TravelSky Technology (HKSE:00696) Research & Development: HK$678 Mil (TTM As of Dec. 2025)

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HKSE:00696 TravelSky Technology Ltd HKSE:00696
98 GF Score
Price HK$8.62
GF Value HK$12.57
Valuation Significantly Undervalued
! 2 Warning Signs
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What is TravelSky Technology Research & Development?

TravelSky Technology HKSE:00696 +1.41% 98 Research & Development is HK$678 Mil as of Dec. 2025. GuruFocus rates HKSE:00696 with a GF Score™ of 98/100 and a GF Value™ of HK$12.57 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. TravelSky Technology's Research & Development for the six months ended in Dec. 2025 was HK$496 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$678 Mil.

TravelSky Technology  (HKSE:00696) 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.

TravelSky Technology Research & Development Related Terms

TravelSky Technology Research & Development Historical Data

* Premium members only.

The historical data trend for TravelSky Technology'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.

TravelSky Technology Research & Development Chart

TravelSky Technology 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 1,192.40 783.61 943.97 880.44 680.11

TravelSky Technology 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 642.95 465.02 419.25 181.80 496.37
HKSE:00696
98GF Score
TravelSky Technology Ltd HKSE:00696
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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TravelSky Technology 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$678 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$678 Mil mean?
TravelSky Technology (HKSE:00696) has a Research & Development of HK$678 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on TravelSky Technology and its competitors.
Is TravelSky Technology's Research & Development too high?
TravelSky Technology's current Research & Development is HK$678 Mil. Overall, TravelSky Technology has a GF Score™ of 98/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TravelSky Technology's Research & Development compare to IBM and ACN?
TravelSky Technology's Research & Development of HK$678 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 TravelSky Technology and its competitors. TravelSky Technology's current Research & Development is HK$678 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TravelSky Technology stock overvalued right now?
Based on GuruFocus' analysis, TravelSky Technology (HKSE:00696) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$12.57, compared to a current price of HK$8.62 — trading 31.4% below its estimated fair value. The current Research & Development is HK$678 Mil. TravelSky Technology's overall GF Score™ is 98/100 with 2 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 TravelSky Technology (HKSE:00696), the current Research & Development is HK$678 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 TravelSky Technology (HKSE:00696) Overvalued in 2026?

Based on GuruFocus' analysis, TravelSky Technology stock appears to be undervalued. The current stock price of HK$8.62 is trading 31.4% below its estimated GF Value™ of HK$12.57. GuruFocus considers TravelSky Technology to be Significantly Undervalued.

Key valuation signals for HKSE:00696:

  • Research & Development: HK$678 Mil
  • GF Value™: HK$12.57 vs. price of HK$8.62 (31.4% below fair value)
  • GF Score™: 98/100 with 2 warning signs

No single metric tells the full story. See the HKSE:00696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TravelSky Technology Business Description

Other Exchanges TSYHY:USATSYHF:USA
Address TravelSky High-Tech Industrial Park, Houshayu Town, Shunyi District, Beijing, CHN, 101318
TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information platform service revenue contributes approximately more than half the company's total revenue. All of the company's operations are carried in the PRC.
98GF Score

Get the complete analysis for HKSE:00696

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

HK$8.62
Price
HK$12.57
GF Value