Flat Glass Group Co (SHSE:601865) Research & Development: ¥441 Mil (TTM As of Jun. 2026)

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SHSE:601865 Flat Glass Group Co Ltd SHSE:601865
63 GF Score
Price ¥9.36
GF Value ¥14.43
Valuation Possible Value Trap
! 6 Warning Signs
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What is Flat Glass Group Co Research & Development?

Flat Glass Group Co SHSE:601865 -0.95% 63 Research & Development is ¥441 Mil as of Jun. 2026. GuruFocus rates SHSE:601865 with a GF Score™ of 63/100 and a GF Value™ of ¥14.43 (Possible Value Trap). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Flat Glass Group Co's Research & Development for the three months ended in Jun. 2026 was ¥141 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 was ¥441 Mil.

Flat Glass Group Co  (SHSE:601865) 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.

Flat Glass Group Co Research & Development Related Terms

Flat Glass Group Co Research & Development Historical Data

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The historical data trend for Flat Glass 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.

Flat Glass Group Co Research & Development Chart

Flat Glass 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 385.48 497.21 554.02 569.07 396.72

Flat Glass Group Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 70.84 99.54 100.52 99.78 141.12
SHSE:601865
63GF Score
Flat Glass Group Co Ltd SHSE:601865
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Flat Glass 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥441 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 ¥441 Mil mean?
Flat Glass Group Co (SHSE:601865) has a Research & Development of ¥441 Mil as of Jun. 2026. Research and development expense is the total cost for research and development activities. View historical data on Flat Glass Group Co and its competitors.
Is Flat Glass Group Co's Research & Development too high?
Flat Glass Group Co's current Research & Development is ¥441 Mil. Overall, Flat Glass Group Co has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Flat Glass Group Co's Research & Development compare to FSLR and NXT?
Flat Glass Group Co's Research & Development of ¥441 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Research & Development depends on the Semiconductors 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 Flat Glass Group Co and its competitors. Flat Glass Group Co's current Research & Development is ¥441 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flat Glass Group Co stock overvalued right now?
Based on GuruFocus' analysis, Flat Glass Group Co (SHSE:601865) is currently considered Possible Value Trap. The stock's GF Value™ is ¥14.43, compared to a current price of ¥9.36 — trading 35.1% below its estimated fair value. The current Research & Development is ¥441 Mil. Flat Glass Group Co's overall GF Score™ is 63/100 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 Flat Glass Group Co (SHSE:601865), the current Research & Development is ¥441 Mil as of Jun. 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 Flat Glass Group Co (SHSE:601865) Overvalued in 2026?

Based on GuruFocus' analysis, Flat Glass Group Co stock appears to be undervalued. The current stock price of ¥9.36 is trading 35.1% below its estimated GF Value™ of ¥14.43. GuruFocus considers Flat Glass Group Co to be Possible Value Trap.

Key valuation signals for SHSE:601865:

  • Research & Development: ¥441 Mil
  • GF Value™: ¥14.43 vs. price of ¥9.36 (35.1% below fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the SHSE:601865 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Flat Glass Group Co Business Description

Address No. 1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN
Flat Glass Group Co Ltd is a Chinese manufacturer of glass and glass products. Its largest business is photovoltaic glass, supplying solar module makers with cover and back glass, and it also produces float glass, architectural glass, and household glass, alongside mining of raw materials and electricity generation. Photovoltaic glass accounts for the majority of revenue, supported by the company's own quartz sandstone mines and float glass lines that feed its processing operations. Customers include solar panel manufacturers, construction and building firms, and appliance and furniture producers. The company sells primarily in the People's Republic of China, with additional revenue from other Asian countries, Europe, North America, and other regions. It generates revenue through the sale of glass products, raw materials, and electricity, with photovoltaic glass the dominant contributor to group sales.
63GF Score

Get the complete analysis for SHSE:601865

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

¥9.36
Price
¥14.43
GF Value