Hangzhou First Applied Material Co (SHSE:603806) Research & Development: ¥434 Mil (TTM As of Jun. 2026)

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SHSE:603806 Hangzhou First Applied Material Co Ltd SHSE:603806
87 GF Score
Price ¥15.45
GF Value ¥12.30
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Hangzhou First Applied Material Co Research & Development?

Hangzhou First Applied Material Co SHSE:603806 -0.90% 87 Research & Development is ¥434 Mil as of Jun. 2026. GuruFocus rates SHSE:603806 with a GF Score™ of 87/100 and a GF Value™ of ¥12.30 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Hangzhou First Applied Material Co's Research & Development for the three months ended in Jun. 2026 was ¥109 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 was ¥434 Mil.

Hangzhou First Applied Material Co  (SHSE:603806) 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.

Hangzhou First Applied Material Co Research & Development Related Terms

Hangzhou First Applied Material Co Research & Development Historical Data

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The historical data trend for Hangzhou First Applied Material 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.

Hangzhou First Applied Material Co Research & Development Chart

Hangzhou First Applied Material 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 453.59 644.80 792.03 657.27 467.64

Hangzhou First Applied Material Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 133.47 120.79 103.67 101.29 108.56
SHSE:603806
87GF Score
Hangzhou First Applied Material Co Ltd SHSE:603806
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Hangzhou First Applied Material 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥434 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 ¥434 Mil mean?
Hangzhou First Applied Material Co (SHSE:603806) has a Research & Development of ¥434 Mil as of Jun. 2026. Research and development expense is the total cost for research and development activities. View historical data on Hangzhou First Applied Material Co and its competitors.
Is Hangzhou First Applied Material Co's Research & Development too high?
Hangzhou First Applied Material Co's current Research & Development is ¥434 Mil. Overall, Hangzhou First Applied Material Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou First Applied Material Co's Research & Development compare to AMAT and LRCX?
Hangzhou First Applied Material Co's Research & Development of ¥434 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Research & Development depends on the Semiconductors 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 Hangzhou First Applied Material Co and its competitors. Hangzhou First Applied Material Co's current Research & Development is ¥434 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou First Applied Material Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou First Applied Material Co (SHSE:603806) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥12.30, compared to a current price of ¥15.45 — trading 25.6% above its estimated fair value. The current Research & Development is ¥434 Mil. Hangzhou First Applied Material Co's overall GF Score™ is 87/100 with 5 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 Hangzhou First Applied Material Co (SHSE:603806), the current Research & Development is ¥434 Mil as of Jun. 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 Hangzhou First Applied Material Co (SHSE:603806) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou First Applied Material Co stock appears to be overvalued. The current stock price of ¥15.45 is trading 25.6% above its estimated GF Value™ of ¥12.30. GuruFocus considers Hangzhou First Applied Material Co to be Modestly Overvalued.

Key valuation signals for SHSE:603806:

  • Research & Development: ¥434 Mil
  • GF Value™: ¥12.30 vs. price of ¥15.45 (25.6% above fair value)
  • GF Score™: 87/100 with 5 warning signs

No single metric tells the full story. See the SHSE:603806 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hangzhou First Applied Material Co Business Description

Address No. 8, Foster Street, Jinbei Street, Lin\'an District, Zhejiang Province, Hangzhou, CHN, 311300
Hangzhou First Applied Material Co Ltd is a China-based company engaged in the production of solar cell adhesive film, solar cell backplane, photosensitive dry film, flexible copper clad laminate, silicone material, hot melt adhesive film (hot melt adhesive), hot melt web film (double-sided adhesive), clothing accessories (lining cloth); sales of solar cell modules, cells, polysilicon, polymer materials, and chemical raw materials and products.
87GF Score

Get the complete analysis for SHSE:603806

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

¥15.45
Price
¥12.30
GF Value