Yixin Group (HKSE:02858) Retained Earnings : HK$-22,422 Mil (As of Dec. 2023)

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What is Yixin Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Yixin Group's retained earnings for the quarter that ended in Dec. 2023 was HK$-22,422 Mil.

Yixin Group's quarterly retained earnings increased from Dec. 2022 (HK$-23,399 Mil) to Jun. 2023 (HK$-22,627 Mil) and increased from Jun. 2023 (HK$-22,627 Mil) to Dec. 2023 (HK$-22,422 Mil).

Yixin Group's annual retained earnings increased from Dec. 2021 (HK$-26,088 Mil) to Dec. 2022 (HK$-23,399 Mil) and increased from Dec. 2022 (HK$-23,399 Mil) to Dec. 2023 (HK$-22,422 Mil).

Yixin Group Retained Earnings Historical Data

The historical data trend for Yixin 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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Yixin Group Retained Earnings Chart

Yixin Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-22,442.69

-25,278.66

-26,087.84

-23,399.39

-22,422.23

Yixin Group Semi-Annual Data
	Dec14	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													-26,087.84	-24,828.98	-23,399.39	-22,627.46	-22,422.23

Yixin 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.

Yixin Group (HKSE:02858) 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.

Yixin Group (HKSE:02858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yixin Group Ltd (HKSE:02858) » Definitions » Retained Earnings

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1YX:Germany

Address

No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN

Website

http://www.yixincars.com

Yixin Group Ltd is an online automobile retail transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation and value-added services, and advertising and subscription services. Self-operated financing segment comprises financing lease services and operating lease services. The company generates a majority of its revenue from the Self-operated financing business.

Executives

Zhang Xuan	2101 Beneficial owner
Jd.com Investment Limited	2201 Interest of corporation controlled by you
Jd.com, Inc.	2201 Interest of corporation controlled by you
Liu Qiangdong Richard	2305 Beneficiary of a trust
Max Smart Limited	2201 Interest of corporation controlled by you
Jd Financial Investment Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Tsang Ling Kay Rodney	2501 Other
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Hammer Capital Opportunities Fund L.p.	2201 Interest of corporation controlled by you
Cheung Siu Fai	2201 Interest of corporation controlled by you
Cheng Chi Kong	2201 Interest of corporation controlled by you
Woodbury Capital Management Limited	2201 Interest of corporation controlled by you
Silver Oryx Limited	2201 Interest of corporation controlled by you
Hammer Capital Partners Ltd.	2201 Interest of corporation controlled by you

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