China Mobile (HKSE:00941) Retained Earnings : HK$1,278,866 Mil (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is China Mobile Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. China Mobile's retained earnings for the quarter that ended in Mar. 2024 was HK$1,278,866 Mil.

China Mobile's quarterly retained earnings declined from Sep. 2023 (HK$1,203,041 Mil) to Dec. 2023 (HK$850,042 Mil) but then increased from Dec. 2023 (HK$850,042 Mil) to Mar. 2024 (HK$1,278,866 Mil).

China Mobile's annual retained earnings declined from Dec. 2021 (HK$1,309,185 Mil) to Dec. 2022 (HK$835,922 Mil) but then increased from Dec. 2022 (HK$835,922 Mil) to Dec. 2023 (HK$850,042 Mil).

China Mobile Retained Earnings Historical Data

The historical data trend for China Mobile'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.

China Mobile Retained Earnings Chart

China Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

1,073,234.75

1,198,276.86

1,309,184.59

835,922.39

850,042.29

China Mobile Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															1,292,972.21	1,246,777.48	1,203,040.68	850,042.29	1,278,865.78

China Mobile 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.

China Mobile (HKSE:00941) 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.

China Mobile (HKSE:00941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Mobile Ltd (HKSE:00941) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

941:Mexico CTM:Germany 600941:China

Address

99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG

Website

https://www.chinamobileltd.com

China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.

China Mobile (HKSE:00941) Headlines

No Headlines