Hongbo Co (SZSE:002229) Retained Earnings : ¥130.5 Mil (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Hongbo Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hongbo Co's retained earnings for the quarter that ended in Mar. 2024 was ¥130.5 Mil.

Hongbo Co's quarterly retained earnings declined from Sep. 2023 (¥177.5 Mil) to Dec. 2023 (¥155.5 Mil) and declined from Dec. 2023 (¥155.5 Mil) to Mar. 2024 (¥130.5 Mil).

Hongbo Co's annual retained earnings declined from Dec. 2021 (¥288.4 Mil) to Dec. 2022 (¥210.0 Mil) and declined from Dec. 2022 (¥210.0 Mil) to Dec. 2023 (¥155.5 Mil).

Hongbo Co Retained Earnings Historical Data

The historical data trend for Hongbo 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.

* Premium members only.

Hongbo Co Retained Earnings Chart

Hongbo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

260.99

279.28

288.42

209.99

155.54

Hongbo 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															191.56	178.13	177.52	155.54	130.48

Hongbo 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.

Hongbo Co (SZSE:002229) 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.

Hongbo Co (SZSE:002229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hongbo Co Ltd (SZSE:002229) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136 Jinda Road, Jinshan Development Zone, Fujian Province, Fuzhou, CHN, 350002

Website

http://www.hb-print.com.cn

Hongbo Co Ltd is a China-based company engaged in the security printing business. It is involved in the printing of commercial bills in China. The company's main products are heat-sensitive paper tickets, general paper tickets and paper packaging products for office use. In addition, the company is also involved in the other businesses such as the Lottery industry, Security printing, Packaging industry, Color printing industry, Internet of things industry, and Business and interactive entertainment industry.

Executives

You You Luan	Directors, executives
He Ai Ping	Supervisors
Chen Xian Zhang	Secretary Dong
Zhou Mei Mei	Directors, executives
You Li Juan	Director
You Yu Xian	Director
Xie You Jun	Supervisors
Guo Bin	Executives
Wang Wen Jing	Supervisors
Yang You Lin	Director
Liu Yuan Hai	Supervisors
Zhang Jian Jun	Executives

Hongbo Co (SZSE:002229) Headlines

No Headlines