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Powerwin Tech Group (HKSE:02405) Construction In Progress : HK$7.81 Mil (As of Dec. 2023)


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What is Powerwin Tech Group Construction In Progress?

Powerwin Tech Group's quarterly construction in progress stayed the same from Dec. 2022 (HK$0.00 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$7.81 Mil).

Powerwin Tech Group's annual construction in progress stayed the same from Dec. 2021 (HK$0.00 Mil) to Dec. 2022 (HK$0.00 Mil) but then increased from Dec. 2022 (HK$0.00 Mil) to Dec. 2023 (HK$7.81 Mil).


Powerwin Tech Group Construction In Progress Historical Data

The historical data trend for Powerwin Tech 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.

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Powerwin Tech Group Construction In Progress Chart

Powerwin Tech Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
- - - - 7.81

Powerwin Tech Group Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Dec23
Construction In Progress Get a 7-Day Free Trial Premium Member Only - - - - 7.81

Powerwin Tech 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.


Powerwin Tech Group (HKSE:02405) Business Description

Traded in Other Exchanges
N/A
Address
348 Kwun Tong Road, 5th Floor, Manulife Place, Kowloon, Hong Kong, HKG
Powerwin Tech Group Ltd is a cross-border digital marketing service provider in China. It covers mainstream media platforms such as Facebook, Instagram, Messenger, Google, Twitter, TikTok, YouTube, Snapchat, and Pinterest, providing customers with diversified and full-link cross-border digital marketing services and online shop SaaS solutions.
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