CMOC Group (HKSE:03993) Retained Earnings : HK$28,298 Mil (As of Mar. 2024)

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What is CMOC Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CMOC Group's retained earnings for the quarter that ended in Mar. 2024 was HK$28,298 Mil.

CMOC Group's quarterly retained earnings increased from Sep. 2023 (HK$19,998 Mil) to Dec. 2023 (HK$26,226 Mil) and increased from Dec. 2023 (HK$26,226 Mil) to Mar. 2024 (HK$28,298 Mil).

CMOC Group's annual retained earnings increased from Dec. 2021 (HK$16,773 Mil) to Dec. 2022 (HK$20,123 Mil) and increased from Dec. 2022 (HK$20,123 Mil) to Dec. 2023 (HK$26,226 Mil).

CMOC Group Retained Earnings Historical Data

The historical data trend for CMOC Group'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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CMOC Group Retained Earnings Chart

CMOC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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8,992.80

11,229.41

16,773.13

20,123.08

26,226.33

CMOC Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															20,885.77	18,487.96	19,998.22	26,226.33	28,297.52

CMOC Group 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.

CMOC Group (HKSE:03993) 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.

CMOC Group (HKSE:03993) Business Description

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CMCLF:USA D7N:Germany 603993:China

Address

North of Yihe, Huamei Shan Road, Chengdong New District, Luanchuan County, Henan Province, Luoyang, CHN, 471500

Website

https://www.cmoc.com

CMOC Group Ltd is engaged in the mining and processing smelting, deep processing, trade, research, and development of molybdenum, tungsten, copper, gold, and other precious and base metals. The company has both upstream and downstream operations including molybdenum mining, processing, roasting, molybdenum chemical products, and molybdenum metal processing. The company has operating segments, namely Molybdenum Tungsten-related products, Copper and gold-related products, Niobium and Phosphorus-related products, Copper and Cobalt-related products, metal trading, and others. It derives a majority of its revenue from China.

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