China Security Co (SHSE:600654) Construction In Progress: ¥78 Mil (As of Mar. 2026)

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SHSE:600654 China Security Co Ltd SHSE:600654
58 GF Score
Price ¥2.55
GF Value ¥2.86
Valuation Modestly Undervalued
! 2 Warning Signs
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What is China Security Co Construction In Progress?

China Security Co SHSE:600654 +0.79% 58 Construction In Progress is ¥78 Mil as of Mar. 2026. GuruFocus rates SHSE:600654 with a GF Score™ of 58/100 and a GF Value™ of ¥2.86 (Modestly Undervalued). The stock has 2 warning signs investors should review.

China Security Co's quarterly construction in progress declined from Sep. 2025 (¥95 Mil) to Dec. 2025 (¥77 Mil) but then increased from Dec. 2025 (¥77 Mil) to Mar. 2026 (¥78 Mil).

China Security Co's annual construction in progress increased from Dec. 2023 (¥0 Mil) to Dec. 2024 (¥87 Mil) but then declined from Dec. 2024 (¥87 Mil) to Dec. 2025 (¥77 Mil).

China Security Co Construction In Progress Historical Data

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The historical data trend for China Security 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 Security Co Construction In Progress Chart

China Security 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 0.08 2.10 0.07 87.19 76.76

China Security 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 86.72 90.36 94.84 76.76 77.95
SHSE:600654
58GF Score
China Security Co Ltd SHSE:600654
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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China Security 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 ¥78 Mil mean?
China Security Co (SHSE:600654) has a Construction In Progress of ¥78 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on China Security Co and its competitors.
Is China Security Co's Construction In Progress too high?
China Security Co's current Construction In Progress is ¥78 Mil. Overall, China Security Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Security Co's Construction In Progress compare to ALLE and MSA?
China Security Co's Construction In Progress of ¥78 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Construction In Progress depends on the Business Services 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 Security Co and its competitors. China Security Co's current Construction In Progress is ¥78 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Security Co stock overvalued right now?
Based on GuruFocus' analysis, China Security Co (SHSE:600654) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥2.86, compared to a current price of ¥2.55 — trading 10.8% below its estimated fair value. The current Construction In Progress is ¥78 Mil. China Security Co's overall GF Score™ is 58/100 with 2 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 Security Co (SHSE:600654), the current Construction In Progress is ¥78 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 Security Co (SHSE:600654) Overvalued in 2026?

Based on GuruFocus' analysis, China Security Co stock appears to be undervalued. The current stock price of ¥2.55 is trading 10.8% below its estimated GF Value™ of ¥2.86. GuruFocus considers China Security Co to be Modestly Undervalued.

Key valuation signals for SHSE:600654:

  • Construction In Progress: ¥78 Mil
  • GF Value™: ¥2.86 vs. price of ¥2.55 (10.8% below fair value)
  • GF Score™: 58/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Security Co Business Description

Address No.2, South Road, 17th Floor, Block C, Rongke Information Center, Haidian District, Beijing, CHN, 100190
China Security Co Ltd is a professional smart city system integrator and comprehensive security service provider in China. It is involved in system integration and product manufacture. Its domestic business includes Public Safety, Smart Living, Smart Industry, and Smart Integration. Its international business includes Cash Logistics Management, Property Security Service, Electronic Security Service, Guard Security Services, Facility Management Service, and Extended Security Services.
58GF Score

Get the complete analysis for SHSE:600654

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

¥2.55
Price
¥2.86
GF Value