NXTT (Next Technology Holding) Retained Earnings : $2.36 Mil (As of Sep. 2024)

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What is Next Technology Holding Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Next Technology Holding's retained earnings for the quarter that ended in Sep. 2024 was $2.36 Mil.

Next Technology Holding's quarterly retained earnings declined from Mar. 2024 ($12.46 Mil) to Jun. 2024 ($1.00 Mil) but then increased from Jun. 2024 ($1.00 Mil) to Sep. 2024 ($2.36 Mil).

Next Technology Holding's annual retained earnings declined from Dec. 2021 ($7.43 Mil) to Dec. 2022 ($-1.72 Mil) and declined from Dec. 2022 ($-1.72 Mil) to Dec. 2023 ($-11.64 Mil).

Next Technology Holding Retained Earnings Historical Data

The historical data trend for Next Technology Holding'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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Next Technology Holding Retained Earnings Chart

Next Technology Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-0.42

2.26

7.43

-1.72

-11.64

Next Technology Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-16.59	-11.64	12.46	1.00	2.36

Next Technology Holding 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.

Next Technology Holding (NAS:NXTT) 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.

Next Technology Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Next Technology Holding Inc (NAS:NXTT) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianhai Premier Finance Centre Unit 2, Room 519, 5th floor, Block T3, Guiwan Area, Nanshan District, Shenzhen, CHN, 100020

Website

https://www.wetradegroup.net

Next Technology Holding Inc pursues two corporate strategies. One business strategy is to continue providing software development services, and the other strategy is to acquire and hold Bitcoin. It provides AI-enabled software development services to its customers, which include developing, designing, and implementing various SAAS software solutions for businesses of all types, including industrial and other businesses. Its bitcoin acquisition strategy generally involves acquiring bitcoin with its liquid assets that exceed working capital requirements, and from time to time, subject to market conditions, issuing debt or equity securities or engaging in other capital raising transactions to use the proceeds to purchase bitcoin.

Executives

Biming Guo	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, BEIJING F4 100020
Kean Tat Che	director, officer: CFO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Yuxing Ye	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Donghui Wang	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Ning Qin	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Pijun Liu	director, 10 percent owner, officer: CEO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Zhuo Li	director, officer: COO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Daxue Li	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Zheng Dai	director, 10 percent owner, officer: Chairman and Exec. Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Hung Fai Choi	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000