Advanced Micro-fabrication Equipment (SHSE:688012) Research & Development: ¥2,536 Mil (TTM As of Mar. 2026)


SHSE:688012 Advanced Micro-fabrication Equipment Inc SHSE:688012
86 GF Score
Price ¥434.51
GF Value ¥230.64
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Advanced Micro-fabrication Equipment Research & Development?

Advanced Micro-fabrication Equipment SHSE:688012 -7.86% 86 Research & Development is ¥2,536 Mil as of Mar. 2026. GuruFocus rates SHSE:688012 with a GF Score™ of 86/100 and a GF Value™ of ¥230.64 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Advanced Micro-fabrication Equipment's Research & Development for the three months ended in Mar. 2026 was ¥524 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2,536 Mil.

Advanced Micro-fabrication Equipment  (SHSE:688012) 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.

Advanced Micro-fabrication Equipment Research & Development Related Terms

Advanced Micro-fabrication Equipment Research & Development Historical Data

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The historical data trend for Advanced Micro-fabrication Equipment'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.

Advanced Micro-fabrication Equipment Research & Development Chart

Advanced Micro-fabrication Equipment 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 397.59 605.34 816.65 1,417.66 2,475.42

Advanced Micro-fabrication Equipment 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 464.35 652.02 677.72 681.33 524.48
SHSE:688012
86GF Score
Advanced Micro-fabrication Equipment Inc SHSE:688012
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Advanced Micro-fabrication Equipment 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 ¥2,536 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 ¥2,536 Mil mean?
Advanced Micro-fabrication Equipment (SHSE:688012) has a Research & Development of ¥2,536 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Advanced Micro-fabrication Equipment and its competitors.
Is Advanced Micro-fabrication Equipment's Research & Development too high?
Advanced Micro-fabrication Equipment's current Research & Development is ¥2,536 Mil. Overall, Advanced Micro-fabrication Equipment has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Micro-fabrication Equipment's Research & Development compare to AMAT and LRCX?
Advanced Micro-fabrication Equipment's Research & Development of ¥2,536 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 Advanced Micro-fabrication Equipment and its competitors. Advanced Micro-fabrication Equipment's current Research & Development is ¥2,536 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Micro-fabrication Equipment stock overvalued right now?
Based on GuruFocus' analysis, Advanced Micro-fabrication Equipment (SHSE:688012) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥230.64, compared to a current price of ¥434.51 — trading 88.4% above its estimated fair value. The current Research & Development is ¥2,536 Mil. Advanced Micro-fabrication Equipment's overall GF Score™ is 86/100 with 9 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 Advanced Micro-fabrication Equipment (SHSE:688012), the current Research & Development is ¥2,536 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 Advanced Micro-fabrication Equipment (SHSE:688012) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Micro-fabrication Equipment stock appears to be overvalued. The current stock price of ¥434.51 is trading 88.4% above its estimated GF Value™ of ¥230.64. GuruFocus considers Advanced Micro-fabrication Equipment to be Significantly Overvalued.

Key valuation signals for SHSE:688012:

  • Research & Development: ¥2,536 Mil
  • GF Value™: ¥230.64 vs. price of ¥434.51 (88.4% above fair value)
  • GF Score™: 86/100 with 9 warning signs

No single metric tells the full story. See the SHSE:688012 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Advanced Micro-fabrication Equipment Business Description

Address No. 188, Taihua Road, Jinqiao Export Processing Zone (South District), Pudong New Area, Shanghai, CHN, 201201
Advanced Micro-fabrication Equipment Inc is engaged in the development, production, and sales of equipment such as plasma etching equipment, deep silicon etching equipment, and metal organic chemical vapor deposition (MOCVD) equipment for microelectronic devices such as integrated circuits and LED chips.
86GF Score

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

¥434.51
Price
¥230.64
GF Value