China Huarong Energy Co (HKSE:01101) Construction In Progress: HK$34.17 Mil (As of Jun. 2024)

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What is China Huarong Energy Co Construction In Progress?

China Huarong Energy Co HKSE:01101 Construction In Progress is HK$34.17 Mil as of Jun. 2024.

China Huarong Energy Co's quarterly construction in progress declined from Jun. 2023 (HK$33.94 Mil) to Dec. 2023 (HK$33.45 Mil) but then increased from Dec. 2023 (HK$33.45 Mil) to Jun. 2024 (HK$34.17 Mil).

China Huarong Energy Co's annual construction in progress declined from Dec. 2021 (HK$161.75 Mil) to Dec. 2022 (HK$133.71 Mil) and declined from Dec. 2022 (HK$133.71 Mil) to Dec. 2023 (HK$33.45 Mil).

China Huarong Energy Co Construction In Progress Historical Data

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The historical data trend for China Huarong Energy 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.

China Huarong Energy Co Construction In Progress Chart

China Huarong Energy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 209.94 187.52 161.75 133.71 33.45

China Huarong Energy Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 141.59 133.71 33.94 33.45 34.17

China Huarong Energy 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$34.17 Mil mean?
China Huarong Energy Co (HKSE:01101) has a Construction In Progress of HK$34.17 Mil as of Jun. 2024. Construction in Progress records the amount of construction work that is not complete. View historical data on China Huarong Energy Co and its competitors.
Is China Huarong Energy Co's Construction In Progress too high?
China Huarong Energy Co's current Construction In Progress is HK$34.17 Mil.
How does China Huarong Energy Co's Construction In Progress compare to COP and EOG?
China Huarong Energy Co's Construction In Progress of HK$34.17 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas 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 China Huarong Energy Co and its competitors. China Huarong Energy Co's current Construction In Progress is HK$34.17 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Huarong Energy Co stock overvalued right now?
China Huarong Energy Co (HKSE:01101) has a current Construction In Progress of HK$34.17 Mil. The current Construction In Progress is HK$34.17 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 China Huarong Energy Co (HKSE:01101), the current Construction In Progress is HK$34.17 Mil as of Jun. 2024. 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.

China Huarong Energy Co Business Description

Industry EnergyOil & Gas
Address 50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chaiwan, Hong Kong, HKG
China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. The company's reportable segments are; Energy exploration and production which generates revenue from sales of crude oil in Kyrgyzstan; and the Oil storage and trading segment which generates key revenue for the firm is engaged in renting its capacity in the provision of oil storage services and trading the relevant commodities in China. Geographically, the company generates a majority of its revenue from China and the rest from Kyrgyzstan.