Chengdu Qinchuan IoT Technology Co (SHSE:688528) Retained Earnings : ¥46.7 Mil (As of Mar. 2024)

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What is Chengdu Qinchuan IoT Technology Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Chengdu Qinchuan IoT Technology Co's retained earnings for the quarter that ended in Mar. 2024 was ¥46.7 Mil.

Chengdu Qinchuan IoT Technology Co's quarterly retained earnings declined from Sep. 2023 (¥67.6 Mil) to Dec. 2023 (¥52.8 Mil) and declined from Dec. 2023 (¥52.8 Mil) to Mar. 2024 (¥46.7 Mil).

Chengdu Qinchuan IoT Technology Co's annual retained earnings declined from Dec. 2021 (¥121.2 Mil) to Dec. 2022 (¥112.0 Mil) and declined from Dec. 2022 (¥112.0 Mil) to Dec. 2023 (¥52.8 Mil).

Chengdu Qinchuan IoT Technology Co Retained Earnings Historical Data

The historical data trend for Chengdu Qinchuan IoT 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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Chengdu Qinchuan IoT Technology Co Retained Earnings Chart

Chengdu Qinchuan IoT Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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78.56

120.10

121.18

112.04

52.80

Chengdu Qinchuan IoT Technology 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															97.17	77.47	67.60	52.80	46.67

Chengdu Qinchuan IoT 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.

Chengdu Qinchuan IoT Technology Co (SHSE:688528) 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.

Chengdu Qinchuan IoT Technology Co (SHSE:688528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Qinchuan IoT Technology Co Ltd (SHSE:688528) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

No.931 South Fourth Road, Economic Development Zone, Longquanyi District, Sichuan Province, Chengdu, CHN, 610100

Website

http://www.cdqckj.com

Chengdu Qinchuan IoT Technology Co Ltd is engaged in manufacturing, sales and service of smart gas meters and Internet of Things system software. The company's main products are IC card smart gas meters, Internet of things smart gas meters, membrane gas meters, remote control smart gas meters and industrial and commercial gas meters.

Executives

Wu Yue Fei	Core technical personnel
Wang Jun	Supervisors
Liu Rong Fei	Supervisors
Li Yong	Directors, senior managers, core technical personn
Meng An Hua	Director
Xiang Hai Tang	Directors, senior managers, core technical personn
Quan Ya Qiang	Supervisors, core technical personnel
Li Yu Zhou	Director

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