Wanka Online (HKSE:01762) Retained Earnings : HK$-586 Mil (As of Jun. 2024)

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What is Wanka Online Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Wanka Online's retained earnings for the quarter that ended in Jun. 2024 was HK$-586 Mil.

Wanka Online's quarterly retained earnings declined from Jun. 2023 (HK$-617 Mil) to Dec. 2023 (HK$-644 Mil) but then increased from Dec. 2023 (HK$-644 Mil) to Jun. 2024 (HK$-586 Mil).

Wanka Online's annual retained earnings declined from Dec. 2021 (HK$-582 Mil) to Dec. 2022 (HK$-675 Mil) but then increased from Dec. 2022 (HK$-675 Mil) to Dec. 2023 (HK$-644 Mil).

Wanka Online Retained Earnings Historical Data

The historical data trend for Wanka Online'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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Wanka Online Retained Earnings Chart

Wanka Online Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-581.76

-675.22

-644.41

Wanka Online Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial												-	-675.22	-617.12	-644.41	-585.95

Wanka Online 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.

Wanka Online (HKSE:01762) 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.

Wanka Online Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Wanka Online Inc (HKSE:01762) » Definitions » Retained Earnings

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Address

No. 10 Jiuxianqiao Road, 4th Floor, Building No. B22, Universal Business Park, Chaoyang District, Beijing, CHN, 100101

Website

http://www.wankaonline.com

Wanka Online Inc is a technology company in the mobile Internet market, helping connect businesses from various industries to various Android-based smartphone users in China. It provides Android-based content distribution services for marketers. It has four operating segments: The mobile advertising services; online video distribution services; Game co-publishing services; and Software maintenance services. It generates a vast majority of its revenues from the mobile advertising services segment.

Executives

Countryside Tech Inc.	2103 Interests held jointly with another person
Feng Chun	2202 Interest of your spouse
Gao Dinan	2201 Interest of corporation controlled by you
Lu Haiyan	2202 Interest of your spouse
Wanka Media Limited	2201 Interest of corporation controlled by you
Zheng Wei	2103 Interests held jointly with another person
United Millennial Tech Limited Partnership	2101 Beneficial owner
Korea Investment Holdings Co., Ltd.
Korea Investment Partners Co., Ltd.
Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee

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