Qingdao Topscomm Communication (SHSE:603421) Construction In Progress: ¥7 Mil (As of Mar. 2026)

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SHSE:603421 Qingdao Topscomm Communication Inc SHSE:603421
54 GF Score
Price ¥5.23
GF Value ¥3.42
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Qingdao Topscomm Communication Construction In Progress?

Qingdao Topscomm Communication SHSE:603421 +1.16% 54 Construction In Progress is ¥7 Mil as of Mar. 2026. GuruFocus rates SHSE:603421 with a GF Score™ of 54/100 and a GF Value™ of ¥3.42 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Qingdao Topscomm Communication's quarterly construction in progress declined from Sep. 2025 (¥6 Mil) to Dec. 2025 (¥5 Mil) but then increased from Dec. 2025 (¥5 Mil) to Mar. 2026 (¥7 Mil).

Qingdao Topscomm Communication's annual construction in progress declined from Dec. 2023 (¥249 Mil) to Dec. 2024 (¥227 Mil) and declined from Dec. 2024 (¥227 Mil) to Dec. 2025 (¥5 Mil).

Qingdao Topscomm Communication Construction In Progress Historical Data

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The historical data trend for Qingdao Topscomm Communication'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.

Qingdao Topscomm Communication Construction In Progress Chart

Qingdao Topscomm Communication 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 302.74 272.32 248.61 226.96 4.92

Qingdao Topscomm Communication 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 227.02 7.02 5.78 4.92 6.92
SHSE:603421
54GF Score
Qingdao Topscomm Communication Inc SHSE:603421
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Qingdao Topscomm Communication 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 ¥7 Mil mean?
Qingdao Topscomm Communication (SHSE:603421) has a Construction In Progress of ¥7 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Qingdao Topscomm Communication and its competitors.
Is Qingdao Topscomm Communication's Construction In Progress too high?
Qingdao Topscomm Communication's current Construction In Progress is ¥7 Mil. Overall, Qingdao Topscomm Communication has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Topscomm Communication's Construction In Progress compare to COHR and KEYS?
Qingdao Topscomm Communication's Construction In Progress of ¥7 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 Qingdao Topscomm Communication and its competitors. Qingdao Topscomm Communication's current Construction In Progress is ¥7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Topscomm Communication stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Topscomm Communication (SHSE:603421) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.42, compared to a current price of ¥5.23 — trading 52.9% above its estimated fair value. The current Construction In Progress is ¥7 Mil. Qingdao Topscomm Communication's overall GF Score™ is 54/100 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 Qingdao Topscomm Communication (SHSE:603421), the current Construction In Progress is ¥7 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 Qingdao Topscomm Communication (SHSE:603421) Overvalued in 2026?

Based on GuruFocus' analysis, Qingdao Topscomm Communication stock appears to be overvalued. The current stock price of ¥5.23 is trading 52.9% above its estimated GF Value™ of ¥3.42. GuruFocus considers Qingdao Topscomm Communication to be Significantly Overvalued.

Key valuation signals for SHSE:603421:

  • Construction In Progress: ¥7 Mil
  • GF Value™: ¥3.42 vs. price of ¥5.23 (52.9% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the SHSE:603421 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Qingdao Topscomm Communication Business Description

Address No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024
Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.
54GF Score

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

¥5.23
Price
¥3.42
GF Value