Shimao Services Holdings (HKSE:00873) Construction In Progress: HK$116 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.

HKSE:00873 Shimao Services Holdings Ltd HKSE:00873
63 GF Score
Price HK$0.44
GF Value HK$0.86
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Shimao Services Holdings Construction In Progress?

Shimao Services Holdings HKSE:00873 -3.33% 63 Construction In Progress is HK$116 Mil as of Dec. 2025. GuruFocus rates HKSE:00873 with a GF Score™ of 63/100 and a GF Value™ of HK$0.86 (Possible Value Trap). The stock has 5 warning signs investors should review.

Shimao Services Holdings's quarterly construction in progress declined from Dec. 2024 (HK$111 Mil) to Jun. 2025 (HK$19 Mil) but then increased from Jun. 2025 (HK$19 Mil) to Dec. 2025 (HK$116 Mil).

Shimao Services Holdings's annual construction in progress declined from Dec. 2023 (HK$137 Mil) to Dec. 2024 (HK$111 Mil) but then increased from Dec. 2024 (HK$111 Mil) to Dec. 2025 (HK$116 Mil).


Shimao Services Holdings Construction In Progress Historical Data

* Premium members only.

The historical data trend for Shimao Services Holdings'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.

Shimao Services Holdings Construction In Progress Chart

Shimao Services Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only 119.96 138.64 136.60 110.99 116.34

Shimao Services Holdings Semi-Annual Data
Dec17 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 136.60 0.00 110.99 19.10 116.34
HKSE:00873
63GF Score
Shimao Services Holdings Ltd HKSE:00873
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shimao Services Holdings 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$116 Mil mean?
Shimao Services Holdings (HKSE:00873) has a Construction In Progress of HK$116 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Shimao Services Holdings and its competitors.
Is Shimao Services Holdings' Construction In Progress too high?
Shimao Services Holdings' current Construction In Progress is HK$116 Mil. Overall, Shimao Services Holdings has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shimao Services Holdings' Construction In Progress compare to CBRE and BEKE?
Shimao Services Holdings' Construction In Progress of HK$116 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 Shimao Services Holdings and its competitors. Shimao Services Holdings's current Construction In Progress is HK$116 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimao Services Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shimao Services Holdings (HKSE:00873) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.86, compared to a current price of HK$0.44 — trading 49.4% below its estimated fair value. The current Construction In Progress is HK$116 Mil. Shimao Services Holdings' overall GF Score™ is 63/100 with 5 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 Shimao Services Holdings (HKSE:00873), the current Construction In Progress is HK$116 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.

Is Shimao Services Holdings (HKSE:00873) Overvalued in 2026?

Based on GuruFocus' analysis, Shimao Services Holdings stock appears to be undervalued. The current stock price of HK$0.44 is trading 49.4% below its estimated GF Value™ of HK$0.86. GuruFocus considers Shimao Services Holdings to be Possible Value Trap.

Key valuation signals for HKSE:00873:

  • Construction In Progress: HK$116 Mil
  • GF Value™: HK$0.86 vs. price of HK$0.44 (49.4% below fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the HKSE:00873 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shimao Services Holdings Business Description

Other Exchanges 5GO:Germany
Address No. 55, West Weifang Road, 26th Floor, Shanghai Shimao Tower, Shanghai, CHN, 200120
Shimao Services Holdings Ltd is engaged in the provision of property management services, community value-added services, value-added services to non-property owners, and city services in the People's Republic of China (the PRC). Its segments include Property management and related services, which include property management services, community value-added services, and value-added services to non-property owners; and City services, which include sanitation, cleaning, sewage, and waste treatment business. It derives the majority of revenue from the Property management and related services segment from the PRC.
63GF Score

Get the complete analysis for HKSE:00873

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

HK$0.44
Price
HK$0.86
GF Value