贝壳2023年二季度报告

BEIJING, China, November 8, 2023-KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKEandHKEX: 2423), a leading integrated online and offline platform for housing transactions and services, todayannounced its unaudited financial results for thethirdquarter endedSeptember30, 2023. Business and Financial Highlights for the ThirdQuarterof2023 •Gross transaction value (GTV)1was RMB655.2billion (US$89.8billion), a decrease of11.1% year-over-year.GTV of existing home transactionswas RMB439.0billion (US$60.2billion), adecreaseof2.2% year-over-year.GTV of new home transactionswas RMB192.1billion (US$26.3billion), adecrease of26.5% year-over-year.GTV of home renovation and furnishingwas RMB3.3billion(US$0.4billion), anincrease of65.6% year-over-year.GTV of emerging and other serviceswasRMB20.7billion (US$2.8billion), adecrease of16.0% year-over-year.•Net revenueswere RMB17.8billion (US$2.4billion), an increase of1.2% year-over-year.•Net incomewas RMB1,170million (US$160million).Adjusted net income2 was RMB2,159million (US$296 million).•Number of storeswas43,013as ofSeptember30, 2023,a 3.9% increasefrom one year ago.Numberof active stores3was40,903as ofSeptember30, 2023,a 3.0%increasefrom one year ago. •Number of agentswas429,352as ofSeptember30, 2023, a6.6% increase from one year ago.Number of active agents4was399,048as ofSeptember30, 2023, a7.1% increase from one year ago.•Mobile monthly active users (MAU)5averaged49.2millionin thethirdquarter of 2023,comparedto 42.4million in the same period of 2022. Mr. Stanley Yongdong Peng, Chairman of the Board and Chief Executive Officer of Beike, commented,“During the third quarter of 2023, China’s real estate market saw meaningful monthly rebound supported bya wave of government favorable policies, such as lowering down payment ratio. We achieved resilient top-line performance, which is a powerful testament to our across-the-board efforts for business growth andefficiency improvement.” “As we see a horizon with prospects centered on ‘better living’, and are eager to fulfill the tremendous needsfrom consumers, we have upgraded our corporate strategy to ‘One Body, Three Wings’, a significant step inour roadmap to become the leading one-stop platform of residential services. Through prudent execution andefficiency improvement, we’ve reinforced the agility and resilience of our ‘One Body’ business, and areexcited to connect to a broader range of industry participants to drive the sector’shigh-quality advancement.We also aim to deepen our insights and ramp up our service capabilities by actively pursuing the rapid scaleexpansion of our new businesses, including home renovation and furnishing. We will always strive to upliftthe industrystandards, while forging lasting and synergistic relationships with all industry stakeholders. Ourtechnology-empowered infrastructure, extensive datasets, strong customer traffic, and expansive store andagent network will position us well for the future,delivering unparalleled value to both our customers and thewhole residential industry,” concluded Mr. Peng. Mr. Tao Xu, Executive Director and Chief Financial Officer of Beike, added, “In the third quarter of this year,China’s real estate market gradually picked up from the bottom with higher-tier cities leading the month-on- month recovery in September following the introduction of supportive polices. Our net revenues grew by 1.2%year-over-year to RMB17.8 billion in the third quarter. As we actively advanced our ‘One body, Three wings’growth strategy, we achieved a resilientrevenue performance for housing transaction services in the quarter,while our home renovation and furnishing services revenue saw a 72.1% of year-on-year jump, reachingRMB3.2 billion. Notably, our enhanced operational capability and careful cost discipline generated a grossmargin of 27.4%, ticking up from 27.0% in same period last year. Our net income in the third quarter saw a63.4% year-over-year increase, reaching RMB1,170 million, while adjusted netincome grew by 14.4% toRMB2,159million,showcasing stronger profitability.Our solid cash reserves and prudent financialmanagement have allowed us to return to shareholders in the form of share repurchases and special cashdividend issued during the third quarter. Looking forward, we will continue to execute a strategic anddisciplined approach, enhance capital allocation efficiency, and prioritize our investments in business areasthat bring key value, while remaining dedicated to shareholder returns. We believe this will enable us toachieve sustainable and organic growth, and create long-term value for our shareholders.” Third Quarter 2023 Financial Results Net Revenues Net revenuesincreased by 1.2% toRMB17.8billion (US$2.4billion) in the third quarter of 2023fromRMB17.6 billion in the same period of 2022. The increasewas primarily attributable to the increaseof netrevenues from home renovation and furnishing andrental property management services,which was partiallyoffset