Baoshan Iron & Steel Co (SHSE:600019) Construction In Progress : ¥12,009 Mil (As of Mar. 2024)

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What is Baoshan Iron & Steel Co Construction In Progress?

Baoshan Iron & Steel Co's quarterly construction in progress increased from Sep. 2023 (¥12,966 Mil) to Dec. 2023 (¥13,290 Mil) but then declined from Dec. 2023 (¥13,290 Mil) to Mar. 2024 (¥12,009 Mil).

Baoshan Iron & Steel Co's annual construction in progress declined from Dec. 2021 (¥13,781 Mil) to Dec. 2022 (¥13,751 Mil) and declined from Dec. 2022 (¥13,751 Mil) to Dec. 2023 (¥13,290 Mil).

Baoshan Iron & Steel Co Construction In Progress Historical Data

The historical data trend for Baoshan Iron & Steel 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.
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Baoshan Iron & Steel Co Construction In Progress Chart

Baoshan Iron & Steel Co Annual Data

Trend

Dec14

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Dec16

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Dec21

Dec22

Dec23

Construction In Progress

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8,467.77

17,962.57

13,780.67

13,751.31

13,289.58

Baoshan Iron & Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															12,061.43	12,717.22	12,965.84	13,289.58	12,008.90

Baoshan Iron & Steel 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.

Baoshan Iron & Steel Co (SHSE:600019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Baoshan Iron & Steel Co Ltd (SHSE:600019) » Definitions » Construction In Progress

Traded in Other Exchanges

N/A

Address

No. 885 Fujin Road, Baosteel Command Center, Baoshan District, Shanghai, CHN, 201900

Website

http://www.baosteel.com

Baosteel is the listed entity of the largest steel group in China. Its steel businesses--which include steel manufacturing, processing, and distribution--account for roughly 95% of its revenue. The remainder consists of information technology, chemical, finance, and e-commerce activities. The firm focuses on flat steel and commands more than 50% of the domestic China cold-rolled automotive sheet market, roughly 80% of the China grain-oriented electrical steel market, and a third of the non-oriented electrical steel market.

Baoshan Iron & Steel Co (SHSE:600019) Headlines

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