GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Zhongtian Technology Co Ltd (SHSE:600522) » Definitions » Retained Earnings

Jiangsu Zhongtian Technology Co (SHSE:600522) Retained Earnings : ¥17,249 Mil (As of Mar. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Jiangsu Zhongtian Technology Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Jiangsu Zhongtian Technology Co's retained earnings for the quarter that ended in Mar. 2024 was ¥17,249 Mil.

Jiangsu Zhongtian Technology Co's quarterly retained earnings increased from Sep. 2023 (¥16,239 Mil) to Dec. 2023 (¥16,515 Mil) and increased from Dec. 2023 (¥16,515 Mil) to Mar. 2024 (¥17,249 Mil).

Jiangsu Zhongtian Technology Co's annual retained earnings increased from Dec. 2021 (¥11,215 Mil) to Dec. 2022 (¥13,920 Mil) and increased from Dec. 2022 (¥13,920 Mil) to Dec. 2023 (¥16,515 Mil).


Jiangsu Zhongtian Technology Co Retained Earnings Historical Data

The historical data trend for Jiangsu Zhongtian 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.

* Premium members only.

Jiangsu Zhongtian Technology Co Retained Earnings Chart

Jiangsu Zhongtian Technology 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 9,625.69 11,452.85 11,215.09 13,920.05 16,515.49

Jiangsu Zhongtian 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 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 14,688.19 15,533.24 16,238.54 16,515.49 17,248.52

Jiangsu Zhongtian 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.


Jiangsu Zhongtian Technology Co  (SHSE:600522) 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.


Jiangsu Zhongtian Technology Co (SHSE:600522) Business Description

Traded in Other Exchanges
N/A
Address
Nantong Economic and Technology Development Zone, Jiangsu, Nantong, CHN, 226009
Jiangsu Zhongtian Technology Co Ltd is a China-based company engaged in the manufacturing and distribution of fiber-optic-communication and power-transmission products. Its products include power cables, fittings, insulators, arresters; conductors, aluminum-clad steel wires, transformers, and power switch gears; optical fibers, optical fiber cables, coaxial cables, and antennas; and submarine composite and FO cables, submarine cable accessories, and ROV cables. The company also offers marine and offshore cables; lithium-ion batteries, solar cell backsheets, and photovoltaic technology products; alloy materials; an optical fiber and optical cable machines.
Executives
Xue Ru Gen Supervisors
Jin Ying Supervisors
Gao Hong Shi senior management
Qu Zhi senior management
Xie Shu Hong senior management
You Wei Ren Supervisors
Lu Wei senior management
Ye Zhi Feng senior management
Yang Dong Yun senior management
Xue Ji Ping Director

Jiangsu Zhongtian Technology Co (SHSE:600522) Headlines

No Headlines