.

The historical data trend for Qi An Xin Technology 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.

Qi An Xin Technology Group Research & Development Chart

Qi An Xin Technology Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only 1,748.40 1,694.22 1,485.62 1,411.44 1,090.08

Qi An Xin Technology 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 281.25 308.23 245.33 255.27 234.44
SHSE:688561
59GF Score
Qi An Xin Technology Group Inc SHSE:688561
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Qi An Xin Technology 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 ¥1,043 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 ¥1,043 Mil mean?
Qi An Xin Technology Group (SHSE:688561) has a Research & Development of ¥1,043 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Qi An Xin Technology Group and its competitors.
Is Qi An Xin Technology Group's Research & Development too high?
Qi An Xin Technology Group's current Research & Development is ¥1,043 Mil. Overall, Qi An Xin Technology Group has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Qi An Xin Technology Group's Research & Development compare to MSFT and ORCL?
Qi An Xin Technology Group's Research & Development of ¥1,043 Mil can be compared against companies in the Software 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 Software company?
A good Research & Development depends on the Software 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 Qi An Xin Technology Group and its competitors. Qi An Xin Technology Group's current Research & Development is ¥1,043 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qi An Xin Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Qi An Xin Technology Group (SHSE:688561) is currently considered Possible Value Trap. The stock's GF Value™ is ¥32.74, compared to a current price of ¥22.90 — trading 30.1% below its estimated fair value. The current Research & Development is ¥1,043 Mil. Qi An Xin Technology Group's overall GF Score™ is 59/100 with 5 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 Qi An Xin Technology Group (SHSE:688561), the current Research & Development is ¥1,043 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 Qi An Xin Technology Group (SHSE:688561) Overvalued in 2026?

Based on GuruFocus' analysis, Qi An Xin Technology Group stock appears to be undervalued. The current stock price of ¥22.90 is trading 30.1% below its estimated GF Value™ of ¥32.74. GuruFocus considers Qi An Xin Technology Group to be Possible Value Trap.

Key valuation signals for SHSE:688561:

  • Research & Development: ¥1,043 Mil
  • GF Value™: ¥32.74 vs. price of ¥22.90 (30.1% below fair value)
  • GF Score™: 59/100 with 5 warning signs

No single metric tells the full story. See the SHSE:688561 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Qi An Xin Technology Group Business Description

Address No.1, 26 of Xizhimenwai South Road, Qianxin Security Center, Xicheng District, Beijing, CHN
Qi An Xin Technology Group Inc provides a new generation of enterprise-level network security products and services to government and corporate customers.
59GF Score

Get the complete analysis for SHSE:688561

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

¥22.90
Price
¥32.74
GF Value