Financial Performance - Total transaction value for Q3 2022 was RMB 737.1 billion (USD 103.6 billion), a year-on-year decrease of 11.3%[1] - Net revenue for Q3 2022 was RMB 17.6 billion (USD 2.5 billion), a year-on-year decrease of 2.8%[2] - Net profit for Q3 2022 was RMB 716 million (USD 101 million), compared to a net loss of RMB 1.766 billion in the same period of 2021[2] - In Q3 2022, net revenue decreased by 2.8% to RMB 17.6 billion ($2.5 billion) from RMB 18.1 billion in Q3 2021, primarily due to a decline in total transaction volume[6] - Total transaction volume in Q3 2022 was RMB 737.1 billion ($103.6 billion), down 11.3% from RMB 830.7 billion in Q3 2021, affected by COVID-19 disruptions and liquidity pressures on developers[6] - The company expects total net revenue for Q4 2022 to be between RMB 14.5 billion (USD 2.0 billion) and RMB 15.0 billion (USD 2.1 billion), representing a decline of approximately 15.7% to 18.5% year-over-year[20] User and Agent Metrics - The number of stores as of September 30, 2022, was 41,398, a decrease of 23.3% year-on-year[2] - The number of active agents as of September 30, 2022, was 402,630, a decrease of 21.9% year-on-year[2] - Average monthly active users for Q3 2022 was 42.4 million, down from 46.1 million in the same period of 2021[2] Profitability and Margins - Gross profit increased by 72.8% to RMB 4.8 billion ($0.7 billion) in Q3 2022, with a gross margin of 27.0%, up from 15.2% in Q3 2021[12] - Operating profit for Q3 2022 was RMB 1.2 billion ($0.2 billion), compared to an operating loss of RMB 2.3 billion in Q3 2021, with an operating margin of 6.9%[14] - Adjusted operating profit for Q3 2022 was RMB 2.1 billion ($0.3 billion), with an adjusted operating margin of 12.0%[14] - The net profit margin for the three months ended September 30, 2022, was 4.1% for the three months ended September 30, 2022, compared to a negative margin of 9.8% for the same period in 2021[36] Cash Flow and Liquidity - The company maintained strong cash flow and operational liquidity despite external challenges[5] - As of September 30, 2022, the company had cash, cash equivalents, restricted cash, and short-term investments totaling RMB 57.5 billion (USD 8.1 billion)[19] - Cash and cash equivalents decreased to RMB 18,953,504 thousand from RMB 20,446,104 thousand, a decline of about 7.3%[32] - The net cash generated from operating activities for the nine months ended September 30, 2022, was 5,813,559 RMB, a significant increase from 2,315,937 RMB in the same period of 2021[40] Business Segments - Net revenue from existing home business increased by 16.6% to RMB 7.2 billion ($1 billion) in Q3 2022, driven by an 18.7% rise in total transaction volume to RMB 449 billion ($63.1 billion)[6] - New home business net revenue fell by 31.3% to RMB 7.8 billion ($1.1 billion) in Q3 2022, with total transaction volume dropping 36.2% to RMB 261.5 billion ($36.8 billion)[8] - The home decoration and furnishing business is showing positive growth, with increasing order volumes and average selling prices[5] - The company’s emerging business and others segment generated RMB 801,189 in revenue for the three months ended September 30, 2022, up from RMB 549,572 in the same period of 2021, reflecting a growth of 45.7%[35] Shareholder Returns and Equity - The company initiated a share repurchase plan allowing for the purchase of up to USD 1 billion of Class A ordinary shares and/or ADSs within 12 months, having repurchased approximately 3.3 million ADSs by September 30, 2022[21] - Total equity attributable to shareholders reached RMB 69,107,883 thousand as of September 30, 2022, up from RMB 66,973,976 thousand, a growth of approximately 1.7%[34] Adjusted Metrics and Non-GAAP Measures - The company utilizes non-GAAP financial metrics to assess operational performance, including adjusted operating profit and adjusted net profit, which help identify potential business trends[25] - The adjusted net profit attributable to shareholders excludes similar items, providing a clearer view of the company's financial performance[26] - The adjusted EBITDA is defined as net profit excluding various expenses, including tax, stock-based compensation, and depreciation[16] - The company emphasizes the importance of adjusted EBITDA, which excludes various expenses to provide a clearer picture of profitability[26] Future Outlook and Risks - The company continues to face uncertainties due to recent real estate policies and COVID-19 cases, which may adversely affect operations[20] - Forward-looking statements regarding the company's strategic and operational plans are subject to inherent risks and uncertainties[29] - The company does not undertake any obligation to update forward-looking statements unless required by applicable law[29] Operational Efficiency - The company is focusing on enhancing operational efficiency and profitability amid a challenging macroeconomic environment[5] - The company aims to reshape service operation models to efficiently provide real estate transaction services, including second-hand and new housing transactions[28] - The company is committed to enhancing its platform infrastructure and standards to support rapid and sustainable growth[28]

Financial Performance - Total transaction value for the six months ended June 30, 2022, was RMB 1,225.5 billion, a decrease of 46.5% compared to RMB 2,290.4 billion for the same period in 2021[3]. - Net income for the six months ended June 30, 2022, was RMB 26.3 billion, down 41.3% from RMB 44.9 billion in the same period of 2021[3]. - The company reported a net loss of RMB 2,485 million for the six months ended June 30, 2022, compared to a net profit of RMB 2,174 million in the same period of 2021[3]. - For the first half of 2022, the company's net revenue decreased by 41.3% to RMB 26.3 billion from RMB 44.9 billion in the same period of 2021[13]. - The company's existing home business net revenue fell by 41.1% to RMB 11.7 billion, with total transaction value dropping by 42.1% to RMB 76.76 billion[13]. - The new home business net revenue decreased by 47.2% to RMB 12.6 billion, with total transaction value declining by 50.6% to RMB 41.54 billion[15]. - Gross profit for the six months ended June 30, 2022, was RMB 4.9 billion, down from RMB 10.1 billion in the same period of 2021, with a gross margin of 18.7% compared to 22.6% in 2021[19]. - Operating loss for the six months ended June 30, 2022, was RMB 2.4 billion, compared to an operating profit of RMB 2.1 billion in the same period of 2021, resulting in an operating margin of -9.3%[21]. - Net loss for the six months ended June 30, 2022, was RMB 2.5 billion, compared to a net profit of RMB 2.2 billion in the same period of 2021[22]. - Adjusted operating loss for the six months ended June 30, 2022, was RMB 1.1 billion, compared to an adjusted operating profit of RMB 3.2 billion in the same period of 2021[21]. - Adjusted EBITDA for the six months ended June 30, 2022, was RMB 237 million, compared to RMB 4.6 billion in the same period of 2021[21]. Operational Metrics - The number of stores as of June 30, 2022, was 42,831, a decrease of 19.0% from 52,868 stores as of June 30, 2021[4]. - The number of active agents as of June 30, 2022, was 414,915, down 24.4% from 548,600 agents as of June 30, 2021[4]. - The average monthly active users for the three months ended June 30, 2022, was 43 million, compared to 52.1 million for the same period in 2021[4]. Strategic Initiatives - The company emphasized the synergy between its real estate transaction business, home decoration services, and rental services, reinforcing confidence in its "one body, two wings" strategy[5]. - The company launched the "JiQian 2.0" signing system to enhance the signing experience for customers, including risk disclosure and transaction service processes[6]. - The company is focusing on optimizing inventory management and improving service quality through product upgrades and strong operations[6]. - The company is reducing fixed costs and lowering the breakeven point for its self-operated brand, Lianjia, by adjusting the organizational structure of regional operations teams[6]. - The strategic cooperation with preferred developers is enhancing sales project quality and efficiency, with a notable increase in channel penetration rates[8]. - The company is implementing a "prepaid commission" model to improve sales efficiency and accelerate transaction turnover[8]. Cost Management - Total operating costs decreased by 38.4% from RMB 34.7 billion in the same period of 2021 to RMB 21.4 billion for the six months ended June 30, 2022[17]. - Total operating expenses decreased by 8.2% from RMB 8 billion in the same period of 2021 to RMB 7.4 billion for the six months ended June 30, 2022[20]. - Internal commissions and salaries operating costs were RMB 9 billion for the six months ended June 30, 2022, down from RMB 15 billion in the same period of 2021[17]. - Other costs decreased by 35.8% from RMB 1.6 billion in the same period of 2021 to RMB 1.1 billion for the six months ended June 30, 2022[18]. Cash Flow and Liquidity - Cash and cash equivalents, restricted cash, and short-term investments totaled RMB 50 billion as of June 30, 2022, down from RMB 56.1 billion as of December 31, 2021[26]. - The net cash generated from operating activities for the six months ended June 30, 2022, was RMB 3,808,031 thousand, compared to RMB 3,474,372 thousand for the same period in 2021[26]. - The net cash used in investing activities for the six months ended June 30, 2022, was RMB (11,338,319) thousand, compared to RMB (10,396,836) thousand for the same period in 2021[26]. - The company reported cash outflows for short-term investments of RMB 24,977,548 thousand for the six months ended June 30, 2022, compared to RMB 23,537,416 thousand in the same period of 2021, reflecting an increase of approximately 6%[50]. - The cash inflow from the maturity of short-term investments was RMB 27,161,071 thousand for the six months ended June 30, 2022, compared to RMB 21,736,427 thousand in the same period of 2021, representing an increase of about 25%[50]. - The company had a net cash inflow from financing activities of RMB 35,872 thousand for the six months ended June 30, 2022, compared to a net cash outflow of RMB 943,174 thousand in the same period of 2021[50]. Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 104,366,182, an increase from RMB 100,318,865 as of December 31, 2021, representing a growth of approximately 4.1%[43]. - Current assets decreased to RMB 60,415,042 from RMB 69,926,354, a decline of about 13.5%[43]. - Non-current assets increased significantly to RMB 43,951,140 from RMB 30,392,511, reflecting a growth of approximately 44.6%[43]. - Total liabilities rose to RMB 37,710,696 from RMB 33,263,372, indicating an increase of around 13.8%[45]. - Current liabilities totaled RMB 32,299,308, up from RMB 28,936,137, marking an increase of approximately 8.8%[44]. - The asset-liability ratio as of June 30, 2022, was 36.1%, compared to 33.2% as of December 31, 2021[31]. Employee and Talent Management - The company employed a total of 102,803 employees as of June 30, 2022, with the largest group being brokers and support staff at 70,675[37]. - The company provides competitive compensation and encourages self-development to attract and retain talent[37]. - The company participates in various employee social security plans mandated by local regulations, including pension and medical insurance[38]. Regulatory and Compliance Risks - The company faces foreign exchange risk due to the fluctuation of the RMB against the USD, with a depreciation of approximately 5.0% noted in the six months ending June 30, 2022[32]. - Interest rate risk arises primarily from floating-rate borrowings, which could affect future cash flows due to changes in interest rates[33]. - The company has not identified any significant issues in its interim financial data that would suggest non-compliance with US GAAP[41]. Accounting and Reporting Changes - The company changed its accounting method for capitalizing contract acquisition costs, aligning the amortization method with revenue recognition for the newly acquired home decoration business[77]. - The company’s financial statements are prepared in accordance with U.S. GAAP, and significant estimates include revenue recognition and impairment assessments for long-term assets[82]. - The company has not made adjustments to prior period financial data due to the immaterial cumulative impact of the accounting policy change[78]. Investments and Acquisitions - The company completed the acquisition of Shengdu Home Decoration in late April 2022, contributing to a significant growth in its home decoration business[9]. - The company completed the acquisition of Shengdu Home Decoration for a total consideration of RMB 3.92 billion and 44,315,854 restricted Class A ordinary shares on April 20, 2022[28]. - The total consideration for the acquisition of Saintdo Home Decoration was capped at RMB 8 billion, with an initial 6% stake acquired for RMB 480 million and an additional 43% stake for RMB 3,440 million[187]. Credit and Risk Management - The expected credit loss rate for accounts receivable and contract assets increased to 28.92% as of June 30, 2022, compared to 18.75% as of December 31, 2021[149]. - The company reported a significant increase in expected credit loss rates for loans, rising to 20.53% as of June 30, 2022, from 15.61% as of December 31, 2021[149]. - The overdue rate as of June 30, 2022, was 27.76%, compared to 24.2% as of December 31, 2021, indicating a deterioration in credit quality[167].

KE Holdings Inc. (NYSE:BEKE) Q2 2022 Earnings Conference Call August 23, 2022 8:00 AM ET Company Participants Matthew Zhao - Senior Director, Investor Relations Yongdong Peng - Chief Executive Officer Tao Xu - Chief Financial Officer Conference Call Participants Jiong Shao - Barclays Harry Cheng - Citigroup Inc. Steven Tsai - Morgan Stanley Timothy Zhao - Goldman Sachs Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.Â's Second Quarter 2022 Earnings Conference Call. At th ...

KE Holdings Inc. (NYSE:BEKE) Q1 2022 Results Conference Call May 31, 2022 8:00 AM ET Company Participants Matthew Zhao - IR Director Stanley Peng - Co-Founder, Chairman and CEO Tao Xu - Executive Director and CFO Conference Call Participants Steven Tsai - Morgan Stanley Timothy Zhao - Goldman Sachs Liping Zhao - CICC (Updated Transcript provided to Seeking Alpha by the company.) Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.'s First Quarter 2022 Earnings Conference Cal ...

Financial Performance - Total transaction value for Q1 2022 was RMB 586 billion (USD 92.4 billion), a year-on-year decrease of 45.2%[1] - Net revenue for Q1 2022 was RMB 12.5 billion (USD 2 billion), down 39.4% year-on-year[1] - Net loss for Q1 2022 was RMB 620 million (USD 98 million), with adjusted net profit of RMB 28 million (USD 4 million)[1] - In Q1 2022, net revenue decreased by 39.4% to RMB 12.5 billion (USD 2 billion) from RMB 20.7 billion in Q1 2021, primarily due to a decline in total transaction volume[4] - Total transaction volume in Q1 2022 was RMB 586 billion (USD 92.4 billion), down 45.2% from RMB 1,069.6 billion in Q1 2021, attributed to a continuous decline in both existing and new housing markets and COVID-19 restrictions[4] - Revenue from existing housing business fell 39.2% to RMB 6.2 billion (USD 1 billion) in Q1 2022, with total transaction volume dropping 44.5% to RMB 374.1 billion (USD 59 billion)[4] - New housing business revenue decreased by 40.5% to RMB 5.9 billion (USD 0.9 billion), with total transaction volume down 43.9% to RMB 192.7 billion (USD 30.4 billion)[5] - Gross profit for Q1 2022 was RMB 2.2 billion (USD 0.4 billion), with a gross margin of 17.7%, down from 23.3% in Q1 2021, mainly due to higher fixed salary costs and lower net revenue[7] - Operating loss for Q1 2022 was RMB 918 million (USD 145 million), compared to an operating profit of RMB 1,013 million in Q1 2021, resulting in an operating margin of -7.3%[8] - Adjusted operating loss for Q1 2022 was RMB 450 million (USD 71 million), with an adjusted operating margin of -3.6%, down from 7.6% in Q1 2021[8] - The company reported a decrease in other costs to RMB 500 million (USD 0.1 billion), down 35.9% from RMB 800 million in Q1 2021, primarily due to reduced tax and financial service costs[6] - In Q1 2022, the company reported a net loss of RMB 620 million (USD 98 million), compared to a net profit of RMB 1,059 million in Q1 2021, representing a significant decline[9] - Adjusted net profit for Q1 2022 was RMB 28 million (USD 4 million), down from RMB 1,502 million in the same period of 2021[9] - The diluted net loss per American Depositary Share (ADS) for Q1 2022 was RMB 0.52 (USD 0.08), compared to a diluted net profit of RMB 0.88 in Q1 2021[9] Operational Metrics - Number of stores as of March 31, 2022, was 45,777, a decrease of 6.0% year-on-year[2] - Active agents as of March 31, 2022, totaled 427,379, down 19.1% year-on-year[2] - Monthly active users averaged 39.7 million in Q1 2022, compared to 48.5 million in the same period of 2021[2] Strategic Developments - The company completed the acquisition of Saint Decor, which is expected to accelerate growth in the home decoration business[3] - The company successfully dual-listed on the Hong Kong Stock Exchange on May 11, 2022, to protect stakeholder interests[3] - The company remains optimistic about its "one body, two wings" strategy and aims to explore opportunities in the thriving housing market[3] - The company is focusing on enhancing collaboration with quality real estate developers to improve efficiency through data products[2] Future Outlook - For Q2 2022, the company expects total net revenue to be between RMB 10 billion (USD 1.6 billion) and RMB 10.5 billion (USD 1.7 billion), reflecting a decline of approximately 56.6% to 58.6% year-over-year[10] - The company announced a proposed share repurchase plan to buy back up to USD 1 billion of American Depositary Shares within 12 months, subject to shareholder approval[11] Non-GAAP Financial Metrics - The company utilizes non-GAAP financial metrics, including adjusted net profit, to assess operational performance and provide insights into business trends[14] - The company emphasizes that non-GAAP financial metrics should not be considered in isolation and encourages investors to review financial data comprehensively[15] - Adjusted operating profit is defined as operating profit excluding stock-based compensation and intangible asset amortization from acquisitions and business cooperation agreements[15] - Adjusted net profit is calculated by excluding stock-based compensation, intangible asset amortization, fair value changes of long-term investments, and other specified adjustments[15] Company Structure and Governance - The board of directors includes both executive and independent non-executive members, ensuring diverse governance[19] - The company has over 20 years of operational experience since the establishment of its leading real estate brokerage brand, Lianjia[17] Asset and Liability Overview - As of March 31, 2022, the company's cash and cash equivalents, restricted cash, and short-term investments totaled RMB 50.2 billion (USD 7.9 billion)[9] - As of March 31, 2022, the total assets of the company amounted to RMB 99,303,396, a decrease from RMB 100,318,865 as of December 31, 2021, representing a decline of approximately 1%[21] - The company's total liabilities decreased to RMB 32,773,436 as of March 31, 2022, down from RMB 33,263,372 as of December 31, 2021, reflecting a reduction of about 1.5%[22] - The total current assets as of March 31, 2022, were RMB 61,475,635, down from RMB 69,926,354 as of December 31, 2021, indicating a decrease of about 12%[21] - The company's cash and cash equivalents decreased to RMB 16,579,055 as of March 31, 2022, from RMB 20,446,104 as of December 31, 2021, a reduction of approximately 19%[21] - The company's long-term investments increased to RMB 24,467,116 as of March 31, 2022, from RMB 17,038,171 as of December 31, 2021, representing a growth of about 44%[21] - The total equity attributable to shareholders as of March 31, 2022, was RMB 66,529,960, a slight decrease from RMB 67,055,493 as of December 31, 2021, indicating a decline of approximately 0.8%[25] Cash Flow Analysis - For the three months ended March 31, 2022, the net cash generated from operating activities was RMB 834,751 thousand, a significant decrease from RMB 2,473,055 thousand in the same period of 2021[31] - The net cash used in investing activities for the same period was RMB (4,257,292) thousand, compared to RMB (11,514,061) thousand in Q1 2021, indicating a reduction in investment outflows[31] - The net cash generated from financing activities was RMB 128,971 thousand, a turnaround from a net cash used of RMB (930,975) thousand in Q1 2021[31] - The total cash and cash equivalents decreased by RMB 3,321,933 thousand, down from a decrease of RMB 9,773,380 thousand in the same quarter of the previous year[31] Contribution Profit Analysis - The contribution profit from the existing home business for Q1 2022 was RMB 2,323,669 thousand, down from RMB 4,079,850 thousand in Q1 2021, reflecting a decline of approximately 43%[32] - The new home business generated a contribution profit of RMB 1,080,379 thousand in Q1 2022, a decrease of about 44% from RMB 1,922,318 thousand in the same quarter of 2021[32] - The emerging business and others reported a contribution profit of RMB 216,192 thousand, down from RMB 465,790 thousand in Q1 2021, representing a decline of approximately 54%[32] - The net income from the existing home business for Q1 2022 was RMB 6,151,456 thousand, a decrease of about 40% compared to RMB 10,196,295 thousand in Q1 2021[32] - The net income from the new home business for Q1 2022 was RMB 5,910,044 thousand, down from RMB 9,928,347 thousand in the same period of 2021, indicating a decline of approximately 40%[32]

TABLE OF CONTENTS Exhibit 99.1 KE Holdings Inc. Supplemental and Updated Disclosures KE Holdings Inc. (the "Company" or "we") has filed an application (the "Listing Application") with The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") in connection with a proposed dual primary listing (the "Listing") of its Class A ordinary shares on the Main Board of the Hong Kong Stock Exchange by way of introduction. The Listing Application contains supplemental and updated descriptions of certain a ...

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, 2021. 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 SECURITI ...

Financial Data and Key Metrics Changes - In Q4 2021, net revenues were RMB 17.8 billion, down from RMB 22.7 billion in Q4 2020, primarily due to a 34.6% decline in total GTV to RMB 732.4 billion from RMB 1,120.0 billion in the same period of 2020 [53] - Gross profit decreased to RMB 2.9 billion in Q4 2021 from RMB 5.4 billion in Q4 2020, with a gross margin of 16.4% compared to 23.9% in the same period of 2020 [56] - For the fiscal year 2021, net revenues increased by 14.6% to RMB 80.8 billion from RMB 70.5 billion in 2020, despite a challenging market environment [66] Business Line Data and Key Metrics Changes - Existing home transaction services net revenues were RMB 6 billion in Q4 2021, down from RMB 9.2 billion in Q4 2020, with GTV of existing home transactions dropping 39.4% to RMB 354.6 billion [54] - New home transaction services net revenues decreased by 12.2% to RMB 11.3 billion in Q4 2021 from RMB 12.9 billion in Q4 2020, with GTV of new home transactions dropping 24% [55] - Emerging and other services net revenues were RMB 0.5 billion in Q4 2021, slightly down from RMB 0.6 billion in Q4 2020 [56] Market Data and Key Metrics Changes - The number of agents on the Beike platform declined by 7.8% year-over-year to approximately 455,000 by the end of Q4 2021 [19] - Active agents were around 407,000, down 8.7% year-over-year, reflecting the broader market's challenges [19] - The existing home market shrank by approximately 43% year-over-year in Q4 2021, while the new home market declined by 20% year-over-year [22][25] Company Strategy and Development Direction - The company launched a "one body, two wings" strategy at the end of 2021, focusing on core home transaction services and expanding into home renovation and inclusive housing services [12] - The strategy aims to enhance service quality and customer trust while addressing evolving consumer demands in the housing market [12][13] - The company plans to invest in infrastructure and agent training to improve operational efficiency and support the growth of its two wings [75] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unprecedented challenges faced in 2021, including market corrections and changes in consumer behavior [7][11] - The company remains optimistic about market recovery, expecting gradual improvements in transaction volumes and market sentiment in 2022 [52][76] - Management emphasized the importance of adapting to market changes and focusing on internal capabilities to navigate future challenges [11][30] Other Important Information - The company maintained a strong cash position with RMB 56.1 billion in cash and short-term investments as of December 31, 2021 [65] - The company faced allegations from a short-seller report in December 2021, which were later found to be unsubstantiated following an internal review [72][73] - The company is committed to high standards of data integrity and corporate governance [73] Q&A Session Summary Question: Market conditions and housing recovery trends - Management noted that the market has shown signs of stabilization with improving credit conditions and pent-up demand, but recovery will take time [86][88] - They expect existing home transaction GTV to decline by about 50% year-over-year in Q1 2022, with gradual recovery anticipated in the second half of the year [95][102] Question: Company's strategy and investment in 2022 - The company will focus on operational efficiency and profitability while investing in its two wings, home renovation and inclusive housing services [104][106] - Management highlighted the importance of leveraging existing capabilities to capture new demand and mitigate downturns in the core business [108]

Exhibit 99.1 KE Holdings Inc. Announces Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results BEIJING, China, March 9, 2022 - KE Holdings Inc. ("Beike" or the "Company") (NYSE: BEKE), a leading integrated online and offline platform for housing transactions and services, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021. Business and Financial Highlights for the Fourth Quarter and the Fiscal Year 2021 • Gross transaction value (GTV) in 2 ...

Financial Performance - Gross transaction value (GTV) for Q3 2021 was RMB830.7 billion (US$128.9 billion), a decrease of 20.9% year-over-year[2] - Net revenues decreased by 11.9% to RMB18.1 billion (US$2.8 billion) in Q3 2021 from RMB20.5 billion in Q3 2020[12] - Net loss was RMB1,766 million (US$274 million), with an adjusted net loss of RMB888 million (US$138 million)[2] - Net revenues from existing home transaction services were RMB6.1 billion (US$0.9 billion), a decrease from RMB8.8 billion in Q3 2020[12] - Net revenues from new home transaction services increased by 2.5% to RMB11.3 billion (US$1.8 billion) in Q3 2021[15] - Total net revenues for the three months ended September 30, 2021, were RMB 18,096,140, a decrease of 12% compared to RMB 20,548,915 for the same period in 2020[58] - Existing home transaction services generated RMB 6,138,020 in revenue for the three months ended September 30, 2021, down 30% from RMB 8,849,706 in the same period of 2020[58] - New home transaction services revenue increased to RMB 11,348,472 for the three months ended September 30, 2021, up 2.5% from RMB 11,074,424 in the same period of 2020[58] - The overall net revenues for the nine months ended September 30, 2021, reached RMB 25,962,650, compared to RMB 21,404,907 for the same period in 2020, reflecting a growth of about 21.3%[75] Loss and Adjusted Metrics - Loss from operations was RMB2,300 million (US$357 million) in Q3 2021, compared to RMB81 million in Q3 2020[24] - Adjusted loss from operations was RMB1,435 million (US$223 million) in Q3 2021, compared to adjusted income from operations of RMB1,740 million in Q3 2020, resulting in an adjusted operating margin of negative 7.9%[26] - Net loss was RMB1,766 million (US$274 million) in Q3 2021, compared to net income of RMB75 million in Q3 2020[27] - Adjusted net loss attributable to KE Holdings Inc. was RMB887 million (US$138 million) in Q3 2021, compared to adjusted net income of RMB1,857 million in Q3 2020[28] - Diluted net loss per ADS attributable to KE Holdings Inc. was RMB1.50 (US$0.23) in Q3 2021, compared to RMB0.33 in Q3 2020[31] - Adjusted EBITDA was negative RMB550 million (US$85 million) in Q3 2021, compared to RMB2,248 million in Q3 2020[26] - The company reported a total comprehensive loss of RMB 1,652,458 for the three months ended September 30, 2021, compared to a comprehensive income of RMB 669,704 in the same period of 2020[58] - Net income for the three months ended September 30, 2021, was a loss of RMB 1,765,875, compared to a profit of RMB 75,341 for the same period in 2020[65] User and Agent Metrics - Number of active agents increased by 13.1% year-over-year to 468,014 as of September 30, 2021[6] - Mobile monthly active users (MAU) averaged 46.1 million, down from 47.9 million in the same period of 2020[6] Cash and Assets - As of September 30, 2021, the combined balance of cash, cash equivalents, restricted cash, and short-term investments amounted to RMB52.7 billion (US$8.2 billion)[32] - Total current assets decreased from RMB 87,539,101 as of December 31, 2020 to RMB 70,311,349 as of September 30, 2021, a decline of approximately 19.7%[51] - Total non-current assets increased significantly from RMB 16,756,435 as of December 31, 2020 to RMB 31,829,725 as of September 30, 2021, an increase of approximately 89.9%[51] - Total liabilities decreased from RMB 37,503,020 as of December 31, 2020 to RMB 33,985,421 as of September 30, 2021, a reduction of approximately 9.5%[53] - KE Holdings Inc. shareholders' equity increased from RMB 66,765,447 as of December 31, 2020 to RMB 68,102,505 as of September 30, 2021, an increase of approximately 2.0%[55] - Cash and cash equivalents decreased from RMB 40,969,979 as of December 31, 2020 to RMB 21,780,230 as of September 30, 2021, a decline of approximately 46.9%[51] - Accounts receivable decreased from RMB 13,183,559 as of December 31, 2020 to RMB 10,516,025 as of September 30, 2021, a decrease of approximately 20.2%[51] - Total assets decreased from RMB 104,295,536 as of December 31, 2020 to RMB 102,141,074 as of September 30, 2021, a decrease of approximately 2.1%[54] Operational Expenses - Operating expenses for the three months ended September 30, 2021, totaled RMB 5,054,455, an increase of 13% compared to RMB 4,464,246 for the same period in 2020[58] - Research and development expenses for the three months ended September 30, 2021, were RMB 1,042,906, an increase from RMB 789,089 in the same period of 2020[62] - Share-based compensation expenses for the three months ended September 30, 2021, were RMB 349,599, compared to RMB 1,668,195 in the same period of 2020[65] Future Outlook and Strategy - For Q4 2021, the company expects total net revenues to be between RMB14.5 billion (US$2.3 billion) and RMB15.5 billion (US$2.4 billion), representing a decrease of approximately 31.6% to 36.0% from the same quarter of 2020[33] - The company plans to enhance service quality and technological empowerment to adapt to new regulatory measures in the real estate market[11] - The company is focusing on expanding its market presence and enhancing its service offerings to drive future growth[75] - The financial performance indicates a need for strategic adjustments in the existing home transaction services segment to improve profitability[75]