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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Shanghai M&G Stationery's retained earnings for the quarter that ended in Jun. 2026 was ¥7,009 Mil.
Shanghai M&G Stationery's quarterly retained earnings
increased
from Dec. 2025 (¥7,339 Mil) to Mar. 2026 (¥7,676 Mil) but then
declined
from Mar. 2026 (¥7,676 Mil) to Jun. 2026 (¥7,009 Mil).
Shanghai M&G Stationery's annual retained earnings
increased
from Dec. 2023 (¥6,287 Mil) to Dec. 2024 (¥6,944 Mil) and
increased
from Dec. 2024 (¥6,944 Mil) to Dec. 2025 (¥7,339 Mil).
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.
Shanghai M&G Stationery Retained Earnings Historical Data
* Premium members only.
The historical data trend for Shanghai M&G Stationery'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.
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.
Shanghai M&G Stationery (SHSE:603899) has a Retained Earnings of ¥7,009 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Shanghai M&G Stationery and its competitors.
Is Shanghai M&G Stationery's Retained Earnings too high?
Shanghai M&G Stationery's current Retained Earnings is ¥7,009 Mil. Overall, Shanghai M&G Stationery has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai M&G Stationery's Retained Earnings compare to competitors?
Shanghai M&G Stationery's Retained Earnings of ¥7,009 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Products company?
A good Retained Earnings depends on the Industrial Products industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Shanghai M&G Stationery and its competitors. Shanghai M&G Stationery's current Retained Earnings is ¥7,009 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai M&G Stationery stock overvalued right now?
Based on GuruFocus' analysis, Shanghai M&G Stationery (SHSE:603899) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥32.17, compared to a current price of ¥21.74 — trading 32.4% below its estimated fair value. The current Retained Earnings is ¥7,009 Mil. Shanghai M&G Stationery's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Shanghai M&G Stationery (SHSE:603899), the current Retained Earnings is ¥7,009 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shanghai M&G Stationery (SHSE:603899) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai M&G Stationery stock appears to be undervalued.
The current stock price of ¥21.74 is trading 32.4% below its estimated GF Value™ of ¥32.17.
GuruFocus considers Shanghai M&G Stationery to be Significantly Undervalued.
Key valuation signals for SHSE:603899:
Retained Earnings: ¥7,009 Mil
GF Value™: ¥32.17 vs. price of ¥21.74 (32.4% below fair value)
No single metric tells the full story. See the SHSE:603899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in two segments: the Office direct sales business and the Traditional core business. The Traditional core business is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationery. The Office direct sales business segment is mainly engaged in providing governments, public institutions, companies, and other small and medium enterprises (SMEs) with a one-stop supplies procurement service.
90GF Score
Get the complete analysis for SHSE:603899
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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