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Ningbo Orient Wires & Cables Co (SHSE:603606) Construction In Progress

: ¥197 Mil (As of Dec. 2023)
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Ningbo Orient Wires & Cables Co's quarterly construction in progress increased from Jun. 2023 (¥117 Mil) to Sep. 2023 (¥195 Mil) and increased from Sep. 2023 (¥195 Mil) to Dec. 2023 (¥197 Mil).

Ningbo Orient Wires & Cables Co's annual construction in progress declined from Dec. 2021 (¥874 Mil) to Dec. 2022 (¥66 Mil) but then increased from Dec. 2022 (¥66 Mil) to Dec. 2023 (¥197 Mil).


Ningbo Orient Wires & Cables Co Construction In Progress Historical Data

The historical data trend for Ningbo Orient Wires & Cables Co'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.

* Premium members only.

Ningbo Orient Wires & Cables Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 189.51 518.14 873.84 66.12 196.54

Ningbo Orient Wires & Cables Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Construction In Progress 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 Premium Member Only Premium Member Only Premium Member Only 66.12 165.47 117.02 194.59 196.54

Ningbo Orient Wires & Cables Co 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.


Ningbo Orient Wires & Cables Co (SHSE:603606) Business Description

Traded in Other Exchanges
N/A
Address
968 East JiangNan Road, Beilun District, Zhejiang, Ningbo, CHN
Ningbo Orient Wires & Cables Co Ltd is a China-based fiber optic cable manufacturing company. The company is a provider in design, manufacture, install, and service of land cables and subsea cables. Its products are mainly used by the energy companies and subsea service providers. Its subsea cables products include AC subsea power cables, DC subsea power cables, Subsea Equipment Umbilical, Subsea dynamic cables used in a submarine. Its power cable offerings include D.C Power Cable, LV Power Cable(1kV), MV Power Cable(6-35kV), HV Power Cable(110kV), among others.

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