Shandong Molong Petroleum Machinery Co (HKSE:00568) Construction In Progress : HK$0 Mil (As of Dec. 2024)

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What is Shandong Molong Petroleum Machinery Co Construction In Progress?

Shandong Molong Petroleum Machinery Co's quarterly construction in progress declined from Jun. 2024 (HK$2 Mil) to Sep. 2024 (HK$0 Mil) and declined from Sep. 2024 (HK$0 Mil) to Dec. 2024 (HK$0 Mil).

Shandong Molong Petroleum Machinery Co's annual construction in progress increased from Dec. 2022 (HK$0 Mil) to Dec. 2023 (HK$2 Mil) but then declined from Dec. 2023 (HK$2 Mil) to Dec. 2024 (HK$0 Mil).

Shandong Molong Petroleum Machinery Co Construction In Progress Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Construction In Progress Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec15

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Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Construction In Progress

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9.03

12.28

0.33

2.40

Shandong Molong Petroleum Machinery Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Construction In Progress	Get a 7-Day Free Trial															2.40	2.38	2.36	0.33	-

Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (HKSE:00568) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

PXI:Germany PXI:Germany 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

https://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service, and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and critical components and castings, and forgings products. The company's reporting segments are Pipe products, which generate maximum revenue, three kinds of pumping units, Petroleum machinery parts, Castings and forgings, and Others.

Executives

Shan Dong Zhi Meng Kong Gu You Xian Gong Si	2401 A concert party to an agreement to buy shares
Shou Guang Shi Pan Jin Zhi Ye You Xian Gong Si	2401 A concert party to an agreement to buy shares

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