Shenzhen Zecheng Electronics Co (BJSE:920821) Research & Development: ¥26.1 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.

BJSE:920821 Shenzhen Zecheng Electronics Co Ltd BJSE:920821
67 GF Score
Price ¥17.15
GF Value ¥17.90
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Shenzhen Zecheng Electronics Co Research & Development?

Shenzhen Zecheng Electronics Co BJSE:920821 67 Research & Development is ¥26.1 Mil as of Mar. 2026. GuruFocus rates BJSE:920821 with a GF Score™ of 67/100 and a GF Value™ of ¥17.90 (Fairly Valued). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shenzhen Zecheng Electronics Co's Research & Development for the three months ended in Mar. 2026 was ¥5.5 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥26.1 Mil.

Shenzhen Zecheng Electronics Co  (BJSE:920821) 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.

Shenzhen Zecheng Electronics Co Research & Development Related Terms

Shenzhen Zecheng Electronics Co Research & Development Historical Data

* Premium members only.

The historical data trend for Shenzhen Zecheng Electronics 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.

Shenzhen Zecheng Electronics Co Research & Development Chart

Shenzhen Zecheng Electronics 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 15.36 22.03 17.51 23.01 26.79

Shenzhen Zecheng Electronics 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 6.19 5.96 6.56 8.09 5.46
BJSE:920821
67GF Score
Shenzhen Zecheng Electronics Co Ltd BJSE:920821
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenzhen Zecheng Electronics 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 ¥26.1 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 ¥26.1 Mil mean?
Shenzhen Zecheng Electronics Co (BJSE:920821) has a Research & Development of ¥26.1 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shenzhen Zecheng Electronics Co and its competitors.
Is Shenzhen Zecheng Electronics Co's Research & Development too high?
Shenzhen Zecheng Electronics Co's current Research & Development is ¥26.1 Mil. Overall, Shenzhen Zecheng Electronics Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Zecheng Electronics Co's Research & Development compare to APH and GLW?
Shenzhen Zecheng Electronics Co's Research & Development of ¥26.1 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Research & Development depends on the Hardware 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 Shenzhen Zecheng Electronics Co and its competitors. Shenzhen Zecheng Electronics Co's current Research & Development is ¥26.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Zecheng Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Zecheng Electronics Co (BJSE:920821) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.90, compared to a current price of ¥17.15 — trading 4.2% below its estimated fair value. The current Research & Development is ¥26.1 Mil. Shenzhen Zecheng Electronics Co's overall GF Score™ is 67/100 with 7 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 Shenzhen Zecheng Electronics Co (BJSE:920821), the current Research & Development is ¥26.1 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 Shenzhen Zecheng Electronics Co (BJSE:920821) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Zecheng Electronics Co stock appears to be undervalued. The current stock price of ¥17.15 is trading 4.2% below its estimated GF Value™ of ¥17.90. GuruFocus considers Shenzhen Zecheng Electronics Co to be Fairly Valued.

Key valuation signals for BJSE:920821:

  • Research & Development: ¥26.1 Mil
  • GF Value™: ¥17.90 vs. price of ¥17.15 (4.2% below fair value)
  • GF Score™: 67/100 with 7 warning signs

No single metric tells the full story. See the BJSE:920821 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shenzhen Zecheng Electronics Co Business Description

Address No. 48, Kangzheng Road, Danzhutou Community, Nanwan Street, Floors 301 and 4, Building 5 and 6, Longgang District, Guangdong, Shenzhen, CHN, 518114
Shenzhen Zecheng Electronics Co Ltd is engaged in the research and development, production, and sales of customized intelligent control module products based on flexible applications. It has three basic businesses of smart module modules, electronic assembly, and circuit boards. Its product offering comprises Automobile EPS steering gear module, Automobile EPS steering gear module, Car rear camera module, Automotive interior lighting module, Series Eye Treatment Apparatus, Braces pressure tester, Spirometer, VR and touch module, Headphone smart touch module, Biological fingerprint recognition and sensor module, Biological fingerprint recognition and sensor module, Communication module AX series, among others.
67GF Score

Get the complete analysis for BJSE:920821

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

¥17.15
Price
¥17.90
GF Value