China Southern Airlines Co (SHSE:600029) Construction In Progress: ¥25,670 Mil (As of Mar. 2026)


SHSE:600029 China Southern Airlines Co Ltd SHSE:600029
64 GF Score
Price ¥5.30
GF Value ¥6.31
Valuation Modestly Undervalued
! 6 Warning Signs
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What is China Southern Airlines Co Construction In Progress?

China Southern Airlines Co SHSE:600029 -2.03% 64 Construction In Progress is ¥25,670 Mil as of Mar. 2026. GuruFocus rates SHSE:600029 with a GF Score™ of 64/100 and a GF Value™ of ¥6.31 (Modestly Undervalued). The stock has 6 warning signs investors should review.

China Southern Airlines Co's quarterly construction in progress declined from Sep. 2025 (¥24,393 Mil) to Dec. 2025 (¥23,955 Mil) but then increased from Dec. 2025 (¥23,955 Mil) to Mar. 2026 (¥25,670 Mil).

China Southern Airlines Co's annual construction in progress increased from Dec. 2023 (¥34,199 Mil) to Dec. 2024 (¥34,584 Mil) but then declined from Dec. 2024 (¥34,584 Mil) to Dec. 2025 (¥23,955 Mil).

China Southern Airlines Co Construction In Progress Historical Data

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The historical data trend for China Southern Airlines 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.
* 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.

China Southern Airlines Co Construction In Progress Chart

China Southern Airlines Co 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 31,869.00 33,322.00 34,199.00 34,584.00 23,955.00

China Southern Airlines Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 30,028.00 28,131.00 24,393.00 23,955.00 25,670.00
SHSE:600029
64GF Score
China Southern Airlines Co Ltd SHSE:600029
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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China Southern Airlines 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.

What does a Construction In Progress of ¥25,670 Mil mean?
China Southern Airlines Co (SHSE:600029) has a Construction In Progress of ¥25,670 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on China Southern Airlines Co and its competitors.
Is China Southern Airlines Co's Construction In Progress too high?
China Southern Airlines Co's current Construction In Progress is ¥25,670 Mil. Overall, China Southern Airlines Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Southern Airlines Co's Construction In Progress compare to DAL and UAL?
China Southern Airlines Co's Construction In Progress of ¥25,670 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Construction In Progress depends on the Transportation 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 China Southern Airlines Co and its competitors. China Southern Airlines Co's current Construction In Progress is ¥25,670 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Southern Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, China Southern Airlines Co (SHSE:600029) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.31, compared to a current price of ¥5.30 — trading 16% below its estimated fair value. The current Construction In Progress is ¥25,670 Mil. China Southern Airlines Co's overall GF Score™ is 64/100 with 6 warning signs 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 China Southern Airlines Co (SHSE:600029), the current Construction In Progress is ¥25,670 Mil as of Mar. 2026. 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 China Southern Airlines Co (SHSE:600029) Overvalued in 2026?

Based on GuruFocus' analysis, China Southern Airlines Co stock appears to be undervalued. The current stock price of ¥5.30 is trading 16% below its estimated GF Value™ of ¥6.31. GuruFocus considers China Southern Airlines Co to be Modestly Undervalued.

Key valuation signals for SHSE:600029:

  • Construction In Progress: ¥25,670 Mil
  • GF Value™: ¥6.31 vs. price of ¥5.30 (16% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Southern Airlines Co Business Description

Address 68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403
China Southern Airlines Co Ltd is based in Guangzhou principally engaged in airline operations. The Group also operates certain airline-related businesses, including the provision of aircraft maintenance and air catering services. The Group has two reportable operating segments: airline transportation operations and other segments. Airline transportation operations comprise the Group's passenger and cargo, and mail operations. Other segments include cargo handling, hotel and tour operation, ground services, air catering services, and other miscellaneous services. Geographically, the company operates in the Domestic, Hong Kong, Macau, and Taiwan, and International markets.
64GF Score

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

¥5.30
Price
¥6.31
GF Value