Red Avenue New Materials Group Co (SHSE:603650) Construction In Progress: ¥610 Mil (As of Mar. 2026)

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SHSE:603650 Red Avenue New Materials Group Co Ltd SHSE:603650
73 GF Score
Price ¥64.88
GF Value ¥39.94
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Red Avenue New Materials Group Co Construction In Progress?

Red Avenue New Materials Group Co SHSE:603650 +0.39% 73 Construction In Progress is ¥610 Mil as of Mar. 2026. GuruFocus rates SHSE:603650 with a GF Score™ of 73/100 and a GF Value™ of ¥39.94 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Red Avenue New Materials Group Co's quarterly construction in progress increased from Sep. 2025 (¥322 Mil) to Dec. 2025 (¥432 Mil) and increased from Dec. 2025 (¥432 Mil) to Mar. 2026 (¥610 Mil).

Red Avenue New Materials Group Co's annual construction in progress declined from Dec. 2023 (¥580 Mil) to Dec. 2024 (¥547 Mil) and declined from Dec. 2024 (¥547 Mil) to Dec. 2025 (¥432 Mil).

Red Avenue New Materials Group Co Construction In Progress Historical Data

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The historical data trend for Red Avenue New Materials Group 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.

Red Avenue New Materials Group Co Construction In Progress Chart

Red Avenue New Materials Group 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 520.10 1,077.58 580.21 546.97 432.01

Red Avenue New Materials Group 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 593.93 595.44 321.59 432.01 610.33
SHSE:603650
73GF Score
Red Avenue New Materials Group Co Ltd SHSE:603650
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Red Avenue New Materials Group 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 ¥610 Mil mean?
Red Avenue New Materials Group Co (SHSE:603650) has a Construction In Progress of ¥610 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Red Avenue New Materials Group Co and its competitors.
Is Red Avenue New Materials Group Co's Construction In Progress too high?
Red Avenue New Materials Group Co's current Construction In Progress is ¥610 Mil. Overall, Red Avenue New Materials Group Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Red Avenue New Materials Group Co's Construction In Progress compare to LIN and SHW?
Red Avenue New Materials Group Co's Construction In Progress of ¥610 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Construction In Progress depends on the Chemicals 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 Red Avenue New Materials Group Co and its competitors. Red Avenue New Materials Group Co's current Construction In Progress is ¥610 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Red Avenue New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, Red Avenue New Materials Group Co (SHSE:603650) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥39.94, compared to a current price of ¥64.88 — trading 62.4% above its estimated fair value. The current Construction In Progress is ¥610 Mil. Red Avenue New Materials Group Co's overall GF Score™ is 73/100 with 7 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 Red Avenue New Materials Group Co (SHSE:603650), the current Construction In Progress is ¥610 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 Red Avenue New Materials Group Co (SHSE:603650) Overvalued in 2026?

Based on GuruFocus' analysis, Red Avenue New Materials Group Co stock appears to be overvalued. The current stock price of ¥64.88 is trading 62.4% above its estimated GF Value™ of ¥39.94. GuruFocus considers Red Avenue New Materials Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:603650:

  • Construction In Progress: ¥610 Mil
  • GF Value™: ¥39.94 vs. price of ¥64.88 (62.4% above fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the SHSE:603650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Red Avenue New Materials Group Co Business Description

Address No.33 Shiqiao Road Garden, Room 901, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 200120
Red Avenue New Materials Group Co Ltd is a China-based company engages in the manufacture and sale of chemical products. The company produces rubber and plastic chemical additives and other products. The products manufactured by the company include polyethylene glycol, silica, alkylphenol disulfides, and cobalt neodecanoate. Its main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins.
73GF Score

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

¥64.88
Price
¥39.94
GF Value