Spring Airlines Co (SHSE:601021) Construction In Progress: ¥4,067 Mil (As of Mar. 2026)

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SHSE:601021 Spring Airlines Co Ltd SHSE:601021
69 GF Score
Price ¥45.26
GF Value ¥66.14
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Spring Airlines Co Construction In Progress?

Spring Airlines Co SHSE:601021 +0.15% 69 Construction In Progress is ¥4,067 Mil as of Mar. 2026. GuruFocus rates SHSE:601021 with a GF Score™ of 69/100 and a GF Value™ of ¥66.14 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Spring Airlines Co's quarterly construction in progress declined from Sep. 2025 (¥3,447 Mil) to Dec. 2025 (¥3,442 Mil) but then increased from Dec. 2025 (¥3,442 Mil) to Mar. 2026 (¥4,067 Mil).

Spring Airlines Co's annual construction in progress declined from Dec. 2023 (¥6,214 Mil) to Dec. 2024 (¥2,213 Mil) but then increased from Dec. 2024 (¥2,213 Mil) to Dec. 2025 (¥3,442 Mil).

Spring Airlines Co Construction In Progress Historical Data

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The historical data trend for Spring 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.

Spring Airlines Co Construction In Progress Chart

Spring 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 5,399.98 6,894.72 6,214.20 2,212.67 3,442.30

Spring 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 2,267.78 2,758.67 3,447.16 3,442.30 4,067.13
SHSE:601021
69GF Score
Spring Airlines Co Ltd SHSE:601021
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Spring 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 ¥4,067 Mil mean?
Spring Airlines Co (SHSE:601021) has a Construction In Progress of ¥4,067 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Spring Airlines Co and its competitors.
Is Spring Airlines Co's Construction In Progress too high?
Spring Airlines Co's current Construction In Progress is ¥4,067 Mil. Overall, Spring Airlines Co has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spring Airlines Co's Construction In Progress compare to DAL and UAL?
Spring Airlines Co's Construction In Progress of ¥4,067 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 Spring Airlines Co and its competitors. Spring Airlines Co's current Construction In Progress is ¥4,067 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spring Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Spring Airlines Co (SHSE:601021) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥66.14, compared to a current price of ¥45.26 — trading 31.6% below its estimated fair value. The current Construction In Progress is ¥4,067 Mil. Spring Airlines Co's overall GF Score™ is 69/100 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 Spring Airlines Co (SHSE:601021), the current Construction In Progress is ¥4,067 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 Spring Airlines Co (SHSE:601021) Overvalued in 2026?

Based on GuruFocus' analysis, Spring Airlines Co stock appears to be undervalued. The current stock price of ¥45.26 is trading 31.6% below its estimated GF Value™ of ¥66.14. GuruFocus considers Spring Airlines Co to be Significantly Undervalued.

Key valuation signals for SHSE:601021:

  • Construction In Progress: ¥4,067 Mil
  • GF Value™: ¥66.14 vs. price of ¥45.26 (31.6% below fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the SHSE:601021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Spring Airlines Co Business Description

Address No. 2599, Hongqiao Road, Spring Airlines Headquarters Office Building, Changning District, Shanghai, CHN, 200335
Spring Airlines Co Ltd is a China-based airline company, principally engaged in the airline transportation of passengers and freight. The company focuses on providing passenger and cargo air transportation services across mainland China, international routes, as well as Hong Kong, Macao, and Taiwan, along with other activities connected to the air transport industry.
69GF Score

Get the complete analysis for SHSE:601021

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

¥45.26
Price
¥66.14
GF Value