Core Insights - The company reported a total transaction volume of RMB 736.7 billion (USD 103.5 billion) for Q3 2025, showing a year-on-year stability [1] - The total transaction volume for existing homes was RMB 505.6 billion (USD 71.0 billion), reflecting a year-on-year increase of 5.8%, while new home transactions decreased by 13.7% to RMB 196.3 billion (USD 27.6 billion) [1] - Net income reached RMB 23.1 billion (USD 3.2 billion), a year-on-year increase of 2.1%, but net profit fell by 36.1% to RMB 747 million (USD 105 million) [1] - The company has been focusing on enhancing operational efficiency and customer experience through organizational upgrades and technological innovations [2] Financial Performance - Adjusted net profit for Q3 2025 was RMB 1.286 billion (USD 181 million), down 27.8% year-on-year [1] - Operating expenses decreased by 1.8% year-on-year and 6.7% quarter-on-quarter to RMB 4.3 billion [2] - The company achieved a record high in profit contribution from home decoration and rental services, with these segments becoming profitable at the city level [2] Operational Metrics - As of September 30, 2025, the number of stores increased by 27.3% year-on-year to 61,393, with active stores rising by 25.9% to 59,012 [1] - The number of agents reached 545,500, a 14.5% increase year-on-year, while active agents grew by 11.4% to 471,500 [1] - The average monthly active users on mobile platforms increased to 49.3 million, compared to 46.2 million in the same period last year [1] Shareholder Returns - The company repurchased shares worth USD 281 million in Q3 2025, marking the highest quarterly buyback in nearly two years [3] - Total repurchase expenditure for the year reached approximately USD 675 million, a 15.7% increase compared to the same period last year [3] - Cumulatively, the company has repurchased shares worth about USD 2.3 billion since the buyback program began in September 2022, representing approximately 11.5% of the total shares before the program [3]
贝壳-W(02423)发布第三季度业绩 净利润7.47亿元 同比减少36.1%