Sinosoft Co (SHSE:603927) Retained Earnings : ¥1,996 Mil (As of Mar. 2024)

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What is Sinosoft Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sinosoft Co's retained earnings for the quarter that ended in Mar. 2024 was ¥1,996 Mil.

Sinosoft Co's quarterly retained earnings increased from Sep. 2023 (¥1,686 Mil) to Dec. 2023 (¥1,970 Mil) and increased from Dec. 2023 (¥1,970 Mil) to Mar. 2024 (¥1,996 Mil).

Sinosoft Co's annual retained earnings increased from Dec. 2021 (¥1,343 Mil) to Dec. 2022 (¥1,642 Mil) and increased from Dec. 2022 (¥1,642 Mil) to Dec. 2023 (¥1,970 Mil).

Sinosoft Co Retained Earnings Historical Data

The historical data trend for Sinosoft 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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Sinosoft Co Retained Earnings Chart

Sinosoft Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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803.99

1,049.58

1,342.66

1,642.25

1,970.49

Sinosoft Co 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															1,665.29	1,525.19	1,685.82	1,970.49	1,996.36

Sinosoft 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.

Sinosoft Co (SHSE:603927) 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.

Sinosoft Co (SHSE:603927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Co Ltd (SHSE:603927) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

Building 6, Xinkexiangyuan,, Zhongguancun, Haidian District, Beijing, CHN, 100190

Website

http://www.sinosoft.com.cn

Sinosoft Co Ltd operates as a software developer and solutions provider. The companies software is actively used in many industries such as medical, energy, civil aviation, government and others. Further, it provides overall planning, technical support, supervision, training and consulting services.

Executives

Sun Xi Jie	Directors, senior managers
Xie Zhong Yang	senior management
Cai Hong	senior management
Wang Xin	senior management
Sun Jing	senior management
Xing Li	Directors, senior managers
Zhang Zhi Hua	senior management
Zuo Chun	Directors, senior managers
Wang Wan Cheng	senior management
Zhang Wei	Directors, senior managers
Zhang Tian Ban	Supervisors
Liang Geng	Director
Zhong Hua	Director

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