Huili Resources (Group) (HKSE:01303) Retained Earnings : HK$-98 Mil (As of Dec. 2023)

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What is Huili Resources (Group) Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Huili Resources (Group)'s retained earnings for the quarter that ended in Dec. 2023 was HK$-98 Mil.

Huili Resources (Group)'s quarterly retained earnings increased from Dec. 2022 (HK$-262 Mil) to Jun. 2023 (HK$-172 Mil) and increased from Jun. 2023 (HK$-172 Mil) to Dec. 2023 (HK$-98 Mil).

Huili Resources (Group)'s annual retained earnings increased from Dec. 2021 (HK$-493 Mil) to Dec. 2022 (HK$-262 Mil) and increased from Dec. 2022 (HK$-262 Mil) to Dec. 2023 (HK$-98 Mil).

Huili Resources (Group) Retained Earnings Historical Data

The historical data trend for Huili Resources (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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Huili Resources (Group) Retained Earnings Chart

Huili Resources (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-408.31

-455.84

-492.51

-262.30

-98.17

Huili Resources (Group) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-492.51	-447.20	-262.30	-171.53	-98.17

Huili Resources (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.

Huili Resources (Group) (HKSE:01303) 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.

Huili Resources (Group) (HKSE:01303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Huili Resources (Group) Ltd (HKSE:01303) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

Unit no.4, 23rd Floor, Overseas Trust Bank Building, No. 160 Gloucester Road, Hong Kong, HKG

Website

http://www.huili.hk

Huili Resources (Group) Ltd is an investment holding company, engaged in the mining, ore processing and sales of gold, nickel, copper, lead and zinc products, trading of materials for oil and gas exploration and coals, and financial services in the People's Republic of China. It operates through three business segments namely Mining, Financial service, and Coal business. The company derives the majority of its revenue from the Coal business segment which involve trading in coal.

Executives

Sky Circle International Limited	2101 Beneficial owner
Prosper Union Holdings Limited	2101 Beneficial owner
Bong Chin Chung	2101 Beneficial owner
Feng Yuantao	2101 Beneficial owner
Lai Long Wai	2201 Interest of corporation controlled by you
China Clean Energy Technology Limited	2101 Beneficial owner
Ye Xin	2201 Interest of corporation controlled by you
Cui Yazhou	2201 Interest of corporation controlled by you
China Asset Management (hong Kong) Limited	2102 Investment manager
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si
Pine Success International Holdings Limited	2101 Beneficial owner
Cao Jianwei	2201 Interest of corporation controlled by you
Gao Miao Miao	2201 Interest of corporation controlled by you
Legend Vantage Limited	2101 Beneficial owner

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