Ninebot (SHSE:689009) Construction In Progress: ¥669 Mil (As of Mar. 2026)

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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.
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SHSE:689009 Ninebot Ltd SHSE:689009
79 GF Score
Price ¥42.40
GF Value ¥87.54
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Ninebot Construction In Progress?

Ninebot SHSE:689009 -0.61% 79 Construction In Progress is ¥669 Mil as of Mar. 2026. GuruFocus rates SHSE:689009 with a GF Score™ of 79/100 and a GF Value™ of ¥87.54 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Ninebot's quarterly construction in progress declined from Sep. 2025 (¥685 Mil) to Dec. 2025 (¥532 Mil) but then increased from Dec. 2025 (¥532 Mil) to Mar. 2026 (¥669 Mil).

Ninebot's annual construction in progress increased from Dec. 2023 (¥143 Mil) to Dec. 2024 (¥351 Mil) and increased from Dec. 2024 (¥351 Mil) to Dec. 2025 (¥532 Mil).

Ninebot Construction In Progress Historical Data

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The historical data trend for Ninebot'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.

Ninebot Construction In Progress Chart

Ninebot 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 77.92 102.40 142.68 351.09 531.68

Ninebot 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 289.61 539.41 685.28 531.68 669.32
SHSE:689009
79GF Score
Ninebot Ltd SHSE:689009
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Ninebot 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 ¥669 Mil mean?
Ninebot (SHSE:689009) has a Construction In Progress of ¥669 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Ninebot and its competitors.
Is Ninebot's Construction In Progress too high?
Ninebot's current Construction In Progress is ¥669 Mil. Overall, Ninebot has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ninebot's Construction In Progress compare to AS and HAS?
Ninebot's Construction In Progress of ¥669 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Construction In Progress depends on the Travel & Leisure 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 Ninebot and its competitors. Ninebot's current Construction In Progress is ¥669 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninebot stock overvalued right now?
Based on GuruFocus' analysis, Ninebot (SHSE:689009) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥87.54, compared to a current price of ¥42.40 — trading 51.6% below its estimated fair value. The current Construction In Progress is ¥669 Mil. Ninebot's overall GF Score™ is 79/100 with 2 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 Ninebot (SHSE:689009), the current Construction In Progress is ¥669 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 Ninebot (SHSE:689009) Overvalued in 2026?

Based on GuruFocus' analysis, Ninebot stock appears to be undervalued. The current stock price of ¥42.40 is trading 51.6% below its estimated GF Value™ of ¥87.54. GuruFocus considers Ninebot to be Significantly Undervalued.

Key valuation signals for SHSE:689009:

  • Construction In Progress: ¥669 Mil
  • GF Value™: ¥87.54 vs. price of ¥42.40 (51.6% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the SHSE:689009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ninebot Business Description

Address 66 Xixiaokou Road, Zhongguancun Dongsheng Science and Technology Park, Building A, Haidian District, Beijing, CHN, 100192
Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting.
79GF Score

Get the complete analysis for SHSE:689009

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

¥42.40
Price
¥87.54
GF Value