What is the profit distribution order of joint-stock companies?

According to the Company Law and other relevant laws and regulations, the net profit realized by general enterprises and joint stock limited companies in the current year should generally be distributed in the following order:

(1) make up the losses of previous years;

(2) Withdrawing the statutory surplus reserve fund;

(3) Withdrawing the statutory public welfare fund;

(4) Pay dividends on preferred shares;

(5) Withdrawing surplus reserve fund.

(6) Pay common stock dividends;

(7) Dividends from capitalization of common stock.