Fulu Holdings (HKSE:02101) Research & Development: HK$36.9 Mil (TTM As of Dec. 2025)

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HKSE:02101 Fulu Holdings Ltd HKSE:02101
73 GF Score
Price HK$1.40
GF Value HK$1.35
Valuation Fairly Valued
! 4 Warning Signs
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What is Fulu Holdings Research & Development?

Fulu Holdings HKSE:02101 +3.70% 73 Research & Development is HK$36.9 Mil as of Dec. 2025. GuruFocus rates HKSE:02101 with a GF Score™ of 73/100 and a GF Value™ of HK$1.35 (Fairly Valued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Fulu Holdings's Research & Development for the six months ended in Dec. 2025 was HK$19.0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$36.9 Mil.

Fulu Holdings  (HKSE:02101) 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.

Fulu Holdings Research & Development Related Terms

Fulu Holdings Research & Development Historical Data

* Premium members only.

The historical data trend for Fulu Holdings'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.

Fulu Holdings Research & Development Chart

Fulu Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only 50.64 68.44 64.06 47.21 37.09

Fulu Holdings Semi-Annual Data
Dec17 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 28.50 17.75 29.61 17.94 18.95
HKSE:02101
73GF Score
Fulu Holdings Ltd HKSE:02101
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Fulu Holdings 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$36.9 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$36.9 Mil mean?
Fulu Holdings (HKSE:02101) has a Research & Development of HK$36.9 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Fulu Holdings and its competitors.
Is Fulu Holdings' Research & Development too high?
Fulu Holdings' current Research & Development is HK$36.9 Mil. Overall, Fulu Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fulu Holdings' Research & Development compare to AMZN and BABA?
Fulu Holdings' Research & Development of HK$36.9 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Research & Development depends on the Retail - Cyclical 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 Fulu Holdings and its competitors. Fulu Holdings's current Research & Development is HK$36.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fulu Holdings (HKSE:02101) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.35, compared to a current price of HK$1.40 — trading 3.7% above its estimated fair value. The current Research & Development is HK$36.9 Mil. Fulu Holdings' overall GF Score™ is 73/100 with 4 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 Fulu Holdings (HKSE:02101), the current Research & Development is HK$36.9 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 Fulu Holdings (HKSE:02101) Overvalued in 2026?

Based on GuruFocus' analysis, Fulu Holdings stock appears to be overvalued. The current stock price of HK$1.40 is trading 3.7% above its estimated GF Value™ of HK$1.35. GuruFocus considers Fulu Holdings to be Fairly Valued.

Key valuation signals for HKSE:02101:

  • Research & Development: HK$36.9 Mil
  • GF Value™: HK$1.35 vs. price of HK$1.40 (3.7% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the HKSE:02101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fulu Holdings Business Description

Address No. 77, Guanggu Avenue, 14th Floor, Building B27, Optics Valley Financial Port, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN
Fulu Holdings Ltd is principally engaged in the provision of services to facilitate digital goods transactions and online store operating services. The company generates revenue from five business segments: leisure and entertainment, games, telecommunications, lifestyle, and corporate welfare. The company generates the maximum of its revenue from the Lifestyle segment. It generates all of its revenue from China only.
73GF Score

Get the complete analysis for HKSE:02101

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

HK$1.40
Price
HK$1.35
GF Value