QuMei Home Furnishings Group Co (SHSE:603818) Construction In Progress: ¥30 Mil (As of Mar. 2026)

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SHSE:603818 QuMei Home Furnishings Group Co Ltd SHSE:603818
48 GF Score
Price ¥3.09
GF Value ¥3.66
Valuation Modestly Undervalued
! 7 Warning Signs
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What is QuMei Home Furnishings Group Co Construction In Progress?

QuMei Home Furnishings Group Co SHSE:603818 -2.52% 48 Construction In Progress is ¥30 Mil as of Mar. 2026. GuruFocus rates SHSE:603818 with a GF Score™ of 48/100 and a GF Value™ of ¥3.66 (Modestly Undervalued). The stock has 7 warning signs investors should review.

QuMei Home Furnishings Group Co's quarterly construction in progress declined from Sep. 2025 (¥30 Mil) to Dec. 2025 (¥27 Mil) but then increased from Dec. 2025 (¥27 Mil) to Mar. 2026 (¥30 Mil).

QuMei Home Furnishings Group Co's annual construction in progress increased from Dec. 2023 (¥16 Mil) to Dec. 2024 (¥19 Mil) and increased from Dec. 2024 (¥19 Mil) to Dec. 2025 (¥27 Mil).

QuMei Home Furnishings Group Co Construction In Progress Historical Data

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The historical data trend for QuMei Home Furnishings 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.

QuMei Home Furnishings Group Co Construction In Progress Chart

QuMei Home Furnishings 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 30.18 18.50 15.83 18.54 27.22

QuMei Home Furnishings 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 23.39 26.97 30.12 27.22 30.14
SHSE:603818
48GF Score
QuMei Home Furnishings Group Co Ltd SHSE:603818
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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QuMei Home Furnishings 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 ¥30 Mil mean?
QuMei Home Furnishings Group Co (SHSE:603818) has a Construction In Progress of ¥30 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on QuMei Home Furnishings Group Co and its competitors.
Is QuMei Home Furnishings Group Co's Construction In Progress too high?
QuMei Home Furnishings Group Co's current Construction In Progress is ¥30 Mil. Overall, QuMei Home Furnishings Group Co has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does QuMei Home Furnishings Group Co's Construction In Progress compare to SN and SGI?
QuMei Home Furnishings Group Co's Construction In Progress of ¥30 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Construction In Progress depends on the Furnishings, Fixtures & Appliances 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 QuMei Home Furnishings Group Co and its competitors. QuMei Home Furnishings Group Co's current Construction In Progress is ¥30 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QuMei Home Furnishings Group Co stock overvalued right now?
Based on GuruFocus' analysis, QuMei Home Furnishings Group Co (SHSE:603818) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.66, compared to a current price of ¥3.09 — trading 15.6% below its estimated fair value. The current Construction In Progress is ¥30 Mil. QuMei Home Furnishings Group Co's overall GF Score™ is 48/100 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 QuMei Home Furnishings Group Co (SHSE:603818), the current Construction In Progress is ¥30 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 QuMei Home Furnishings Group Co (SHSE:603818) Overvalued in 2026?

Based on GuruFocus' analysis, QuMei Home Furnishings Group Co stock appears to be undervalued. The current stock price of ¥3.09 is trading 15.6% below its estimated GF Value™ of ¥3.66. GuruFocus considers QuMei Home Furnishings Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:603818:

  • Construction In Progress: ¥30 Mil
  • GF Value™: ¥3.66 vs. price of ¥3.09 (15.6% below fair value)
  • GF Score™: 48/100 with 7 warning signs

No single metric tells the full story. See the SHSE:603818 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

QuMei Home Furnishings Group Co Business Description

Address No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102
QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.
48GF Score

Get the complete analysis for SHSE:603818

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

¥3.09
Price
¥3.66
GF Value