Hongli Group (Hongli Group) Construction In Progress : $1.09 Mil (As of Dec. 2023)

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What is Hongli Group Construction In Progress?

Hongli Group's quarterly construction in progress declined from Dec. 2022 ($1.06 Mil) to Jun. 2023 ($0.00 Mil) but then increased from Jun. 2023 ($0.00 Mil) to Dec. 2023 ($1.09 Mil).

Hongli Group's annual construction in progress increased from Dec. 2021 ($0.57 Mil) to Dec. 2022 ($1.06 Mil) and increased from Dec. 2022 ($1.06 Mil) to Dec. 2023 ($1.09 Mil).

Hongli Group Construction In Progress Historical Data

The historical data trend for Hongli Group'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.

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Hongli Group Construction In Progress Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

0.57

1.06

1.09

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial				0.57	1.09	1.06	-	1.09

Hongli Group 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.

Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

Hongli Group (Hongli Group) Headlines

From GuruFocus

Hongli Group Inc. Announces the Exercise of the Underwriter's Over-Allotment Option

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Hongli Group Inc. Announces Pricing of Initial Public Offering

By sperokesalga sperokesalga • 03-29-2023