Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Construction In Progress : HK$169 Mil (As of Dec. 2023)

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What is Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Construction In Progress?

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's quarterly construction in progress declined from Dec. 2022 (HK$188 Mil) to Jun. 2023 (HK$0 Mil) but then increased from Jun. 2023 (HK$0 Mil) to Dec. 2023 (HK$169 Mil).

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's annual construction in progress declined from Dec. 2021 (HK$278 Mil) to Dec. 2022 (HK$188 Mil) and declined from Dec. 2022 (HK$188 Mil) to Dec. 2023 (HK$169 Mil).

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Construction In Progress Historical Data

The historical data trend for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Construction In Progress 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.

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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Construction In Progress Chart

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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482.97

930.80

277.94

188.50

169.03

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															277.94	-	188.50	-	169.03

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd (HKSE:01938) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 3-5 Golden Dragon City, Yayun Avenue, Panyu District, Guangdong Province, Guangzhou, CHN, 511450

Website

http://www.pck.com.cn

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd operates in the steel pipe business. The group is involved in its key revenue-generating business which is to manufacture and sell welded steel pipes and the provision of related manufacturing services. The group's steel pipes are mainly used for energy transmission including oil and gas transmission pipelines, deep-sea pipelines, city gas networks, petrochemicals, mining, infrastructure construction, offshore engineering, steel structures, and water utilities industries. Further, it is also involved in the development of properties for sale; and property investment activities. The group has a business presence in Mainland China and other countries, of which maximum revenue is derived from Mainland China.

Executives

Bournam Profits Limited
Chen Chang

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Headlines

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