JF SmartInvest Holdings (HKSE:09636) Research & Development: HK$424 Mil (TTM As of Dec. 2025)

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HKSE:09636 JF SmartInvest Holdings Ltd HKSE:09636
94 GF Score
Price HK$27.32
GF Value HK$30.35
Valuation Fairly Valued
! 4 Warning Signs
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What is JF SmartInvest Holdings Research & Development?

JF SmartInvest Holdings HKSE:09636 -1.16% 94 Research & Development is HK$424 Mil as of Dec. 2025. GuruFocus rates HKSE:09636 with a GF Score™ of 94/100 and a GF Value™ of HK$30.35 (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. JF SmartInvest Holdings's Research & Development for the six months ended in Dec. 2025 was HK$229 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$424 Mil.

JF SmartInvest Holdings  (HKSE:09636) 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.

JF SmartInvest Holdings Research & Development Related Terms

JF SmartInvest Holdings Research & Development Historical Data

* Premium members only.

The historical data trend for JF SmartInvest 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.

JF SmartInvest Holdings Research & Development Chart

JF SmartInvest Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 234.00 266.91 317.60 345.63 386.10

JF SmartInvest Holdings Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Research & Development Get a 7-Day Free Trial Premium Member Only 167.42 178.22 157.85 228.88 190.44
HKSE:09636
94GF Score
JF SmartInvest Holdings Ltd HKSE:09636
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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JF SmartInvest 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$424 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$424 Mil mean?
JF SmartInvest Holdings (HKSE:09636) has a Research & Development of HK$424 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on JF SmartInvest Holdings and its competitors.
Is JF SmartInvest Holdings' Research & Development too high?
JF SmartInvest Holdings' current Research & Development is HK$424 Mil. Overall, JF SmartInvest Holdings has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JF SmartInvest Holdings' Research & Development compare to EDU and TAL?
JF SmartInvest Holdings' Research & Development of HK$424 Mil can be compared against companies in the Education 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 Education company?
A good Research & Development depends on the Education 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 JF SmartInvest Holdings and its competitors. JF SmartInvest Holdings's current Research & Development is HK$424 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JF SmartInvest Holdings stock overvalued right now?
Based on GuruFocus' analysis, JF SmartInvest Holdings (HKSE:09636) is currently considered Fairly Valued. The stock's GF Value™ is HK$30.35, compared to a current price of HK$27.32 — trading 10% below its estimated fair value. The current Research & Development is HK$424 Mil. JF SmartInvest Holdings' overall GF Score™ is 94/100 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 JF SmartInvest Holdings (HKSE:09636), the current Research & Development is HK$424 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 JF SmartInvest Holdings (HKSE:09636) Overvalued in 2026?

Based on GuruFocus' analysis, JF SmartInvest Holdings stock appears to be undervalued. The current stock price of HK$27.32 is trading 10% below its estimated GF Value™ of HK$30.35. GuruFocus considers JF SmartInvest Holdings to be Fairly Valued.

Key valuation signals for HKSE:09636:

  • Research & Development: HK$424 Mil
  • GF Value™: HK$30.35 vs. price of HK$27.32 (10% below fair value)
  • GF Score™: 94/100 with 4 warning signs

No single metric tells the full story. See the HKSE:09636 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

JF SmartInvest Holdings Business Description

Address 88 Xumin East Road, 16th Floor, Yintech Finance Center, Qingpu District, Shanghai, CHN
JF SmartInvest Holdings Ltd is a next-generation stock investing assistant that provides equity investment tools, securities investment advisory, investor education, and other services for individual investors with product offerings such as stock quote software, Stock Learning Machine, Stock Navigator Series, Super Investor, and Jiuyao Stocks (small-amount series products). It has developed JF Robo-Advisor, FinSphere Agent, FinSphere Report, and other AI products based on its AI and big data technologies, enabling the company to achieve industry leadership in inventive practice and scenario application.
94GF Score

Get the complete analysis for HKSE:09636

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

HK$27.32
Price
HK$30.35
GF Value