Tangshan Haitai New Energy Technology Co (BJSE:920985) Construction In Progress: ¥156 Mil (As of Mar. 2026)


BJSE:920985 Tangshan Haitai New Energy Technology Co Ltd BJSE:920985
49 GF Score
Price ¥4.80
GF Value ¥4.04
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Tangshan Haitai New Energy Technology Co Construction In Progress?

Tangshan Haitai New Energy Technology Co BJSE:920985 49 Construction In Progress is ¥156 Mil as of Mar. 2026. GuruFocus rates BJSE:920985 with a GF Score™ of 49/100 and a GF Value™ of ¥4.04 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Tangshan Haitai New Energy Technology Co's quarterly construction in progress declined from Sep. 2025 (¥358 Mil) to Dec. 2025 (¥157 Mil) and declined from Dec. 2025 (¥157 Mil) to Mar. 2026 (¥156 Mil).

Tangshan Haitai New Energy Technology Co's annual construction in progress increased from Dec. 2023 (¥189 Mil) to Dec. 2024 (¥352 Mil) but then declined from Dec. 2024 (¥352 Mil) to Dec. 2025 (¥157 Mil).

Tangshan Haitai New Energy Technology Co Construction In Progress Historical Data

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The historical data trend for Tangshan Haitai New Energy Technology 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.

Tangshan Haitai New Energy Technology Co Construction In Progress Chart

Tangshan Haitai New Energy Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.30 22.97 188.70 351.79 156.72

Tangshan Haitai New Energy Technology Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 357.23 349.65 357.87 156.72 156.15
BJSE:920985
49GF Score
Tangshan Haitai New Energy Technology Co Ltd BJSE:920985
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Tangshan Haitai New Energy Technology 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.

What does a Construction In Progress of ¥156 Mil mean?
Tangshan Haitai New Energy Technology Co (BJSE:920985) has a Construction In Progress of ¥156 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Tangshan Haitai New Energy Technology Co and its competitors.
Is Tangshan Haitai New Energy Technology Co's Construction In Progress too high?
Tangshan Haitai New Energy Technology Co's current Construction In Progress is ¥156 Mil. Overall, Tangshan Haitai New Energy Technology Co has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tangshan Haitai New Energy Technology Co's Construction In Progress compare to FSLR and NXT?
Tangshan Haitai New Energy Technology Co's Construction In Progress of ¥156 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Semiconductors company?
A good Construction In Progress depends on the Semiconductors industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Tangshan Haitai New Energy Technology Co and its competitors. Tangshan Haitai New Energy Technology Co's current Construction In Progress is ¥156 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tangshan Haitai New Energy Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Tangshan Haitai New Energy Technology Co (BJSE:920985) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.04, compared to a current price of ¥4.80 — trading 18.8% above its estimated fair value. The current Construction In Progress is ¥156 Mil. Tangshan Haitai New Energy Technology Co's overall GF Score™ is 49/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Tangshan Haitai New Energy Technology Co (BJSE:920985), the current Construction In Progress is ¥156 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tangshan Haitai New Energy Technology Co (BJSE:920985) Overvalued in 2026?

Based on GuruFocus' analysis, Tangshan Haitai New Energy Technology Co stock appears to be overvalued. The current stock price of ¥4.80 is trading 18.8% above its estimated GF Value™ of ¥4.04. GuruFocus considers Tangshan Haitai New Energy Technology Co to be Modestly Overvalued.

Key valuation signals for BJSE:920985:

  • Construction In Progress: ¥156 Mil
  • GF Value™: ¥4.04 vs. price of ¥4.80 (18.8% above fair value)
  • GF Score™: 49/100 with 8 warning signs

No single metric tells the full story. See the BJSE:920985 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tangshan Haitai New Energy Technology Co Business Description

Address Yutai Industrial Zone, Yutian County, Hebei Province, Tangshan City, CHN, 064100
Tangshan Haitai New Energy Technology Co Ltd engages in research and development, production, processing, and sales of crystalline silicon solar photovoltaic modules. Its products comprise electronic components, special ceramic products, solar cells, silicon wafers, and silicon ingots.
49GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥4.80
Price
¥4.04
GF Value