Prinx Chengshan Holdings (HKSE:01809) Construction In Progress: HK$378 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:01809 Prinx Chengshan Holdings Ltd HKSE:01809
99 GF Score
Price HK$6.70
GF Value HK$9.42
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Prinx Chengshan Holdings Construction In Progress?

Prinx Chengshan Holdings HKSE:01809 99 Construction In Progress is HK$378 Mil as of Dec. 2025. GuruFocus rates HKSE:01809 with a GF Score™ of 99/100 and a GF Value™ of HK$9.42 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Prinx Chengshan Holdings's quarterly construction in progress increased from Dec. 2024 (HK$214 Mil) to Jun. 2025 (HK$273 Mil) and increased from Jun. 2025 (HK$273 Mil) to Dec. 2025 (HK$378 Mil).

Prinx Chengshan Holdings's annual construction in progress increased from Dec. 2023 (HK$186 Mil) to Dec. 2024 (HK$214 Mil) and increased from Dec. 2024 (HK$214 Mil) to Dec. 2025 (HK$378 Mil).

Prinx Chengshan Holdings Construction In Progress Historical Data

* Premium members only.

The historical data trend for Prinx Chengshan 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.

Prinx Chengshan Holdings Construction In Progress Chart

Prinx Chengshan Holdings 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 2,055.83 1,135.43 185.92 213.52 378.24

Prinx Chengshan Holdings Semi-Annual Data
Dec15 Dec16 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 185.92 290.81 213.52 273.28 378.24
HKSE:01809
99GF Score
Prinx Chengshan Holdings Ltd HKSE:01809
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Prinx Chengshan 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$378 Mil mean?
Prinx Chengshan Holdings (HKSE:01809) has a Construction In Progress of HK$378 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Prinx Chengshan Holdings and its competitors.
Is Prinx Chengshan Holdings' Construction In Progress too high?
Prinx Chengshan Holdings' current Construction In Progress is HK$378 Mil. Overall, Prinx Chengshan Holdings has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Prinx Chengshan Holdings' Construction In Progress compare to ORLY and AZO?
Prinx Chengshan Holdings' Construction In Progress of HK$378 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Construction In Progress depends on the Vehicles & Parts 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 Prinx Chengshan Holdings and its competitors. Prinx Chengshan Holdings's current Construction In Progress is HK$378 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prinx Chengshan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Prinx Chengshan Holdings (HKSE:01809) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$9.42, compared to a current price of HK$6.70 — trading 28.9% below its estimated fair value. The current Construction In Progress is HK$378 Mil. Prinx Chengshan Holdings' overall GF Score™ is 99/100 with 1 warning sign 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 Prinx Chengshan Holdings (HKSE:01809), the current Construction In Progress is HK$378 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 Prinx Chengshan Holdings (HKSE:01809) Overvalued in 2026?

Based on GuruFocus' analysis, Prinx Chengshan Holdings stock appears to be undervalued. The current stock price of HK$6.70 is trading 28.9% below its estimated GF Value™ of HK$9.42. GuruFocus considers Prinx Chengshan Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:01809:

  • Construction In Progress: HK$378 Mil
  • GF Value™: HK$9.42 vs. price of HK$6.70 (28.9% below fair value)
  • GF Score™: 99/100 with 1 warning sign

No single metric tells the full story. See the HKSE:01809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Prinx Chengshan Holdings Business Description

Address No. 98 Nanshan North Road, Shandong Province, Rongcheng, CHN
Prinx Chengshan Holdings Ltd is a tire manufacturer. It sells its products under the brand names Prinx, Chengshan, Austone, and Fortune. The company has two segments as follows: Mainland China and Hong Kong as one segment ("Domestic") for trading of raw material related to tire products, manufacturing and selling tire products; and Overseas regions as the other segment for manufacturing and selling tire products. It derives maximum revenue from Domestic Market.
99GF Score

Get the complete analysis for HKSE:01809

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

HK$6.70
Price
HK$9.42
GF Value