Maanshan Iron And Steel Co (SHSE:600808) Construction In Progress: ¥1,404 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:600808 Maanshan Iron And Steel Co Ltd SHSE:600808
66 GF Score
Price ¥2.49
GF Value ¥3.33
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Maanshan Iron And Steel Co Construction In Progress?

Maanshan Iron And Steel Co SHSE:600808 -0.80% 66 Construction In Progress is ¥1,404 Mil as of Mar. 2026. GuruFocus rates SHSE:600808 with a GF Score™ of 66/100 and a GF Value™ of ¥3.33 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Maanshan Iron And Steel Co's quarterly construction in progress increased from Sep. 2025 (¥1,690 Mil) to Dec. 2025 (¥1,976 Mil) but then declined from Dec. 2025 (¥1,976 Mil) to Mar. 2026 (¥1,404 Mil).

Maanshan Iron And Steel Co's annual construction in progress declined from Dec. 2023 (¥4,014 Mil) to Dec. 2024 (¥795 Mil) but then increased from Dec. 2024 (¥795 Mil) to Dec. 2025 (¥1,976 Mil).

Maanshan Iron And Steel Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Maanshan Iron And 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.
* 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.

Maanshan Iron And Steel Co Construction In Progress Chart

Maanshan Iron And Steel 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 10,999.33 7,766.56 4,013.86 795.36 1,976.33

Maanshan Iron And Steel 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 1,165.98 1,083.89 1,690.13 1,976.33 1,404.41
SHSE:600808
66GF Score
Maanshan Iron And Steel Co Ltd SHSE:600808
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maanshan Iron And 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.

What does a Construction In Progress of ¥1,404 Mil mean?
Maanshan Iron And Steel Co (SHSE:600808) has a Construction In Progress of ¥1,404 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Maanshan Iron And Steel Co and its competitors.
Is Maanshan Iron And Steel Co's Construction In Progress too high?
Maanshan Iron And Steel Co's current Construction In Progress is ¥1,404 Mil. Overall, Maanshan Iron And Steel Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maanshan Iron And Steel Co's Construction In Progress compare to NUE and STLD?
Maanshan Iron And Steel Co's Construction In Progress of ¥1,404 Mil can be compared against companies in the Steel 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 Steel company?
A good Construction In Progress depends on the Steel 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 Maanshan Iron And Steel Co and its competitors. Maanshan Iron And Steel Co's current Construction In Progress is ¥1,404 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maanshan Iron And Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Maanshan Iron And Steel Co (SHSE:600808) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.33, compared to a current price of ¥2.49 — trading 25.2% below its estimated fair value. The current Construction In Progress is ¥1,404 Mil. Maanshan Iron And Steel Co's overall GF Score™ is 66/100 with 3 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 Maanshan Iron And Steel Co (SHSE:600808), the current Construction In Progress is ¥1,404 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 Maanshan Iron And Steel Co (SHSE:600808) Overvalued in 2026?

Based on GuruFocus' analysis, Maanshan Iron And Steel Co stock appears to be undervalued. The current stock price of ¥2.49 is trading 25.2% below its estimated GF Value™ of ¥3.33. GuruFocus considers Maanshan Iron And Steel Co to be Modestly Undervalued.

Key valuation signals for SHSE:600808:

  • Construction In Progress: ¥1,404 Mil
  • GF Value™: ¥3.33 vs. price of ¥2.49 (25.2% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600808 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Maanshan Iron And Steel Co Business Description

Address No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003
Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. Its main production processes include iron making, steel making, steel rolling, etc. The Group's key product is steel, which includes four product series of special steel, wheels and axles, long products, and plates. It offers casting round billet, special steel bar, train wheels, axles, wheelsets, section steel, wire rods, hot-rolled plate and cold-rolled plate coils, galvanized plates, color-coated plates, and other products, which are widely used in aviation, railway, ocean, automobile, household appliance, shipbuilding, construction, machinery manufacturing, and other fields. Geographically, the Group generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong and other overseas markets.
66GF Score

Get the complete analysis for SHSE:600808

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

¥2.49
Price
¥3.33
GF Value