DeTai New Energy Group (HKSE:00559) Retained Earnings : HK$-1,684.49 Mil (As of Dec. 2023)

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What is DeTai New Energy Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. DeTai New Energy Group's retained earnings for the quarter that ended in Dec. 2023 was HK$-1,684.49 Mil.

DeTai New Energy Group's quarterly retained earnings declined from Dec. 2022 (HK$-1,607.85 Mil) to Jun. 2023 (HK$-1,629.94 Mil) and declined from Jun. 2023 (HK$-1,629.94 Mil) to Dec. 2023 (HK$-1,684.49 Mil).

DeTai New Energy Group's annual retained earnings declined from Jun. 2021 (HK$0.00 Mil) to Jun. 2022 (HK$-1,560.11 Mil) and declined from Jun. 2022 (HK$-1,560.11 Mil) to Jun. 2023 (HK$-1,629.94 Mil).

DeTai New Energy Group Retained Earnings Historical Data

The historical data trend for DeTai New Energy 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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DeTai New Energy Group Retained Earnings Chart

DeTai New Energy Group Annual Data

Trend

Jun14

Jun15

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Jun18

Jun19

Jun20

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Jun23

Retained Earnings

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-1,560.11

-1,629.94

DeTai New Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-	-1,560.11	-1,607.85	-1,629.94	-1,684.49

DeTai New Energy 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.

DeTai New Energy Group (HKSE:00559) 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.

DeTai New Energy Group (HKSE:00559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DeTai New Energy Group Ltd (HKSE:00559) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

110–116 Queen’s Road Central, Room 905, 9th Floor, Wings Building, Wan Chai, Hong Kong, HKG

Website

https://www.detai-group.com

DeTai New Energy Group Ltd is an investment holding company. The company's operating segment includes the Hotel hospitality business; Money lending services; trading and distribution of liquor and win; and investments in listed securities and funds. It generates maximum revenue from the Hotel hospitality business segment. Geographically, it derives a majority of its revenue from Japan and also has a presence in Hong Kong; and China.

Executives

Tong Liang

2101 Beneficial owner

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