Rayitek Hi-Tech Film Co (SHSE:688323) Construction In Progress: ¥477.7 Mil (As of Mar. 2026)


SHSE:688323 Rayitek Hi-Tech Film Co Ltd SHSE:688323
46 GF Score
Price ¥45.50
GF Value ¥20.75
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Rayitek Hi-Tech Film Co Construction In Progress?

Rayitek Hi-Tech Film Co SHSE:688323 -6.72% 46 Construction In Progress is ¥477.7 Mil as of Mar. 2026. GuruFocus rates SHSE:688323 with a GF Score™ of 46/100 and a GF Value™ of ¥20.75 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Rayitek Hi-Tech Film Co's quarterly construction in progress increased from Sep. 2025 (¥443.2 Mil) to Dec. 2025 (¥454.7 Mil) and increased from Dec. 2025 (¥454.7 Mil) to Mar. 2026 (¥477.7 Mil).

Rayitek Hi-Tech Film Co's annual construction in progress declined from Dec. 2023 (¥987.8 Mil) to Dec. 2024 (¥658.7 Mil) and declined from Dec. 2024 (¥658.7 Mil) to Dec. 2025 (¥454.7 Mil).

Rayitek Hi-Tech Film Co Construction In Progress Historical Data

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The historical data trend for Rayitek Hi-Tech Film 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.

Rayitek Hi-Tech Film Co Construction In Progress Chart

Rayitek Hi-Tech Film Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only 562.03 1,236.40 987.78 658.66 454.72

Rayitek Hi-Tech Film 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 435.72 438.20 443.21 454.72 477.73
SHSE:688323
46GF Score
Rayitek Hi-Tech Film Co Ltd SHSE:688323
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Rayitek Hi-Tech Film 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 ¥477.7 Mil mean?
Rayitek Hi-Tech Film Co (SHSE:688323) has a Construction In Progress of ¥477.7 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Rayitek Hi-Tech Film Co and its competitors.
Is Rayitek Hi-Tech Film Co's Construction In Progress too high?
Rayitek Hi-Tech Film Co's current Construction In Progress is ¥477.7 Mil. Overall, Rayitek Hi-Tech Film Co has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rayitek Hi-Tech Film Co's Construction In Progress compare to APH and GLW?
Rayitek Hi-Tech Film Co's Construction In Progress of ¥477.7 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 Rayitek Hi-Tech Film Co and its competitors. Rayitek Hi-Tech Film Co's current Construction In Progress is ¥477.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rayitek Hi-Tech Film Co stock overvalued right now?
Based on GuruFocus' analysis, Rayitek Hi-Tech Film Co (SHSE:688323) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥20.75, compared to a current price of ¥45.50 — trading 119.3% above its estimated fair value. The current Construction In Progress is ¥477.7 Mil. Rayitek Hi-Tech Film Co's overall GF Score™ is 46/100 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 Rayitek Hi-Tech Film Co (SHSE:688323), the current Construction In Progress is ¥477.7 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 Rayitek Hi-Tech Film Co (SHSE:688323) Overvalued in 2026?

Based on GuruFocus' analysis, Rayitek Hi-Tech Film Co stock appears to be overvalued. The current stock price of ¥45.50 is trading 119.3% above its estimated GF Value™ of ¥20.75. GuruFocus considers Rayitek Hi-Tech Film Co to be Significantly Overvalued.

Key valuation signals for SHSE:688323:

  • Construction In Progress: ¥477.7 Mil
  • GF Value™: ¥20.75 vs. price of ¥45.50 (119.3% above fair value)
  • GF Score™: 46/100 with 5 warning signs

No single metric tells the full story. See the SHSE:688323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Rayitek Hi-Tech Film Co Business Description

Address Huamei Industrial Park, Songgang Subdistrict Office, Baoan District, Shenzhen, CHN, 518105
Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.
46GF Score

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

¥45.50
Price
¥20.75
GF Value