Guangdong Songfa Ceramics Co (SHSE:603268) Research & Development: ¥212 Mil (TTM As of Mar. 2026)


SHSE:603268 Guangdong Songfa Ceramics Co Ltd SHSE:603268
69 GF Score
Price ¥143.04
GF Value ¥227.78
Valuation Possible Value Trap
! 11 Warning Signs
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What is Guangdong Songfa Ceramics Co Research & Development?

Guangdong Songfa Ceramics Co SHSE:603268 -2.44% 69 Research & Development is ¥212 Mil as of Mar. 2026. GuruFocus rates SHSE:603268 with a GF Score™ of 69/100 and a GF Value™ of ¥227.78 (Possible Value Trap). The stock has 11 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Guangdong Songfa Ceramics Co's Research & Development for the three months ended in Mar. 2026 was ¥52 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥212 Mil.

Guangdong Songfa Ceramics Co  (SHSE:603268) 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.

Guangdong Songfa Ceramics Co Research & Development Related Terms

Guangdong Songfa Ceramics Co Research & Development Historical Data

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The historical data trend for Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co Research & Development Chart

Guangdong Songfa Ceramics 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 19.90 7.91 6.70 62.20 166.23

Guangdong Songfa Ceramics 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 6.15 42.52 58.57 58.98 52.37
SHSE:603268
69GF Score
Guangdong Songfa Ceramics Co Ltd SHSE:603268
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Guangdong Songfa Ceramics 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 ¥212 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 ¥212 Mil mean?
Guangdong Songfa Ceramics Co (SHSE:603268) has a Research & Development of ¥212 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Guangdong Songfa Ceramics Co and its competitors.
Is Guangdong Songfa Ceramics Co's Research & Development too high?
Guangdong Songfa Ceramics Co's current Research & Development is ¥212 Mil. Overall, Guangdong Songfa Ceramics Co has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Guangdong Songfa Ceramics Co's Research & Development compare to SN and SGI?
Guangdong Songfa Ceramics Co's Research & Development of ¥212 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Research & Development depends on the Furnishings, Fixtures & Appliances 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 Guangdong Songfa Ceramics Co and its competitors. Guangdong Songfa Ceramics Co's current Research & Development is ¥212 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Songfa Ceramics Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Songfa Ceramics Co (SHSE:603268) is currently considered Possible Value Trap. The stock's GF Value™ is ¥227.78, compared to a current price of ¥143.04 — trading 37.2% below its estimated fair value. The current Research & Development is ¥212 Mil. Guangdong Songfa Ceramics Co's overall GF Score™ is 69/100 with 11 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 Guangdong Songfa Ceramics Co (SHSE:603268), the current Research & Development is ¥212 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 Guangdong Songfa Ceramics Co (SHSE:603268) Overvalued in 2026?

Based on GuruFocus' analysis, Guangdong Songfa Ceramics Co stock appears to be undervalued. The current stock price of ¥143.04 is trading 37.2% below its estimated GF Value™ of ¥227.78. GuruFocus considers Guangdong Songfa Ceramics Co to be Possible Value Trap.

Key valuation signals for SHSE:603268:

  • Research & Development: ¥212 Mil
  • GF Value™: ¥227.78 vs. price of ¥143.04 (37.2% below fair value)
  • GF Score™: 69/100 with 11 warning signs

No single metric tells the full story. See the SHSE:603268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Guangdong Songfa Ceramics Co Business Description

Address No. 20, Ruyi Road Industrial Park, Building C2-2, Fengxi District, Chaozhou, CHN, 521031
Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produces household porcelain, custom porcelain hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.
69GF Score

Get the complete analysis for SHSE:603268

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

¥143.04
Price
¥227.78
GF Value