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Folangsi Co (HKSE:02499) Retained Earnings : HK$298 Mil (As of Dec. 2023)


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What is Folangsi Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Folangsi Co's retained earnings for the quarter that ended in Dec. 2023 was HK$298 Mil.

Folangsi Co's quarterly retained earnings increased from Dec. 2021 (HK$258 Mil) to Dec. 2022 (HK$272 Mil) and increased from Dec. 2022 (HK$272 Mil) to Dec. 2023 (HK$298 Mil).

Folangsi Co's annual retained earnings increased from Dec. 2021 (HK$258 Mil) to Dec. 2022 (HK$272 Mil) and increased from Dec. 2022 (HK$272 Mil) to Dec. 2023 (HK$298 Mil).

Folangsi Co Retained Earnings Historical Data

The historical data trend for Folangsi Co's Retained Earnings 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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Folangsi Co Retained Earnings Chart

Folangsi Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Retained Earnings
190.36 258.27 272.39 297.79

Folangsi Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Retained Earnings 190.36 258.27 272.39 297.79

Folangsi Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Folangsi Co  (HKSE:02499) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Folangsi Co (HKSE:02499) Business Description

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Address
No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440
Website
https://www.fls123.com
Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.
Executives
Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping 2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan 2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner

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