EPOW (Sunrise New Energy Co) Retained Earnings : $-34.92 Mil (As of Jun. 2024)

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What is Sunrise New Energy Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sunrise New Energy Co's retained earnings for the quarter that ended in Jun. 2024 was $-34.92 Mil.

Sunrise New Energy Co's quarterly retained earnings declined from Jun. 2023 ($-10.94 Mil) to Dec. 2023 ($-30.47 Mil) and declined from Dec. 2023 ($-30.47 Mil) to Jun. 2024 ($-34.92 Mil).

Sunrise New Energy Co's annual retained earnings declined from Dec. 2021 ($17.26 Mil) to Dec. 2022 ($-6.23 Mil) and declined from Dec. 2022 ($-6.23 Mil) to Dec. 2023 ($-30.47 Mil).

Sunrise New Energy Co Retained Earnings Historical Data

The historical data trend for Sunrise New Energy 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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Sunrise New Energy Co Retained Earnings Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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14.41

25.66

17.26

-6.23

-30.47

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial									9.71	-6.23	-10.94	-30.47	-34.92

Sunrise New Energy 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.

Sunrise New Energy Co (NAS:EPOW) 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.

Sunrise New Energy Co Business Description

Industry

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Address

No. 69 Sanying Road, Zibo Science and Technology Industrial Entrepreneurship Park, Room 703, West Zone, R&D Building, Zhangdian District, Shandong Province, Zibo City, CHN

Website

https://www.sunrisenewenergy.com

Sunrise New Energy Co Ltd is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company's joint venture is into the construction of a manufacturing plant in Guizhou Province. The plant runs on inexpensive electricity from renewable sources that enables the group to be a low-cost and low environmental impact producer of graphite anode material, Its products include GS-1, GS-2, GS-3, GZD-1, GLD-1, and GZ-1.