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Future Bright Mining Holdings (HKSE:02212) Net Income : HK$-21.4 Mil (TTM As of Jun. 2024)


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What is Future Bright Mining Holdings Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Future Bright Mining Holdings's Net Income for the six months ended in Jun. 2024 was HK$-10.5 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-21.4 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Future Bright Mining Holdings's Earnings per Share (Diluted) for the six months ended in Jun. 2024 was HK$-0.01.


Future Bright Mining Holdings Net Income Historical Data

The historical data trend for Future Bright Mining Holdings's Net Income 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.

Future Bright Mining Holdings Net Income Chart

Future Bright Mining Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -20.94 -13.94 -3.05 -9.90 -21.44

Future Bright Mining Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Net Income 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 -4.69 -5.44 -10.52 -10.92 -10.49

Future Bright Mining Holdings Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Future Bright Mining Holdings's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-23.003+1.29+0+0.271
=-21.4

Future Bright Mining Holdings's Net Income for the quarter that ended in Jun. 2024 is calculated as

Net Income(Q: Jun. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-10.639+0.185+0+-0.034000000000001
=-10.5

Net Income for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-21.4 Mil.

* 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.


Future Bright Mining Holdings  (HKSE:02212) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Future Bright Mining Holdings's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2024 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Future Bright Mining Holdings Net Income Related Terms

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Future Bright Mining Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 207 Shuijing Avenue, Chengguan Town, Nanzhang County, Hubei Province, Xiangyang, CHN
Future Bright Mining Holdings Ltd is a marble mining company. It has been focusing on developing the Yiduoyan Project, which is an open-pit mine located in the Hubei Province of the PRC. The company operates in two segments, namely the Marble Block segment, which supplies marble blocks mainly for further processing, construction, or trading; and the Commodity Trading segment, which conducts the trading business of commodities. It derives revenue from the Commodity trading segment. All of its revenue is derived from Mainland China.
Executives
Sun Hailong 2101 Beneficial owner
Zhang Caihong 2202 Interest of your spouse
Zhong Ke Jiu Tai Resources Use Technology Holdings Company Limited 2201 Interest of corporation controlled by you
Zhong Ke Jiu Tai Technology Group Limited 2101 Beneficial owner
Li Yuguo 2201 Interest of corporation controlled by you
Ge Limin 2101 Beneficial owner

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