Vesync Co (HKSE:02148) Retained Earnings : HK$1,201 Mil (As of Dec. 2023)

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What is Vesync Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vesync Co's retained earnings for the quarter that ended in Dec. 2023 was HK$1,201 Mil.

Vesync Co's quarterly retained earnings increased from Dec. 2022 (HK$656 Mil) to Jun. 2023 (HK$916 Mil) and increased from Jun. 2023 (HK$916 Mil) to Dec. 2023 (HK$1,201 Mil).

Vesync Co's annual retained earnings declined from Dec. 2021 (HK$844 Mil) to Dec. 2022 (HK$656 Mil) but then increased from Dec. 2022 (HK$656 Mil) to Dec. 2023 (HK$1,201 Mil).

Vesync Co Retained Earnings Historical Data

The historical data trend for Vesync 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.

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Vesync Co Retained Earnings Chart

Vesync Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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843.98

656.40

1,201.09

Vesync Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial								-	656.40	915.91	1,201.09	-

Vesync 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.

Vesync Co (HKSE:02148) 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.

Vesync Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Vesync Co Ltd (HKSE:02148) » Definitions » Retained Earnings

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Address

1001 Zhongshan Park Road, Room 402 and 501–502, Block F3, TCL International E City, Nanshan District, Guangdong Province, Shenzhen, CHN

Website

https://www.vesync.com

Vesync focuses on the online marketing and sale of self-designed and self-developed small home appliances and smart home devices. In 2022, more than 80% of sales were generated through Amazon. The company owns three core brands: Levoit for home environment appliances, Etekcity for smart home gadgets, health monitoring devices, outdoor recreation products, and personal-care products, and Cosori for kitchen and dining appliances.

Executives

Yang Hai
Yang Lin
Yang Yuzheng
Chen Shuyong
Li Jisu
Xu Bo
North Point Trust Company L.l.c.
Caerus Co., Ltd
Karis I Llc
Karis Ii Llc
Siempre Ptc Llc
Swcs Trust Limited	2301 Trustee
Hhlr Advisors, Ltd.	2102 Investment manager
Hhlr Fund, L.p.	2101 Beneficial owner

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