Core Insights - The article highlights the financial performance of Beike (NYSE:BEKE; HKEX:2423) for the second quarter of 2025, showcasing its steady growth driven by refined operations and scientific management [1] Financial Performance - The total transaction volume (GTV) reached 878.7 billion RMB, representing a year-on-year increase of 4.7% [1] - Net revenue amounted to 26 billion RMB, reflecting a year-on-year growth of 11.3% [1] - The net profit was reported at 1.307 billion RMB, with adjusted net profit at 1.821 billion RMB [1] Business Diversification - Non-real estate transaction service revenue accounted for 41% of total net revenue, marking a historical high and indicating a diversified growth pattern [1]

格隆汇8月26日｜科技驱动的一站式新居住服务平台贝壳(NYSE:BEKE；HKEX:2423)8月26日发布2025 年第二季度财务业绩。贝壳于今年二季度实现总交易额(GTV)8,787亿元人民币，同比增长4.7%；净收 入达到260亿元人民币，同比增长11.3%，经调整净利润为18.21亿元人民币。与此同时，贝壳宣布已获 董事会批准对现有股份回购计划进行进一步扩大及延长，回购授权由30亿美元增加至50亿美元，回购计 划期限延长至2028年8月31日。 基于稳健的现金储备，贝壳持续加大股东回报，通过积极的股票回购，进一步提升资本配置、提高资本 运营效率，并与投资者分享发展的红利。2025年二季度，贝壳回购金额约2.5亿美元。今年上半年，贝 壳累计斥资约3.94亿美元用于股票回购，回购股数占2024年末已发行总股本的约1.7%。自2022年9月回 购计划启动以来，截至2025年二季度末，贝壳累计回购金额达20.2亿美元，累计回购股数约占回购计划 启动前已发行总股本的10.3%。 "贝壳凭借稳固的业务基础和多元化布局，实现了显著优于市场的表现。我们在做积极的经营改善，推 动企业长期价值的最大化。AI驱动的精细化运 ...

8月26日晚间，贝壳在港交所公告，2025年第二季度净收入为人民币260亿元，同比增加11.3%；净利润 为人民币13.07亿元，同比下降31.2%。截至2025年6月30日门店数量为60,546家，较上年同期增加 31.8%。 来源：智通财经 ...

Core Viewpoint - Beike-W (02423) reported a total net revenue of RMB 49.339 billion for the six months ending June 30, 2025, representing a year-on-year increase of 24.13%, while net profit attributable to Beike Holdings Limited decreased by 7.2% to RMB 2.157 billion [1] Group 1: Financial Performance - The net income for the first half of the year was RMB 49.339 billion, a 24.13% increase year-on-year [1] - Net profit attributable to Beike Holdings Limited was RMB 2.157 billion, a decrease of 7.2% year-on-year [1] - Basic earnings per share for ordinary shareholders was RMB 0.64 [1] Group 2: Business Strategy and Operations - The company is transitioning from scale-driven growth to efficiency-driven growth, leveraging AI technology and scientific management in property transaction services [2] - In the home decoration and furnishing business, the company is focusing on community cultivation and enhancing user trust and convenience through productized model homes [2] - The rental service is improving operational efficiency through product iteration and AI-driven operations [2] Group 3: Market Position and Growth - The platform's non-chain active store count increased by 36.8% year-on-year, and the number of non-chain active agents grew by nearly 24% [3] - Non-property transaction services accounted for 41% of total net revenue in the second quarter, marking a historical high [3] - The company has repurchased approximately USD 394 million in shares, representing about 1.7% of the total shares outstanding as of the end of 2024, and has increased the share repurchase authorization from USD 3 billion to USD 5 billion, extending the plan until August 31, 2028 [3]

Core Insights - The company reported a total net revenue of RMB 49.339 billion for the six months ending June 30, 2025, representing a year-on-year increase of 24.13% [1] - Net profit attributable to the company decreased by 7.2% to RMB 2.157 billion, with basic earnings per share of RMB 0.64 [1] Group 1: Business Performance - The company is transitioning from scale-driven growth to efficiency-driven growth, leveraging AI technology and scientific management in property transaction services [2] - The expansion of the company's network saw a 36.8% year-on-year increase in non-chain active stores and a nearly 24% increase in non-chain active agents [3] - Non-property transaction services accounted for 41% of total net revenue in the second quarter, marking a historical high and indicating a diversified growth pattern [3] Group 2: Strategic Initiatives - The company is enhancing its home decoration and rental services by focusing on community engagement and product iteration, aiming to improve user trust and operational efficiency [2] - The company has allocated approximately USD 394 million for share repurchases, representing about 1.7% of the total shares outstanding as of the end of 2024, and has increased the share repurchase authorization from USD 3 billion to USD 5 billion, extending the plan until August 31, 2028 [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 KE Holdings Inc. 貝殼控股有限公司 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2423） 內幕消息 貝殼控股有限公司公佈2025年第二季度 未經審計財務業績及擴大及延長股份回購計劃 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09條及《證券及期貨 條例》（第571章）第XIVA部而刊發。 中國北京，2025年8月26日－領先的線上線下一體化的房產交易和服務平台貝 殼控股有限公司（「貝殼」或「本公司」）（紐交所代碼：BEKE；香港聯交所代號： 2423）今日公佈其截至2025年6月30日止第二季度未經審計財務業績，有關業績乃 根據不同於國際財務報告準則的美國公認會計準則（「公認會計準則」）編製，並公 佈擴大及延長股份回購計劃。 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 2025年第二季度業務及財務摘要 • 總交易額1為人民幣8,787億元 ...

BEIJING, Aug. 26, 2025 (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 its unaudited financial results for the second quarter ended June 30, 2025. Business and Financial Highlights for the Second Quarter 2025 Gross transaction value (GTV)1 was RMB878.7 billion (US$122.7 billion), an increase of 4.7% year-over-year. GTV of existing home transactions was RMB583.5 bi ...

Group 1 - The core viewpoint of the article indicates that Beike (BEKE.US) is experiencing a pre-market increase of 2% ahead of its earnings report scheduled for August 26, 2023 [1] - Beike is expected to report Q2 2025 revenue of 26.195 billion yuan, representing a year-on-year increase of 12.09%, while the expected earnings per share is 0.982 yuan, reflecting a year-on-year decrease of 39.01% [1] - Recent favorable policies in Shanghai's real estate sector, including adjustments to housing purchase limits, provident funds, housing credit, and housing taxes, are anticipated to positively impact real estate transaction service platforms like Beike and Fangduoduo by increasing transaction volumes and boosting market confidence [1] Group 2 - As of August 25, 2023, Beike's closing price was $18.820, with a pre-market price of $19.200, showing a 2.02% increase [1] - The stock's highest price reached $19.290, while the lowest was $18.800, with a trading volume of 10.8947 million shares and a total transaction value of 207 million yuan [1] - Beike's total market capitalization stands at 22.41 billion yuan, with a price-to-earnings ratio of 35.31 and a price-to-book ratio of 2.328 [1]

合肥二手房有新动作。 据了解，贝壳已经关闭了合肥二手房成交价格更新。 此前，贝壳隐藏了成交信息，但好好选房小程序还是能看到，如今贝壳关闭了成交更新，以后成交情况大众就都看不到了。 从好好选房小程序可以看到，成交价格信息确实已经没有更新了。 此前，上海链家（贝壳平台）自2025年8月14日起隐藏了所有二手房成交价，用户无法直接查看历史成交价格。 隐藏成交价可能导致信息不对称，增加交易成本。建议购房者结合多渠道信息，谨慎决策。 PART.03 速看！S1号线迎来关键节点…… 8月22日 合肥新桥机场S1号线 首通段顺利获得单车认证 首列电客车开启正线动车调试 这标志着项目由施工安装阶段 转入动车调试新阶段 这一举措旨在减少房东恐慌情绪，避免因价格波动引发的市场焦虑。虽然成交价被隐藏，但可通过以下方式获取大致信息： 联系经纪人咨询：直接与房源对应的成交经纪人沟通，了解具体成交价格及交易细节。 使用价格筛选法：在贝壳APP或相关平台中，通过逐步缩小价格区间筛选房源，结合挂牌价和市场行情推测成交价。例如，若某 房源挂牌价为2120万，通过多次筛选价格区间，最终确定其成交价在2023-2024万之间。 参考第三方平台：部 ...

Investment Rating - The report maintains a "Positive" outlook for the real estate industry [6] Core Insights - The recent policy adjustments in Beijing and Shanghai align with expectations and are moderate in intensity, which will aid in regional inventory digestion. This series of "city-specific policies" strengthens confidence in the industry's long-term recovery path [1][4] - The recovery of real estate stocks does not solely depend on the timing of policy implementations; rather, the decline in risk-free interest rates and the reduction in industry risk assessments are the primary drivers of this recovery. The market has entered a new bottoming phase, where the impact of the denominator (risk-free rates) outweighs that of the numerator (real estate prices) [2] - The new policies in Shanghai, including the relaxation of purchase restrictions and adjustments to mortgage rates, are expected to stimulate demand in suburban areas, which will help reduce inventory [3] Summary by Sections Policy Developments - On August 25, Shanghai announced new housing policies, including easing purchase restrictions outside the outer ring and enhancing public housing fund support. The adjustments are expected to significantly impact the new housing market, particularly in suburban areas [3] - The report notes that the new policies are similar to those in Beijing, focusing on optimizing public housing fund policies and adjusting commercial loan rates to lower housing costs [3] Market Trends - Since Q2 of this year, the new housing market has shown signs of weakening in both volume and price, increasing the pressure for stabilization. The recent policies from Beijing and Shanghai have reinforced confidence in the industry's long-term recovery, with further policy space anticipated [4] Investment Recommendations - The report suggests focusing on specific stocks: China Merchants Shekou (001979, Buy), Poly Developments (600048, Buy), Beike-W (02423, Buy), Longfor Group (00960, Buy), and Gemdale Corporation (600383, Hold) [5]