Hanma Technology Group Co (SHSE:600375) Research & Development: ¥221 Mil (TTM As of Mar. 2026)

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SHSE:600375 Hanma Technology Group Co Ltd SHSE:600375
38 GF Score
Price ¥3.81
GF Value ¥5.66
Valuation Possible Value Trap
! 4 Warning Signs
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What is Hanma Technology Group Co Research & Development?

Hanma Technology Group Co SHSE:600375 +0.53% 38 Research & Development is ¥221 Mil as of Mar. 2026. GuruFocus rates SHSE:600375 with a GF Score™ of 38/100 and a GF Value™ of ¥5.66 (Possible Value Trap). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Hanma Technology Group Co's Research & Development for the three months ended in Mar. 2026 was ¥55 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥221 Mil.

Hanma Technology Group Co  (SHSE:600375) 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.

Hanma Technology Group Co Research & Development Related Terms

Hanma Technology Group Co Research & Development Historical Data

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The historical data trend for Hanma Technology 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.

Hanma Technology Group Co Research & Development Chart

Hanma Technology 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 206.24 145.02 166.60 161.21 202.96

Hanma Technology 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 36.50 35.61 45.94 84.91 54.71
SHSE:600375
38GF Score
Hanma Technology Group Co Ltd SHSE:600375
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Hanma Technology 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 ¥221 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 ¥221 Mil mean?
Hanma Technology Group Co (SHSE:600375) has a Research & Development of ¥221 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Hanma Technology Group Co and its competitors.
Is Hanma Technology Group Co's Research & Development too high?
Hanma Technology Group Co's current Research & Development is ¥221 Mil. Overall, Hanma Technology Group Co has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hanma Technology Group Co's Research & Development compare to CAT and DE?
Hanma Technology Group Co's Research & Development of ¥221 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Research & Development depends on the Farm & Heavy Construction Machinery 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 Hanma Technology Group Co and its competitors. Hanma Technology Group Co's current Research & Development is ¥221 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanma Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Hanma Technology Group Co (SHSE:600375) is currently considered Possible Value Trap. The stock's GF Value™ is ¥5.66, compared to a current price of ¥3.81 — trading 32.7% below its estimated fair value. The current Research & Development is ¥221 Mil. Hanma Technology Group Co's overall GF Score™ is 38/100 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 Hanma Technology Group Co (SHSE:600375), the current Research & Development is ¥221 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 Hanma Technology Group Co (SHSE:600375) Overvalued in 2026?

Based on GuruFocus' analysis, Hanma Technology Group Co stock appears to be undervalued. The current stock price of ¥3.81 is trading 32.7% below its estimated GF Value™ of ¥5.66. GuruFocus considers Hanma Technology Group Co to be Possible Value Trap.

Key valuation signals for SHSE:600375:

  • Research & Development: ¥221 Mil
  • GF Value™: ¥5.66 vs. price of ¥3.81 (32.7% below fair value)
  • GF Score™: 38/100 with 4 warning signs

No single metric tells the full story. See the SHSE:600375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hanma Technology Group Co Business Description

Address Economic and Technological Development Zone, Anhui Province, Maanshan, CHN, 243061
Hanma Technology Group Co Ltd, formerly Hualing Xingma Automobile (Group) Co Ltd operates in the automotive industry. The company is engaged in the production and sales of special-purpose vehicles and auto parts such as multi-series bulk cement trucks, concrete mixer trucks and concrete pump trucks.
38GF Score

Get the complete analysis for SHSE:600375

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

¥3.81
Price
¥5.66
GF Value