Hoymiles Power Electronics (SHSE:688032) Construction In Progress: ¥815 Mil (As of Mar. 2026)


SHSE:688032 Hoymiles Power Electronics Inc SHSE:688032
80 GF Score
Price ¥81.69
GF Value ¥196.37
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Hoymiles Power Electronics Construction In Progress?

Hoymiles Power Electronics SHSE:688032 -1.57% 80 Construction In Progress is ¥815 Mil as of Mar. 2026. GuruFocus rates SHSE:688032 with a GF Score™ of 80/100 and a GF Value™ of ¥196.37 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Hoymiles Power Electronics's quarterly construction in progress increased from Sep. 2025 (¥713 Mil) to Dec. 2025 (¥787 Mil) and increased from Dec. 2025 (¥787 Mil) to Mar. 2026 (¥815 Mil).

Hoymiles Power Electronics's annual construction in progress increased from Dec. 2023 (¥113 Mil) to Dec. 2024 (¥775 Mil) and increased from Dec. 2024 (¥775 Mil) to Dec. 2025 (¥787 Mil).

Hoymiles Power Electronics Construction In Progress Historical Data

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The historical data trend for Hoymiles Power Electronics'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.

Hoymiles Power Electronics Construction In Progress Chart

Hoymiles Power Electronics Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only 43.86 353.35 113.33 775.41 786.62

Hoymiles Power Electronics 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 724.60 691.31 712.58 786.62 815.10
SHSE:688032
80GF Score
Hoymiles Power Electronics Inc SHSE:688032
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoymiles Power Electronics 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 ¥815 Mil mean?
Hoymiles Power Electronics (SHSE:688032) has a Construction In Progress of ¥815 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Hoymiles Power Electronics and its competitors.
Is Hoymiles Power Electronics' Construction In Progress too high?
Hoymiles Power Electronics' current Construction In Progress is ¥815 Mil. Overall, Hoymiles Power Electronics has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoymiles Power Electronics' Construction In Progress compare to VRT and BE?
Hoymiles Power Electronics' Construction In Progress of ¥815 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 Hoymiles Power Electronics and its competitors. Hoymiles Power Electronics's current Construction In Progress is ¥815 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoymiles Power Electronics stock overvalued right now?
Based on GuruFocus' analysis, Hoymiles Power Electronics (SHSE:688032) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥196.37, compared to a current price of ¥81.69 — trading 58.4% below its estimated fair value. The current Construction In Progress is ¥815 Mil. Hoymiles Power Electronics' overall GF Score™ is 80/100 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 Hoymiles Power Electronics (SHSE:688032), the current Construction In Progress is ¥815 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 Hoymiles Power Electronics (SHSE:688032) Overvalued in 2026?

Based on GuruFocus' analysis, Hoymiles Power Electronics stock appears to be undervalued. The current stock price of ¥81.69 is trading 58.4% below its estimated GF Value™ of ¥196.37. GuruFocus considers Hoymiles Power Electronics to be Significantly Undervalued.

Key valuation signals for SHSE:688032:

  • Construction In Progress: ¥815 Mil
  • GF Value™: ¥196.37 vs. price of ¥81.69 (58.4% below fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the SHSE:688032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hoymiles Power Electronics Business Description

Address No. 18 Kangjing Road, 3rd Floor, Building 11, Gongshu District, Zhejiang Province, Hangzhou, CHN, 310015
Hoymiles Power Electronics Inc is engaged in the research and development, manufacturing, and sales of photovoltaic inverters and other power conversion equipment and electrical complete sets of equipment and related products.
80GF Score

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

¥81.69
Price
¥196.37
GF Value