Cheche Group (Cheche Group) Retained Earnings : $-180.7 Mil (As of Dec. 2022)

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What is Cheche Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cheche Group's retained earnings for the quarter that ended in Dec. 2022 was $-180.7 Mil.

Cheche Group's quarterly retained earnings declined from Dec. 2021 ($-157.0 Mil) to Jun. 2022 ($-166.8 Mil) and declined from Jun. 2022 ($-166.8 Mil) to Dec. 2022 ($-180.7 Mil).

Cheche Group's annual retained earnings declined from Dec. 2021 ($-157.0 Mil) to Dec. 2022 ($-180.7 Mil) and declined from Dec. 2022 ($-180.7 Mil) to Dec. 2023 ($-296.0 Mil).

Cheche Group Retained Earnings Historical Data

The historical data trend for Cheche Group'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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Cheche Group Retained Earnings Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-157.05

-180.66

-296.05

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Retained Earnings	-	-157.05	-166.78	-180.66	-296.05

Cheche Group 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.

Cheche Group (NAS:CCG) 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.

Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines

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