Nantong Haixing Electronics Co (SHSE:603115) Research & Development: ¥173 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603115 Nantong Haixing Electronics Co Ltd SHSE:603115
75 GF Score
Price ¥69.90
GF Value ¥20.09
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nantong Haixing Electronics Co Research & Development?

Nantong Haixing Electronics Co SHSE:603115 +6.46% 75 Research & Development is ¥173 Mil as of Mar. 2026. GuruFocus rates SHSE:603115 with a GF Score™ of 75/100 and a GF Value™ of ¥20.09 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Nantong Haixing Electronics Co's Research & Development for the three months ended in Mar. 2026 was ¥41 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥173 Mil.

Nantong Haixing Electronics Co  (SHSE:603115) 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.

Nantong Haixing Electronics Co Research & Development Related Terms

Nantong Haixing Electronics Co Research & Development Historical Data

* Premium members only.

The historical data trend for Nantong Haixing Electronics 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.

Nantong Haixing Electronics Co Research & Development Chart

Nantong Haixing Electronics 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 105.37 125.36 130.26 131.55 164.04

Nantong Haixing Electronics 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 32.54 39.60 46.45 45.46 41.33
SHSE:603115
75GF Score
Nantong Haixing Electronics Co Ltd SHSE:603115
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nantong Haixing Electronics 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 ¥173 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 ¥173 Mil mean?
Nantong Haixing Electronics Co (SHSE:603115) has a Research & Development of ¥173 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Nantong Haixing Electronics Co and its competitors.
Is Nantong Haixing Electronics Co's Research & Development too high?
Nantong Haixing Electronics Co's current Research & Development is ¥173 Mil. Overall, Nantong Haixing Electronics Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nantong Haixing Electronics Co's Research & Development compare to VRT and BE?
Nantong Haixing Electronics Co's Research & Development of ¥173 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Research & Development depends on the Industrial Products 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 Nantong Haixing Electronics Co and its competitors. Nantong Haixing Electronics Co's current Research & Development is ¥173 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nantong Haixing Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Nantong Haixing Electronics Co (SHSE:603115) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥20.09, compared to a current price of ¥69.90 — trading 247.9% above its estimated fair value. The current Research & Development is ¥173 Mil. Nantong Haixing Electronics Co's overall GF Score™ is 75/100 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 Nantong Haixing Electronics Co (SHSE:603115), the current Research & Development is ¥173 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 Nantong Haixing Electronics Co (SHSE:603115) Overvalued in 2026?

Based on GuruFocus' analysis, Nantong Haixing Electronics Co stock appears to be overvalued. The current stock price of ¥69.90 is trading 247.9% above its estimated GF Value™ of ¥20.09. GuruFocus considers Nantong Haixing Electronics Co to be Significantly Overvalued.

Key valuation signals for SHSE:603115:

  • Research & Development: ¥173 Mil
  • GF Value™: ¥20.09 vs. price of ¥69.90 (247.9% above fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the SHSE:603115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nantong Haixing Electronics Co Business Description

Address No. 528, Xizhan Avenue, Pingchao Town, Tongzhou District, Jiangsu Province, Nantong, CHN, 226000
Nantong Haixing Electronics Co Ltd is engaged in the development, production and sales of electrode foils for aluminum electrolytic capacitors.
75GF Score

Get the complete analysis for SHSE:603115

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

¥69.90
Price
¥20.09
GF Value