Dmall (HKSE:02586) Research & Development: HK$402 Mil (TTM As of Dec. 2025)

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HKSE:02586 Dmall Inc HKSE:02586
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What is Dmall Research & Development?

Dmall HKSE:02586 +2.43% 12 Research & Development is HK$402 Mil as of Dec. 2025. GuruFocus rates HKSE:02586 with a GF Score™ of 12/100. The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Dmall's Research & Development for the six months ended in Dec. 2025 was HK$194 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$402 Mil.

Dmall  (HKSE:02586) 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.

Dmall Research & Development Related Terms

Dmall Research & Development Historical Data

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The historical data trend for Dmall'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.

Dmall Research & Development Chart

Dmall Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
720.74 654.76 569.74 440.68 404.45

Dmall Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Research & Development Get a 7-Day Free Trial 278.70 219.11 223.38 208.06 194.17
HKSE:02586
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Dmall Inc HKSE:02586
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Dmall 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$402 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$402 Mil mean?
Dmall (HKSE:02586) has a Research & Development of HK$402 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Dmall and its competitors.
Is Dmall's Research & Development too high?
Dmall's current Research & Development is HK$402 Mil. Overall, Dmall has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Dmall's Research & Development compare to MSFT and ORCL?
Dmall's Research & Development of HK$402 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 Dmall and its competitors. Dmall's current Research & Development is HK$402 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dmall stock overvalued right now?
Dmall (HKSE:02586) has a current Research & Development of HK$402 Mil. The current Research & Development is HK$402 Mil. Dmall's overall GF Score™ is 12/100 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 Dmall (HKSE:02586), the current Research & Development is HK$402 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.

Dmall Business Description

Address No. 28, Zhongguancun Street, Floor 8, Block B, Haidian Culture and Art Building, Haidian District, Beijing, CHN
Dmall Inc is a retail digitalization solution provider in China and Asia, which offers a range of principal products and services designed to digitalize and optimize operations of the local retailers. The principal activities of the Company consist of providing an AI retail core solution and AI retail value-added services to customers, both of which fall under the Retail Core Service Cloud Solutions. The company distinguishes itself from its competitors by achieving full-spectrum coverage, incorporating industry practices, and facilitating intelligent data-driven business decision-making. The Group positions AI at the core of its strategic priorities and has reorganized its revenue structure into two core segments: AI retail core solution and AI retail value-added service.
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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$5.48
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