Fangdd Network Group (Fangdd Network Group) Retained Earnings

: $-635.10 Mil (As of Jun. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fangdd Network Group's retained earnings for the quarter that ended in Jun. 2023 was $-635.10 Mil.

Fangdd Network Group's quarterly retained earnings increased from Jun. 2022 ($-673.69 Mil) to Dec. 2022 ($-653.74 Mil) and increased from Dec. 2022 ($-653.74 Mil) to Jun. 2023 ($-635.10 Mil).

Fangdd Network Group's annual retained earnings declined from Dec. 2020 ($-480.55 Mil) to Dec. 2021 ($-677.25 Mil) but then increased from Dec. 2021 ($-677.25 Mil) to Dec. 2022 ($-653.74 Mil).

Fangdd Network Group Retained Earnings Historical Data

The historical data trend for Fangdd Network 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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Fangdd Network Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

-240.18

-416.64

-480.55

-677.25

-653.74

Fangdd Network Group Quarterly Data
	Dec16	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Retained Earnings																-	-677.25	-673.69	-653.74	-635.10

Fangdd Network 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.

Fangdd Network Group (NAS:DUO) 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.

Fangdd Network Group (Fangdd Network Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fangdd Network Group Ltd (NAS:DUO) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

15 Keyuan Road, Technology Park, Room 602, Unit B4, Kexing Science Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.fangdd.com

Fangdd Network Group Ltd is an investment holding company. Through its subsidiaries, It is engaged in the provision of real estate information services through its online platform which also offers integrated marketing services for individual customers, real estate developers, and agents in China. Its SaaS-based solutions help real estate agents to connect with essential business resources, including customers, property listings, capital, and transaction data. The company generates the majority of its revenue from Base commission from transactions in China.