Union Semiconductor (Hefei) Co (SHSE:688403) Research & Development: ¥126 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:688403 Union Semiconductor (Hefei) Co Ltd SHSE:688403
45 GF Score
Price ¥30.07
GF Value ¥11.10
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Union Semiconductor (Hefei) Co Research & Development?

Union Semiconductor (Hefei) Co SHSE:688403 -7.70% 45 Research & Development is ¥126 Mil as of Mar. 2026. GuruFocus rates SHSE:688403 with a GF Score™ of 45/100 and a GF Value™ of ¥11.10 (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. Union Semiconductor (Hefei) Co's Research & Development for the three months ended in Mar. 2026 was ¥32 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥126 Mil.

Union Semiconductor (Hefei) Co  (SHSE:688403) 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.

Union Semiconductor (Hefei) Co Research & Development Related Terms

Union Semiconductor (Hefei) Co Research & Development Historical Data

* Premium members only.

The historical data trend for Union Semiconductor (Hefei) 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.

Union Semiconductor (Hefei) Co Research & Development Chart

Union Semiconductor (Hefei) Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 60.60 65.14 78.86 89.41 117.69

Union Semiconductor (Hefei) 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 23.94 27.49 32.64 33.62 31.87
SHSE:688403
45GF Score
Union Semiconductor (Hefei) Co Ltd SHSE:688403
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Semiconductor (Hefei) 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 ¥126 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 ¥126 Mil mean?
Union Semiconductor (Hefei) Co (SHSE:688403) has a Research & Development of ¥126 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Union Semiconductor (Hefei) Co and its competitors.
Is Union Semiconductor (Hefei) Co's Research & Development too high?
Union Semiconductor (Hefei) Co's current Research & Development is ¥126 Mil. Overall, Union Semiconductor (Hefei) Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Semiconductor (Hefei) Co's Research & Development compare to NVDA and AVGO?
Union Semiconductor (Hefei) Co's Research & Development of ¥126 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 Union Semiconductor (Hefei) Co and its competitors. Union Semiconductor (Hefei) Co's current Research & Development is ¥126 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Semiconductor (Hefei) Co stock overvalued right now?
Based on GuruFocus' analysis, Union Semiconductor (Hefei) Co (SHSE:688403) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥11.10, compared to a current price of ¥30.07 — trading 170.9% above its estimated fair value. The current Research & Development is ¥126 Mil. Union Semiconductor (Hefei) Co's overall GF Score™ is 45/100 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 Union Semiconductor (Hefei) Co (SHSE:688403), the current Research & Development is ¥126 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 Union Semiconductor (Hefei) Co (SHSE:688403) Overvalued in 2026?

Based on GuruFocus' analysis, Union Semiconductor (Hefei) Co stock appears to be overvalued. The current stock price of ¥30.07 is trading 170.9% above its estimated GF Value™ of ¥11.10. GuruFocus considers Union Semiconductor (Hefei) Co to be Significantly Overvalued.

Key valuation signals for SHSE:688403:

  • Research & Development: ¥126 Mil
  • GF Value™: ¥11.10 vs. price of ¥30.07 (170.9% above fair value)
  • GF Score™: 45/100 with 10 warning signs

No single metric tells the full story. See the SHSE:688403 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Union Semiconductor (Hefei) Co Business Description

Address Hefei Comprehensive Bonded Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230012
Union Semiconductor (Hefei) Co Ltd is a high-end packaging and testing service provider for integrated circuits. It focuses on the field of display driver chips. The company's main business is the front-end gold bumping manufacturing as the core, and integrates wafer testing, back-end chip-on-glass, and chip-on-film links to form a full range of display driver chips.
45GF Score

Get the complete analysis for SHSE:688403

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

¥30.07
Price
¥11.10
GF Value