Jinshang Bank Co (HKSE:02558) Retained Earnings : HK$4,140 Mil (As of Dec. 2023)

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What is Jinshang Bank Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Jinshang Bank Co's retained earnings for the quarter that ended in Dec. 2023 was HK$4,140 Mil.

Jinshang Bank Co's quarterly retained earnings increased from Dec. 2022 (HK$3,615 Mil) to Jun. 2023 (HK$3,832 Mil) and increased from Jun. 2023 (HK$3,832 Mil) to Dec. 2023 (HK$4,140 Mil).

Jinshang Bank Co's annual retained earnings increased from Dec. 2021 (HK$3,364 Mil) to Dec. 2022 (HK$3,615 Mil) and increased from Dec. 2022 (HK$3,615 Mil) to Dec. 2023 (HK$4,140 Mil).

Jinshang Bank Co Retained Earnings Historical Data

The historical data trend for Jinshang Bank 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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Jinshang Bank Co Retained Earnings Chart

Jinshang Bank Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,579.64

2,568.61

3,364.34

3,614.70

4,140.28

Jinshang Bank Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial									3,364.34	3,676.03	3,614.70	3,831.57	4,140.28

Jinshang Bank 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.

Jinshang Bank Co (HKSE:02558) 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.

Jinshang Bank Co (HKSE:02558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jinshang Bank Co Ltd (HKSE:02558) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

No. 59 Changfeng Street, Xiaodian District, Shanxi Province, Taiyuan, CHN, 030000

Website

https://www.jshbank.com

Jinshang Bank Co Ltd operates as a commercial bank. It offers deposits, loans, credit card, and other banking services. The bank's operating segments are Corporate banking, Retail banking, Treasury business, and others segment. It generates a majority of its revenue from the corporate banking segment which is engaged in the provision of a range of financial products and services to corporations, government agencies, and financial institutions. These products and services include corporate loans and advances, trade financing, deposit-taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services and guarantee services among others.

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