Hai Kwang Enterprise (TPE:2038) Construction In Progress: NT$19 Mil (As of Dec. 2025)


TPE:2038 Hai Kwang Enterprise Corp TPE:2038
66 GF Score
Price NT$13.20
GF Value NT$15.11
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hai Kwang Enterprise Construction In Progress?

Hai Kwang Enterprise TPE:2038 -0.38% 66 Construction In Progress is NT$19 Mil as of Dec. 2025. GuruFocus rates TPE:2038 with a GF Score™ of 66/100 and a GF Value™ of NT$15.11 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Hai Kwang Enterprise's quarterly construction in progress declined from Jun. 2025 (NT$22 Mil) to Sep. 2025 (NT$18 Mil) but then increased from Sep. 2025 (NT$18 Mil) to Dec. 2025 (NT$19 Mil).

Hai Kwang Enterprise's annual construction in progress increased from Dec. 2023 (NT$0 Mil) to Dec. 2024 (NT$22 Mil) but then declined from Dec. 2024 (NT$22 Mil) to Dec. 2025 (NT$19 Mil).

Hai Kwang Enterprise Construction In Progress Historical Data

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The historical data trend for Hai Kwang Enterprise'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.

Hai Kwang Enterprise Construction In Progress Chart

Hai Kwang Enterprise 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 195.87 49.60 0.09 22.28 19.44

Hai Kwang Enterprise Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 22.28 24.65 22.18 17.81 19.44
TPE:2038
66GF Score
Hai Kwang Enterprise Corp TPE:2038
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Hai Kwang Enterprise 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 NT$19 Mil mean?
Hai Kwang Enterprise (TPE:2038) has a Construction In Progress of NT$19 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Hai Kwang Enterprise and its competitors.
Is Hai Kwang Enterprise's Construction In Progress too high?
Hai Kwang Enterprise's current Construction In Progress is NT$19 Mil. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's Construction In Progress compare to NUE and STLD?
Hai Kwang Enterprise's Construction In Progress of NT$19 Mil can be compared against companies in the Steel 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 Steel company?
A good Construction In Progress depends on the Steel 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 Hai Kwang Enterprise and its competitors. Hai Kwang Enterprise's current Construction In Progress is NT$19 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current Construction In Progress is NT$19 Mil. Hai Kwang Enterprise's overall GF Score™ is 66/100 with 6 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 Hai Kwang Enterprise (TPE:2038), the current Construction In Progress is NT$19 Mil as of Dec. 2025. 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?

Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued. The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.11. GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.

Key valuation signals for TPE:2038:

  • Construction In Progress: NT$19 Mil
  • GF Value™: NT$15.11 vs. price of NT$13.20 (12.6% below fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hai Kwang Enterprise Business Description

Address No. 12, Yanhai 2nd Road, Xiaogang District, Kaohsiung City, TWN
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
66GF Score

Get the complete analysis for TPE:2038

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

NT$13.20
Price
NT$15.11
GF Value