CRRC (SHSE:601766) Retained Earnings : ¥85,575 Mil (As of Mar. 2024)

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What is CRRC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CRRC's retained earnings for the quarter that ended in Mar. 2024 was ¥85,575 Mil.

CRRC's quarterly retained earnings increased from Sep. 2023 (¥79,853 Mil) to Dec. 2023 (¥84,566 Mil) and increased from Dec. 2023 (¥84,566 Mil) to Mar. 2024 (¥85,575 Mil).

CRRC's annual retained earnings increased from Dec. 2021 (¥73,717 Mil) to Dec. 2022 (¥79,441 Mil) and increased from Dec. 2022 (¥79,441 Mil) to Dec. 2023 (¥84,566 Mil).

CRRC Retained Earnings Historical Data

The historical data trend for CRRC'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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CRRC Retained Earnings Chart

CRRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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63,115.16

69,736.84

73,717.16

79,441.38

84,566.38

CRRC 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															80,056.70	77,161.52	79,852.75	84,566.38	85,574.66

CRRC 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.

CRRC (SHSE:601766) 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.

CRRC (SHSE:601766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRRC Corp Ltd (SHSE:601766) » Definitions » Retained Earnings

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CRCCY:USA 01766:Hong Kong C2L:Germany

Address

No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, CHN, 100036

Website

https://www.crrcgc.cc

CRRC Corp Ltd manufactures products which are used for transportation through railroads. Its product portfolio includes rolling stock, rail transit vehicles, engineering machinery, electrical equipment and related parts, and environmental protection products. The company also engages in allied activities like refurbishment, leasing, technical support to clients, investment, and management, as well as import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries.

Executives

Dai De Ming	Director
Zhao Ji Bin	Director
Zhang Jun	Director
Qiu Wei	Supervisors
Wang Yan	Supervisors
Zheng Chang Hong	Director
Tang Ke Lin	Director
Zhao Xiao Gang	Director
Fu Jian Guo	senior management
Chen Yong Kuan	Director
Yang Yu Zhong	Director
Liu Hua Long	Director
Shao Ren Qiang	senior management
Zhan Yan Jing	senior management
Cai Da Wei	Director

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