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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NetEase Cloud Music's retained earnings for the quarter that ended in Jun. 2026 was HK$-5,750 Mil.
NetEase Cloud Music's quarterly retained earnings
increased
from Jun. 2025 (HK$-7,281 Mil) to Dec. 2025 (HK$-6,442 Mil) and
increased
from Dec. 2025 (HK$-6,442 Mil) to Jun. 2026 (HK$-5,750 Mil).
NetEase Cloud Music's annual retained earnings
increased
from Dec. 2023 (HK$-11,111 Mil) to Dec. 2024 (HK$-9,078 Mil) and
increased
from Dec. 2024 (HK$-9,078 Mil) to Dec. 2025 (HK$-6,442 Mil).
NetEase Cloud Music (HKSE:09899) 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.
NetEase Cloud Music Retained Earnings Historical Data
* Premium members only.
The historical data trend for NetEase Cloud Music'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.
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.
What does a Retained Earnings of HK$-5,750 Mil mean?
NetEase Cloud Music (HKSE:09899) has a Retained Earnings of HK$-5,750 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on NetEase Cloud Music and its competitors.
Is NetEase Cloud Music's Retained Earnings too high?
NetEase Cloud Music's current Retained Earnings is HK$-5,750 Mil. Overall, NetEase Cloud Music has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NetEase Cloud Music's Retained Earnings compare to GOOGL and META?
NetEase Cloud Music's Retained Earnings of HK$-5,750 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Interactive Media company?
A good Retained Earnings depends on the Interactive Media industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on NetEase Cloud Music and its competitors. NetEase Cloud Music's current Retained Earnings is HK$-5,750 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase Cloud Music stock overvalued right now?
Based on GuruFocus' analysis, NetEase Cloud Music (HKSE:09899) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$105.36, compared to a current price of HK$86.75 — trading 17.7% below its estimated fair value. The current Retained Earnings is HK$-5,750 Mil. NetEase Cloud Music's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For NetEase Cloud Music (HKSE:09899), the current Retained Earnings is HK$-5,750 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NetEase Cloud Music (HKSE:09899) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase Cloud Music stock appears to be undervalued.
The current stock price of HK$86.75 is trading 17.7% below its estimated GF Value™ of HK$105.36.
GuruFocus considers NetEase Cloud Music to be Modestly Undervalued.
Key valuation signals for HKSE:09899:
Retained Earnings: HK$-5,750 Mil
GF Value™: HK$105.36 vs. price of HK$86.75 (17.7% below fair value)
No single metric tells the full story. See the HKSE:09899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
NetEase Cloud Music is China's second-largest music streaming platform, founded in 2013 as a subsidiary of NetEase. NetEase remains the controlling shareholder with a 59.4% stake. The company is headquartered in Hangzhou.The platform's business model revolves around a core music streaming service sold on a subscription basis, paired with a live streaming service where users purchase virtual items and gift them to performers.
78GF Score
Get the complete analysis for HKSE:09899
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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