Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) Construction In Progress : ¥21.5 Mil (As of Mar. 2024)

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What is Xuzhou Zm-Besta Heavy Steel Structure Co Construction In Progress?

Xuzhou Zm-Besta Heavy Steel Structure Co's quarterly construction in progress declined from Sep. 2023 (¥59.8 Mil) to Dec. 2023 (¥12.5 Mil) but then increased from Dec. 2023 (¥12.5 Mil) to Mar. 2024 (¥21.5 Mil).

Xuzhou Zm-Besta Heavy Steel Structure Co's annual construction in progress increased from Dec. 2021 (¥53.5 Mil) to Dec. 2022 (¥58.8 Mil) but then declined from Dec. 2022 (¥58.8 Mil) to Dec. 2023 (¥12.5 Mil).

Xuzhou Zm-Besta Heavy Steel Structure Co Construction In Progress Historical Data

The historical data trend for Xuzhou Zm-Besta Heavy Steel Structure 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.

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Xuzhou Zm-Besta Heavy Steel Structure Co Construction In Progress Chart

Xuzhou Zm-Besta Heavy Steel Structure Co Annual Data

Trend

Dec14

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Dec23

Construction In Progress

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0.39

16.13

53.47

58.76

12.45

Xuzhou Zm-Besta Heavy Steel Structure Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	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															56.53	58.88	59.76	12.45	21.50

Xuzhou Zm-Besta Heavy Steel Structure 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.

Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Xuzhou Zm-Besta Heavy Steel Structure Co Ltd (BJSE:835857) » Definitions » Construction In Progress

Traded in Other Exchanges

N/A

Address

North of Huanghe Road and west of Beizong 1st Road, In the Third Industrial Park, Tongshan New District, Jiangsu Province, Xuzhou City, CHN, 221116

Website

http://www.zmbesta.com

Xuzhou Zm-Besta Heavy Steel Structure Co Ltd engages in the manufacture and processing of steel structure products such as heavy steel structures, light steel structures, steel grid frames, steel trusses, non-standard equipment, PC components, and lightweight high-strength new interior and exterior wall panels for prefabricated steel structure buildings, and provide customers with integrated solutions for industrial steel structure buildings and prefabricated steel structure.

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