China Resources Gas Group (China Resources Gas Group) Construction In Progress : $491 Mil (As of Dec. 2023)

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What is China Resources Gas Group Construction In Progress?

China Resources Gas Group's quarterly construction in progress declined from Dec. 2022 ($529 Mil) to Jun. 2023 ($35 Mil) but then increased from Jun. 2023 ($35 Mil) to Dec. 2023 ($491 Mil).

China Resources Gas Group's annual construction in progress declined from Dec. 2021 ($560 Mil) to Dec. 2022 ($529 Mil) and declined from Dec. 2022 ($529 Mil) to Dec. 2023 ($491 Mil).

China Resources Gas Group Construction In Progress Historical Data

The historical data trend for China Resources Gas Group'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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China Resources Gas Group Construction In Progress Chart

China Resources Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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325.30

472.62

560.30

528.83

491.11

China Resources Gas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															560.30	-	528.83	35.33	491.11

China Resources Gas Group 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.

China Resources Gas Group (China Resources Gas Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (OTCPK:CRGGF) » Definitions » Construction In Progress

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Traded in Other Exchanges

01193:Hong Kong LGX1:Germany

Address

26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2022, CRG's portfolio comprised 273 city gas projects in China. The firm achieved annual gas sales volume of 35.9 billion cubic meters and has connected 53.9 million residential customers, or a penetration rate of 58.2%.

China Resources Gas Group (China Resources Gas Group) Headlines

From GuruFocus

Value Partners Classic Fund Comments on China Resources Gas Group Ltd

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