NBTM New Materials Group Co (SHSE:600114) Research & Development: ¥375 Mil (TTM As of Mar. 2026)

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SHSE:600114 NBTM New Materials Group Co Ltd SHSE:600114
89 GF Score
Price ¥27.13
GF Value ¥23.44
Valuation Modestly Overvalued
! 1 Warning Sign
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What is NBTM New Materials Group Co Research & Development?

NBTM New Materials Group Co SHSE:600114 +7.79% 89 Research & Development is ¥375 Mil as of Mar. 2026. GuruFocus rates SHSE:600114 with a GF Score™ of 89/100 and a GF Value™ of ¥23.44 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. NBTM New Materials Group Co's Research & Development for the three months ended in Mar. 2026 was ¥100 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥375 Mil.

NBTM New Materials Group Co  (SHSE:600114) 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.

NBTM New Materials Group Co Research & Development Related Terms

NBTM New Materials Group Co Research & Development Historical Data

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The historical data trend for NBTM New Materials Group Co'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.

NBTM New Materials Group Co Research & Development Chart

NBTM New Materials Group Co 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 286.09 270.88 277.55 321.74 353.84

NBTM New Materials Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 79.36 83.00 85.82 105.66 100.14
SHSE:600114
89GF Score
NBTM New Materials Group Co Ltd SHSE:600114
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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NBTM New Materials Group Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥375 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 ¥375 Mil mean?
NBTM New Materials Group Co (SHSE:600114) has a Research & Development of ¥375 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on NBTM New Materials Group Co and its competitors.
Is NBTM New Materials Group Co's Research & Development too high?
NBTM New Materials Group Co's current Research & Development is ¥375 Mil. Overall, NBTM New Materials Group Co has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NBTM New Materials Group Co's Research & Development compare to ORLY and AZO?
NBTM New Materials Group Co's Research & Development of ¥375 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Research & Development depends on the Vehicles & Parts 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 NBTM New Materials Group Co and its competitors. NBTM New Materials Group Co's current Research & Development is ¥375 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NBTM New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, NBTM New Materials Group Co (SHSE:600114) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥23.44, compared to a current price of ¥27.13 — trading 15.7% above its estimated fair value. The current Research & Development is ¥375 Mil. NBTM New Materials Group Co's overall GF Score™ is 89/100 with 1 warning sign 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 NBTM New Materials Group Co (SHSE:600114), the current Research & Development is ¥375 Mil as of Mar. 2026. 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 NBTM New Materials Group Co (SHSE:600114) Overvalued in 2026?

Based on GuruFocus' analysis, NBTM New Materials Group Co stock appears to be overvalued. The current stock price of ¥27.13 is trading 15.7% above its estimated GF Value™ of ¥23.44. GuruFocus considers NBTM New Materials Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:600114:

  • Research & Development: ¥375 Mil
  • GF Value™: ¥23.44 vs. price of ¥27.13 (15.7% above fair value)
  • GF Score™: 89/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NBTM New Materials Group Co Business Description

Address No. 8 Jingjiang Road, Jiangshan Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315191
NBTM New Materials Group Co Ltd is engaged in producing and selling powder metal structural parts and magnetic materials components in China. It provides car parts, such as car engine, auto transmission, auto chassis, and other products; new energy parts; air condition compressor and refrigerator compressor parts for home appliances; and motorcycle engines, clutches, driven gears, and other components.
89GF Score

Get the complete analysis for SHSE:600114

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

¥27.13
Price
¥23.44
GF Value