Mingxin New Material Co (SHSE:605068) Construction In Progress: ¥85 Mil (As of Mar. 2026)

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SHSE:605068 Mingxin New Material Co Ltd SHSE:605068
71 GF Score
Price ¥15.47
GF Value ¥30.04
Valuation Possible Value Trap
! 7 Warning Signs
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What is Mingxin New Material Co Construction In Progress?

Mingxin New Material Co SHSE:605068 -1.78% 71 Construction In Progress is ¥85 Mil as of Mar. 2026. GuruFocus rates SHSE:605068 with a GF Score™ of 71/100 and a GF Value™ of ¥30.04 (Possible Value Trap). The stock has 7 warning signs investors should review.

Mingxin New Material Co's quarterly construction in progress declined from Sep. 2025 (¥167 Mil) to Dec. 2025 (¥79 Mil) but then increased from Dec. 2025 (¥79 Mil) to Mar. 2026 (¥85 Mil).

Mingxin New Material Co's annual construction in progress declined from Dec. 2023 (¥556 Mil) to Dec. 2024 (¥285 Mil) and declined from Dec. 2024 (¥285 Mil) to Dec. 2025 (¥79 Mil).

Mingxin New Material Co Construction In Progress Historical Data

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The historical data trend for Mingxin New Material 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.

Mingxin New Material Co Construction In Progress Chart

Mingxin New Material 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 147.20 179.14 556.37 284.75 78.91

Mingxin New Material 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 233.20 193.88 167.30 78.91 85.19
SHSE:605068
71GF Score
Mingxin New Material Co Ltd SHSE:605068
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Mingxin New Material 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 ¥85 Mil mean?
Mingxin New Material Co (SHSE:605068) has a Construction In Progress of ¥85 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Mingxin New Material Co and its competitors.
Is Mingxin New Material Co's Construction In Progress too high?
Mingxin New Material Co's current Construction In Progress is ¥85 Mil. Overall, Mingxin New Material Co has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mingxin New Material Co's Construction In Progress compare to ORLY and AZO?
Mingxin New Material Co's Construction In Progress of ¥85 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Construction In Progress depends on the Vehicles & Parts 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 Mingxin New Material Co and its competitors. Mingxin New Material Co's current Construction In Progress is ¥85 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mingxin New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Mingxin New Material Co (SHSE:605068) is currently considered Possible Value Trap. The stock's GF Value™ is ¥30.04, compared to a current price of ¥15.47 — trading 48.5% below its estimated fair value. The current Construction In Progress is ¥85 Mil. Mingxin New Material Co's overall GF Score™ is 71/100 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 Mingxin New Material Co (SHSE:605068), the current Construction In Progress is ¥85 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 Mingxin New Material Co (SHSE:605068) Overvalued in 2026?

Based on GuruFocus' analysis, Mingxin New Material Co stock appears to be undervalued. The current stock price of ¥15.47 is trading 48.5% below its estimated GF Value™ of ¥30.04. GuruFocus considers Mingxin New Material Co to be Possible Value Trap.

Key valuation signals for SHSE:605068:

  • Construction In Progress: ¥85 Mil
  • GF Value™: ¥30.04 vs. price of ¥15.47 (48.5% below fair value)
  • GF Score™: 71/100 with 7 warning signs

No single metric tells the full story. See the SHSE:605068 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mingxin New Material Co Business Description

Address Mingxin Road, No. 188, Daqiao Town, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006
Mingxin New Material Co Ltd is engaged in development, production and sales of automotive leather. The company's product is automotive interior leather, which is mainly used in automotive interior products such as seats, steering wheels, instrument panels, door panels and other high-end passenger cars.
71GF Score

Get the complete analysis for SHSE:605068

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

¥15.47
Price
¥30.04
GF Value