Sanan Optoelectronics Co (SHSE:600703) Construction In Progress: ¥2,302 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600703 Sanan Optoelectronics Co Ltd SHSE:600703
71 GF Score
Price ¥12.24
GF Value ¥12.87
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Sanan Optoelectronics Co Construction In Progress?

Sanan Optoelectronics Co SHSE:600703 +3.64% 71 Construction In Progress is ¥2,302 Mil as of Mar. 2026. GuruFocus rates SHSE:600703 with a GF Score™ of 71/100 and a GF Value™ of ¥12.87 (Fairly Valued). The stock has 7 warning signs investors should review.

Sanan Optoelectronics Co's quarterly construction in progress declined from Sep. 2025 (¥2,921 Mil) to Dec. 2025 (¥2,421 Mil) and declined from Dec. 2025 (¥2,421 Mil) to Mar. 2026 (¥2,302 Mil).

Sanan Optoelectronics Co's annual construction in progress increased from Dec. 2023 (¥4,423 Mil) to Dec. 2024 (¥4,829 Mil) but then declined from Dec. 2024 (¥4,829 Mil) to Dec. 2025 (¥2,421 Mil).

Sanan Optoelectronics Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Sanan Optoelectronics 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.

Sanan Optoelectronics Co Construction In Progress Chart

Sanan Optoelectronics 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 6,692.93 5,264.51 4,422.62 4,828.97 2,421.29

Sanan Optoelectronics 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 4,572.66 3,423.33 2,920.98 2,421.29 2,301.52
SHSE:600703
71GF Score
Sanan Optoelectronics Co Ltd SHSE:600703
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanan Optoelectronics 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 ¥2,302 Mil mean?
Sanan Optoelectronics Co (SHSE:600703) has a Construction In Progress of ¥2,302 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Sanan Optoelectronics Co and its competitors.
Is Sanan Optoelectronics Co's Construction In Progress too high?
Sanan Optoelectronics Co's current Construction In Progress is ¥2,302 Mil. Overall, Sanan Optoelectronics Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanan Optoelectronics Co's Construction In Progress compare to NVDA and AVGO?
Sanan Optoelectronics Co's Construction In Progress of ¥2,302 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Construction In Progress depends on the Semiconductors 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 Sanan Optoelectronics Co and its competitors. Sanan Optoelectronics Co's current Construction In Progress is ¥2,302 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanan Optoelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Sanan Optoelectronics Co (SHSE:600703) is currently considered Fairly Valued. The stock's GF Value™ is ¥12.87, compared to a current price of ¥12.24 — trading 4.9% below its estimated fair value. The current Construction In Progress is ¥2,302 Mil. Sanan Optoelectronics Co's overall GF Score™ is 71/100 with 7 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 Sanan Optoelectronics Co (SHSE:600703), the current Construction In Progress is ¥2,302 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 Sanan Optoelectronics Co (SHSE:600703) Overvalued in 2026?

Based on GuruFocus' analysis, Sanan Optoelectronics Co stock appears to be undervalued. The current stock price of ¥12.24 is trading 4.9% below its estimated GF Value™ of ¥12.87. GuruFocus considers Sanan Optoelectronics Co to be Fairly Valued.

Key valuation signals for SHSE:600703:

  • Construction In Progress: ¥2,302 Mil
  • GF Value™: ¥12.87 vs. price of ¥12.24 (4.9% below fair value)
  • GF Score™: 71/100 with 7 warning signs

No single metric tells the full story. See the SHSE:600703 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sanan Optoelectronics Co Business Description

Address No. 1721-1725, Luling Road, Siming District, Fujian Province, Xiamen, CHN, 361009
Sanan Optoelectronics Co Ltd is a China-based full-color ultra-high brightness LED epitaxial and chip manufacturer. It is engaged in the development, production, and sales of full-color and high-brightness LED epitaxial wafers, chips, compound solar cells, and high-powered condenser photovoltaic products. The products offered by the company are a sapphire substrate, an integrated circuit, a solar battery, an LED chip, an optical communication chip, and others. The company is also engaged in the sale of materials and waste materials, as well as the provision of other services such as leasing and property.
71GF Score

Get the complete analysis for SHSE:600703

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

¥12.24
Price
¥12.87
GF Value