AI X Tech (HKSE:01490) Retained Earnings : HK$0.0 Mil (As of Jun. 2024)

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What is AI X Tech Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AI X Tech's retained earnings for the quarter that ended in Jun. 2024 was HK$0.0 Mil.

AI X Tech's quarterly retained earnings increased from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$251.0 Mil) but then declined from Dec. 2023 (HK$251.0 Mil) to Jun. 2024 (HK$0.0 Mil).

AI X Tech's annual retained earnings declined from Dec. 2021 (HK$210.7 Mil) to Dec. 2022 (HK$209.6 Mil) but then increased from Dec. 2022 (HK$209.6 Mil) to Dec. 2023 (HK$251.0 Mil).

AI X Tech Retained Earnings Historical Data

The historical data trend for AI X Tech'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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AI X Tech Retained Earnings Chart

AI X Tech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

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156.48

210.66

209.61

250.96

AI X Tech Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Retained Earnings	Get a 7-Day Free Trial									209.61	-	250.96	-	-

AI X Tech 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.

AI X Tech (HKSE:01490) 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.

AI X Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AI X Tech Inc (HKSE:01490) » Definitions » Retained Earnings

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Address

No. 5 Jingshun Road, Block C, Shuguang Tower, Room 401, Chaoyang District, Beijing, CHN, 100028

Website

https://www.cheshi.com

AI X Tech Inc formerly Cheshi Technology Inc is an investment holding company that is engaged in the advertising service of automobiles in the People's Republic of China. It offers automobile content produced by an in-house content team and distributed across the group's proprietary. It operates in two segments: Online Advertising Services, which provides automobile-related advertising services, and publication of automobile-related articles and videos, both of which are published on the Group's online platform and Transaction Facilitation Services. Nearly all of its revenue comes from the Online Advertising segment. Geographically, it operates only in China.

Executives

Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Ma Yuanyuan	2202 Interest of your spouse
Xc Group Limited	2101 Beneficial owner
Xu Chong	2201 Interest of corporation controlled by you

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