Hangzhou Honghua Digital Technology Stock Co (SHSE:688789) Construction In Progress: ¥347 Mil (As of Mar. 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:688789 Hangzhou Honghua Digital Technology Stock Co Ltd SHSE:688789
87 GF Score
Price ¥46.16
GF Value ¥104.25
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Hangzhou Honghua Digital Technology Stock Co Construction In Progress?

Hangzhou Honghua Digital Technology Stock Co SHSE:688789 +4.55% 87 Construction In Progress is ¥347 Mil as of Mar. 2026. GuruFocus rates SHSE:688789 with a GF Score™ of 87/100 and a GF Value™ of ¥104.25 (Possible Value Trap). The stock has 4 warning signs investors should review.

Hangzhou Honghua Digital Technology Stock Co's quarterly construction in progress increased from Sep. 2025 (¥247 Mil) to Dec. 2025 (¥324 Mil) and increased from Dec. 2025 (¥324 Mil) to Mar. 2026 (¥347 Mil).

Hangzhou Honghua Digital Technology Stock Co's annual construction in progress increased from Dec. 2023 (¥289 Mil) to Dec. 2024 (¥522 Mil) but then declined from Dec. 2024 (¥522 Mil) to Dec. 2025 (¥324 Mil).

Hangzhou Honghua Digital Technology Stock Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Hangzhou Honghua Digital Technology Stock 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.

Hangzhou Honghua Digital Technology Stock Co Construction In Progress Chart

Hangzhou Honghua Digital Technology Stock Co Annual Data
Trend Dec11 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 132.20 47.40 288.78 521.82 323.69

Hangzhou Honghua Digital Technology Stock 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 167.81 237.74 247.01 323.69 347.05
SHSE:688789
87GF Score
Hangzhou Honghua Digital Technology Stock Co Ltd SHSE:688789
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hangzhou Honghua Digital Technology Stock 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 ¥347 Mil mean?
Hangzhou Honghua Digital Technology Stock Co (SHSE:688789) has a Construction In Progress of ¥347 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Hangzhou Honghua Digital Technology Stock Co and its competitors.
Is Hangzhou Honghua Digital Technology Stock Co's Construction In Progress too high?
Hangzhou Honghua Digital Technology Stock Co's current Construction In Progress is ¥347 Mil. Overall, Hangzhou Honghua Digital Technology Stock Co has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Honghua Digital Technology Stock Co's Construction In Progress compare to GEV and ETN?
Hangzhou Honghua Digital Technology Stock Co's Construction In Progress of ¥347 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 Hangzhou Honghua Digital Technology Stock Co and its competitors. Hangzhou Honghua Digital Technology Stock Co's current Construction In Progress is ¥347 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Honghua Digital Technology Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Honghua Digital Technology Stock Co (SHSE:688789) is currently considered Possible Value Trap. The stock's GF Value™ is ¥104.25, compared to a current price of ¥46.16 — trading 55.7% below its estimated fair value. The current Construction In Progress is ¥347 Mil. Hangzhou Honghua Digital Technology Stock Co's overall GF Score™ is 87/100 with 4 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 Hangzhou Honghua Digital Technology Stock Co (SHSE:688789), the current Construction In Progress is ¥347 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 Hangzhou Honghua Digital Technology Stock Co (SHSE:688789) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou Honghua Digital Technology Stock Co stock appears to be undervalued. The current stock price of ¥46.16 is trading 55.7% below its estimated GF Value™ of ¥104.25. GuruFocus considers Hangzhou Honghua Digital Technology Stock Co to be Possible Value Trap.

Key valuation signals for SHSE:688789:

  • Construction In Progress: ¥347 Mil
  • GF Value™: ¥104.25 vs. price of ¥46.16 (55.7% below fair value)
  • GF Score™: 87/100 with 4 warning signs

No single metric tells the full story. See the SHSE:688789 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hangzhou Honghua Digital Technology Stock Co Business Description

Address No. 3911, Binsheng Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310052
Hangzhou Honghua Digital Technology Stock Co Ltd is committed towards promoting the industrial application and popularization of digital jet printing technology in the textile printing industry.
87GF Score

Get the complete analysis for SHSE:688789

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

¥46.16
Price
¥104.25
GF Value