Tianqi Lithium Industries (SZSE:002466) Construction In Progress : ¥7,287 Mil (As of Dec. 2023)

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What is Tianqi Lithium Industries Construction In Progress?

Tianqi Lithium Industries's quarterly construction in progress increased from Jun. 2023 (¥5,319 Mil) to Sep. 2023 (¥5,930 Mil) and increased from Sep. 2023 (¥5,930 Mil) to Dec. 2023 (¥7,287 Mil).

Tianqi Lithium Industries's annual construction in progress declined from Dec. 2021 (¥6,403 Mil) to Dec. 2022 (¥3,669 Mil) but then increased from Dec. 2022 (¥3,669 Mil) to Dec. 2023 (¥7,287 Mil).

Tianqi Lithium Industries Construction In Progress Historical Data

The historical data trend for Tianqi Lithium Industries'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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Tianqi Lithium Industries Construction In Progress Chart

Tianqi Lithium Industries Annual Data

Trend

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Dec23

Construction In Progress

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6,337.83

6,810.70

6,403.36

3,668.56

7,287.17

Tianqi Lithium Industries 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	Get a 7-Day Free Trial															3,668.56	4,128.13	5,319.11	5,930.36	7,287.17

Tianqi Lithium Industries 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.

Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium Industries (SZSE:002466) Headlines

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