Daqin Railway Co (SHSE:601006) Construction In Progress : ¥2,586 Mil (As of Mar. 2024)

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What is Daqin Railway Co Construction In Progress?

Daqin Railway Co's quarterly construction in progress declined from Sep. 2023 (¥3,386 Mil) to Dec. 2023 (¥1,436 Mil) but then increased from Dec. 2023 (¥1,436 Mil) to Mar. 2024 (¥2,586 Mil).

Daqin Railway Co's annual construction in progress increased from Dec. 2021 (¥740 Mil) to Dec. 2022 (¥1,425 Mil) and increased from Dec. 2022 (¥1,425 Mil) to Dec. 2023 (¥1,436 Mil).

Daqin Railway Co Construction In Progress Historical Data

The historical data trend for Daqin Railway 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.

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Daqin Railway Co Construction In Progress Chart

Daqin Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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1,821.46

2,338.98

740.34

1,425.30

1,435.61

Daqin Railway Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															1,956.00	2,719.59	3,385.94	1,435.61	2,586.47

Daqin Railway 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.

Daqin Railway Co (SHSE:601006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Daqin Railway Co Ltd (SHSE:601006) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Zhanbei Street, Shanxi, Datong, CHN, 037005

Website

http://www.daqintielu.com

Daqin Railway is a state-owned rail-transport operator in China. The company's core asset, Daqin Line, and its 41%-owned Shuohuang Line, are China's busiest east-west coal railways. Their combined volume accounts for about one quarter of China's railway coal volume. Coal rail-transport contributes the bulk of Daqin's operating profit. Daqin also hauls other bulk and non-bulk freight and provides passenger rail service.

Executives

Yang Hong Ming

Director

Daqin Railway Co (SHSE:601006) Headlines

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