Xinlun New Materials Co (SZSE:002341) Retained Earnings : ¥-4,308.3 Mil (As of Mar. 2024)

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What is Xinlun New Materials Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Xinlun New Materials Co's retained earnings for the quarter that ended in Mar. 2024 was ¥-4,308.3 Mil.

Xinlun New Materials Co's quarterly retained earnings declined from Sep. 2023 (¥-3,603.7 Mil) to Dec. 2023 (¥-4,227.8 Mil) and declined from Dec. 2023 (¥-4,227.8 Mil) to Mar. 2024 (¥-4,308.3 Mil).

Xinlun New Materials Co's annual retained earnings declined from Dec. 2021 (¥-2,047.7 Mil) to Dec. 2022 (¥-3,280.6 Mil) and declined from Dec. 2022 (¥-3,280.6 Mil) to Dec. 2023 (¥-4,227.8 Mil).

Xinlun New Materials Co Retained Earnings Historical Data

The historical data trend for Xinlun New Materials 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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Xinlun New Materials Co Retained Earnings Chart

Xinlun New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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510.07

-779.50

-2,047.69

-3,280.60

-4,227.77

Xinlun New Materials Co 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															-3,375.02	-3,527.58	-3,603.75	-4,227.77	-4,308.33

Xinlun New Materials 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.

Xinlun New Materials Co (SZSE:002341) 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.

Xinlun New Materials Co (SZSE:002341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinlun New Materials Co Ltd (SZSE:002341) » Definitions » Retained Earnings

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Address

No. 24 Futian Road, Futian Street, 32nd Floor, Coastal Huanqing Building, Weizhen Community, Futian District, Guangdong Province, Shenzhen, CHN, 518052

Website

http://www.szselen.com

Xinlun New Materials Co Ltd engages in the research, development, manufacture, and sale of new materials. It offers double-sided tapes, optical tapes, protective films, functional tapes, TAC products, graphite sheets, aluminum-plastic composite films. The company also provides electronic/pharmaceutical/food industry clean-room engineering design, construction, and maintenance integrated solution; ultra clean products research, production, and sales integration services.

Executives

Li Jing Bin	Directors, executives
Liao Yao	Directors, executives
Shi Dong Yi Yuan	Directors, executives
Li Hong Liang	Executives
Li Hong Liu	Directors, Directors, and Executives
Yang Dong	Executives
Chen De Sheng	Executives
Wang Feng De	Directors, executives
Ruan Zheng	Securities Affairs Representative
Fu Bo	Directors, executives
Hou Yi	Director
Hou Hai Feng	Executives
Hou Fei	Supervisors
Zhang Yuan	Director
Zhang Qiang	Director

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