XTC New Energy Materials (Xiamen) Co (SHSE:688778) Research & Development: ¥592 Mil (TTM As of Mar. 2026)


SHSE:688778 XTC New Energy Materials (Xiamen) Co Ltd SHSE:688778
84 GF Score
Price ¥54.40
GF Value ¥62.28
Valuation Modestly Undervalued
! 4 Warning Signs
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What is XTC New Energy Materials (Xiamen) Co Research & Development?

XTC New Energy Materials (Xiamen) Co SHSE:688778 +4.98% 84 Research & Development is ¥592 Mil as of Mar. 2026. GuruFocus rates SHSE:688778 with a GF Score™ of 84/100 and a GF Value™ of ¥62.28 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. XTC New Energy Materials (Xiamen) Co's Research & Development for the three months ended in Mar. 2026 was ¥149 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥592 Mil.

XTC New Energy Materials (Xiamen) Co  (SHSE:688778) 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.

XTC New Energy Materials (Xiamen) Co Research & Development Related Terms

XTC New Energy Materials (Xiamen) Co Research & Development Historical Data

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The historical data trend for XTC New Energy Materials (Xiamen) 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.

XTC New Energy Materials (Xiamen) Co Research & Development Chart

XTC New Energy Materials (Xiamen) Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only 471.00 757.31 464.61 434.62 545.18

XTC New Energy Materials (Xiamen) 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 101.72 141.72 146.81 154.93 148.99
SHSE:688778
84GF Score
XTC New Energy Materials (Xiamen) Co Ltd SHSE:688778
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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XTC New Energy Materials (Xiamen) 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 ¥592 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 ¥592 Mil mean?
XTC New Energy Materials (Xiamen) Co (SHSE:688778) has a Research & Development of ¥592 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on XTC New Energy Materials (Xiamen) Co and its competitors.
Is XTC New Energy Materials (Xiamen) Co's Research & Development too high?
XTC New Energy Materials (Xiamen) Co's current Research & Development is ¥592 Mil. Overall, XTC New Energy Materials (Xiamen) Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does XTC New Energy Materials (Xiamen) Co's Research & Development compare to VRT and BE?
XTC New Energy Materials (Xiamen) Co's Research & Development of ¥592 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Research & Development depends on the Industrial Products 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 XTC New Energy Materials (Xiamen) Co and its competitors. XTC New Energy Materials (Xiamen) Co's current Research & Development is ¥592 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XTC New Energy Materials (Xiamen) Co stock overvalued right now?
Based on GuruFocus' analysis, XTC New Energy Materials (Xiamen) Co (SHSE:688778) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥62.28, compared to a current price of ¥54.40 — trading 12.7% below its estimated fair value. The current Research & Development is ¥592 Mil. XTC New Energy Materials (Xiamen) Co's overall GF Score™ is 84/100 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 XTC New Energy Materials (Xiamen) Co (SHSE:688778), the current Research & Development is ¥592 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 XTC New Energy Materials (Xiamen) Co (SHSE:688778) Overvalued in 2026?

Based on GuruFocus' analysis, XTC New Energy Materials (Xiamen) Co stock appears to be undervalued. The current stock price of ¥54.40 is trading 12.7% below its estimated GF Value™ of ¥62.28. GuruFocus considers XTC New Energy Materials (Xiamen) Co to be Modestly Undervalued.

Key valuation signals for SHSE:688778:

  • Research & Development: ¥592 Mil
  • GF Value™: ¥62.28 vs. price of ¥54.40 (12.7% below fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the SHSE:688778 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

XTC New Energy Materials (Xiamen) Co Business Description

Address One of No. 300 Kejingshe, Fujian Pilot Free Trade Zone, Xiamen, CHN, 361026
XTC New Energy Materials (Xiamen) Co Ltd is engaged in the research and development, production and sales of cathode materials for lithium-ion batteries.
84GF Score

Get the complete analysis for SHSE:688778

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

¥54.40
Price
¥62.28
GF Value