LX Technology Group (HKSE:02436) Research & Development: HK$24 Mil (TTM As of Dec. 2025)

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HKSE:02436 LX Technology Group Ltd HKSE:02436
60 GF Score
Price HK$18.50
GF Value HK$6.67
Valuation Significantly Overvalued
! 6 Warning Signs
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What is LX Technology Group Research & Development?

LX Technology Group HKSE:02436 -2.63% 60 Research & Development is HK$24 Mil as of Dec. 2025. GuruFocus rates HKSE:02436 with a GF Score™ of 60/100 and a GF Value™ of HK$6.67 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. LX Technology Group's Research & Development for the six months ended in Dec. 2025 was HK$14 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$24 Mil.

LX Technology Group  (HKSE:02436) 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.

LX Technology Group Research & Development Related Terms

LX Technology Group Research & Development Historical Data

* Premium members only.

The historical data trend for LX Technology Group'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.

LX Technology Group Research & Development Chart

LX Technology Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 22.38 30.70 27.88 26.75 24.18

LX Technology Group Semi-Annual Data
Dec19 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 13.98 15.64 11.25 9.84 14.24
HKSE:02436
60GF Score
LX Technology Group Ltd HKSE:02436
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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LX Technology Group 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$24 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$24 Mil mean?
LX Technology Group (HKSE:02436) has a Research & Development of HK$24 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on LX Technology Group and its competitors.
Is LX Technology Group's Research & Development too high?
LX Technology Group's current Research & Development is HK$24 Mil. Overall, LX Technology Group has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LX Technology Group's Research & Development compare to SNDK and DELL?
LX Technology Group's Research & Development of HK$24 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 LX Technology Group and its competitors. LX Technology Group's current Research & Development is HK$24 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LX Technology Group stock overvalued right now?
Based on GuruFocus' analysis, LX Technology Group (HKSE:02436) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$6.67, compared to a current price of HK$18.50 — trading 177.4% above its estimated fair value. The current Research & Development is HK$24 Mil. LX Technology Group's overall GF Score™ is 60/100 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 LX Technology Group (HKSE:02436), the current Research & Development is HK$24 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 LX Technology Group (HKSE:02436) Overvalued in 2026?

Based on GuruFocus' analysis, LX Technology Group stock appears to be overvalued. The current stock price of HK$18.50 is trading 177.4% above its estimated GF Value™ of HK$6.67. GuruFocus considers LX Technology Group to be Significantly Overvalued.

Key valuation signals for HKSE:02436:

  • Research & Development: HK$24 Mil
  • GF Value™: HK$6.67 vs. price of HK$18.50 (177.4% above fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the HKSE:02436 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

LX Technology Group Business Description

Address 10 Kaifeng Road, Meilin Street, 501, 5th Floor Cuilin Building, Maling District, Futian District, Shenzhen, CHN
LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The service line of the company are the Device recycling business, Device subscription services and IT technical subscription services. from which the company earns maximum revenue from the Device recycling business.
60GF Score

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

HK$18.50
Price
HK$6.67
GF Value