Mingfa Group (International) Co (HKSE:00846) Construction In Progress: HK$485 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Mingfa Group (International) Co Construction In Progress?

Mingfa Group (International) Co HKSE:00846 Construction In Progress is HK$485 Mil as of Dec. 2025. The stock has 4 warning signs investors should review.

Mingfa Group (International) Co's quarterly construction in progress declined from Dec. 2024 (HK$468 Mil) to Jun. 2025 (HK$0 Mil) but then increased from Jun. 2025 (HK$0 Mil) to Dec. 2025 (HK$485 Mil).

Mingfa Group (International) Co's annual construction in progress declined from Dec. 2023 (HK$480 Mil) to Dec. 2024 (HK$468 Mil) but then increased from Dec. 2024 (HK$468 Mil) to Dec. 2025 (HK$485 Mil).

Mingfa Group (International) Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Mingfa Group (International) 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.

Mingfa Group (International) Co Construction In Progress Chart

Mingfa Group (International) 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 1,354.37 1,400.18 479.79 468.34 484.59

Mingfa Group (International) Co Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 479.79 0.00 468.34 0.00 484.59

Mingfa Group (International) 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 HK$485 Mil mean?
Mingfa Group (International) Co (HKSE:00846) has a Construction In Progress of HK$485 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Mingfa Group (International) Co and its competitors.
Is Mingfa Group (International) Co's Construction In Progress too high?
Mingfa Group (International) Co's current Construction In Progress is HK$485 Mil.
How does Mingfa Group (International) Co's Construction In Progress compare to competitors?
Mingfa Group (International) Co's Construction In Progress of HK$485 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Construction In Progress depends on the Real Estate 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 Mingfa Group (International) Co and its competitors. Mingfa Group (International) Co's current Construction In Progress is HK$485 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mingfa Group (International) Co stock overvalued right now?
Based on GuruFocus' analysis, Mingfa Group (International) Co (HKSE:00846) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.08 — trading 2.5% below its estimated fair value. The current Construction In Progress is HK$485 Mil. 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 Mingfa Group (International) Co (HKSE:00846), the current Construction In Progress is HK$485 Mil as of Dec. 2025. 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.

Mingfa Group (International) Co Business Description

Address No. 88 Pudong North Road, Jiangsu Mingfa Business Park, Pukou, Jiangsu Province, Nanjing, CHN
Mingfa Group (International) Co Ltd is an investment holding company. The principal activities of the company include property development, leasing, and hotel management. The company's operating segments include property development, hotel, property investment and management, and others. The Property Development segment is engaged in real estate development and is further subdivided into commercial and residential. The Hotel segment is engaged in hotel operations. Its Property investment and management segment invests in properties for their rental income potential and for capital appreciation, and provides management. The company generates maximum revenue from the property development segment. Geographically, it derives revenue from the PRC.