ZX (HKSE:09890) Retained Earnings : HK$-261 Mil (As of Dec. 2023)

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What is ZX Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ZX's retained earnings for the quarter that ended in Dec. 2023 was HK$-261 Mil.

ZX's quarterly retained earnings increased from Dec. 2021 (HK$-1,149 Mil) to Dec. 2022 (HK$-474 Mil) and increased from Dec. 2022 (HK$-474 Mil) to Dec. 2023 (HK$-261 Mil).

ZX's annual retained earnings increased from Dec. 2021 (HK$-1,149 Mil) to Dec. 2022 (HK$-474 Mil) and increased from Dec. 2022 (HK$-474 Mil) to Dec. 2023 (HK$-261 Mil).

ZX Retained Earnings Historical Data

The historical data trend for ZX'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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ZX Retained Earnings Chart

ZX Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-1,724.03

-1,149.08

-473.90

-261.28

ZX Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Retained Earnings	-1,724.03	-1,149.08	-473.90	-261.28

ZX 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.

ZX (HKSE:09890) 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.

ZX (HKSE:09890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ZX Inc (HKSE:09890) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Olympic Stadium South Road, Tanwan Game Building, Building B, Synaesthesia Thinking Industrial Park, Tianhe, Guangdong, Guangzhou, CHN

Website

https://www.zx.com

ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of 11 game products for more than five years and 28 game products for more than three years.

Executives

Wu Xubo	2307 Founder of a discretionary trust who can infl
Tmf (cayman) Ltd.	2301 Trustee
Wxland Holding Limited	2201 Interest of corporation controlled by you
Wxland International Ltd	2101 Beneficial owner
Wxland Limited	2201 Interest of corporation controlled by you
Trident Trust Company (hk) Limited	2301 Trustee
Wu Xuan	2307 Founder of a discretionary trust who can infl
Wxzela International Ltd	2101 Beneficial owner
Zela Holding Limited	2201 Interest of corporation controlled by you
Chen Yang	2201 Interest of corporation controlled by you
Wxworld Holding Limited	2101 Beneficial owner

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