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Lanpec Technologies Co (SHSE:601798) Retained Earnings : ¥-149.0 Mil (As of Sep. 2024)


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What is Lanpec Technologies Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lanpec Technologies Co's retained earnings for the quarter that ended in Sep. 2024 was ¥-149.0 Mil.

Lanpec Technologies Co's quarterly retained earnings declined from Mar. 2024 (¥-135.2 Mil) to Jun. 2024 (¥-138.0 Mil) and declined from Jun. 2024 (¥-138.0 Mil) to Sep. 2024 (¥-149.0 Mil).

Lanpec Technologies Co's annual retained earnings declined from Dec. 2021 (¥195.5 Mil) to Dec. 2022 (¥11.3 Mil) and declined from Dec. 2022 (¥11.3 Mil) to Dec. 2023 (¥-128.3 Mil).


Lanpec Technologies Co Retained Earnings Historical Data

The historical data trend for Lanpec Technologies 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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Lanpec Technologies Co Retained Earnings Chart

Lanpec Technologies Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 350.61 369.11 195.46 11.28 -128.34

Lanpec Technologies Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -41.43 -128.34 -135.20 -138.03 -149.04

Lanpec Technologies 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.


Lanpec Technologies Co  (SHSE:601798) 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.


Lanpec Technologies Co Business Description

Traded in Other Exchanges
N/A
Address
No. 338 Wanxin Road, Anning District, Lanzhou, CHN, 730070
Lanpec Technologies Co Ltd is engaged in the oil drilling machinery and equipment, refining and chemical equipment, marine and desert petroleum equipment and engineering, refining and chemical processing, and light industry and food machinery research.
Executives
Li Xu Yang senior management
Zhang Jin senior management
Lu Yi Zhou senior management
Wang Hong senior management
Gao Shang Pu senior management
Jie Qing Director
Zhang Yan Feng Director
Liu Lu Yi Supervisors

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