贝壳：Cost reduction and new business profitability improvement to drive earnings recovery-20260210

Earnings Summary 10 Feb 2026 | (YE 31 Dec) | FY23A | FY24A | FY25E | FY26E | FY27E | | --- | --- | --- | --- | --- | --- | | Revenue (RMB mn) | 77,777 | 93,457 | 94,641 | 91,497 | 99,473 | | YoY growth (%) | 28.2 | 20.2 | 1.3 | (3.3) | 8.7 | | Net profit (RMB mn) | 5,883.2 | 4,064.9 | 2,765.2 | 4,881.2 | 6,324.3 | | Adjusted net profit (RMB mn) | 9,798.5 | 7,211.1 | 4,937.0 | 7,008.6 | 8,426.7 | | YoY growth (%) | 244.7 | (26.4) | (31.5) | 42.0 | 20.2 | | EPS (Adjusted) (RMB) | 8.35 | 6.44 | 4.44 | 6.35 | 7 ...