Red Avenue New Materials Group Co (SHSE:603650) Research & Development: ¥232 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:603650 Red Avenue New Materials Group Co Ltd SHSE:603650
73 GF Score
Price ¥64.88
GF Value ¥39.94
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Red Avenue New Materials Group Co Research & Development?

Red Avenue New Materials Group Co SHSE:603650 +0.39% 73 Research & Development is ¥232 Mil as of Mar. 2026. GuruFocus rates SHSE:603650 with a GF Score™ of 73/100 and a GF Value™ of ¥39.94 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Red Avenue New Materials 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 ¥232 Mil.

Red Avenue New Materials Group Co  (SHSE:603650) 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.

Red Avenue New Materials Group Co Research & Development Related Terms

Red Avenue New Materials Group Co Research & Development Historical Data

* Premium members only.

The historical data trend for Red Avenue New Materials 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.

Red Avenue New Materials Group Co Research & Development Chart

Red Avenue New Materials 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 146.54 158.15 179.78 216.57 232.51

Red Avenue New Materials 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 54.82 62.60 59.97 55.12 54.66
SHSE:603650
73GF Score
Red Avenue New Materials Group Co Ltd SHSE:603650
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Red Avenue New Materials 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 ¥232 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 ¥232 Mil mean?
Red Avenue New Materials Group Co (SHSE:603650) has a Research & Development of ¥232 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Red Avenue New Materials Group Co and its competitors.
Is Red Avenue New Materials Group Co's Research & Development too high?
Red Avenue New Materials Group Co's current Research & Development is ¥232 Mil. Overall, Red Avenue New Materials Group Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Red Avenue New Materials Group Co's Research & Development compare to LIN and SHW?
Red Avenue New Materials Group Co's Research & Development of ¥232 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Research & Development depends on the Chemicals 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 Red Avenue New Materials Group Co and its competitors. Red Avenue New Materials Group Co's current Research & Development is ¥232 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Red Avenue New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, Red Avenue New Materials Group Co (SHSE:603650) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥39.94, compared to a current price of ¥64.88 — trading 62.4% above its estimated fair value. The current Research & Development is ¥232 Mil. Red Avenue New Materials Group Co's overall GF Score™ is 73/100 with 7 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 Red Avenue New Materials Group Co (SHSE:603650), the current Research & Development is ¥232 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 Red Avenue New Materials Group Co (SHSE:603650) Overvalued in 2026?

Based on GuruFocus' analysis, Red Avenue New Materials Group Co stock appears to be overvalued. The current stock price of ¥64.88 is trading 62.4% above its estimated GF Value™ of ¥39.94. GuruFocus considers Red Avenue New Materials Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:603650:

  • Research & Development: ¥232 Mil
  • GF Value™: ¥39.94 vs. price of ¥64.88 (62.4% above fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the SHSE:603650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Red Avenue New Materials Group Co Business Description

Address No.33 Shiqiao Road Garden, Room 901, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 200120
Red Avenue New Materials Group Co Ltd is a China-based company engages in the manufacture and sale of chemical products. The company produces rubber and plastic chemical additives and other products. The products manufactured by the company include polyethylene glycol, silica, alkylphenol disulfides, and cobalt neodecanoate. Its main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins.
73GF Score

Get the complete analysis for SHSE:603650

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

¥64.88
Price
¥39.94
GF Value