DBAPPSecurity Co (SHSE:688023) Research & Development: ¥444 Mil (TTM As of Mar. 2026)

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SHSE:688023 DBAPPSecurity Co Ltd SHSE:688023
72 GF Score
Price ¥36.43
GF Value ¥55.76
Valuation Possible Value Trap
! 4 Warning Signs
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What is DBAPPSecurity Co Research & Development?

DBAPPSecurity Co SHSE:688023 -3.09% 72 Research & Development is ¥444 Mil as of Mar. 2026. GuruFocus rates SHSE:688023 with a GF Score™ of 72/100 and a GF Value™ of ¥55.76 (Possible Value Trap). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. DBAPPSecurity Co's Research & Development for the three months ended in Mar. 2026 was ¥102 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥444 Mil.

DBAPPSecurity Co  (SHSE:688023) 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.

DBAPPSecurity Co Research & Development Related Terms

DBAPPSecurity Co Research & Development Historical Data

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The historical data trend for DBAPPSecurity 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.

DBAPPSecurity Co Research & Development Chart

DBAPPSecurity 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 535.60 645.80 636.52 492.60 439.20

DBAPPSecurity 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 97.87 111.57 104.80 124.97 102.21
SHSE:688023
72GF Score
DBAPPSecurity Co Ltd SHSE:688023
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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DBAPPSecurity 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 ¥444 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 ¥444 Mil mean?
DBAPPSecurity Co (SHSE:688023) has a Research & Development of ¥444 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on DBAPPSecurity Co and its competitors.
Is DBAPPSecurity Co's Research & Development too high?
DBAPPSecurity Co's current Research & Development is ¥444 Mil. Overall, DBAPPSecurity Co has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DBAPPSecurity Co's Research & Development compare to MSFT and ORCL?
DBAPPSecurity Co's Research & Development of ¥444 Mil can be compared against companies in the Software 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 Software company?
A good Research & Development depends on the Software 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 DBAPPSecurity Co and its competitors. DBAPPSecurity Co's current Research & Development is ¥444 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DBAPPSecurity Co stock overvalued right now?
Based on GuruFocus' analysis, DBAPPSecurity Co (SHSE:688023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥55.76, compared to a current price of ¥36.43 — trading 34.7% below its estimated fair value. The current Research & Development is ¥444 Mil. DBAPPSecurity Co's overall GF Score™ is 72/100 with 4 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 DBAPPSecurity Co (SHSE:688023), the current Research & Development is ¥444 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 DBAPPSecurity Co (SHSE:688023) Overvalued in 2026?

Based on GuruFocus' analysis, DBAPPSecurity Co stock appears to be undervalued. The current stock price of ¥36.43 is trading 34.7% below its estimated GF Value™ of ¥55.76. GuruFocus considers DBAPPSecurity Co to be Possible Value Trap.

Key valuation signals for SHSE:688023:

  • Research & Development: ¥444 Mil
  • GF Value™: ¥55.76 vs. price of ¥36.43 (34.7% below fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the SHSE:688023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

DBAPPSecurity Co Business Description

Address No. 188, Lianhui Street, Anheng Building, Xixing Street, Binjiang District, Zhejiang, Hangzhou, CHN, 310051
DBAPPSecurity Co Ltd is engaged in the development, production and sales of network information security products and provides customers with professional network information security services. The company's products and services cover applications such as Application Security, Big data Security, Cloud Security, IoT Security, Industrial Control Security, and Industrial Internet Security.
72GF Score

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

¥36.43
Price
¥55.76
GF Value