CGN Power Co (HKSE:01816) Retained Earnings : HK$48,599 Mil (As of Dec. 2023)

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What is CGN Power Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CGN Power Co's retained earnings for the quarter that ended in Dec. 2023 was HK$48,599 Mil.

CGN Power Co's quarterly retained earnings increased from Jun. 2023 (HK$45,505 Mil) to Sep. 2023 (HK$47,568 Mil) and increased from Sep. 2023 (HK$47,568 Mil) to Dec. 2023 (HK$48,599 Mil).

CGN Power Co's annual retained earnings increased from Dec. 2021 (HK$41,823 Mil) to Dec. 2022 (HK$43,594 Mil) and increased from Dec. 2022 (HK$43,594 Mil) to Dec. 2023 (HK$48,599 Mil).

CGN Power Co Retained Earnings Historical Data

The historical data trend for CGN Power 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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CGN Power Co Retained Earnings Chart

CGN Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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26,336.27

34,365.53

41,823.49

43,593.78

48,598.84

CGN Power Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															43,593.78	45,504.63	47,567.86	48,598.84	-

CGN Power 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.

CGN Power Co (HKSE:01816) 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.

CGN Power Co (HKSE:01816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN Power Co Ltd (HKSE:01816) » Definitions » Retained Earnings

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94C:Germany 003816:China

Address

No. 2002 Shennan Road, 18th Floor, South Tower, CGN Building, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cgnp.com.cn

CGN Power is a major nuclear power producer in China. It operates 26 nuclear power generating units (total installed capacity of 29.4 gigawatts), with 14 units in Guangdong and the rest in Guangxi, Fujian, and Liaoning provinces as of end-2022. CGN is adding capacity of 8.4 gigawatts into its operations over the next five years. State-owned China General Nuclear Power, controls about 58.9% of CGN Power.

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