Changzhou Fusion New Material Co (SHSE:688503) Construction In Progress: ¥11 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:688503 Changzhou Fusion New Material Co Ltd SHSE:688503
90 GF Score
Price ¥73.88
GF Value ¥80.14
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Changzhou Fusion New Material Co Construction In Progress?

Changzhou Fusion New Material Co SHSE:688503 +2.90% 90 Construction In Progress is ¥11 Mil as of Jun. 2026. GuruFocus rates SHSE:688503 with a GF Score™ of 90/100 and a GF Value™ of ¥80.14 (Fairly Valued). The stock has 10 warning signs investors should review.

Changzhou Fusion New Material Co's quarterly construction in progress increased from Dec. 2025 (¥6 Mil) to Mar. 2026 (¥21 Mil) but then declined from Mar. 2026 (¥21 Mil) to Jun. 2026 (¥11 Mil).

Changzhou Fusion New Material Co's annual construction in progress increased from Dec. 2023 (¥43 Mil) to Dec. 2024 (¥123 Mil) but then declined from Dec. 2024 (¥123 Mil) to Dec. 2025 (¥6 Mil).

Changzhou Fusion New Material Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co Construction In Progress Chart

Changzhou Fusion New Material Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 42.60 2.10 43.31 123.41 5.81

Changzhou Fusion New Material Co Quarterly Data
Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 151.52 167.13 5.81 21.00 11.20
SHSE:688503
90GF Score
Changzhou Fusion New Material Co Ltd SHSE:688503
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Changzhou Fusion New Material 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 ¥11 Mil mean?
Changzhou Fusion New Material Co (SHSE:688503) has a Construction In Progress of ¥11 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Changzhou Fusion New Material Co and its competitors.
Is Changzhou Fusion New Material Co's Construction In Progress too high?
Changzhou Fusion New Material Co's current Construction In Progress is ¥11 Mil. Overall, Changzhou Fusion New Material Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Fusion New Material Co's Construction In Progress compare to FSLR and NXT?
Changzhou Fusion New Material Co's Construction In Progress of ¥11 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 Changzhou Fusion New Material Co and its competitors. Changzhou Fusion New Material Co's current Construction In Progress is ¥11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Fusion New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Fusion New Material Co (SHSE:688503) is currently considered Fairly Valued. The stock's GF Value™ is ¥80.14, compared to a current price of ¥73.88 — trading 7.8% below its estimated fair value. The current Construction In Progress is ¥11 Mil. Changzhou Fusion New Material Co's overall GF Score™ is 90/100 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 Changzhou Fusion New Material Co (SHSE:688503), the current Construction In Progress is ¥11 Mil as of Jun. 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 Changzhou Fusion New Material Co (SHSE:688503) Overvalued in 2026?

Based on GuruFocus' analysis, Changzhou Fusion New Material Co stock appears to be undervalued. The current stock price of ¥73.88 is trading 7.8% below its estimated GF Value™ of ¥80.14. GuruFocus considers Changzhou Fusion New Material Co to be Fairly Valued.

Key valuation signals for SHSE:688503:

  • Construction In Progress: ¥11 Mil
  • GF Value™: ¥80.14 vs. price of ¥73.88 (7.8% below fair value)
  • GF Score™: 90/100 with 10 warning signs

No single metric tells the full story. See the SHSE:688503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Changzhou Fusion New Material Co Business Description

Address No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031
Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.
90GF Score

Get the complete analysis for SHSE:688503

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

¥73.88
Price
¥80.14
GF Value