Sanxiang Advanced Materials Co (SHSE:603663) Research & Development: ¥40 Mil (TTM As of Mar. 2026)


SHSE:603663 Sanxiang Advanced Materials Co Ltd SHSE:603663
60 GF Score
Price ¥81.54
GF Value ¥21.26
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Sanxiang Advanced Materials Co Research & Development?

Sanxiang Advanced Materials Co SHSE:603663 -4.95% 60 Research & Development is ¥40 Mil as of Mar. 2026. GuruFocus rates SHSE:603663 with a GF Score™ of 60/100 and a GF Value™ of ¥21.26 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Sanxiang Advanced Materials Co's Research & Development for the three months ended in Mar. 2026 was ¥7 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥40 Mil.

Sanxiang Advanced Materials Co  (SHSE:603663) 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.

Sanxiang Advanced Materials Co Research & Development Related Terms

Sanxiang Advanced Materials Co Research & Development Historical Data

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The historical data trend for Sanxiang Advanced Materials 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.

Sanxiang Advanced Materials Co Research & Development Chart

Sanxiang Advanced Materials 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 32.74 47.15 54.37 42.23 41.00

Sanxiang Advanced Materials 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 7.85 10.46 11.55 11.14 6.84
SHSE:603663
60GF Score
Sanxiang Advanced Materials Co Ltd SHSE:603663
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Sanxiang Advanced Materials 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 ¥40 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 ¥40 Mil mean?
Sanxiang Advanced Materials Co (SHSE:603663) has a Research & Development of ¥40 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Sanxiang Advanced Materials Co and its competitors.
Is Sanxiang Advanced Materials Co's Research & Development too high?
Sanxiang Advanced Materials Co's current Research & Development is ¥40 Mil. Overall, Sanxiang Advanced Materials Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanxiang Advanced Materials Co's Research & Development compare to LIN and SHW?
Sanxiang Advanced Materials Co's Research & Development of ¥40 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 Sanxiang Advanced Materials Co and its competitors. Sanxiang Advanced Materials Co's current Research & Development is ¥40 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanxiang Advanced Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Sanxiang Advanced Materials Co (SHSE:603663) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥21.26, compared to a current price of ¥81.54 — trading 283.5% above its estimated fair value. The current Research & Development is ¥40 Mil. Sanxiang Advanced Materials Co's overall GF Score™ is 60/100 with 8 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 Sanxiang Advanced Materials Co (SHSE:603663), the current Research & Development is ¥40 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 Sanxiang Advanced Materials Co (SHSE:603663) Overvalued in 2026?

Based on GuruFocus' analysis, Sanxiang Advanced Materials Co stock appears to be overvalued. The current stock price of ¥81.54 is trading 283.5% above its estimated GF Value™ of ¥21.26. GuruFocus considers Sanxiang Advanced Materials Co to be Significantly Overvalued.

Key valuation signals for SHSE:603663:

  • Research & Development: ¥40 Mil
  • GF Value™: ¥21.26 vs. price of ¥81.54 (283.5% above fair value)
  • GF Score™: 60/100 with 8 warning signs

No single metric tells the full story. See the SHSE:603663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sanxiang Advanced Materials Co Business Description

Address No. 292, Jiefang Street, Shouning County, Fujian Province, Ningde, CHN, 355500
Sanxiang Advanced Materials Co Ltd produces, manufactures, and sells new materials such as varieties of zirconia, magnesium, and advanced ceramics. Its products are widely used in aerospace, military, fire-resistant and wear-resistant materials, ceramic glazes, and other industries. The company's business segments include the zirconium series, magnesium series, and advanced ceramic series through which it offers products like nano zirconium oxide, zirconium oxychloride, lightweight new materials, casting new materials, magnesium aluminum alloys, and others.
60GF Score

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

¥81.54
Price
¥21.26
GF Value