Hwatsing Technology Co (SHSE:688120) Research & Development: ¥568 Mil (TTM As of Mar. 2026)


SHSE:688120 Hwatsing Technology Co Ltd SHSE:688120
75 GF Score
Price ¥281.00
GF Value ¥140.08
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hwatsing Technology Co Research & Development?

Hwatsing Technology Co SHSE:688120 -14.85% 75 Research & Development is ¥568 Mil as of Mar. 2026. GuruFocus rates SHSE:688120 with a GF Score™ of 75/100 and a GF Value™ of ¥140.08 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Hwatsing Technology Co's Research & Development for the three months ended in Mar. 2026 was ¥140 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥568 Mil.

Hwatsing Technology Co  (SHSE:688120) 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.

Hwatsing Technology Co Research & Development Related Terms

Hwatsing Technology Co Research & Development Historical Data

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The historical data trend for Hwatsing 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.

Hwatsing Technology Co Research & Development Chart

Hwatsing Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only 114.07 216.59 303.94 382.22 537.50

Hwatsing 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 109.44 134.79 132.07 161.20 140.29
SHSE:688120
75GF Score
Hwatsing Technology Co Ltd SHSE:688120
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Hwatsing 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 ¥568 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 ¥568 Mil mean?
Hwatsing Technology Co (SHSE:688120) has a Research & Development of ¥568 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Hwatsing Technology Co and its competitors.
Is Hwatsing Technology Co's Research & Development too high?
Hwatsing Technology Co's current Research & Development is ¥568 Mil. Overall, Hwatsing Technology Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hwatsing Technology Co's Research & Development compare to AMAT and LRCX?
Hwatsing Technology Co's Research & Development of ¥568 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 Hwatsing Technology Co and its competitors. Hwatsing Technology Co's current Research & Development is ¥568 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwatsing Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Hwatsing Technology Co (SHSE:688120) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥140.08, compared to a current price of ¥281.00 — trading 100.6% above its estimated fair value. The current Research & Development is ¥568 Mil. Hwatsing Technology Co's overall GF Score™ is 75/100 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 Hwatsing Technology Co (SHSE:688120), the current Research & Development is ¥568 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 Hwatsing Technology Co (SHSE:688120) Overvalued in 2026?

Based on GuruFocus' analysis, Hwatsing Technology Co stock appears to be overvalued. The current stock price of ¥281.00 is trading 100.6% above its estimated GF Value™ of ¥140.08. GuruFocus considers Hwatsing Technology Co to be Significantly Overvalued.

Key valuation signals for SHSE:688120:

  • Research & Development: ¥568 Mil
  • GF Value™: ¥140.08 vs. price of ¥281.00 (100.6% above fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the SHSE:688120 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hwatsing Technology Co Business Description

Address No. 11, Juxing Road, Xianshuigu Town, Jinnan District, Tianjin, CHN, 300350
Hwatsing Technology Co Ltd is engaged in research and development, production, sales, and technical services of semiconductor special equipment.
75GF Score

Get the complete analysis for SHSE:688120

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

¥281.00
Price
¥140.08
GF Value