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.
BEIJING, China – KE Holdings (NYSE: BEKE; HKEX: 2423) released its 2022 ESG report, emphasizing its commitment to transforming China's housing industry through sustainable practices. The report highlights advancements in corporate governance, ESG strategy, and low-carbon operations. KE Holdings aims to enhance customer experiences and support service providers, focusing on quality assurance and business ethics. The company expresses satisfaction with its ESG progress and continues to advocate for sustainable industry development.
KE Holdings Inc. (NYSE: BEKE) announced its annual general meeting (AGM) scheduled for June 15, 2023, in Beijing. The AGM will address proposed resolutions supported by the board of directors. Shareholders of record as of May 12, 2023, are eligible to attend and vote. Additionally, the company filed its annual report on Form 20-F with the U.S. SEC, which includes audited financial statements for the fiscal year ending December 31, 2022. Stakeholders can access the AGM notice, proxy form, and financial report on the company's investor relations website.
KE Holdings Inc. (NYSE: BEKE; HKEX: 2423) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission on April 27, 2023. This report is accessible on the Company’s investor relations website. Shareholders can request a hard copy of the annual report, which includes audited consolidated financial statements, free of charge. KE Holdings operates as an integrated online and offline platform for housing transactions in China, owning Lianjia, a leading real estate brokerage brand. The Company aims to enhance the efficiency of housing transactions through its comprehensive services, having over 21 years of operational experience since the inception of Lianjia in 2001.
BEIKE (NYSE: BEKE) reported its financial results for Q4 and FY 2022, revealing significant challenges. The company's gross transaction value (GTV) fell 32.3% year-over-year to RMB 2.61 trillion (US$378.4 billion), with new home transactions dropping 41.5% to RMB 940.5 billion (US$136.4 billion). Net revenues decreased by 24.9% to RMB 60.7 billion (US$8.8 billion). In Q4, GTV decreased by 11.7% to RMB 647 billion (US$93.8 billion), though existing home transactions increased by 1.5%. The company reported a net loss of RMB 1.4 billion (US$203 million) for the year but achieved adjusted net income of RMB 2.84 billion (US$412 million), signaling some operational resilience amidst downturns.
BEKE, or KE Holdings Inc., will release its unaudited financial results for the fourth quarter and fiscal year 2022 on March 16, 2023, before U.S. market open. Management will host an earnings conference call at 8:00 A.M. Eastern Time on the same day. Interested participants can register online to receive dial-in details. A replay of the call will be available until March 23, 2023, and can also be accessed through the Company’s investor relations website. As a leading platform in housing transactions in China, KE Holdings operates Lianjia and is recognized for developing infrastructure in the real estate sector.
KE Holdings Inc. (NYSE: BEKE) reported Q3 2022 financial results, showing a net income of RMB716 million (US$101 million), a turnaround from a net loss of RMB1,766 million in Q3 2021. Gross transaction value (GTV) decreased by 11.3% YoY to RMB737.1 billion (US$103.6 billion), with existing home transactions increasing by 18.7%. Net revenues dropped by 2.8% to RMB17.6 billion (US$2.5 billion). The company's cash position remains strong at RMB57.5 billion (US$8.1 billion). The Q4 2022 revenue forecast indicates a potential decrease of about 15.7% to 18.5% YoY.
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