Olympic Circuit Technology Co (SHSE:603920) Research & Development: ¥244 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:603920 Olympic Circuit Technology Co Ltd SHSE:603920
89 GF Score
Price ¥31.64
GF Value ¥31.00
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Olympic Circuit Technology Co Research & Development?

Olympic Circuit Technology Co SHSE:603920 -3.24% 89 Research & Development is ¥244 Mil as of Mar. 2026. GuruFocus rates SHSE:603920 with a GF Score™ of 89/100 and a GF Value™ of ¥31.00 (Fairly Valued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Olympic Circuit Technology Co's Research & Development for the three months ended in Mar. 2026 was ¥62 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥244 Mil.

Olympic Circuit Technology Co  (SHSE:603920) 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.

Olympic Circuit Technology Co Research & Development Related Terms

Olympic Circuit Technology Co Research & Development Historical Data

* Premium members only.

The historical data trend for Olympic Circuit Technology 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.

Olympic Circuit Technology Co Research & Development Chart

Olympic Circuit Technology 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 132.99 160.16 161.89 204.15 231.38

Olympic Circuit Technology 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 49.84 54.15 56.08 71.31 62.29
SHSE:603920
89GF Score
Olympic Circuit Technology Co Ltd SHSE:603920
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Olympic Circuit Technology 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 ¥244 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 ¥244 Mil mean?
Olympic Circuit Technology Co (SHSE:603920) has a Research & Development of ¥244 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Olympic Circuit Technology Co and its competitors.
Is Olympic Circuit Technology Co's Research & Development too high?
Olympic Circuit Technology Co's current Research & Development is ¥244 Mil. Overall, Olympic Circuit Technology Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Olympic Circuit Technology Co's Research & Development compare to APH and GLW?
Olympic Circuit Technology Co's Research & Development of ¥244 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 Olympic Circuit Technology Co and its competitors. Olympic Circuit Technology Co's current Research & Development is ¥244 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Olympic Circuit Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Olympic Circuit Technology Co (SHSE:603920) is currently considered Fairly Valued. The stock's GF Value™ is ¥31.00, compared to a current price of ¥31.64 — trading 2.1% above its estimated fair value. The current Research & Development is ¥244 Mil. Olympic Circuit Technology Co's overall GF Score™ is 89/100 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 Olympic Circuit Technology Co (SHSE:603920), the current Research & Development is ¥244 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 Olympic Circuit Technology Co (SHSE:603920) Overvalued in 2026?

Based on GuruFocus' analysis, Olympic Circuit Technology Co stock appears to be overvalued. The current stock price of ¥31.64 is trading 2.1% above its estimated GF Value™ of ¥31.00. GuruFocus considers Olympic Circuit Technology Co to be Fairly Valued.

Key valuation signals for SHSE:603920:

  • Research & Development: ¥244 Mil
  • GF Value™: ¥31.00 vs. price of ¥31.64 (2.1% above fair value)
  • GF Score™: 89/100 with 5 warning signs

No single metric tells the full story. See the SHSE:603920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Olympic Circuit Technology Co Business Description

Address No. 8, Shiyun Road, Tie Gang Industrial Area, Gonghe Town, Guangdong Province, Heshan, CHN, 529728
Olympic Circuit Technology Co Ltd is a Chinese company engaged in manufacturing printed circuit boards (PCBs). The company's products include single sided to complex, multi-layer PCBs. It serves various industries including automotive, medical, computer and peripherals, industrial, data and telecommunications and consumer products.
89GF Score

Get the complete analysis for SHSE:603920

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

¥31.64
Price
¥31.00
GF Value