Changchun High-Tech Industry (Group) Co (SZSE:000661) Research & Development: ¥2,266 Mil (TTM As of Jun. 2026)

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SZSE:000661 Changchun High-Tech Industry (Group) Co Ltd SZSE:000661
84 GF Score
Price ¥73.20
GF Value ¥85.98
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Changchun High-Tech Industry (Group) Co Research & Development?

Changchun High-Tech Industry (Group) Co SZSE:000661 -2.09% 84 Research & Development is ¥2,266 Mil as of Jun. 2026. GuruFocus rates SZSE:000661 with a GF Score™ of 84/100 and a GF Value™ of ¥85.98 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Changchun High-Tech Industry (Group) Co's Research & Development for the three months ended in Jun. 2026 was ¥498 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 was ¥2,266 Mil.

Changchun High-Tech Industry (Group) Co  (SZSE:000661) 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.

Changchun High-Tech Industry (Group) Co Research & Development Related Terms

Changchun High-Tech Industry (Group) Co Research & Development Historical Data

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The historical data trend for Changchun High-Tech Industry (Group) 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.

Changchun High-Tech Industry (Group) Co Research & Development Chart

Changchun High-Tech Industry (Group) 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 884.51 1,358.33 1,723.01 2,166.63 2,472.39

Changchun High-Tech Industry (Group) Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 641.57 578.23 738.99 450.52 497.85
SZSE:000661
84GF Score
Changchun High-Tech Industry (Group) Co Ltd SZSE:000661
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Changchun High-Tech Industry (Group) 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2,266 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 ¥2,266 Mil mean?
Changchun High-Tech Industry (Group) Co (SZSE:000661) has a Research & Development of ¥2,266 Mil as of Jun. 2026. Research and development expense is the total cost for research and development activities. View historical data on Changchun High-Tech Industry (Group) Co and its competitors.
Is Changchun High-Tech Industry (Group) Co's Research & Development too high?
Changchun High-Tech Industry (Group) Co's current Research & Development is ¥2,266 Mil. Overall, Changchun High-Tech Industry (Group) Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changchun High-Tech Industry (Group) Co's Research & Development compare to ZTS?
Changchun High-Tech Industry (Group) Co's Research & Development of ¥2,266 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Research & Development depends on the Drug Manufacturers 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 Changchun High-Tech Industry (Group) Co and its competitors. Changchun High-Tech Industry (Group) Co's current Research & Development is ¥2,266 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changchun High-Tech Industry (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Changchun High-Tech Industry (Group) Co (SZSE:000661) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥85.98, compared to a current price of ¥73.20 — trading 14.9% below its estimated fair value. The current Research & Development is ¥2,266 Mil. Changchun High-Tech Industry (Group) Co's overall GF Score™ is 84/100 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 Changchun High-Tech Industry (Group) Co (SZSE:000661), the current Research & Development is ¥2,266 Mil as of Jun. 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 Changchun High-Tech Industry (Group) Co (SZSE:000661) Overvalued in 2026?

Based on GuruFocus' analysis, Changchun High-Tech Industry (Group) Co stock appears to be undervalued. The current stock price of ¥73.20 is trading 14.9% below its estimated GF Value™ of ¥85.98. GuruFocus considers Changchun High-Tech Industry (Group) Co to be Modestly Undervalued.

Key valuation signals for SZSE:000661:

  • Research & Development: ¥2,266 Mil
  • GF Value™: ¥85.98 vs. price of ¥73.20 (14.9% below fair value)
  • GF Score™: 84/100 with 8 warning signs

No single metric tells the full story. See the SZSE:000661 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Changchun High-Tech Industry (Group) Co Business Description

Address Intersection of Zhenyu Street and Dongweishan Road, 27th Floor, Building B, Hi-Tech Hairong Plaza, Jilin Province, Changchun, CHN, 130012
Changchun High-Tech Industry (Group) Co Ltd is engaged in the production and sales of biopharmaceuticals, Chinese patent medicine production, and real estate development. The company operates its business through three segments. The Pharmaceuticals segment focuses on the research and development, manufacturing, and sales of genetically engineered biologics, human vaccines, traditional Chinese medicines, and chemical pharmaceuticals. The Real Estate segment is involved in property development and sales. The Services segment provides scientific research and technical support, along with leasing and various business-related services. It generates the majority of its revenue from the Pharmaceuticals segment.
84GF Score

Get the complete analysis for SZSE:000661

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

¥73.20
Price
¥85.98
GF Value