BEIJING, May 10, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE:BEKE, HKEX: 2423))), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the first quarter of 2024 before the U.S. market opens on Thursday, May 23, 2024. The Company's management will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, May 23, 2024 (8:00 P.M. Beijing Time on Thursday, May 2 ...

Investors looking for stocks in the Real Estate - Operations sector might want to consider either KE Holdings Inc. Sponsored ADR (BEKE) or Zillow (Z) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Styl ...

Core Viewpoint - KE Holdings Inc. has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC, highlighting its ongoing commitment to transparency and investor relations [1]. Company Overview - KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services in China, operating under the brand Lianjia, which has over 22 years of experience since its inception in 2001 [2]. - The company aims to reinvent housing transactions by building infrastructure and standards that enhance efficiency for service providers and customers across various services, including home sales, rentals, renovations, and furnishings [2].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

BEIJING, April 26, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE:BEKE), a leading integrated online and offline platform for housing transactions and services, today released its 2023 Environmental, Social and Governance report (the "2023 ESG report"), highlighting Beike's commitment to sustainability under its corporate mission of "admirable service, joyful living," and the guiding principle of "being virtuous while seeking growth." Mr. Stanley Yongdong Peng, Co-founder, Chairm ...

BEIJING, April 26, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE:BEKE, HKEX: 2423))), a leading integrated online and offline platform for housing transactions and services, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 10:00 a.m. Beijing time on Friday, June 14, 2024 at Oriental Electronic Technology Building, No. 2 Chuangye Road, Haidian District, Beijing, PRC, for the purposes of considering and, if thought fit, passi ...

The Zacks Real Estate Operations industry continues to face persistent hurdles, including high interest rates, macroeconomic uncertainty and geopolitical tensions. Stricter lending norms limit access to credit, increasing borrowing costs and slowing transaction activity. Clients are adopting cautious behavior due to high rates, delaying transactions and seeking thorough price discovery.Nevertheless, the industry sees growth prospects in the increasing adoption of outsourced real estate services and other em ...

Investors looking for stocks in the Real Estate - Operations sector might want to consider either KE Holdings Inc. Sponsored ADR (BEKE) or Zillow (Z) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estima ...

Financial Data and Key Metrics - Full year 2023 revenue reached RMB77.8 billion, up 28% year-over-year, with over 20% attributable to new initiatives [7] - GTV on the platform was RMB3.14 trillion, up 20% year-over-year, with existing home transactions growing by 29% and new home transactions rising by 7% [7] - Adjusted net margin increased by 7.9 percentage points to 12.6%, with adjusted net income of RMB9.8 billion [25] - Q4 2023 revenue increased by 20.6% year-over-year to RMB28.2 billion, with GAAP net income rising by 80.2% to RMB670 million [26] Business Line Performance - Existing home transaction services revenue grew by 15.9% year-over-year, with GTV reaching RMB468.1 billion in Q4, up 30.1% [28] - New home transaction services revenue grew by 6.7% year-over-year, with GTV reaching RMB238 billion in Q4, down 9.7% year-over-year but up 23.9% sequentially [29] - Home renovation and furnishing services revenue grew by 74.3% year-over-year to RMB10.9 billion, with contracted sales up 93% year-over-year [24][44] - Beike Rental Services managed over 210,000 units, up from 70,000 in 2022, with Carefree Rental model managing over 200,000 units [11][66] Market Performance - Existing home market GTV increased significantly, driven by lower base effects and increased activity in second and third-tier cities [27] - New home market remained sluggish, with CRIC data showing a 32% year-over-year decline in sales from top 100 developers in Q4 [29] - Homebuyers showed a preference for existing homes, with existing home GTV nationwide rising by 20-30% year-over-year [55] Strategic Direction and Industry Competition - The company is focusing on a technology-driven one-stop residential services platform, with a strategy of "One Body, Three Wings" to foster synergies [6][19] - Emphasis on quality and efficiency, with plans to enhance customer trust and drive future growth in home renovation and furnishing services [19][46] - Expansion of store and agent networks, with 42,000 active stores and 397,000 active agents by the end of 2023 [8][49] Management Commentary on Operating Environment and Future Outlook - The company aims for growth with stability in 2024, focusing on quality and efficiency while maintaining a strong balance between growth and risk control [13] - The real estate market is undergoing deep adjustments, with a shift towards existing homes and a focus on home upgrades [55][57] - The company plans to enhance digitalization and technology-driven initiatives to improve long-term efficiency [20] Other Important Information - The company repurchased approximately US$718.7 million worth of shares in 2023 and announced a final cash dividend of US$0.351 per ADS [37][38] - Total shareholder return for 2023 significantly exceeded net income, accounting for around 159% of net income [38] Q&A Session Summary Question: Drivers behind the strong growth in home renovation and furnishing business [43] - The growth was driven by high-efficiency synergies between core and emerging businesses, a diversified product portfolio, and higher delivery capabilities [45] - In 2024, the focus will be on quality, with measures to shorten construction timelines and establish quality control roles [46] Question: Penetration rate in the existing home market and expansion plans [47] - The company achieved significant improvement in scale, efficiency, and profitability in the existing home market, with a 29% year-over-year increase in GTV [48] - Plans for 2024 include expanding the store network, improving agent expertise, and fostering collaboration with store owners [49][53] Question: Outlook on the real estate market and differentiation between new and existing home markets [54] - The existing home market is expected to remain stable, while the new home market will continue to fluctuate as it bottoms out [63][64] - Demand for home upgrades is dominant, making up 60% of total housing demand [56] Question: Accomplishments and risks in the home rental business [65] - The company expanded its Carefree Rental model to over 200,000 units and improved operational efficiency and service quality [66] - For 2024, the focus will be on achieving operational breakeven in core cities and enhancing service quality [68] Question: Strategy and outlook for the new home business [71] - The company outperformed the industry with a 7% growth in new home GTV, driven by proactive strategies and innovative services [72][73] - Plans for 2024 include promoting strategic collaborations with developers and enhancing infrastructure for new home sales [76]

BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE:BEKE), a leading integrated online and offline platform for housing transactions and services, today announced that its board of directors (the "Board") approved a final cash dividend (the "Dividend") of US$0.117 per ordinary share, or US$0.351 per ADS, to holders of ordinary shares and holders of ADSs of record as of the close of business on April 5, 2024, Beijing/Hong Kong Time and New York Time, respectively, pa ...