Kingkey Financial International (Holdings) (HKSE:01468) Retained Earnings : HK$-1,421.9 Mil (As of Sep. 2023)

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What is Kingkey Financial International (Holdings) Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kingkey Financial International (Holdings)'s retained earnings for the quarter that ended in Sep. 2023 was HK$-1,421.9 Mil.

Kingkey Financial International (Holdings)'s quarterly retained earnings declined from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$-1,498.6 Mil) but then increased from Mar. 2023 (HK$-1,498.6 Mil) to Sep. 2023 (HK$-1,421.9 Mil).

Kingkey Financial International (Holdings)'s annual retained earnings declined from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$-340.1 Mil) and declined from Mar. 2022 (HK$-340.1 Mil) to Mar. 2023 (HK$-1,498.6 Mil).

Kingkey Financial International (Holdings) Retained Earnings Historical Data

The historical data trend for Kingkey Financial International (Holdings)'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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Kingkey Financial International (Holdings) Retained Earnings Chart

Kingkey Financial International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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-192.77

-263.28

-340.13

-1,498.58

Kingkey Financial International (Holdings) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-280.36	-340.13	-	-1,498.58	-1,421.90

Kingkey Financial International (Holdings) 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.

Kingkey Financial International (Holdings) (HKSE:01468) 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.

Kingkey Financial International (Holdings) (HKSE:01468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kingkey Financial International (Holdings) Ltd (HKSE:01468) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

8 Hok Cheung Street, Hunghom, 902, Harbour Centre, Tower 2, Kowloon, Hong Kong, HKG

Website

https://www.kkgroup.com.hk

Kingkey Financial International (Holdings) Ltd is engaged in the trade of fur skins, fur skins brokerage, mink farming, provision of securities brokerage services, and provision of wealth management services. The operating segments are Securities which involves the operation of securities brokerage, margin financing, underwriting, placing and consultancy services; Insurance brokerage which includes the provision of insurance brokerage and wealth management services; Fur comprising the provision of breeding, farming and sale of livestock and pelted skin, fur skin brokerage and financing services, Asset Management engaged in provision and arrangement of fund management services and assets management services, and Money lending engaged in provision and arrangement of money lending services.

Executives

Kingkey Holdings (international) Limited	2101 Beneficial owner
Chen Jiajun	2201 Interest of corporation controlled by you
Great Return Group Limited	2101 Beneficial owner
East Treasure Enterprises Corporation	2201 Interest of corporation controlled by you
Fong Chu Pong	2201 Interest of corporation controlled by you
Eternity Star Development Limited	2201 Interest of corporation controlled by you
Renhe Holdings Limited	2201 Interest of corporation controlled by you
Chen Jiajun	2201 Interest of corporation controlled by you
Chang Tat Joel	2201 Interest of corporation controlled by you
Lee Cho Man Joe	2201 Interest of corporation controlled by you

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