Shede Spirits Co (SHSE:600702) Total Operating Expense: ¥2,410 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600702 Shede Spirits Co Ltd SHSE:600702
79 GF Score
Price ¥34.51
GF Value ¥50.61
Valuation Possible Value Trap
! 10 Warning Signs
View Full Analysis

What is Shede Spirits Co Total Operating Expense?

Shede Spirits Co SHSE:600702 +5.96% 79 Total Operating Expense is ¥2,410 Mil as of Mar. 2026. GuruFocus rates SHSE:600702 with a GF Score™ of 79/100 and a GF Value™ of ¥50.61 (Possible Value Trap). The stock has 10 warning signs investors should review.

Shede Spirits Co's Total Operating Expense for the three months ended in Mar. 2026 was ¥667 Mil. Shede Spirits Co's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2,410 Mil.

Shede Spirits Co Total Operating Expense Related Terms

Shede Spirits Co Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Shede Spirits Co's Total Operating Expense 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.

Shede Spirits Co Total Operating Expense Chart

Shede Spirits Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,228.36 2,564.45 3,042.71 2,944.02 2,373.43

Shede Spirits Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 630.35 579.47 582.20 581.41 666.73
SHSE:600702
79GF Score
Shede Spirits Co Ltd SHSE:600702
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shede Spirits Co Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense 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 ¥2,410 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.

What does a Total Operating Expense of ¥2,410 Mil mean?
Shede Spirits Co (SHSE:600702) has a Total Operating Expense of ¥2,410 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Shede Spirits Co and its competitors.
Is Shede Spirits Co's Total Operating Expense too high?
Shede Spirits Co's current Total Operating Expense is ¥2,410 Mil. Overall, Shede Spirits Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shede Spirits Co's Total Operating Expense compare to BF.B?
Shede Spirits Co's Total Operating Expense of ¥2,410 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Beverages - Alcoholic company?
A good Total Operating Expense depends on the Beverages - Alcoholic industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Shede Spirits Co and its competitors. Shede Spirits Co's current Total Operating Expense is ¥2,410 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shede Spirits Co stock overvalued right now?
Based on GuruFocus' analysis, Shede Spirits Co (SHSE:600702) is currently considered Possible Value Trap. The stock's GF Value™ is ¥50.61, compared to a current price of ¥34.51 — trading 31.8% below its estimated fair value. The current Total Operating Expense is ¥2,410 Mil. Shede Spirits Co's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Shede Spirits Co (SHSE:600702), the current Total Operating Expense is ¥2,410 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 Shede Spirits Co (SHSE:600702) Overvalued in 2026?

Based on GuruFocus' analysis, Shede Spirits Co stock appears to be undervalued. The current stock price of ¥34.51 is trading 31.8% below its estimated GF Value™ of ¥50.61. GuruFocus considers Shede Spirits Co to be Possible Value Trap.

Key valuation signals for SHSE:600702:

  • Total Operating Expense: ¥2,410 Mil
  • GF Value™: ¥50.61 vs. price of ¥34.51 (31.8% below fair value)
  • GF Score™: 79/100 with 10 warning signs

No single metric tells the full story. See the SHSE:600702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shede Spirits Co Business Description

Address No. 999, Tuopai Avenue, Tuopai Town, Sichuan Province, Shehong, CHN, 629209
Shede Spirits Co Ltd manufactures liquor products. The company produces high-end liquor, low-end liquor, mid-end liquor, and other products. Shede Spirits markets its products throughout China.
79GF Score

Get the complete analysis for SHSE:600702

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥34.51
Price
¥50.61
GF Value