Zhejiang Xinao Textiles (SHSE:603889) Construction In Progress: ¥116 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603889 Zhejiang Xinao Textiles Inc SHSE:603889
92 GF Score
Price ¥5.39
GF Value ¥6.64
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Zhejiang Xinao Textiles Construction In Progress?

Zhejiang Xinao Textiles SHSE:603889 -2.53% 92 Construction In Progress is ¥116 Mil as of Mar. 2026. GuruFocus rates SHSE:603889 with a GF Score™ of 92/100 and a GF Value™ of ¥6.64 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Zhejiang Xinao Textiles's quarterly construction in progress increased from Sep. 2025 (¥86 Mil) to Dec. 2025 (¥97 Mil) and increased from Dec. 2025 (¥97 Mil) to Mar. 2026 (¥116 Mil).

Zhejiang Xinao Textiles's annual construction in progress increased from Dec. 2023 (¥123 Mil) to Dec. 2024 (¥214 Mil) but then declined from Dec. 2024 (¥214 Mil) to Dec. 2025 (¥97 Mil).

Zhejiang Xinao Textiles Construction In Progress Historical Data

* Premium members only.

The historical data trend for Zhejiang Xinao Textiles'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 Xinao Textiles Construction In Progress Chart

Zhejiang Xinao Textiles 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 172.43 52.78 123.36 214.07 97.03

Zhejiang Xinao Textiles 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 296.32 203.03 85.79 97.03 115.76
SHSE:603889
92GF Score
Zhejiang Xinao Textiles Inc SHSE:603889
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Xinao Textiles 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 ¥116 Mil mean?
Zhejiang Xinao Textiles (SHSE:603889) has a Construction In Progress of ¥116 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Zhejiang Xinao Textiles and its competitors.
Is Zhejiang Xinao Textiles' Construction In Progress too high?
Zhejiang Xinao Textiles' current Construction In Progress is ¥116 Mil. Overall, Zhejiang Xinao Textiles has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Xinao Textiles' Construction In Progress compare to competitors?
Zhejiang Xinao Textiles' Construction In Progress of ¥116 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Construction In Progress depends on the Manufacturing - Apparel & Accessories 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 Xinao Textiles and its competitors. Zhejiang Xinao Textiles's current Construction In Progress is ¥116 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Xinao Textiles stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Xinao Textiles (SHSE:603889) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.64, compared to a current price of ¥5.39 — trading 18.8% below its estimated fair value. The current Construction In Progress is ¥116 Mil. Zhejiang Xinao Textiles' overall GF Score™ is 92/100 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 Zhejiang Xinao Textiles (SHSE:603889), the current Construction In Progress is ¥116 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 Xinao Textiles (SHSE:603889) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Xinao Textiles stock appears to be undervalued. The current stock price of ¥5.39 is trading 18.8% below its estimated GF Value™ of ¥6.64. GuruFocus considers Zhejiang Xinao Textiles to be Modestly Undervalued.

Key valuation signals for SHSE:603889:

  • Construction In Progress: ¥116 Mil
  • GF Value™: ¥6.64 vs. price of ¥5.39 (18.8% below fair value)
  • GF Score™: 92/100 with 4 warning signs

No single metric tells the full story. See the SHSE:603889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhejiang Xinao Textiles Business Description

Address Guanzhuang Bridge, Chongfu Town, Zhejiang Province, Tongxiang City, CHN, 314511
Zhejiang Xinao Textiles Inc along with its subsidiaries is engaged in research, development, production & sales of worsted yarn. The company's main products and services include: worsted, woolen pure wool, and wool blended yarns; woolen, worsted pure cashmere and cashmere blended yarns.
92GF Score

Get the complete analysis for SHSE:603889

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

¥5.39
Price
¥6.64
GF Value