KE Holdings Inc. (NYSE:BEKE) Q4 2022 Results Conference Call March 16, 2023 8:00 AM ET Company Participants Siting Li - Investor Relations Stanley Peng - Co-Founder, Chairman and Chief Executive Officer Tao Xu - Executive Director and Chief Financial Officer Conference Call Participants Timothy Zhao - Goldman Sachs Jiong Shao - Barclays John Lam - UBS Operator Hello ladies and gentlemen. Thank you for standing by for KE Holdings Inc’s Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. At this tim ...

KE Holdings Inc. (NYSE:BEKE) Q3 2022 Results Conference Call November 30, 2022 7:00 AM ET Company Participants Siting Li - Director of Investor Relations Stanley Peng - Co-Founder, Chairman and Chief Executive Officer Tao Xu - Executive Director and Chief Financial Officer Conference Call Participants Steven Tsai - Morgan Stanley Timothy Zhao - Goldman Sachs Liping Zhao – CICC Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.'s Third Quarter 2022 Earnings Conference Call. ...

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 ...

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]