Quectel Wireless Solutions Co (SHSE:603236) Research & Development: ¥2,108 Mil (TTM As of Mar. 2026)


SHSE:603236 Quectel Wireless Solutions Co Ltd SHSE:603236
88 GF Score
Price ¥53.08
GF Value ¥67.32
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Quectel Wireless Solutions Co Research & Development?

Quectel Wireless Solutions Co SHSE:603236 +3.73% 88 Research & Development is ¥2,108 Mil as of Mar. 2026. GuruFocus rates SHSE:603236 with a GF Score™ of 88/100 and a GF Value™ of ¥67.32 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Quectel Wireless Solutions Co's Research & Development for the three months ended in Mar. 2026 was ¥586 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2,108 Mil.

Quectel Wireless Solutions Co  (SHSE:603236) 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.

Quectel Wireless Solutions Co Research & Development Related Terms

Quectel Wireless Solutions Co Research & Development Historical Data

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The historical data trend for Quectel Wireless Solutions 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.

Quectel Wireless Solutions Co Research & Development Chart

Quectel Wireless Solutions 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 1,022.03 1,334.71 1,604.18 1,668.60 1,951.39

Quectel Wireless Solutions 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 429.29 452.41 511.85 557.84 585.70
SHSE:603236
88GF Score
Quectel Wireless Solutions Co Ltd SHSE:603236
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Quectel Wireless Solutions 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 ¥2,108 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 ¥2,108 Mil mean?
Quectel Wireless Solutions Co (SHSE:603236) has a Research & Development of ¥2,108 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Quectel Wireless Solutions Co and its competitors.
Is Quectel Wireless Solutions Co's Research & Development too high?
Quectel Wireless Solutions Co's current Research & Development is ¥2,108 Mil. Overall, Quectel Wireless Solutions Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quectel Wireless Solutions Co's Research & Development compare to CSCO and CIEN?
Quectel Wireless Solutions Co's Research & Development of ¥2,108 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Research & Development depends on the Hardware 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 Quectel Wireless Solutions Co and its competitors. Quectel Wireless Solutions Co's current Research & Development is ¥2,108 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quectel Wireless Solutions Co stock overvalued right now?
Based on GuruFocus' analysis, Quectel Wireless Solutions Co (SHSE:603236) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥67.32, compared to a current price of ¥53.08 — trading 21.2% below its estimated fair value. The current Research & Development is ¥2,108 Mil. Quectel Wireless Solutions Co's overall GF Score™ is 88/100 with 2 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 Quectel Wireless Solutions Co (SHSE:603236), the current Research & Development is ¥2,108 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 Quectel Wireless Solutions Co (SHSE:603236) Overvalued in 2026?

Based on GuruFocus' analysis, Quectel Wireless Solutions Co stock appears to be undervalued. The current stock price of ¥53.08 is trading 21.2% below its estimated GF Value™ of ¥67.32. GuruFocus considers Quectel Wireless Solutions Co to be Modestly Undervalued.

Key valuation signals for SHSE:603236:

  • Research & Development: ¥2,108 Mil
  • GF Value™: ¥67.32 vs. price of ¥53.08 (21.2% below fair value)
  • GF Score™: 88/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Quectel Wireless Solutions Co Business Description

Address No.1016 Tianlin Road, Building 5, Shanghai Business Park, Minhang District, Shanghai, CHN, 200233
Quectel Wireless Solutions Co Ltd is engaged in the design, development of cellular communication modules. It primarily supplies 5G, LTE, LTE-A, LPWA, Smart Module, C-V2X, GSM/GPRS and GNSS modules.
88GF Score

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

¥53.08
Price
¥67.32
GF Value