Shandong Donghong Pipe Industry Co (SHSE:603856) Construction In Progress: ¥153 Mil (As of Mar. 2026)

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SHSE:603856 Shandong Donghong Pipe Industry Co Ltd SHSE:603856
79 GF Score
Price ¥11.34
GF Value ¥9.28
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Shandong Donghong Pipe Industry Co Construction In Progress?

Shandong Donghong Pipe Industry Co SHSE:603856 -2.07% 79 Construction In Progress is ¥153 Mil as of Mar. 2026. GuruFocus rates SHSE:603856 with a GF Score™ of 79/100 and a GF Value™ of ¥9.28 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Shandong Donghong Pipe Industry Co's quarterly construction in progress increased from Sep. 2025 (¥124 Mil) to Dec. 2025 (¥131 Mil) and increased from Dec. 2025 (¥131 Mil) to Mar. 2026 (¥153 Mil).

Shandong Donghong Pipe Industry Co's annual construction in progress increased from Dec. 2023 (¥14 Mil) to Dec. 2024 (¥179 Mil) but then declined from Dec. 2024 (¥179 Mil) to Dec. 2025 (¥131 Mil).

Shandong Donghong Pipe Industry Co Construction In Progress Historical Data

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The historical data trend for Shandong Donghong Pipe Industry 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.

Shandong Donghong Pipe Industry Co Construction In Progress Chart

Shandong Donghong Pipe Industry 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 198.59 26.34 14.31 179.47 131.38

Shandong Donghong Pipe Industry 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 182.02 175.74 123.95 131.38 152.86
SHSE:603856
79GF Score
Shandong Donghong Pipe Industry Co Ltd SHSE:603856
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Donghong Pipe Industry 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 ¥153 Mil mean?
Shandong Donghong Pipe Industry Co (SHSE:603856) has a Construction In Progress of ¥153 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Shandong Donghong Pipe Industry Co and its competitors.
Is Shandong Donghong Pipe Industry Co's Construction In Progress too high?
Shandong Donghong Pipe Industry Co's current Construction In Progress is ¥153 Mil. Overall, Shandong Donghong Pipe Industry Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Donghong Pipe Industry Co's Construction In Progress compare to TT and JCI?
Shandong Donghong Pipe Industry Co's Construction In Progress of ¥153 Mil can be compared against companies in the Construction 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 Construction company?
A good Construction In Progress depends on the Construction 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 Shandong Donghong Pipe Industry Co and its competitors. Shandong Donghong Pipe Industry Co's current Construction In Progress is ¥153 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Donghong Pipe Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Donghong Pipe Industry Co (SHSE:603856) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.28, compared to a current price of ¥11.34 — trading 22.2% above its estimated fair value. The current Construction In Progress is ¥153 Mil. Shandong Donghong Pipe Industry Co's overall GF Score™ is 79/100 with 5 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 Shandong Donghong Pipe Industry Co (SHSE:603856), the current Construction In Progress is ¥153 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 Shandong Donghong Pipe Industry Co (SHSE:603856) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Donghong Pipe Industry Co stock appears to be overvalued. The current stock price of ¥11.34 is trading 22.2% above its estimated GF Value™ of ¥9.28. GuruFocus considers Shandong Donghong Pipe Industry Co to be Modestly Overvalued.

Key valuation signals for SHSE:603856:

  • Construction In Progress: ¥153 Mil
  • GF Value™: ¥9.28 vs. price of ¥11.34 (22.2% above fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the SHSE:603856 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shandong Donghong Pipe Industry Co Business Description

Address No.1 Donghong Road, Shandong Province, Qufu, CHN, 273100
Shandong Donghong Pipe Industry Co Ltd is engaged in the research and development, manufacturing and service of an intelligent pipeline system in China. Its products line includes steel mesh skeleton plastic composite pipes, super wear-resisting composite pipes, HDPE gas pipes, plastic-coated steel pipes, polyethylene pipes for underground coal mining, and other products.
79GF Score

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

¥11.34
Price
¥9.28
GF Value