Zall Smart Commerce Group (HKSE:02098) Construction In Progress: HK$35 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 Zall Smart Commerce Group Construction In Progress?

Zall Smart Commerce Group HKSE:02098 Construction In Progress is HK$35 Mil as of Dec. 2025. The stock has 3 warning signs investors should review.

Zall Smart Commerce Group's quarterly construction in progress declined from Dec. 2024 (HK$47 Mil) to Jun. 2025 (HK$0 Mil) but then increased from Jun. 2025 (HK$0 Mil) to Dec. 2025 (HK$35 Mil).

Zall Smart Commerce Group's annual construction in progress increased from Dec. 2023 (HK$6 Mil) to Dec. 2024 (HK$47 Mil) but then declined from Dec. 2024 (HK$47 Mil) to Dec. 2025 (HK$35 Mil).

Zall Smart Commerce Group Construction In Progress Historical Data

* Premium members only.

The historical data trend for Zall Smart Commerce Group'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.

Zall Smart Commerce Group Construction In Progress Chart

Zall Smart Commerce Group 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 0.53 31.35 5.83 46.58 35.31

Zall Smart Commerce Group Semi-Annual Data
Jun16 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 5.83 0.00 46.58 0.00 35.31

Zall Smart Commerce Group 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$35 Mil mean?
Zall Smart Commerce Group (HKSE:02098) has a Construction In Progress of HK$35 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Zall Smart Commerce Group and its competitors.
Is Zall Smart Commerce Group's Construction In Progress too high?
Zall Smart Commerce Group's current Construction In Progress is HK$35 Mil.
How does Zall Smart Commerce Group's Construction In Progress compare to MMM and HON?
Zall Smart Commerce Group's Construction In Progress of HK$35 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Construction In Progress depends on the Conglomerates 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 Zall Smart Commerce Group and its competitors. Zall Smart Commerce Group's current Construction In Progress is HK$35 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zall Smart Commerce Group stock overvalued right now?
Based on GuruFocus' analysis, Zall Smart Commerce Group (HKSE:02098) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.38, compared to a current price of HK$0.07 — trading 81.8% below its estimated fair value. The current Construction In Progress is HK$35 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 Zall Smart Commerce Group (HKSE:02098), the current Construction In Progress is HK$35 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.

Zall Smart Commerce Group Business Description

Address 1 Chutian Avenue, No. 1 Enterprise Community, Panlongcheng Economics and Technology Development, Hubei Province, Wuhan, CHN, 430000
Zall Smart Commerce Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in developing and operating large-scale consumer product-focused wholesale shopping malls in the PRC, and providing supply chain management and trading business, e-commerce services, financial services, warehousing, and logistics services. The Group's reportable segments are: Property development and related services, and Supply chain management and trading, with maximum revenue coming from the latter, by providing trade-related supply chain financial services; and trading agricultural products, chemical materials, plastic raw materials, consumer goods, black and non-ferrous metals, etc. Geographically, the Group generates maximum revenue from China (PRC), and the rest from Singapore.