Shenzhen Qingyi Photomask (SHSE:688138) Construction In Progress: ¥1,294 Mil (As of Mar. 2026)


SHSE:688138 Shenzhen Qingyi Photomask Ltd SHSE:688138
86 GF Score
Price ¥42.39
GF Value ¥30.82
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Shenzhen Qingyi Photomask Construction In Progress?

Shenzhen Qingyi Photomask SHSE:688138 -7.24% 86 Construction In Progress is ¥1,294 Mil as of Mar. 2026. GuruFocus rates SHSE:688138 with a GF Score™ of 86/100 and a GF Value™ of ¥30.82 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Shenzhen Qingyi Photomask's quarterly construction in progress increased from Sep. 2025 (¥635 Mil) to Dec. 2025 (¥1,151 Mil) and increased from Dec. 2025 (¥1,151 Mil) to Mar. 2026 (¥1,294 Mil).

Shenzhen Qingyi Photomask's annual construction in progress increased from Dec. 2023 (¥44 Mil) to Dec. 2024 (¥238 Mil) and increased from Dec. 2024 (¥238 Mil) to Dec. 2025 (¥1,151 Mil).

Shenzhen Qingyi Photomask Construction In Progress Historical Data

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The historical data trend for Shenzhen Qingyi Photomask'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.

Shenzhen Qingyi Photomask Construction In Progress Chart

Shenzhen Qingyi Photomask 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 135.58 36.98 44.09 238.26 1,151.21

Shenzhen Qingyi Photomask 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 341.07 498.57 634.86 1,151.21 1,293.74
SHSE:688138
86GF Score
Shenzhen Qingyi Photomask Ltd SHSE:688138
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Qingyi Photomask 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 ¥1,294 Mil mean?
Shenzhen Qingyi Photomask (SHSE:688138) has a Construction In Progress of ¥1,294 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Shenzhen Qingyi Photomask and its competitors.
Is Shenzhen Qingyi Photomask's Construction In Progress too high?
Shenzhen Qingyi Photomask's current Construction In Progress is ¥1,294 Mil. Overall, Shenzhen Qingyi Photomask has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Qingyi Photomask's Construction In Progress compare to APH and GLW?
Shenzhen Qingyi Photomask's Construction In Progress of ¥1,294 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Construction In Progress depends on the Hardware 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 Shenzhen Qingyi Photomask and its competitors. Shenzhen Qingyi Photomask's current Construction In Progress is ¥1,294 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Qingyi Photomask stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Qingyi Photomask (SHSE:688138) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.82, compared to a current price of ¥42.39 — trading 37.5% above its estimated fair value. The current Construction In Progress is ¥1,294 Mil. Shenzhen Qingyi Photomask's overall GF Score™ is 86/100 with 9 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 Shenzhen Qingyi Photomask (SHSE:688138), the current Construction In Progress is ¥1,294 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 Shenzhen Qingyi Photomask (SHSE:688138) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Qingyi Photomask stock appears to be overvalued. The current stock price of ¥42.39 is trading 37.5% above its estimated GF Value™ of ¥30.82. GuruFocus considers Shenzhen Qingyi Photomask to be Significantly Overvalued.

Key valuation signals for SHSE:688138:

  • Construction In Progress: ¥1,294 Mil
  • GF Value™: ¥30.82 vs. price of ¥42.39 (37.5% above fair value)
  • GF Score™: 86/100 with 9 warning signs

No single metric tells the full story. See the SHSE:688138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shenzhen Qingyi Photomask Business Description

Address Road Langshang two, North of High-tech Park, Building QingYi Photoelectric, Shenzhen, CHN
Shenzhen Qingyi Photomask Ltd is a manufacturer of high precision mask that integrates research, design, production and sales with the technology in China. Its products include TFT, color STN, STN and TNLCD chrome plate mask, EL, OLED chrome plate mask; PDP, VFD chrome plate mask, and IC capsulation, HDI, including chrome plate mask and dry mask, such as BGA, CSP, and BUMPING.
86GF Score

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

¥42.39
Price
¥30.82
GF Value