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Optics Technology Holding Co (SZSE:300489) Retained Earnings : ¥-312 Mil (As of Mar. 2024)


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What is Optics Technology Holding Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Optics Technology Holding Co's retained earnings for the quarter that ended in Mar. 2024 was ¥-312 Mil.

Optics Technology Holding Co's quarterly retained earnings declined from Sep. 2023 (¥-164 Mil) to Dec. 2023 (¥-271 Mil) and declined from Dec. 2023 (¥-271 Mil) to Mar. 2024 (¥-312 Mil).

Optics Technology Holding Co's annual retained earnings declined from Dec. 2021 (¥84 Mil) to Dec. 2022 (¥-30 Mil) and declined from Dec. 2022 (¥-30 Mil) to Dec. 2023 (¥-271 Mil).


Optics Technology Holding Co Retained Earnings Historical Data

The historical data trend for Optics Technology Holding 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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Optics Technology Holding Co Retained Earnings Chart

Optics Technology Holding 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 56.22 80.03 84.26 -29.76 -270.80

Optics Technology Holding 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 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 -83.09 -133.84 -163.99 -270.80 -312.35

Optics Technology Holding 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.


Optics Technology Holding Co  (SZSE:300489) 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.


Optics Technology Holding Co (SZSE:300489) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, 8th Avenue, Pingfang District, Nancheng, Harbin, CHN, 150060
Optics Technology Holding Co Ltd, formerly Harbin ZhongFei New Technology Co Ltd is a manufacturer of high-performance aluminum alloy materials and machined parts. Its engaged in production, sales of mechanical equipment, instrumentation, mechanical processing, industrial automation technology development and technical services. It belongs to the field of new materials technology and new energy and energy-saving technologies. Its products are aluminum alloy forgings, extrusions, and machine parts.
Executives
Gong Tao Directors, executives
Liu Liu Director
Gao Shu Zeng Executives
Zhang Chun Bo Directors, executives
Shi Yong Sheng Supervisors
Zhang Yong Supervisors
Wang Chun Yu Directors, executives
Li Hai Bing Secretary, Director
Wang Gui Xiang Supervisors

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