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ZTE (SZSE:000063) Construction In Progress : ¥1,046 Mil (As of Mar. 2024)


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What is ZTE Construction In Progress?

ZTE's quarterly construction in progress declined from Sep. 2023 (¥1,006 Mil) to Dec. 2023 (¥988 Mil) but then increased from Dec. 2023 (¥988 Mil) to Mar. 2024 (¥1,046 Mil).

ZTE's annual construction in progress declined from Dec. 2021 (¥1,373 Mil) to Dec. 2022 (¥964 Mil) but then increased from Dec. 2022 (¥964 Mil) to Dec. 2023 (¥988 Mil).

ZTE Construction In Progress Historical Data

The historical data trend for ZTE'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.

ZTE Construction In Progress Chart

ZTE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,171.72 1,039.90 1,372.87 964.00 987.80

ZTE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Construction In Progress 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 1,124.63 1,210.94 1,006.20 987.80 1,046.07

ZTE 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.

ZTE (SZSE:000063) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ZTE Corp (SZSE:000063) » Definitions » Construction In Progress
Comparable Companies
SHSE:688036 SZSE:300394 SZSE:300502 SZSE:300628 SHSE:600745 SHSE:600487 SZSE:002465 SZSE:000733 SZSE:300454 SHSE:600498 CSCO SHSE:601138 MSI HPE OHEL:NOKIA OSTO:ERIC B ZBRA JNPR TPE:2345 CIEN
Traded in Other Exchanges
ZTCOF:USA 00763:Hong Kong FZM:Germany
Address
ZTE Plaza, Keji Road South, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Website
https://www.zte.com.cn
ZTE Corp offers a suite of telecommunications and information technology equipment to carriers, businesses, and the public sector. The firm's product portfolio covers wireless networks, core networks, fixed access, terminals, and other telecom verticals. ZTE generates a majority of its revenue from equipment supporting carriers' networks, but also provides handset terminals and telecom software systems. PRC region accounts for a majority of the firm's revenue, but ZTE also has a presence in Asia, Africa, Europe and the Americas.

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