Jiangsu Lopal Tech Group Co (SHSE:603906) Construction In Progress: ¥981 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:603906 Jiangsu Lopal Tech Group Co Ltd SHSE:603906
63 GF Score
Price ¥18.35
GF Value ¥11.36
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Jiangsu Lopal Tech Group Co Construction In Progress?

Jiangsu Lopal Tech Group Co SHSE:603906 -2.55% 63 Construction In Progress is ¥981 Mil as of Mar. 2026. GuruFocus rates SHSE:603906 with a GF Score™ of 63/100 and a GF Value™ of ¥11.36 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Jiangsu Lopal Tech Group Co's quarterly construction in progress increased from Sep. 2025 (¥480 Mil) to Dec. 2025 (¥733 Mil) and increased from Dec. 2025 (¥733 Mil) to Mar. 2026 (¥981 Mil).

Jiangsu Lopal Tech Group Co's annual construction in progress declined from Dec. 2023 (¥2,578 Mil) to Dec. 2024 (¥684 Mil) but then increased from Dec. 2024 (¥684 Mil) to Dec. 2025 (¥733 Mil).

Jiangsu Lopal Tech Group Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Jiangsu Lopal Tech 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.

Jiangsu Lopal Tech Group Co Construction In Progress Chart

Jiangsu Lopal Tech 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 538.70 1,367.22 2,577.61 684.30 732.86

Jiangsu Lopal Tech 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 687.60 350.52 479.70 732.86 980.61
SHSE:603906
63GF Score
Jiangsu Lopal Tech Group Co Ltd SHSE:603906
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu Lopal Tech 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 ¥981 Mil mean?
Jiangsu Lopal Tech Group Co (SHSE:603906) has a Construction In Progress of ¥981 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Jiangsu Lopal Tech Group Co and its competitors.
Is Jiangsu Lopal Tech Group Co's Construction In Progress too high?
Jiangsu Lopal Tech Group Co's current Construction In Progress is ¥981 Mil. Overall, Jiangsu Lopal Tech Group Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Lopal Tech Group Co's Construction In Progress compare to MPC and VLO?
Jiangsu Lopal Tech Group Co's Construction In Progress of ¥981 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas 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 Jiangsu Lopal Tech Group Co and its competitors. Jiangsu Lopal Tech Group Co's current Construction In Progress is ¥981 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Lopal Tech Group Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Lopal Tech Group Co (SHSE:603906) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥11.36, compared to a current price of ¥18.35 — trading 61.5% above its estimated fair value. The current Construction In Progress is ¥981 Mil. Jiangsu Lopal Tech Group Co's overall GF Score™ is 63/100 with 10 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 Jiangsu Lopal Tech Group Co (SHSE:603906), the current Construction In Progress is ¥981 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 Jiangsu Lopal Tech Group Co (SHSE:603906) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu Lopal Tech Group Co stock appears to be overvalued. The current stock price of ¥18.35 is trading 61.5% above its estimated GF Value™ of ¥11.36. GuruFocus considers Jiangsu Lopal Tech Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:603906:

  • Construction In Progress: ¥981 Mil
  • GF Value™: ¥11.36 vs. price of ¥18.35 (61.5% above fair value)
  • GF Score™: 63/100 with 10 warning signs

No single metric tells the full story. See the SHSE:603906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Jiangsu Lopal Tech Group Co Business Description

Industry EnergyOil & Gas
Other Exchanges 02465:Hong Kong
Address No. 6 Hengtong Avenue, Nanjing Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210038
Jiangsu Lopal Tech Group Co Ltd and its subsidiaries are principally engaged in the production and sale of lithium iron phosphate (LFP) cathode materials and automotive specialty chemicals. Its product offerings mainly include lithium cathode materials used in new energy vehicles and energy storage products; and automotive and industrial lubricants, diesel engine exhaust treatment fluids, coolants, and a variety of automotive maintenance products, marketed under Lopal, Kelas, and Teec brands. The Group's operating segments are: Sale of LFP cathode materials, which generate maximum revenue, Processing of lithium carbonate and raw materials, Sale of automotive specialty chemicals, and Other businesses.
63GF Score

Get the complete analysis for SHSE:603906

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

¥18.35
Price
¥11.36
GF Value