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Suzhou HYC Technology Co (SHSE:688001) Retained Earnings : ¥868 Mil (As of Sep. 2024)


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What is Suzhou HYC Technology Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Suzhou HYC Technology Co's retained earnings for the quarter that ended in Sep. 2024 was ¥868 Mil.

Suzhou HYC Technology Co's quarterly retained earnings declined from Mar. 2024 (¥959 Mil) to Jun. 2024 (¥950 Mil) and declined from Jun. 2024 (¥950 Mil) to Sep. 2024 (¥868 Mil).

Suzhou HYC Technology Co's annual retained earnings increased from Dec. 2021 (¥698 Mil) to Dec. 2022 (¥900 Mil) and increased from Dec. 2022 (¥900 Mil) to Dec. 2023 (¥994 Mil).


Suzhou HYC Technology Co Retained Earnings Historical Data

The historical data trend for Suzhou HYC Technology 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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Suzhou HYC Technology Co Retained Earnings Chart

Suzhou HYC Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 300.51 493.70 697.73 900.28 993.64

Suzhou HYC Technology 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 959.17 993.64 959.28 949.89 867.65

Suzhou HYC Technology 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.


Suzhou HYC Technology Co  (SHSE:688001) 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.


Suzhou HYC Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Qingqiu Lane, Suzhou Industrial Park, Suzhou, CHN, 215000
Suzhou HYC Technology Co Ltd is a provider of industrial automatic test equipment and complete line system solutions. The test products are used in the manufacturers of LCD, flexible OLED, semiconductor, new energy automotive electronics and other industries.
Executives
Chen Wen Yuan Director
Zhu Chen Director
Cheng Zhong senior management
Zhang Qian Director
Jiang Rui Xiang senior management

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