Ningbo Ronbay New Energy Technology Co (SHSE:688005) Construction In Progress: ¥1,344 Mil (As of Mar. 2026)


SHSE:688005 Ningbo Ronbay New Energy Technology Co Ltd SHSE:688005
79 GF Score
Price ¥28.56
GF Value ¥23.56
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Ningbo Ronbay New Energy Technology Co Construction In Progress?

Ningbo Ronbay New Energy Technology Co SHSE:688005 +5.08% 79 Construction In Progress is ¥1,344 Mil as of Mar. 2026. GuruFocus rates SHSE:688005 with a GF Score™ of 79/100 and a GF Value™ of ¥23.56 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Ningbo Ronbay New Energy Technology Co's quarterly construction in progress declined from Sep. 2025 (¥1,442 Mil) to Dec. 2025 (¥1,425 Mil) and declined from Dec. 2025 (¥1,425 Mil) to Mar. 2026 (¥1,344 Mil).

Ningbo Ronbay New Energy Technology Co's annual construction in progress declined from Dec. 2023 (¥2,090 Mil) to Dec. 2024 (¥1,692 Mil) and declined from Dec. 2024 (¥1,692 Mil) to Dec. 2025 (¥1,425 Mil).

Ningbo Ronbay New Energy Technology Co Construction In Progress Historical Data

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The historical data trend for Ningbo Ronbay New Energy Technology 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.

Ningbo Ronbay New Energy Technology Co Construction In Progress Chart

Ningbo Ronbay New Energy Technology 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 1,924.43 2,610.99 2,089.62 1,692.37 1,424.94

Ningbo Ronbay New Energy Technology 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 1,883.59 1,976.14 1,441.65 1,424.94 1,343.62
SHSE:688005
79GF Score
Ningbo Ronbay New Energy Technology Co Ltd SHSE:688005
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Ningbo Ronbay New Energy Technology 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 ¥1,344 Mil mean?
Ningbo Ronbay New Energy Technology Co (SHSE:688005) has a Construction In Progress of ¥1,344 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Ningbo Ronbay New Energy Technology Co and its competitors.
Is Ningbo Ronbay New Energy Technology Co's Construction In Progress too high?
Ningbo Ronbay New Energy Technology Co's current Construction In Progress is ¥1,344 Mil. Overall, Ningbo Ronbay New Energy Technology 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 Ningbo Ronbay New Energy Technology Co's Construction In Progress compare to VRT and BE?
Ningbo Ronbay New Energy Technology Co's Construction In Progress of ¥1,344 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Construction In Progress depends on the Industrial Products 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 Ningbo Ronbay New Energy Technology Co and its competitors. Ningbo Ronbay New Energy Technology Co's current Construction In Progress is ¥1,344 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Ronbay New Energy Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Ronbay New Energy Technology Co (SHSE:688005) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥23.56, compared to a current price of ¥28.56 — trading 21.2% above its estimated fair value. The current Construction In Progress is ¥1,344 Mil. Ningbo Ronbay New Energy Technology Co's overall GF Score™ is 79/100 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 Ningbo Ronbay New Energy Technology Co (SHSE:688005), the current Construction In Progress is ¥1,344 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 Ningbo Ronbay New Energy Technology Co (SHSE:688005) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Ronbay New Energy Technology Co stock appears to be overvalued. The current stock price of ¥28.56 is trading 21.2% above its estimated GF Value™ of ¥23.56. GuruFocus considers Ningbo Ronbay New Energy Technology Co to be Modestly Overvalued.

Key valuation signals for SHSE:688005:

  • Construction In Progress: ¥1,344 Mil
  • GF Value™: ¥23.56 vs. price of ¥28.56 (21.2% above fair value)
  • GF Score™: 79/100 with 10 warning signs

No single metric tells the full story. See the SHSE:688005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ningbo Ronbay New Energy Technology Co Business Description

Address No. 39 Tanjialing East Road, Zhejiang Province, Yuyao, CHN, 315400
Ningbo Ronbay New Energy Technology Co Ltd is engaged in the research and development, production, and marketing of multi-materials, lithium ferromanganese phosphate (lmfp) materials, sodium battery materials, and multi-precursors. The products are mainly used in the manufacturing of lithium/sodium batteries and are mainly applied in fields such as electric vehicles, electric two-wheelers, energy storage equipment, and electronic 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.

¥28.56
Price
¥23.56
GF Value