Hillstone Networks Co (SHSE:688030) Research & Development: ¥325.7 Mil (TTM As of Mar. 2026)

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SHSE:688030 Hillstone Networks Co Ltd SHSE:688030
60 GF Score
Price ¥14.36
GF Value ¥21.97
Valuation Possible Value Trap
! 7 Warning Signs
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What is Hillstone Networks Co Research & Development?

Hillstone Networks Co SHSE:688030 -1.17% 60 Research & Development is ¥325.7 Mil as of Mar. 2026. GuruFocus rates SHSE:688030 with a GF Score™ of 60/100 and a GF Value™ of ¥21.97 (Possible Value Trap). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Hillstone Networks Co's Research & Development for the three months ended in Mar. 2026 was ¥72.9 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥325.7 Mil.

Hillstone Networks Co  (SHSE:688030) 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.

Hillstone Networks Co Research & Development Related Terms

Hillstone Networks Co Research & Development Historical Data

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The historical data trend for Hillstone Networks 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.

Hillstone Networks Co Research & Development Chart

Hillstone Networks 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 299.25 339.34 343.49 359.76 340.49

Hillstone Networks 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 87.66 80.72 86.01 86.10 72.88
SHSE:688030
60GF Score
Hillstone Networks Co Ltd SHSE:688030
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Hillstone Networks 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 ¥325.7 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 ¥325.7 Mil mean?
Hillstone Networks Co (SHSE:688030) has a Research & Development of ¥325.7 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Hillstone Networks Co and its competitors.
Is Hillstone Networks Co's Research & Development too high?
Hillstone Networks Co's current Research & Development is ¥325.7 Mil. Overall, Hillstone Networks Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hillstone Networks Co's Research & Development compare to MSFT and ORCL?
Hillstone Networks Co's Research & Development of ¥325.7 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 Hillstone Networks Co and its competitors. Hillstone Networks Co's current Research & Development is ¥325.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hillstone Networks Co stock overvalued right now?
Based on GuruFocus' analysis, Hillstone Networks Co (SHSE:688030) is currently considered Possible Value Trap. The stock's GF Value™ is ¥21.97, compared to a current price of ¥14.36 — trading 34.6% below its estimated fair value. The current Research & Development is ¥325.7 Mil. Hillstone Networks Co's overall GF Score™ is 60/100 with 7 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 Hillstone Networks Co (SHSE:688030), the current Research & Development is ¥325.7 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 Hillstone Networks Co (SHSE:688030) Overvalued in 2026?

Based on GuruFocus' analysis, Hillstone Networks Co stock appears to be undervalued. The current stock price of ¥14.36 is trading 34.6% below its estimated GF Value™ of ¥21.97. GuruFocus considers Hillstone Networks Co to be Possible Value Trap.

Key valuation signals for SHSE:688030:

  • Research & Development: ¥325.7 Mil
  • GF Value™: ¥21.97 vs. price of ¥14.36 (34.6% below fair value)
  • GF Score™: 60/100 with 7 warning signs

No single metric tells the full story. See the SHSE:688030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hillstone Networks Co Business Description

Address No. 181, Jingrun Road, High-tech Zone, Jiangsu Province, Suzhou, CHN, 215153
Hillstone Networks Co Ltd is a provider of enterprise network security and risk management solutions. Its customers include financial and educational institutions, government and service providers. The company offers visibility, intelligence and protection to ensure enterprises can comprehensively see, thoroughly understand and rapidly act against cyber-threats.
60GF Score

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

¥14.36
Price
¥21.97
GF Value