Zhejiang Rongtai Electric Material Co (SHSE:603119) Construction In Progress: ¥101 Mil (As of Mar. 2026)

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SHSE:603119 Zhejiang Rongtai Electric Material Co Ltd SHSE:603119
88 GF Score
Price ¥54.49
GF Value ¥30.26
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Zhejiang Rongtai Electric Material Co Construction In Progress?

Zhejiang Rongtai Electric Material Co SHSE:603119 +1.66% 88 Construction In Progress is ¥101 Mil as of Mar. 2026. GuruFocus rates SHSE:603119 with a GF Score™ of 88/100 and a GF Value™ of ¥30.26 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Zhejiang Rongtai Electric Material Co's quarterly construction in progress declined from Sep. 2025 (¥98 Mil) to Dec. 2025 (¥88 Mil) but then increased from Dec. 2025 (¥88 Mil) to Mar. 2026 (¥101 Mil).

Zhejiang Rongtai Electric Material Co's annual construction in progress increased from Dec. 2023 (¥8 Mil) to Dec. 2024 (¥59 Mil) and increased from Dec. 2024 (¥59 Mil) to Dec. 2025 (¥88 Mil).

Zhejiang Rongtai Electric Material Co Construction In Progress Historical Data

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The historical data trend for Zhejiang Rongtai Electric Material 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.

Zhejiang Rongtai Electric Material Co Construction In Progress Chart

Zhejiang Rongtai Electric Material Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 87.92 21.38 8.04 59.18 88.42

Zhejiang Rongtai Electric Material Co Quarterly Data
Dec19 Dec20 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 70.49 105.91 98.03 88.42 101.18
SHSE:603119
88GF Score
Zhejiang Rongtai Electric Material Co Ltd SHSE:603119
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Rongtai Electric Material 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 ¥101 Mil mean?
Zhejiang Rongtai Electric Material Co (SHSE:603119) has a Construction In Progress of ¥101 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Zhejiang Rongtai Electric Material Co and its competitors.
Is Zhejiang Rongtai Electric Material Co's Construction In Progress too high?
Zhejiang Rongtai Electric Material Co's current Construction In Progress is ¥101 Mil. Overall, Zhejiang Rongtai Electric Material Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongtai Electric Material Co's Construction In Progress compare to APH and GLW?
Zhejiang Rongtai Electric Material Co's Construction In Progress of ¥101 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Construction In Progress depends on the Hardware 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 Zhejiang Rongtai Electric Material Co and its competitors. Zhejiang Rongtai Electric Material Co's current Construction In Progress is ¥101 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongtai Electric Material Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co (SHSE:603119) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.26, compared to a current price of ¥54.49 — trading 80.1% above its estimated fair value. The current Construction In Progress is ¥101 Mil. Zhejiang Rongtai Electric Material Co's overall GF Score™ is 88/100 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 Zhejiang Rongtai Electric Material Co (SHSE:603119), the current Construction In Progress is ¥101 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 Zhejiang Rongtai Electric Material Co (SHSE:603119) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co stock appears to be overvalued. The current stock price of ¥54.49 is trading 80.1% above its estimated GF Value™ of ¥30.26. GuruFocus considers Zhejiang Rongtai Electric Material Co to be Significantly Overvalued.

Key valuation signals for SHSE:603119:

  • Construction In Progress: ¥101 Mil
  • GF Value™: ¥30.26 vs. price of ¥54.49 (80.1% above fair value)
  • GF Score™: 88/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhejiang Rongtai Electric Material Co Business Description

Address No. 308, Zhongxing Road, Fengqiao Town, Nanhu, Zhejiang, Jiaxing, CHN, 314007
Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.
88GF Score

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

¥54.49
Price
¥30.26
GF Value