Sokan New Materials Group Co (SHSE:688157) Research & Development: ¥113.5 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:688157 Sokan New Materials Group Co Ltd SHSE:688157
72 GF Score
Price ¥17.58
GF Value ¥34.67
Valuation Possible Value Trap
! 10 Warning Signs
View Full Analysis

What is Sokan New Materials Group Co Research & Development?

Sokan New Materials Group Co SHSE:688157 +6.93% 72 Research & Development is ¥113.5 Mil as of Mar. 2026. GuruFocus rates SHSE:688157 with a GF Score™ of 72/100 and a GF Value™ of ¥34.67 (Possible Value Trap). The stock has 10 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Sokan New Materials Group Co's Research & Development for the three months ended in Mar. 2026 was ¥25.6 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥113.5 Mil.

Sokan New Materials Group Co  (SHSE:688157) 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.

Sokan New Materials Group Co Research & Development Related Terms

Sokan New Materials Group Co Research & Development Historical Data

* Premium members only.

The historical data trend for Sokan New Materials Group 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.

Sokan New Materials Group Co Research & Development Chart

Sokan New Materials Group 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 58.75 74.52 90.29 105.45 112.52

Sokan New Materials Group 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 24.70 26.22 31.14 30.46 25.64
SHSE:688157
72GF Score
Sokan New Materials Group Co Ltd SHSE:688157
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sokan New Materials Group 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 ¥113.5 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 ¥113.5 Mil mean?
Sokan New Materials Group Co (SHSE:688157) has a Research & Development of ¥113.5 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Sokan New Materials Group Co and its competitors.
Is Sokan New Materials Group Co's Research & Development too high?
Sokan New Materials Group Co's current Research & Development is ¥113.5 Mil. Overall, Sokan New Materials Group 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 Sokan New Materials Group Co's Research & Development compare to LIN and SHW?
Sokan New Materials Group Co's Research & Development of ¥113.5 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Research & Development depends on the Chemicals 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 Sokan New Materials Group Co and its competitors. Sokan New Materials Group Co's current Research & Development is ¥113.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sokan New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, Sokan New Materials Group Co (SHSE:688157) is currently considered Possible Value Trap. The stock's GF Value™ is ¥34.67, compared to a current price of ¥17.58 — trading 49.3% below its estimated fair value. The current Research & Development is ¥113.5 Mil. Sokan New Materials Group Co's overall GF Score™ is 72/100 with 10 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 Sokan New Materials Group Co (SHSE:688157), the current Research & Development is ¥113.5 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 Sokan New Materials Group Co (SHSE:688157) Overvalued in 2026?

Based on GuruFocus' analysis, Sokan New Materials Group Co stock appears to be undervalued. The current stock price of ¥17.58 is trading 49.3% below its estimated GF Value™ of ¥34.67. GuruFocus considers Sokan New Materials Group Co to be Possible Value Trap.

Key valuation signals for SHSE:688157:

  • Research & Development: ¥113.5 Mil
  • GF Value™: ¥34.67 vs. price of ¥17.58 (49.3% below fair value)
  • GF Score™: 72/100 with 10 warning signs

No single metric tells the full story. See the SHSE:688157 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sokan New Materials Group Co Business Description

Address No.777, Sanhuan North Road, Ningxiang Economic and Technological Development Zone, Hunan Province, Ningxiang, CHN, 410600
Sokan New Materials Group Co Ltd is engaged in the production and sales of new functional coating materials such as paints and special inks. It provides services to market segments such as mobile phones and related accessories, notebook computers and related accessories, wearable devices, and smart home appliances, passenger cars.
72GF Score

Get the complete analysis for SHSE:688157

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

¥17.58
Price
¥34.67
GF Value