Petro-king Oilfield Services (HKSE:02178) Research & Development: HK$21.7 Mil (TTM As of Dec. 2025)


HKSE:02178 Petro-king Oilfield Services Ltd HKSE:02178
29 GF Score
Price HK$0.17
GF Value HK$0.06
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Petro-king Oilfield Services Research & Development?

Petro-king Oilfield Services HKSE:02178 +3.68% 29 Research & Development is HK$21.7 Mil as of Dec. 2025. GuruFocus rates HKSE:02178 with a GF Score™ of 29/100 and a GF Value™ of HK$0.06 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Petro-king Oilfield Services's Research & Development for the six months ended in Dec. 2025 was HK$12.0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$21.7 Mil.

Petro-king Oilfield Services  (HKSE:02178) 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.

Petro-king Oilfield Services Research & Development Related Terms

Petro-king Oilfield Services Research & Development Historical Data

* Premium members only.

The historical data trend for Petro-king Oilfield Services'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.

Petro-king Oilfield Services Research & Development Chart

Petro-king Oilfield Services 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 16.88 12.95 21.53 20.26 21.73

Petro-king Oilfield Services 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 13.28 8.41 11.85 9.73 12.00
HKSE:02178
29GF Score
Petro-king Oilfield Services Ltd HKSE:02178
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Petro-king Oilfield Services 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$21.7 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$21.7 Mil mean?
Petro-king Oilfield Services (HKSE:02178) has a Research & Development of HK$21.7 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Petro-king Oilfield Services and its competitors.
Is Petro-king Oilfield Services' Research & Development too high?
Petro-king Oilfield Services' current Research & Development is HK$21.7 Mil. Overall, Petro-king Oilfield Services has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petro-king Oilfield Services' Research & Development compare to SLB and BKR?
Petro-king Oilfield Services' Research & Development of HK$21.7 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Research & Development depends on the Oil & Gas 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 Petro-king Oilfield Services and its competitors. Petro-king Oilfield Services's current Research & Development is HK$21.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petro-king Oilfield Services stock overvalued right now?
Based on GuruFocus' analysis, Petro-king Oilfield Services (HKSE:02178) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.06, compared to a current price of HK$0.17 — trading 181.7% above its estimated fair value. The current Research & Development is HK$21.7 Mil. Petro-king Oilfield Services' overall GF Score™ is 29/100 with 5 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 Petro-king Oilfield Services (HKSE:02178), the current Research & Development is HK$21.7 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 Petro-king Oilfield Services (HKSE:02178) Overvalued in 2026?

Based on GuruFocus' analysis, Petro-king Oilfield Services stock appears to be overvalued. The current stock price of HK$0.17 is trading 181.7% above its estimated GF Value™ of HK$0.06. GuruFocus considers Petro-king Oilfield Services to be Significantly Overvalued.

Key valuation signals for HKSE:02178:

  • Research & Development: HK$21.7 Mil
  • GF Value™: HK$0.06 vs. price of HK$0.17 (181.7% above fair value)
  • GF Score™: 29/100 with 5 warning signs

No single metric tells the full story. See the HKSE:02178 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Petro-king Oilfield Services Business Description

Industry EnergyOil & Gas
Address No. 3 Haide Road, Tiley Central Plaza, Room 705-710, 7th Floor, Tower A, Nanshan District, Guangdong, Shenzhen, CHN, 518054
Petro-king Oilfield Services Ltd provides oilfield and gas field technology services covering various stages in the life cycle of oilfields and gas fields including production enhancement, drilling, consultancy and integrated project management with auxiliary activities in the trading of oilfield and gas field related products. It has two reportable segments namely Oilfield project tools and services; and Consultancy services. Oilfield project tools and services include drilling work, production enhancement work, and well-completion work. It generates majority of its revenue from the Oilfield project tools and services segment. Geographically, the company operates in the People's Republic of China (PRC), the Middle East, and other countries, and generates majority of its revenue from PRC.
29GF Score

Get the complete analysis for HKSE:02178

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

HK$0.17
Price
HK$0.06
GF Value