EF001 免責聲明 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，本公司董事會由執行董事彭永東先生、單一剛先生、徐萬剛先生及徐濤先生，非執行董事李朝暉先生以及獨立非執 行董事陳小紅女士、朱寒松先生及武軍先生組成。 第 2 頁 共 2 頁 v 1.1.1 | 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 | | | --- | --- | | 公告全部或任何部份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。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 貝殼控股有限公司 | | 股份代號 | 02423 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 末期現金股息 | | 公告日期 | 2025年3月18日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年1 ...

Financial Performance - For the fiscal year ending December 31, 2024, total transaction value reached RMB 3,349.4 billion, an increase of 6.6% compared to RMB 3,142.9 billion in 2023[4]. - Net income for the fiscal year was RMB 93.5 billion, up 20.2% from RMB 77.8 billion in 2023[4]. - Adjusted net profit for the fiscal year was RMB 72.1 billion, down from RMB 97.98 billion in 2023[6]. - In 2024, net revenue increased by 20.2% to RMB 93.5 billion from RMB 77.8 billion in 2023, driven by growth in new housing and home decoration businesses[22]. - Total net revenue for 2024 reached RMB 93.46 billion, a 20.1% increase from RMB 77.78 billion in 2023[96]. - Operating profit for 2024 was RMB 3.76 billion, down 21.5% from RMB 4.80 billion in 2023[97]. - Net profit for 2024 was RMB 4,078,180, a decrease of 30.7% compared to RMB 5,889,604 in 2023[105]. - Basic earnings per share decreased to RMB 1.19 from RMB 1.67, reflecting a decline of 28.7%[99]. Business Growth - The number of stores increased to 51,573, representing a growth of 17.7% from 43,817 stores in 2023[6]. - Active agents reached 499,937, a rise of 16.9% from 427,656 agents in 2023[6]. - The total transaction value of existing homes was RMB 2,246.5 billion, a 10.8% increase from RMB 2,028.0 billion in 2023[4]. - The total transaction value for home decoration and furniture was RMB 16.9 billion, up 27.3% from RMB 13.3 billion in 2023[4]. - The home decoration and furnishing business saw a total transaction value growth of 27.3% year-on-year and a revenue increase of 36.1% in 2024, with profit margin rising from 29.0% in 2023 to 30.7% in 2024[13]. - The rental housing service expanded its managed properties to over 430,000 units by the end of 2024, up from over 210,000 units at the end of 2023[15]. Operational Efficiency - The average turnover days for new housing accounts receivable decreased to just 34 days in Q4 2024, indicating improved operational efficiency[12]. - Contribution profit margin for existing housing business decreased from 47.2% in 2023 to 43.2% in 2024, primarily due to increased fixed salary costs for agents[26]. - Contribution profit for home decoration improved from 29.0% in 2023 to 30.7% in 2024, due to refined operational management and enhanced supply chain capabilities[29]. Cash Flow and Investments - Cash flow from operating activities decreased to RMB 9.45 billion in 2024 from RMB 11.41 billion in 2023[49]. - The net cash generated from operating activities for 2024 is RMB 9.4 billion, with a net profit of RMB 4.078 billion, reflecting a difference due to non-cash adjustments of RMB 3.681 billion[54]. - The company’s total cash outflow from investing activities was RMB 9,378,025 in 2024, compared to RMB 3,977,440 in 2023, indicating a significant increase in investment expenditures[106]. Shareholder Returns - The company plans to pay a total dividend of approximately $400 million, reflecting its strong cash reserves and commitment to shareholder returns[19]. - The board approved a final cash dividend of $0.12 per ordinary share and $0.36 per American depositary share, totaling approximately $400 million to be paid from the company's retained earnings[85]. - The company repurchased approximately $716 million worth of American Depositary Shares in 2024, representing about 3.89% of the total shares outstanding as of the end of 2023[19]. Corporate Governance and Compliance - The company has complied with all applicable principles and code provisions of the corporate governance code during the reporting period[80]. - The audit committee has reviewed the unaudited annual results for the year ending December 31, 2024[84]. - The company emphasizes that the decision to distribute dividends is subject to future operational performance, capital requirements, and other relevant factors[86]. Research and Development - Research and development expenses grew by 17.9% from RMB 1.9 billion in 2023 to RMB 2.3 billion in 2024, mainly due to an increase in the number of R&D personnel and technical service costs[36]. - The company is focused on enhancing the C2M service model through data-driven insights to better meet market demands in the residential development sector[16]. Market Position and Strategy - The company emphasized strengthening its "one-stop living service platform" capabilities to drive solid business development and ecological value release[8]. - The company plans to enhance its platform capabilities and expand into new markets, focusing on strategic growth initiatives[94]. - The company aims to leverage AI for personalized customer insights and improve service capabilities across its business lines in 2025[18].

Core Viewpoint - KE Holdings Inc. ("Beike") reported its financial results for the fourth quarter and fiscal year 2024, highlighting a significant increase in net revenues and gross transaction value (GTV), despite a decrease in net income and adjusted net income year-over-year. The company emphasizes its commitment to technology-driven and human-centric services in the evolving real estate market in China [1][4][23]. Financial Highlights for Q4 and FY 2024 - In Q4 2024, net income was RMB577 million (US$79 million), a decrease of 13.9% year-over-year, while adjusted net income was RMB1,344 million (US$184 million), down 21.6% year-over-year [3][17]. - The total GTV for 2024 was RMB3,349.4 billion (US$458.9 billion), an increase of 6.6% year-over-year, with net revenues reaching RMB93.5 billion (US$12.8 billion), a 20.2% increase year-over-year [5][23]. - The number of active stores on the platform grew to nearly 49,700, an 18.3% increase year-over-year, and the number of active agents surpassed 445,000, a 12.1% increase year-over-year [4][5]. Revenue Breakdown - GTV of existing home transactions in 2024 was RMB2,246.5 billion (US$307.8 billion), up 10.8% year-over-year, while GTV of new home transactions decreased by 3.3% to RMB970.0 billion (US$132.9 billion) [5][25]. - Net revenues from home renovation and furnishing services increased by 36.1% to RMB14.8 billion (US$2.0 billion) in 2024, and net revenues from home rental services surged by 135.0% to RMB14.3 billion (US$2.0 billion) [23][25]. Cost and Profitability - Total cost of revenues increased by 25.8% to RMB70.5 billion (US$9.7 billion) in 2024, with gross profit rising by 5.6% to RMB22.9 billion (US$3.1 billion) [24][26]. - The gross margin for 2024 was 24.6%, down from 27.9% in 2023, primarily due to increased fixed compensation costs [26]. Shareholder Returns - The company repurchased shares totaling approximately US$716 million in 2024, representing about 3.9% of total issued shares at the end of 2023 [8]. - A final cash dividend of US$0.12 per ordinary share, or US$0.36 per ADS, was declared, amounting to approximately US$0.4 billion [37][38]. Strategic Outlook - The company aims to enhance its technology-driven and human-centric approach, leveraging AI to better understand customer needs and improve service efficiency [4][6].

Financial Performance - Total transaction value for 2024 reached RMB 3,349.4 billion (USD 458.9 billion), an increase of 6.6% year-on-year[4] - Net income for 2024 was RMB 93.5 billion (USD 12.8 billion), representing a year-on-year increase of 20.2%[5] - Adjusted net profit for 2024 was RMB 72.11 billion (USD 9.88 billion), a decrease of 26.4% year-on-year[5] - Total revenue for 2024 increased by 20.2% to RMB 93.5 billion (USD 12.8 billion) from RMB 77.8 billion in 2023, driven by growth in new housing and home decoration businesses[27] - Operating profit for 2024 was RMB 3.765 billion (USD 516 million), with an operating margin of 4.0%, down from 6.2% in 2023[34] - Net profit for 2024 was RMB 4.078 billion (USD 559 million), compared to RMB 5.890 billion in 2023[37] - The company reported a basic earnings per share of RMB 1.19 for the year ended December 31, 2024, compared to RMB 1.67 in 2023, a decrease of 29%[73] Transaction and Revenue Growth - Active stores as of December 31, 2024, totaled 51,573, a growth of 17.7% compared to the previous year[6] - Active agents numbered 499,937 as of December 31, 2024, reflecting a year-on-year increase of 16.9%[6] - The total transaction value for Q4 2024 was RMB 1,143.8 billion (USD 156.7 billion), a year-on-year increase of 55.5%[5] - In Q4 2024, the company's net revenue increased by 54.1% year-over-year to RMB 31.1 billion (USD 4.3 billion) from RMB 20.2 billion, driven by growth in total transaction volume and expansion in housing rental services[10] - The net revenue from existing housing business in Q4 2024 was RMB 8.9 billion (USD 1.2 billion), a 47.5% increase from RMB 6.0 billion in Q4 2023[10] - The net revenue from new housing business in Q4 2024 increased by 72.7% to RMB 13.1 billion (USD 1.8 billion) from RMB 7.6 billion in Q4 2023[12] Cost and Expense Management - Operating costs for 2024 increased by 25.8% to RMB 70.5 billion (USD 9.7 billion) from RMB 56.1 billion in 2023[29] - The company's operating costs for external commissions increased by 11.5% to RMB 22.8 billion (USD 3.1 billion) in 2024, compared to RMB 20.4 billion in 2023, driven by new home business net income growth[31] - Internal commission and salary costs rose by 11.1% to RMB 18.9 billion (USD 2.6 billion) in 2024 from RMB 17 billion in 2023, due to increased transactions and improved benefits for agents[31] - Operating expenses grew by 13.3% to RMB 19.2 billion (USD 2.6 billion) in 2024, up from RMB 16.9 billion in 2023[33] Research and Development - The company's research and development expenses in Q4 2024 rose by 38.4% to RMB 739 million (USD 101 million) due to an increase in the number of R&D personnel and technical service costs[17] - Research and development expenses increased by 17.9% to RMB 2.3 billion (USD 300 million) in 2024, primarily due to an increase in R&D personnel and technical service costs[35] Shareholder Returns - The company plans to repurchase approximately USD 716 million worth of shares in 2024, representing about 3.9% of the total shares outstanding as of the end of 2023[10] - The company announced a final cash dividend of USD 0.12 per ordinary share, totaling approximately USD 400 million[42] - The dividend payment date is expected to be around April 22, 2025, for common shareholders and April 25, 2025, for American depositary share holders[44] Market Strategy and Outlook - The company aims to enhance customer experience and service efficiency through technology and humanistic values[7] - The company plans to continue expanding its market presence and enhancing its service offerings in the coming fiscal year[27] - The company is focusing on expanding its market presence and exploring potential mergers and acquisitions to drive growth[54] - The management anticipates a positive outlook for the overall economic conditions in China, which may influence future business performance[54] Cash Flow and Liquidity - Cash, cash equivalents, restricted cash, and short-term investments totaled RMB 61.6 billion (USD 8.4 billion) as of December 31, 2024[25] - The company's cash and cash equivalents decreased from RMB 19.63 billion in 2023 to RMB 11.44 billion in 2024, a decline of about 41.6%[58] - The total current liabilities are expected to rise from RMB 39.52 billion in 2023 to RMB 52.74 billion in 2024, an increase of approximately 33.4%[60] - The total net increase in cash and cash equivalents for the three months ended December 31, 2024, was RMB 4,480,990, compared to RMB 3,862,085 for the same period in 2023, reflecting an increase of 16%[80] Non-GAAP Metrics - The company utilizes non-GAAP financial metrics to assess operational performance, including adjusted operating profit and adjusted net profit[48] - Adjusted operating profit excludes stock-based compensation, intangible asset amortization, and impairment of goodwill and other long-term assets[49] - The company emphasizes that non-GAAP metrics should not be viewed in isolation and encourages investors to review them alongside GAAP metrics[49]

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。 本公司董事會（「董事會」）欣然宣佈，根據上海證券交易所及深圳證券交易所分別 刊發的公告，本公司A類普通股已獲納入滬港通及深港通（「納入」），自2025年3 月10日起生效。 於納入後，中國大陸的合資格投資者將能夠直接交易本公司的A類普通股。預期 納入將有助於進一步擴大和多元化本公司的投資者基礎，提升本公司交易流動 性，同時通過金融市場在更大程度上與中國大陸的投資者們分享本公司的成長以 及日後的進一步成功。 董事會謹此感謝本公司股東及投資者對本公司的持續支持。本公司將繼續發展業 務，為股東創造價值。 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。 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） 自願公告 本公司A類普通股獲納入滬港通及深港通 本公告由貝殼控股有限公司（「本公司」）自願作出，旨在向其股東及潛在投資者提 ...

Core Viewpoint - KE Holdings Inc. has announced the inclusion of its Class A ordinary shares in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective March 10, 2025, which is expected to enhance its investor base and trading liquidity [1][2]. Group 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 23 years of experience in the real estate brokerage sector [4]. - The company aims to reinvent housing transactions by building infrastructure and standards that facilitate efficient navigation and completion of services related to home sales, rentals, renovations, and furnishings [4]. Group 2: Market Access and Investor Impact - The inclusion in the stock connect programs allows eligible investors in Mainland China to directly trade the company's Class A ordinary shares, which is anticipated to diversify the investor base and improve trading liquidity [2][3]. - This move enables the company to share its growth and future success with a broader range of investors in Mainland China through the financial market [2].

上调！ 近期，国际权威评级机构摩根士丹利资本国际公司（MSCI）公布最新ESG（环境、社会和治理）评级结果，将贝壳（BEKE.US/02423.HK）的ESG评级 由"BBB"级上调至"A"级，评级综合得分领先互联网行业。 帮消费者安居，助服务者乐业，贝壳持续践行ESG理念，在推动行业服务品质升级、人才培训及 发展、低碳绿色、社区公益等领域一直表现卓越。 MSCI ESG评级结果是全球各大投资机构进行投资决策的重要依据，此次贝壳获得MSCI ESG评级提升，不仅验证了贝壳长期主义战略的价值，更彰显其以社 会价值驱动高质量发展的使命担当。 推动服务者"专业化"转型 以服务重塑居住价值 在"一体三翼"战略下，贝壳以消费者需求为出发点，通过覆盖房产交易、家装家居、房屋租赁的全场景服务承诺体系，重塑行业信任标准和品质基石。 在房产交易领域，贝壳真房源服务承诺已连续13年实现平台100%覆盖，真房源率长期保持在95%以上。2024年11月，贝壳推出"3+3"平台级服务承诺，并宣 布设立1亿元平台赔付保障资金，进一步提升消费者的服务保障。 在美好租住领域，贝壳致力打造"省心租，安心住"的租住环境，多层次扩大优质供给。此外 ...

Core Viewpoint - KE Holdings Inc. will report its unaudited financial results for Q4 and fiscal year 2024 on March 18, 2025, before the U.S. market opens [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 [3] - The company has over 23 years of experience since Lianjia's inception in 2001, which supports its infrastructure and standards for housing transactions [3] Earnings Conference Call - The management will hold an earnings conference call on March 18, 2025, at 8:00 A.M. Eastern Time [2] - Participants can register online to join the call, and a replay will be available until March 25, 2025 [2]

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份內容而產生或因倚 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 參與者在線登記： （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） 董事會會議召開日期 貝殼控股有限公司（「本公司」，連同其附屬公司及合併聯屬實體，統稱「本集團」） 董事會（「董事會」）茲通告謹定於2025年3月18日（星期二）舉行董事會會議，以 （其中包括）考慮及通過(i)本集團截至2024年12月31日止三個月的未經審計財務業 績及其發佈，(ii)本集團截至2024年12月31日止的未經審計全年業績及其發佈， 以及(iii)派發末期股息（如有）。 本公司的管理層將於美國東部時間2025年3月18日（星期二）上午八時正（即北 京╱香港時間同日的下午八時正）舉行業績電話會議。 有意使用撥號參加電話會議的參與者請在會議計劃開始時間前至少20分鐘使用下 文提供的鏈接完成在線登記。撥號、會議密碼及唯一的訪問個人識別碼將在登記 後提 ...

Core Insights - KE Holdings Inc. ("Beike") has upgraded its Environmental, Social and Governance (ESG) rating from "BBB" to "A" by MSCI, marking the second consecutive year of improvement [1][2] - Beike achieved an overall score of 7.2 in the ESG social category, significantly higher than the global industry average of 4.3, due to its focus on human capital development and robust privacy measures [2][3] - The company is committed to creating long-term sustainable value through infrastructure transformation and technology-driven innovation in China's residential services industry [4][5] ESG Performance - Beike's ESG environmental category score increased by 1.8 points from the previous year, reflecting its initiatives in eco-friendly practices, such as the "Lianjia Green Store Standard" [2] - The company's efforts in vocational training and structured career paths for service providers have contributed to its strong performance in the social category [2] Company Overview - KE Holdings Inc. operates an integrated online and offline platform for housing transactions and services, including home sales, rentals, renovations, and furnishings [5] - The company owns Lianjia, a leading real estate brokerage brand in China, which has over 23 years of operational experience [5]