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Weaver Network Technology Co (SHSE:603039) Retained Earnings : ¥1,253 Mil (As of Mar. 2024)


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What is Weaver Network Technology Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Weaver Network Technology Co's retained earnings for the quarter that ended in Mar. 2024 was ¥1,253 Mil.

Weaver Network Technology Co's quarterly retained earnings increased from Sep. 2023 (¥1,057 Mil) to Dec. 2023 (¥1,225 Mil) and increased from Dec. 2023 (¥1,225 Mil) to Mar. 2024 (¥1,253 Mil).

Weaver Network Technology Co's annual retained earnings increased from Dec. 2021 (¥924 Mil) to Dec. 2022 (¥1,084 Mil) and increased from Dec. 2022 (¥1,084 Mil) to Dec. 2023 (¥1,225 Mil).


Weaver Network Technology Co Retained Earnings Historical Data

The historical data trend for Weaver Network 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.

Weaver Network Technology Co Retained Earnings Chart

Weaver Network 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 491.12 676.88 924.38 1,084.49 1,224.72

Weaver Network 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 1,085.06 1,084.61 1,057.41 1,224.72 1,252.71

Weaver Network 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.


Weaver Network Technology Co  (SHSE:603039) 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.


Weaver Network Technology Co (SHSE:603039) Business Description

Traded in Other Exchanges
N/A
Address
No. 3419 Sanlu Highway, Fanwei Software Park, Minhang, Shanghai, CHN, 201112
Weaver Network Technology Co Ltd is a China based company engaged in developing collaborative management software. The product system provided by the company includes cloud office platform, mobile platform e-mobile, collaborative management application platform, and collaborative office standard edition, among others. It also offers information portal solution, cost control management solution, group management solution, target performance management solution.
Executives
Wei Li Dong Directors, senior managers
Sui Qing senior management
Hu Bo senior management
Wang Chen Zhi Directors, senior managers
Yang Guo Sheng senior management
Bao Xiao Juan Directors, senior managers
Zhou Jun Feng Director
Jin Ge Directors, senior managers
Xiong Xue Wu Director

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