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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Irico Group New Energy Co's retained earnings for the quarter that ended in Dec. 2025 was HK$-3,848 Mil.
Irico Group New Energy Co's quarterly retained earnings
declined
from Dec. 2024 (HK$-3,121 Mil) to Jun. 2025 (HK$-3,518 Mil) and
declined
from Jun. 2025 (HK$-3,518 Mil) to Dec. 2025 (HK$-3,848 Mil).
Irico Group New Energy Co's annual retained earnings
declined
from Dec. 2023 (HK$-2,786 Mil) to Dec. 2024 (HK$-3,121 Mil) and
declined
from Dec. 2024 (HK$-3,121 Mil) to Dec. 2025 (HK$-3,848 Mil).
Irico Group New Energy Co (HKSE:00438) 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.
Irico Group New Energy Co Retained Earnings Historical Data
* 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.
Irico Group 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.
What does a Retained Earnings of HK$-3,848 Mil mean?
Irico Group New Energy Co (HKSE:00438) has a Retained Earnings of HK$-3,848 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Irico Group New Energy Co and its competitors.
Is Irico Group New Energy Co's Retained Earnings too high?
Irico Group New Energy Co's current Retained Earnings is HK$-3,848 Mil. Overall, Irico Group New Energy Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Irico Group New Energy Co's Retained Earnings compare to FSLR and NXT?
Irico Group New Energy Co's Retained Earnings of HK$-3,848 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Semiconductors company?
A good Retained Earnings depends on the Semiconductors industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Irico Group New Energy Co and its competitors. Irico Group New Energy Co's current Retained Earnings is HK$-3,848 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Irico Group New Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Irico Group New Energy Co (HKSE:00438) is currently considered Possible Value Trap. The stock's GF Value™ is HK$2.80, compared to a current price of HK$1.25 — trading 55.5% below its estimated fair value. The current Retained Earnings is HK$-3,848 Mil. Irico Group New Energy Co's overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Irico Group New Energy Co (HKSE:00438), the current Retained Earnings is HK$-3,848 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Irico Group New Energy Co (HKSE:00438) Overvalued in 2026?
Based on GuruFocus' analysis, Irico Group New Energy Co stock appears to be undervalued.
The current stock price of HK$1.25 is trading 55.5% below its estimated GF Value™ of HK$2.80.
GuruFocus considers Irico Group New Energy Co to be Possible Value Trap.
Key valuation signals for HKSE:00438:
Retained Earnings: HK$-3,848 Mil
GF Value™: HK$2.80 vs. price of HK$1.25 (55.5% below fair value)
No single metric tells the full story. See the HKSE:00438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. Along with its subsidiaries, it produces and sells solar photovoltaic glass, solar photovoltaic modules, and back glass, which is applied to solar cell module packaging. Its geographical segments are: The People's Republic of China (excluding Hong Kong), and Other countries, of which the majority of the revenue comes from China.
49GF Score
Get the complete analysis for HKSE:00438
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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