CITIC Heavy Industries Co (SHSE:601608) Construction In Progress: ¥258 Mil (As of Mar. 2026)

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SHSE:601608 CITIC Heavy Industries Co Ltd SHSE:601608
63 GF Score
Price ¥4.50
GF Value ¥4.07
Valuation Modestly Overvalued
! 4 Warning Signs
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What is CITIC Heavy Industries Co Construction In Progress?

CITIC Heavy Industries Co SHSE:601608 -6.25% 63 Construction In Progress is ¥258 Mil as of Mar. 2026. GuruFocus rates SHSE:601608 with a GF Score™ of 63/100 and a GF Value™ of ¥4.07 (Modestly Overvalued). The stock has 4 warning signs investors should review.

CITIC Heavy Industries Co's quarterly construction in progress declined from Sep. 2025 (¥379 Mil) to Dec. 2025 (¥247 Mil) but then increased from Dec. 2025 (¥247 Mil) to Mar. 2026 (¥258 Mil).

CITIC Heavy Industries Co's annual construction in progress increased from Dec. 2023 (¥136 Mil) to Dec. 2024 (¥207 Mil) and increased from Dec. 2024 (¥207 Mil) to Dec. 2025 (¥247 Mil).

CITIC Heavy Industries Co Construction In Progress Historical Data

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The historical data trend for CITIC Heavy Industries 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.

CITIC Heavy Industries Co Construction In Progress Chart

CITIC Heavy Industries 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 862.84 230.21 135.94 206.84 246.90

CITIC Heavy Industries 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 252.27 323.36 379.28 246.90 257.95
SHSE:601608
63GF Score
CITIC Heavy Industries Co Ltd SHSE:601608
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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CITIC Heavy Industries 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 ¥258 Mil mean?
CITIC Heavy Industries Co (SHSE:601608) has a Construction In Progress of ¥258 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on CITIC Heavy Industries Co and its competitors.
Is CITIC Heavy Industries Co's Construction In Progress too high?
CITIC Heavy Industries Co's current Construction In Progress is ¥258 Mil. Overall, CITIC Heavy Industries Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CITIC Heavy Industries Co's Construction In Progress compare to GEV and ETN?
CITIC Heavy Industries Co's Construction In Progress of ¥258 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Construction In Progress depends on the Industrial Products 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 CITIC Heavy Industries Co and its competitors. CITIC Heavy Industries Co's current Construction In Progress is ¥258 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CITIC Heavy Industries Co stock overvalued right now?
Based on GuruFocus' analysis, CITIC Heavy Industries Co (SHSE:601608) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.07, compared to a current price of ¥4.50 — trading 10.6% above its estimated fair value. The current Construction In Progress is ¥258 Mil. CITIC Heavy Industries Co's overall GF Score™ is 63/100 with 4 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 CITIC Heavy Industries Co (SHSE:601608), the current Construction In Progress is ¥258 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 CITIC Heavy Industries Co (SHSE:601608) Overvalued in 2026?

Based on GuruFocus' analysis, CITIC Heavy Industries Co stock appears to be overvalued. The current stock price of ¥4.50 is trading 10.6% above its estimated GF Value™ of ¥4.07. GuruFocus considers CITIC Heavy Industries Co to be Modestly Overvalued.

Key valuation signals for SHSE:601608:

  • Construction In Progress: ¥258 Mil
  • GF Value™: ¥4.07 vs. price of ¥4.50 (10.6% above fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the SHSE:601608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CITIC Heavy Industries Co Business Description

Address 206 Jianshe Road, Henan Province, Luoyang, CHN, 471039
CITIC Heavy Industries Co Ltd manufactures and distributes large-scale equipment, large complete sets of technical equipment, large castings and forging. Its products include building materials, mining, metallurgy and environmental protection equipment. Geographically, it operates through China, however, its products are sold in both China and internationally.
63GF Score

Get the complete analysis for SHSE:601608

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

¥4.50
Price
¥4.07
GF Value