FSPG Hi-Tech Co (SZSE:000973) Research & Development: ¥159 Mil (TTM As of Mar. 2026)

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SZSE:000973 FSPG Hi-Tech Co Ltd SZSE:000973
60 GF Score
Price ¥14.43
GF Value ¥7.06
Valuation Significantly Overvalued
! 10 Warning Signs
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What is FSPG Hi-Tech Co Research & Development?

FSPG Hi-Tech Co SZSE:000973 +0.21% 60 Research & Development is ¥159 Mil as of Mar. 2026. GuruFocus rates SZSE:000973 with a GF Score™ of 60/100 and a GF Value™ of ¥7.06 (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. FSPG Hi-Tech Co's Research & Development for the three months ended in Mar. 2026 was ¥60 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥159 Mil.

FSPG Hi-Tech Co  (SZSE:000973) 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.

FSPG Hi-Tech Co Research & Development Related Terms

FSPG Hi-Tech Co Research & Development Historical Data

* Premium members only.

The historical data trend for FSPG Hi-Tech 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.

FSPG Hi-Tech Co Research & Development Chart

FSPG Hi-Tech 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 121.78 136.34 124.36 124.45 124.91

FSPG Hi-Tech 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 26.47 32.67 33.18 32.59 60.25
SZSE:000973
60GF Score
FSPG Hi-Tech Co Ltd SZSE:000973
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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FSPG Hi-Tech 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 ¥159 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 ¥159 Mil mean?
FSPG Hi-Tech Co (SZSE:000973) has a Research & Development of ¥159 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on FSPG Hi-Tech Co and its competitors.
Is FSPG Hi-Tech Co's Research & Development too high?
FSPG Hi-Tech Co's current Research & Development is ¥159 Mil. Overall, FSPG Hi-Tech Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FSPG Hi-Tech Co's Research & Development compare to DOW?
FSPG Hi-Tech Co's Research & Development of ¥159 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 FSPG Hi-Tech Co and its competitors. FSPG Hi-Tech Co's current Research & Development is ¥159 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSPG Hi-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, FSPG Hi-Tech Co (SZSE:000973) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥14.43 — trading 104.4% above its estimated fair value. The current Research & Development is ¥159 Mil. FSPG Hi-Tech Co's overall GF Score™ is 60/100 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 FSPG Hi-Tech Co (SZSE:000973), the current Research & Development is ¥159 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 FSPG Hi-Tech Co (SZSE:000973) Overvalued in 2026?

Based on GuruFocus' analysis, FSPG Hi-Tech Co stock appears to be overvalued. The current stock price of ¥14.43 is trading 104.4% above its estimated GF Value™ of ¥7.06. GuruFocus considers FSPG Hi-Tech Co to be Significantly Overvalued.

Key valuation signals for SZSE:000973:

  • Research & Development: ¥159 Mil
  • GF Value™: ¥7.06 vs. price of ¥14.43 (104.4% above fair value)
  • GF Score™: 60/100 with 10 warning signs

No single metric tells the full story. See the SZSE:000973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FSPG Hi-Tech Co Business Description

Address No. 7, Qinggong Third Road, Zhangcha Street, Building 2, Chancheng District, Foshan, CHN, 528000
FSPG Hi-Tech Co Ltd is a China-based company mainly engaged in the research and development, production, and sale of new energy, new materials, energy-saving technologies, and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw, and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing materials, such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use.
60GF Score

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

¥14.43
Price
¥7.06
GF Value