GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Construction Bank Corp (OTCPK:CICHY) » Definitions » Retained Earnings

China Construction Bank (China Construction Bank) Retained Earnings : $234,504 Mil (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is China Construction Bank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. China Construction Bank's retained earnings for the quarter that ended in Dec. 2023 was $234,504 Mil.

China Construction Bank's quarterly retained earnings increased from Jun. 2023 ($223,402 Mil) to Sep. 2023 ($231,106 Mil) and increased from Sep. 2023 ($231,106 Mil) to Dec. 2023 ($234,504 Mil).

China Construction Bank's annual retained earnings increased from Dec. 2021 ($218,987 Mil) to Dec. 2022 ($219,473 Mil) and increased from Dec. 2022 ($219,473 Mil) to Dec. 2023 ($234,504 Mil).


China Construction Bank Retained Earnings Historical Data

The historical data trend for China Construction Bank'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.

* Premium members only.

China Construction Bank Retained Earnings Chart

China Construction Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 159,192.58 189,514.93 218,987.49 219,473.30 234,503.94

China Construction Bank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings 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 219,473.30 234,898.20 223,402.27 231,105.52 234,503.94

China Construction Bank 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.


China Construction Bank  (OTCPK:CICHY) 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.


China Construction Bank (China Construction Bank) Business Description

Address
No. 25, Finance Street, Xicheng District, Beijing, CHN, 100033
As one of the big four banks, China Construction Bank is headquartered in Beijing. The bank went public on the Hong Kong Stock Exchange in 2005 and listed shares in mainland China in 2007. Central Huijin Investment, China's sovereign wealth fund manager is the largest shareholder with a 57% share. Fullerton Financial Holdings (a subsidiary of Temasek) is the company's second-largest shareholder with a 4.99% stake. CCB strives to provide customers with comprehensive financial services. Corporate banking, retail banking, and wholesale banking business segments accounted for 36%, 57%, and 7% of profit before tax, respectively, in 2022.