China Resources Microelectronics (SHSE:688396) Research & Development: ¥1,156 Mil (TTM As of Mar. 2026)


SHSE:688396 China Resources Microelectronics Ltd SHSE:688396
85 GF Score
Price ¥89.19
GF Value ¥55.88
Valuation Significantly Overvalued
! 10 Warning Signs
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What is China Resources Microelectronics Research & Development?

China Resources Microelectronics SHSE:688396 +5.28% 85 Research & Development is ¥1,156 Mil as of Mar. 2026. GuruFocus rates SHSE:688396 with a GF Score™ of 85/100 and a GF Value™ of ¥55.88 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. China Resources Microelectronics's Research & Development for the three months ended in Mar. 2026 was ¥266 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,156 Mil.

China Resources Microelectronics  (SHSE:688396) 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.

China Resources Microelectronics Research & Development Related Terms

China Resources Microelectronics Research & Development Historical Data

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The historical data trend for China Resources Microelectronics'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.

China Resources Microelectronics Research & Development Chart

China Resources Microelectronics 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 713.23 921.11 1,154.11 1,167.11 1,168.44

China Resources Microelectronics 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 278.56 269.38 303.04 317.45 265.65
SHSE:688396
85GF Score
China Resources Microelectronics Ltd SHSE:688396
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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China Resources Microelectronics 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 ¥1,156 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 ¥1,156 Mil mean?
China Resources Microelectronics (SHSE:688396) has a Research & Development of ¥1,156 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on China Resources Microelectronics and its competitors.
Is China Resources Microelectronics' Research & Development too high?
China Resources Microelectronics' current Research & Development is ¥1,156 Mil. Overall, China Resources Microelectronics has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Resources Microelectronics' Research & Development compare to NVDA and AVGO?
China Resources Microelectronics' Research & Development of ¥1,156 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 China Resources Microelectronics and its competitors. China Resources Microelectronics's current Research & Development is ¥1,156 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, China Resources Microelectronics (SHSE:688396) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥55.88, compared to a current price of ¥89.19 — trading 59.6% above its estimated fair value. The current Research & Development is ¥1,156 Mil. China Resources Microelectronics' overall GF Score™ is 85/100 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 China Resources Microelectronics (SHSE:688396), the current Research & Development is ¥1,156 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 China Resources Microelectronics (SHSE:688396) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Microelectronics stock appears to be overvalued. The current stock price of ¥89.19 is trading 59.6% above its estimated GF Value™ of ¥55.88. GuruFocus considers China Resources Microelectronics to be Significantly Overvalued.

Key valuation signals for SHSE:688396:

  • Research & Development: ¥1,156 Mil
  • GF Value™: ¥55.88 vs. price of ¥89.19 (59.6% above fair value)
  • GF Score™: 85/100 with 10 warning signs

No single metric tells the full story. See the SHSE:688396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Resources Microelectronics Business Description

Address No. 14, Liangxi Road, No. 12, Lane 299, Wenshui Road, Jiangsu Province, Wuxi City, Zhihuiyuan, Shibei District, Jing'an District, Shanghai, CHN, 214061
China Resources Microelectronics Ltd is engaged in designing, producing, and selling power semiconductors, smart sensors and smart control products, as well as providing open wafer manufacturing, packaging and testing, and other manufacturing services.
85GF Score

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

¥89.19
Price
¥55.88
GF Value