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Beijing Piesat Information Technology Co (SHSE:688066) Construction In Progress : ¥3 Mil (As of Mar. 2024)


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What is Beijing Piesat Information Technology Co Construction In Progress?

Beijing Piesat Information Technology Co's quarterly construction in progress declined from Sep. 2023 (¥6 Mil) to Dec. 2023 (¥4 Mil) and declined from Dec. 2023 (¥4 Mil) to Mar. 2024 (¥3 Mil).

Beijing Piesat Information Technology Co's annual construction in progress increased from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥18 Mil) but then declined from Dec. 2022 (¥18 Mil) to Dec. 2023 (¥4 Mil).


Beijing Piesat Information Technology Co Construction In Progress Historical Data

The historical data trend for Beijing Piesat Information Technology 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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Beijing Piesat Information Technology Co Construction In Progress Chart

Beijing Piesat Information Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial - - 4.68 17.68 4.26

Beijing Piesat Information Technology 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 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 17.15 11.91 5.56 4.26 2.72

Beijing Piesat Information Technology 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.


Beijing Piesat Information Technology Co (SHSE:688066) Business Description

Traded in Other Exchanges
N/A
Address
Xingshikou Road, Room 301, 3rd Floor, Building 5, 4th District, Haidian District, Beijing, CHN, 100195
Beijing Piesat Information Technology Co Ltd is a satellite application service provider in China. It is one of the first platform companies in china to engage in satellite applications and spatiotemporal big data empowerment industries. Its business model of digitization and information services, which is a domestic and internationally advanced smart earth spatio-temporal big data service provider. The company provides a full range of products and services which is based on multi-source remote sensing big data that is developed based on the independent intellectual property PIE-Engine remote sensing cloud service platform.

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