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Arctech Solar Holding Co (SHSE:688408) Retained Earnings : ¥1,023 Mil (As of Mar. 2024)


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What is Arctech Solar Holding Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Arctech Solar Holding Co's retained earnings for the quarter that ended in Mar. 2024 was ¥1,023 Mil.

Arctech Solar Holding Co's quarterly retained earnings increased from Sep. 2023 (¥686 Mil) to Dec. 2023 (¥869 Mil) and increased from Dec. 2023 (¥869 Mil) to Mar. 2024 (¥1,023 Mil).

Arctech Solar Holding Co's annual retained earnings increased from Dec. 2021 (¥508 Mil) to Dec. 2022 (¥543 Mil) and increased from Dec. 2022 (¥543 Mil) to Dec. 2023 (¥869 Mil).


Arctech Solar Holding Co Retained Earnings Historical Data

The historical data trend for Arctech Solar 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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Arctech Solar Holding Co Retained Earnings Chart

Arctech Solar Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 297.55 551.65 508.33 542.68 868.72

Arctech Solar 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 581.46 627.18 686.49 868.72 1,022.72

Arctech Solar 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.


Arctech Solar Holding Co  (SHSE:688408) 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.


Arctech Solar Holding Co (SHSE:688408) Business Description

Traded in Other Exchanges
N/A
Address
2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331
Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.
Executives
Wang Cheng senior management
Zheng Hai Peng Director
Yu Zheng Ming Directors, senior managers
Wang Shi Tao Core technical personnel

Arctech Solar Holding Co (SHSE:688408) Headlines

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