Hunan Gold (SZSE:002155) Retained Earnings : ¥3,571 Mil (As of Mar. 2024)

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What is Hunan Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hunan Gold's retained earnings for the quarter that ended in Mar. 2024 was ¥3,571 Mil.

Hunan Gold's quarterly retained earnings increased from Sep. 2023 (¥3,312 Mil) to Dec. 2023 (¥3,408 Mil) and increased from Dec. 2023 (¥3,408 Mil) to Mar. 2024 (¥3,571 Mil).

Hunan Gold's annual retained earnings increased from Dec. 2021 (¥2,689 Mil) to Dec. 2022 (¥3,050 Mil) and increased from Dec. 2022 (¥3,050 Mil) to Dec. 2023 (¥3,408 Mil).

Hunan Gold Retained Earnings Historical Data

The historical data trend for Hunan Gold'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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Hunan Gold Retained Earnings Chart

Hunan Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,158.94

2,325.85

2,689.16

3,050.42

3,408.23

Hunan Gold 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															3,154.49	3,207.39	3,312.05	3,408.23	3,570.63

Hunan Gold 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.

Hunan Gold (SZSE:002155) 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.

Hunan Gold (SZSE:002155) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hunan Gold Corp Ltd (SZSE:002155) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

Furong Middle Road, 16th Floor, Jinyuan Hotel, Section 2, Yuhua District, Hunan, Changsha, CHN

Website

http://www.hngoldcorp.com

Hunan Gold Corp Ltd is a China-based company engaged in the exploration, mining, smelting, and processing of nonferrous metal. Its main products include gold, pure antimony, antimony oxide, ethylene glycol antimony and tungsten products. Its gold products include gold ingots and gold bars. The company distributes its products in domestic and overseas markets.

Executives

Huang Jian Qi	Executives
Chen Jian Quan	Directors, executives
Chen Fang Bin	Supervisors
Liu Yu Qiang	Independent director
Hu Chun Ming	Supervisors
Chen Gong Rong	Independent director
Chen Ze Lv	Director
Zhang Fan	Directors, executives
Liu Yong	Executives
Li Zhong Ping	Executives
Zhan Fei Qing	Executives
Li Xi Shan	Executives
Cui Wen	Executives
Zhu Ben Yuan	Supervisors
Xie Jian Long	Director

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