CSI Solar Co (SHSE:688472) Construction In Progress: ¥7,121 Mil (As of Mar. 2026)

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SHSE:688472 CSI Solar Co Ltd SHSE:688472
83 GF Score
Price ¥9.30
GF Value ¥9.09
Valuation Fairly Valued
! 7 Warning Signs
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What is CSI Solar Co Construction In Progress?

CSI Solar Co SHSE:688472 -5.30% 83 Construction In Progress is ¥7,121 Mil as of Mar. 2026. GuruFocus rates SHSE:688472 with a GF Score™ of 83/100 and a GF Value™ of ¥9.09 (Fairly Valued). The stock has 7 warning signs investors should review.

CSI Solar Co's quarterly construction in progress increased from Sep. 2025 (¥6,310 Mil) to Dec. 2025 (¥6,670 Mil) and increased from Dec. 2025 (¥6,670 Mil) to Mar. 2026 (¥7,121 Mil).

CSI Solar Co's annual construction in progress declined from Dec. 2023 (¥4,266 Mil) to Dec. 2024 (¥4,145 Mil) but then increased from Dec. 2024 (¥4,145 Mil) to Dec. 2025 (¥6,670 Mil).

CSI Solar Co Construction In Progress Historical Data

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The historical data trend for CSI Solar 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.

CSI Solar Co Construction In Progress Chart

CSI Solar Co Annual Data
Trend Dec15 Dec16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2,502.57 4,266.42 4,145.42 6,670.20

CSI Solar 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 5,187.76 6,268.80 6,309.59 6,670.20 7,120.97
SHSE:688472
83GF Score
CSI Solar Co Ltd SHSE:688472
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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CSI Solar 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 ¥7,121 Mil mean?
CSI Solar Co (SHSE:688472) has a Construction In Progress of ¥7,121 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on CSI Solar Co and its competitors.
Is CSI Solar Co's Construction In Progress too high?
CSI Solar Co's current Construction In Progress is ¥7,121 Mil. Overall, CSI Solar Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CSI Solar Co's Construction In Progress compare to FSLR and NXT?
CSI Solar Co's Construction In Progress of ¥7,121 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Construction In Progress depends on the Semiconductors 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 CSI Solar Co and its competitors. CSI Solar Co's current Construction In Progress is ¥7,121 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSI Solar Co stock overvalued right now?
Based on GuruFocus' analysis, CSI Solar Co (SHSE:688472) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.09, compared to a current price of ¥9.30 — trading 2.3% above its estimated fair value. The current Construction In Progress is ¥7,121 Mil. CSI Solar Co's overall GF Score™ is 83/100 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 CSI Solar Co (SHSE:688472), the current Construction In Progress is ¥7,121 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 CSI Solar Co (SHSE:688472) Overvalued in 2026?

Based on GuruFocus' analysis, CSI Solar Co stock appears to be overvalued. The current stock price of ¥9.30 is trading 2.3% above its estimated GF Value™ of ¥9.09. GuruFocus considers CSI Solar Co to be Fairly Valued.

Key valuation signals for SHSE:688472:

  • Construction In Progress: ¥7,121 Mil
  • GF Value™: ¥9.09 vs. price of ¥9.30 (2.3% above fair value)
  • GF Score™: 83/100 with 7 warning signs

No single metric tells the full story. See the SHSE:688472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CSI Solar Co Business Description

Address No. 199 Lushan Road, Suzhou High-tech Zone, Jiangsu Province, Suzhou, CHN, 215129
CSI Solar is a leading Chinese solar module producer. The company's products are available in over 160 countries and regions. CSI operates a vertically integrated production process, encompassing solar wafers, cells, and module production.
83GF Score

Get the complete analysis for SHSE:688472

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

¥9.30
Price
¥9.09
GF Value