Lesi Group (HKSE:02540) Retained Earnings : HK$0.0 Mil (As of Jun. 2024)

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What is Lesi Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lesi Group's retained earnings for the quarter that ended in Jun. 2024 was HK$0.0 Mil.

Lesi Group's quarterly retained earnings increased from Sep. 2023 (HK$412.1 Mil) to Dec. 2023 (HK$438.6 Mil) but then declined from Dec. 2023 (HK$438.6 Mil) to Jun. 2024 (HK$0.0 Mil).

Lesi Group's annual retained earnings increased from Dec. 2021 (HK$328.7 Mil) to Dec. 2022 (HK$374.9 Mil) and increased from Dec. 2022 (HK$374.9 Mil) to Dec. 2023 (HK$438.6 Mil).

Lesi Group Retained Earnings Historical Data

The historical data trend for Lesi 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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Lesi Group Retained Earnings Chart

Lesi Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

250.09

328.72

374.94

438.59

Lesi Group Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial			374.94	-	412.10	438.59	-

Lesi 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.

Lesi Group (HKSE:02540) 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.

Lesi Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Lesi Group Ltd (HKSE:02540) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

25/F, Block B, China Railway Construction Plaza, Chaoyang District, Beijing, CHN

Website

https://www.lscx.com.cn

Lesi Group Ltd is a mobile advertising service provider in the PRC. It mainly provides comprehensive mobile advertising services to customers for marketing their brands, products, and/or services on media platforms. Its services include mobile marketing planning, traffic acquisition, production of ad creatives, ad placements, ad optimization, ad campaign management, and ad distribution.

Executives

Ka Lok Holdings Limited	2101 Beneficial owner
Quartet Yutong Holdings Limited	2201 Interest of corporation controlled by you
Remit Sheng Holdings Limited	2201 Interest of corporation controlled by you
Shu Qing	2202 Interest of your spouse
Yu Canliang	2201 Interest of corporation controlled by you
Zhao Libing	2201 Interest of corporation controlled by you

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