Petro-king Oilfield Services (HKSE:02178) Construction In Progress : HK$0.0 Mil (As of Dec. 2023)

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What is Petro-king Oilfield Services Construction In Progress?

Petro-king Oilfield Services's quarterly construction in progress declined from Dec. 2022 (HK$0.5 Mil) to Jun. 2023 (HK$0.0 Mil) but then stayed the same from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.0 Mil).

Petro-king Oilfield Services's annual construction in progress increased from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$0.5 Mil) but then declined from Dec. 2022 (HK$0.5 Mil) to Dec. 2023 (HK$0.0 Mil).

Petro-king Oilfield Services Construction In Progress Historical Data

The historical data trend for Petro-king Oilfield Services'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.

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Petro-king Oilfield Services Construction In Progress Chart

Petro-king Oilfield Services Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

Construction In Progress

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1.19

0.52

Petro-king Oilfield Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															-	-	0.52	-	-

Petro-king Oilfield Services 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.

Petro-king Oilfield Services (HKSE:02178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro-king Oilfield Services Ltd (HKSE:02178) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Haide Road, Tiley Central Plaza, Room 705-710, 7th Floor, Tower A, Nanshan District, Shenzhen, CHN, 518054

Website

http://www.petro-king.cn

Petro-king Oilfield Services Ltd provides oilfield and gas field technology services covering various stages in the life cycle of oilfields and gas fields including production enhancement, drilling, consultancy and integrated project management with auxiliary activities in the trading of oilfield and gas field related products. It has two reportable segments namely Oilfield project tools and services; and Consultancy services. Oilfield project tools and services include drilling work, production enhancement work, and well completion work. It generates majority of its revenue from the Oilfield project tools and services segment. Geographically, the company operates in the People's Republic of China (PRC), the Middle East, and other countries, and generates majority of its revenue from PRC.

Executives

Hsbc International Trustee Limited	2301 Trustee
Lee & Leung (b.v.i.) Limited	2201 Interest of corporation controlled by you
King Shine Group Limited	2101 Beneficial owner
Lee Lap	2307 Founder of a discretionary trust who can infl
Wang Jinlong	2201 Interest of corporation controlled by you
Zhou Xiaojun	2202 Interest of your spouse
Ubs Group Ag	2201 Interest of corporation controlled by you
Greenwoods Asset Management Hong Kong Limited	2102 Investment manager
Invest Partner Group Limited	2201 Interest of corporation controlled by you
Termbray Industries International (holdings) Limited	2201 Interest of corporation controlled by you
Aeasy Credit Investment Limited	2201 Interest of corporation controlled by you
Zero Finance Hong Kong Limited	2106 Person having a security interest in shares

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