Irico Group New Energy Co (HKSE:00438) Research & Development: HK$106 Mil (TTM As of Dec. 2025)


HKSE:00438 Irico Group New Energy Co Ltd HKSE:00438
50 GF Score
Price HK$1.28
GF Value HK$2.79
Valuation Possible Value Trap
! 6 Warning Signs
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What is Irico Group New Energy Co Research & Development?

Irico Group New Energy Co HKSE:00438 +8.47% 50 Research & Development is HK$106 Mil as of Dec. 2025. GuruFocus rates HKSE:00438 with a GF Score™ of 50/100 and a GF Value™ of HK$2.79 (Possible Value Trap). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Irico Group New Energy Co's Research & Development for the six months ended in Dec. 2025 was HK$51 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$106 Mil.

Irico Group New Energy Co  (HKSE:00438) 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.

Irico Group New Energy Co Research & Development Related Terms

Irico Group New Energy Co Research & Development Historical Data

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The historical data trend for Irico Group New Energy 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.

Irico Group New Energy Co Research & Development Chart

Irico Group New Energy 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 66.61 74.67 112.58 128.98 107.01

Irico Group New Energy Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 60.49 71.52 58.06 55.66 50.75
HKSE:00438
50GF Score
Irico Group New Energy Co Ltd HKSE:00438
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Irico Group New Energy 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$106 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 HK$106 Mil mean?
Irico Group New Energy Co (HKSE:00438) has a Research & Development of HK$106 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Irico Group New Energy Co and its competitors.
Is Irico Group New Energy Co's Research & Development too high?
Irico Group New Energy Co's current Research & Development is HK$106 Mil. Overall, Irico Group New Energy Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Irico Group New Energy Co's Research & Development compare to FSLR and NXT?
Irico Group New Energy Co's Research & Development of HK$106 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Research & Development depends on the Semiconductors 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 Irico Group New Energy Co and its competitors. Irico Group New Energy Co's current Research & Development is HK$106 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Irico Group New Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Irico Group New Energy Co (HKSE:00438) is currently considered Possible Value Trap. The stock's GF Value™ is HK$2.79, compared to a current price of HK$1.28 — trading 54.1% below its estimated fair value. The current Research & Development is HK$106 Mil. Irico Group New Energy Co's overall GF Score™ is 50/100 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 Irico Group New Energy Co (HKSE:00438), the current Research & Development is HK$106 Mil as of Dec. 2025. 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 Irico Group New Energy Co (HKSE:00438) Overvalued in 2026?

Based on GuruFocus' analysis, Irico Group New Energy Co stock appears to be undervalued. The current stock price of HK$1.28 is trading 54.1% below its estimated GF Value™ of HK$2.79. GuruFocus considers Irico Group New Energy Co to be Possible Value Trap.

Key valuation signals for HKSE:00438:

  • Research & Development: HK$106 Mil
  • GF Value™: HK$2.79 vs. price of HK$1.28 (54.1% below fair value)
  • GF Score™: 50/100 with 6 warning signs

No single metric tells the full story. See the HKSE:00438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Irico Group New Energy Co Business Description

Address Xinghuo Avenue, No. 3, C6, High-Tech Industrial Development Zone, Shaanxi Province, Xianyang, CHN, 712000
Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. Along with its subsidiaries, it produces and sells solar photovoltaic glass, solar photovoltaic modules, and back glass, which is applied to solar cell module packaging. Its geographical segments are: The People's Republic of China (excluding Hong Kong), and Other countries, of which the majority of the revenue comes from China.
50GF Score

Get the complete analysis for HKSE:00438

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

HK$1.28
Price
HK$2.79
GF Value