Chongqing Gas Group (SHSE:600917) Retained Earnings : ¥2,266 Mil (As of Mar. 2024)

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What is Chongqing Gas Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Chongqing Gas Group's retained earnings for the quarter that ended in Mar. 2024 was ¥2,266 Mil.

Chongqing Gas Group's quarterly retained earnings increased from Sep. 2023 (¥2,015 Mil) to Dec. 2023 (¥2,317 Mil) but then declined from Dec. 2023 (¥2,317 Mil) to Mar. 2024 (¥2,266 Mil).

Chongqing Gas Group's annual retained earnings increased from Dec. 2021 (¥1,806 Mil) to Dec. 2022 (¥2,049 Mil) and increased from Dec. 2022 (¥2,049 Mil) to Dec. 2023 (¥2,317 Mil).

Chongqing Gas Group Retained Earnings Historical Data

The historical data trend for Chongqing Gas 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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Chongqing Gas Group Retained Earnings Chart

Chongqing Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,306.05

1,520.49

1,805.65

2,048.84

2,317.35

Chongqing Gas Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															1,892.76	1,907.43	2,014.67	2,317.35	2,265.91

Chongqing Gas 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.

Chongqing Gas Group (SHSE:600917) 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.

Chongqing Gas Group (SHSE:600917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Gas Group Corporation Ltd (SHSE:600917) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

Jiangbei District Court, a small village on the 30th, Chongqing, CHN, 400020

Website

http://www.cqgas.cn

Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.

Executives

Wang Song Qiu	Director
Li Jin Yan	senior management
Fu Xiu Ping	senior management
Wu Can Guang	Director
Jiang Ying Hui	senior management
Wang Ji Wu	Director
Wen Xiao Song	senior management

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