Welcome to our dedicated page for KE Holdings American Depositary Shares (each representing three news (Ticker: BEKE), a resource for investors and traders seeking the latest updates and insights on KE Holdings American Depositary Shares (each representing three stock.
KE Holdings Inc., also known as Beike, is a leading real estate platform based in Beijing, China. Founded in 2001, the company operates an integrated online and offline platform for housing transactions and services. Beike facilitates various housing transactions, including existing and new home sales, home rentals, home renovation, and real estate financial solutions.
The company operates under the brands Lianjia and Deyou, which are trusted names in China's real estate market. Lianjia, a self-owned real estate brokerage store, operates primarily in Beijing and Shanghai, while Deyou functions as a franchise brand in other cities. This hybrid model allows Beike to leverage both online and physical presence to attract a wide range of clients.
In 2022, Beike expanded its service offerings by acquiring Shengdu Home Decoration, entering the home renovation market. As of the end of 2023, the company reported having 39,713 active stores and 372,718 active agents on its platform, highlighting its extensive reach and operational scale.
Financially, Beike has shown robust performance. In the third quarter of 2023, the company announced an increase in its share repurchase program from $1 billion to $2 billion, extending the program until August 2024. This move reflects the company's confidence in its financial health and future growth prospects.
The company's significant partnerships include Tencent, which, along with its affiliates, holds an 8% voting power in Beike. This strategic alliance underscores Beike's strong market position and future growth potential.
Beike's platform also boasts high user engagement, reporting an average of 411,526 mobile monthly active users in the first quarter of 2023. This engagement is a testament to the platform's user-friendly interface and comprehensive service offerings.
For investors, Beike's financial metrics are promising. The company reports both GAAP and non-GAAP financial measures, offering transparency and detailed insights into its financial performance. Key metrics include Gross Transaction Value (GTV), adjusted net income, and EBITDA, all indicating strong operational efficiency and profitability.
Looking forward, Beike aims to continue leading the real estate market in China through innovation, strategic partnerships, and a commitment to excellent service.
KE Holdings (BEKE) reported strong Q3 2024 financial results with net revenues increasing 26.8% year-over-year to RMB22.6 billion (US$3.2 billion). Gross transaction value (GTV) rose 12.5% to RMB736.8 billion. Net income was RMB1,168 million (US$167 million). The company saw significant growth across segments, with home rental services revenue surging 118.4% and home renovation revenue up 32.6%. However, gross margin decreased to 22.7% from 27.4% year-over-year. The company allocated approximately US$200 million to share repurchases in Q3.
KE Holdings (NYSE: BEKE; HKEX: 2423), known as Beike, has announced it will release its unaudited financial results for the third quarter of 2024 before U.S. market opens on November 21, 2024. The company will host an earnings conference call at 7:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day. The call will be available in both English and Chinese (listen-only), with replay access until November 28, 2024. A webcast will also be available on the company's investor relations website.
KE Holdings Inc. (NYSE: BEKE, HKEX: 2423), known as Beike, has announced an expansion and extension of its share repurchase program. The company's board has approved an increase in the repurchase authorization from US$2.0 billion to US$3.0 billion of its Class A ordinary shares and/or ADSs. The program has also been extended until August 31, 2025.
Since the program's launch in August 2022, Beike has repurchased approximately 95.0 million ADSs (representing about 285.0 million Class A ordinary shares) on the NYSE, with a total consideration of approximately US$1,389.8 million. The company's shareholders approved a general unconditional mandate for share repurchases at the June 14, 2024 AGM, which will cover repurchases under the extended program until the next AGM.
KE Holdings Inc. (BEKE) announced its Q2 2024 financial results, revealing a 19.9% increase in net revenues to RMB23.4 billion (US$3.2 billion). Gross transaction value (GTV) rose by 7.5% year-over-year to RMB839.0 billion (US$115.5 billion). Net income reached RMB1,900 million (US$262 million), a 46.2% year-over-year increase. Adjusted net income was RMB2,693 million (US$371 million).
Existing home transactions saw a 25.0% GTV increase to RMB570.7 billion (US$78.5 billion), while new home transactions dropped by 20.2% to RMB235.3 billion (US$32.4 billion). Home renovation and furnishing GTV increased by 22.3% to RMB4.2 billion (US$0.6 billion). The number of stores increased by 6.9% and mobile monthly active users averaged 49.7 million.
BEKE also upsized its share repurchase program from US$2 billion to US$3 billion, extending it to August 31, 2025.
KE Holdings Inc. (NYSE: BEKE; HKEX: 2423), known as Beike, a leading integrated online and offline platform for housing transactions and services, has announced it will report its unaudited financial results for the second quarter of 2024 on August 12, 2024, before the U.S. market opens. The company will hold an earnings conference call at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day.
Participants can join the call using dial-in numbers after completing online registration at least 20 minutes before the scheduled start time. The company has provided separate registration links for the English line and Chinese Simultaneous Interpretation line (listen-only mode). A replay of the call will be available until August 19, 2024, and a live and archived webcast will be accessible on the company's investor relations website.
On June 14, 2024, KE Holdings Inc. (NYSE: BEKE; HKEX: 2423), a leading platform for housing transactions and services, announced the approval of all proposed resolutions at its annual general meeting in Beijing.
The resolutions include the re-election of Yongdong Peng and Yigang Shan as executive directors, and Jun Wu as an independent non-executive director.
The meeting also granted the company's directors the mandate to issue additional Class A ordinary shares and repurchase the company's own shares.
KE Holdings Inc. (NYSE: BEKE) announced its unaudited financial results for Q1 2024. The company reported a gross transaction value (GTV) of RMB629.9 billion, a 35.2% YoY decrease. Net revenues were RMB16.4 billion, down 19.2% YoY. Net income was RMB432 million, with adjusted net income at RMB1,392 million. The number of stores increased by 7.1% to 44,216, while the number of active agents dropped by 3.0% to 399,159. Mobile monthly active users rose to 47.7 million. The company emphasized its commitment to sustained growth through quality and efficiency and highlighted its innovative community mini-store models and customer engagement strategies. A significant share repurchase program of approximately US$220 million was executed in Q1 2024.
KE Holdings Inc., also known as Beike, will report its unaudited financial results for the first quarter of 2024 on May 23, 2024. The earnings conference call will be held at 8:00 A.M. Eastern Time on the same day. Participants can register online to join the call and access dial-in numbers and passcode. A replay of the call will be available until May 30, 2024. Both English and Chinese interpretation options are provided.
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