FF305 第 2 頁 共 7 頁 v 1.3.0 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2024年12月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2024年12月5日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2024年12月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份） ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2024年12月3日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 第 1 頁 共 7 頁 v 1.3.0 | 1). | 購回股份(或其他證券)但沒有註銷 | | 644,190 | % | USD | 6.2093 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2024年11月25日 | | | | | | 2). | 購回股份(或其他證券)但沒有註銷 | | 650,004 | % | USD | 6.1538 | | | 變動日期 | 2024年11月26日 | | | | | | 3). | 購回股份(或其他證券)但沒有註銷 | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2024年12月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | | 事件 | 已發行股 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 第 2 頁 共 7 頁 v 1.3.0 FF305 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2024年11月28日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2024年11月27日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份 ...

FF305 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2024年11月7日 | 3,479,6 ...

Financial Performance - Gross transaction value (GTV) reached RMB736.8 billion (US$105.0 billion), a 12.5% year-over-year increase[2] - Net revenues increased by 26.8% to RMB22.6 billion (US$3.2 billion) compared to RMB17.8 billion in the same period of 2023[9] - Net income was RMB1,168 million (US$167 million), with adjusted net income at RMB1,782 million (US$254 million)[3] - Total net revenues for the three months ended September 30, 2024, increased to RMB 22,584,647, representing a 27.5% growth compared to RMB 17,810,705 for the same period in 2023[63] - Net income attributable to KE Holdings Inc. for the three months ended September 30, 2024, was RMB 1,171,073, compared to RMB 1,170,290 in the previous year[65] - Net income for the nine months ended September 30, 2024, was RMB 5,219,541, compared to RMB 3,500,932 for the same period in 2023, reflecting a year-over-year increase of 49.0%[69] - Total revenue for the nine months ended September 30, 2024, was RMB 9,388,339, compared to RMB 7,689,643 for the same period in 2023, reflecting a growth of 22.1%[74] Revenue Breakdown - Net revenues from new home transaction services grew by 30.9% to RMB7.7 billion (US$1.1 billion)[12] - Net revenues from home rental services surged by 118.4% to RMB3.9 billion (US$0.6 billion)[15] - New home transaction services revenue rose to RMB 7,726,316, a 30.9% increase from RMB 5,901,966 year-over-year[63] - Home rental services revenue surged to RMB 3,941,234, reflecting a 118.5% increase compared to RMB 1,804,374 in the previous year[63] - Net revenues for existing home transaction services increased to RMB 6,307,085 for the three months ended September 30, 2024, compared to RMB 6,217,054 for the same period in 2023, reflecting a growth of approximately 1.4%[78] - Contribution from new home transaction services rose to RMB 1,483,195 for the three months ended September 30, 2024, up from RMB 1,913,932 in the same period of 2023, indicating a decline of about 22.5%[78] - Home renovation and furnishing services generated net revenues of RMB 3,176,739 for the three months ended September 30, 2024, compared to RMB 4,213,041 in the same period of 2023, representing a decrease of approximately 24.6%[78] - Home rental services reported net revenues of RMB 1,804,374 for the three months ended September 30, 2024, a significant increase from RMB 3,941,234 in the same period of 2023, showing a decline of about 54.2%[78] - Emerging and other services achieved net revenues of RMB 620,541 for the three months ended September 30, 2024, compared to a loss of RMB 64,122 in the same period of 2023, indicating a turnaround in performance[78] - Total contribution from all services for the three months ended September 30, 2024, was RMB 3,069,848, up from RMB 2,549,227 in the same period of 2023, reflecting an increase of approximately 20.4%[78] - The company reported a total net revenue of RMB 21,904,172 for the nine months ended September 30, 2024, compared to RMB 19,278,973 for the same period in 2023, marking a growth of about 13.5%[78] Expenses and Costs - Total cost of revenues increased by 35.0% to RMB17.4 billion (US$2.5 billion) from RMB12.9 billion in the same period of 2023[16] - Total operating expenses rose by 11.0% to RMB4.4 billion (US$0.6 billion) in Q3 2024, compared to RMB4.0 billion in Q3 2023[25] - Research and development expenses increased by 21.5% to RMB573 million (US$82 million) in Q3 2024, driven by higher headcount and technical service costs[27] - The company reported share-based compensation expenses of RMB 814,129 for the three months ended September 30, 2024, compared to RMB 606,576 for the same period in 2023, marking an increase of 34.2%[69] - The total commission and compensation expenses for the nine months ended September 30, 2024, were RMB 10,700,539, a decrease from RMB 11,407,196 in the same period of 2023, indicating a reduction of approximately 6.2%[78] Profitability Metrics - Gross profit increased by 5.2% to RMB5.1 billion (US$0.7 billion) in Q3 2024, with a gross margin of 22.7%, down from 27.4% in Q3 2023[23] - Adjusted EBITDA was RMB2,154 million (US$307 million) in Q3 2024, down from RMB2,515 million in Q3 2023[29] - Basic and diluted net income per ADS were RMB1.04 (US$0.15) and RMB1.00 (US$0.14) in Q3 2024, compared to RMB0.99 and RMB0.97 in Q3 2023[32] - Adjusted net income was RMB1,782 million (US$254 million) in Q3 2024, compared to RMB2,159 million in Q3 2023[30] - For the three months ended September 30, 2024, adjusted net income was RMB 2,159,339, an increase from RMB 1,781,892 for the same period in 2023, representing a growth of 21.2%[69] Balance Sheet Highlights - As of September 30, 2024, the combined balance of cash, cash equivalents, restricted cash, and short-term investments was RMB59.5 billion (US$8.5 billion)[36] - As of September 30, 2024, total assets amounted to RMB 122,795,712, an increase from RMB 120,331,931 as of December 31, 2023[52][60] - Current assets decreased slightly to RMB 69,678,235 from RMB 69,753,623, while cash and cash equivalents dropped to RMB 9,576,948 from RMB 19,634,716[52][54] - Total liabilities increased to RMB 51,902,049 from RMB 48,130,826, with current liabilities rising to RMB 43,147,206 from RMB 39,523,983[54][60] - Shareholders' equity decreased to RMB 70,893,663 from RMB 72,201,105, indicating a decline in the company's net worth[61][60] - The company reported a decrease in employee compensation and welfare payable from RMB 8,145,779 to RMB 6,136,481[54] - Short-term investments increased significantly to RMB 43,654,035 from RMB 34,257,958, reflecting a strategic shift in asset allocation[52] - The company holds restricted cash of RMB 6,243,476 as of September 30, 2024, slightly up from RMB 6,222,745[52] - Goodwill remained stable at approximately RMB 4,839,219, showing consistency in the company's acquisitions[52] - The company reported a decrease in accumulated deficit from RMB 5,672,916 to RMB 2,178,008, indicating improved financial health[61] Strategic Initiatives - The company allocated approximately US$200 million for share repurchases in the third quarter[8] - The management governance framework has been upgraded to ensure steady and sustainable growth[5] - The company is focusing on expanding its market presence and enhancing its service offerings to drive future growth[78] - New product and technology developments are underway to improve service efficiency and customer satisfaction[78] - The company plans to hold an earnings conference call on November 21, 2024, to discuss financial results[38]

Financial Performance - Total transaction volume for Q3 2024 reached RMB 736.8 billion (USD 105 billion), a 12.5% YoY increase[3] - Net income for Q3 2024 was RMB 22.6 billion (USD 3.2 billion), a 26.8% YoY increase[4] - Net profit for Q3 2024 was RMB 1.168 billion (USD 167 million), with adjusted net profit at RMB 1.782 billion (USD 254 million)[5] - Net revenue for Q3 2024 reached RMB 22.58 billion (USD 3.22 billion), a 26.8% increase compared to RMB 17.81 billion in Q3 2023[56] - Gross profit for Q3 2024 was RMB 5.13 billion (USD 731.7 million), up 5.2% from RMB 4.88 billion in Q3 2023[56] - Net income attributable to KE Holdings Inc. for Q3 2024 was RMB 1.17 billion (USD 166.88 million), a 1.1% increase from RMB 1.16 billion in Q3 2023[58] - Total operating expenses for Q3 2024 increased to RMB 4.41 billion (USD 628.1 million), up 11% from RMB 3.97 billion in Q3 2023[56] - Operating profit for Q3 2024 decreased 20.2% YoY to RMB 727.0 million (USD 103.6 million)[56] - Total revenue for the first nine months of 2024 reached RMB 62.33 billion (USD 8.88 billion), up 8.3% from RMB 57.57 billion in the same period of 2023[56] - Net income for the first nine months of 2024 was RMB 3.50 billion (USD 498.9 million), down 32.9% from RMB 5.22 billion in the same period of 2023[56] - Basic earnings per share for the nine months ended September 30, 2024, were RMB 1.03 (USD 0.15), compared to RMB 1.48 in the same period in 2023[60] - Diluted earnings per share for the nine months ended September 30, 2024, were RMB 0.99 (USD 0.14), compared to RMB 1.44 in the same period in 2023[60] - Adjusted operating profit for the nine months ended September 30, 2024, was RMB 5,135,508 thousand (USD 731,804 thousand), compared to RMB 7,863,542 thousand in the same period in 2023[62] - Adjusted net profit for the nine months ended September 30, 2024, was RMB 5,867,447 thousand (USD 836,106 thousand), compared to RMB 8,084,730 thousand in the same period in 2023[62] - Adjusted EBITDA for the nine months ended September 30, 2024, was RMB 7,191,233 thousand (USD 1,024,743 thousand), compared to RMB 9,644,947 thousand in the same period in 2023[62] - Net profit attributable to ordinary shareholders of KE Holdings Inc. for the nine months ended September 30, 2024, was RMB 3,494,908 thousand (USD 498,021 thousand), a decrease compared to RMB 5,213,619 thousand in the same period of 2023[64] - Adjusted net profit attributable to ordinary shareholders of KE Holdings Inc. for the nine months ended September 30, 2024, was RMB 5,861,402 thousand (USD 835,245 thousand), compared to RMB 8,078,787 thousand in the same period of 2023[64] - Basic adjusted net income per ADS for the nine months ended September 30, 2024, was RMB 5.16 (USD 0.74), compared to RMB 6.87 in the same period of 2023[66] - Diluted adjusted net income per ADS for the nine months ended September 30, 2024, was RMB 4.99 (USD 0.71), compared to RMB 6.71 in the same period of 2023[66] Business Segments Performance - Home renovation and furnishing business revenue reached RMB 4.21 billion, a 32.6% YoY increase[11] - Rental services revenue reached RMB 3.94 billion, a 118.4% YoY increase[11] - Existing home business net revenue remained flat at RMB 6.2 billion (USD 900 million) in Q3 2024 compared to RMB 6.3 billion in Q3 2023, while total transaction value increased by 8.8% to RMB 477.8 billion (USD 68.1 billion)[13] - New home business net revenue increased by 30.9% to RMB 7.7 billion (USD 1.1 billion) in Q3 2024, driven by an 18.4% rise in total transaction value to RMB 227.6 billion (USD 32.4 billion)[14] - Home renovation and furnishing net revenue grew by 32.6% to RMB 4.2 billion (USD 600 million) in Q3 2024, supported by increased order volume and improved delivery capabilities[14] - Rental services net revenue surged by 118.4% to RMB 3.9 billion (USD 600 million) in Q3 2024 due to an increase in rental properties under the "Worry-Free Lease" model[16] - New home business revenue grew 30.9% YoY to RMB 7.73 billion (USD 1.10 billion) in Q3 2024[56] - Home renovation and furnishing revenue increased 32.6% YoY to RMB 4.21 billion (USD 600.4 million) in Q3 2024[56] - Existing home business net revenue for the three months ended September 30, 2024, was RMB 6,217,054 thousand (USD 885,923 thousand), a slight decrease from RMB 6,307,085 thousand in the same period last year[72] - New home business net revenue for the three months ended September 30, 2024, increased to RMB 7,726,316 thousand (USD 1,100,991 thousand) from RMB 5,901,966 thousand in the same period last year[72] - Home decoration and furnishing business net revenue for the three months ended September 30, 2024, rose to RMB 4,213,041 thousand (USD 600,354 thousand) from RMB 3,176,739 thousand in the same period last year[72] - Rental services net revenue for the three months ended September 30, 2024, surged to RMB 3,941,234 thousand (USD 561,621 thousand) from RMB 1,804,374 thousand in the same period last year[72] - Emerging businesses and others net revenue for the three months ended September 30, 2024, was RMB 487,002 thousand (USD 69,397 thousand), down from RMB 620,541 thousand in the same period last year[72] - Existing home business contribution profit for the three months ended September 30, 2024, was RMB 2,549,227 thousand (USD 363,262 thousand), a decrease from RMB 3,069,848 thousand in the same period last year[72] - New home business contribution profit for the three months ended September 30, 2024, increased to RMB 1,913,932 thousand (USD 272,733 thousand) from RMB 1,483,195 thousand in the same period last year[72] - Home decoration and furnishing business contribution profit for the three months ended September 30, 2024, rose to RMB 1,316,028 thousand (USD 187,533 thousand) from RMB 924,488 thousand in the same period last year[72] - Rental services contribution profit for the three months ended September 30, 2024, was RMB 174,262 thousand (USD 24,832 thousand), up from RMB 56,353 thousand in the same period last year[72] - Emerging businesses and others contribution profit for the three months ended September 30, 2024, was RMB 386,276 thousand (USD 55,044 thousand), down from RMB 556,419 thousand in the same period last year[72] Operational Metrics - Number of stores as of September 30, 2024, was 48,230, a 12.1% YoY increase, with active stores at 46,857, a 14.6% YoY increase[5] - Number of agents as of September 30, 2024, was 476,420, an 11.0% YoY increase, with active agents at 423,400, a 6.1% YoY increase[5] - Average mobile MAUs for Q3 2024 were 46.2 million, compared to 49.2 million in the same period last year[5] Share Repurchase and Financial Position - The company repurchased approximately USD 200 million worth of shares in Q3 2024[11] - The company has repurchased approximately 102.2 million ADSs (equivalent to approximately 306.5 million Class A ordinary shares) under its share repurchase program, with a total consideration of approximately USD 1,493.4 million[30] - Cash, cash equivalents, restricted cash, and short-term investments totaled RMB 59.5 billion (USD 8.5 billion) as of September 30, 2024[29] - Total assets increased from RMB 120,331,931 thousand as of December 31, 2023, to RMB 122,795,712 thousand as of September 30, 2024, representing a growth of approximately 2.05%[48] - Cash and cash equivalents decreased significantly from RMB 19,634,716 thousand as of December 31, 2023, to RMB 9,576,948 thousand as of September 30, 2024, a decline of approximately 51.23%[48] - Short-term investments increased from RMB 34,257,958 thousand as of December 31, 2023, to RMB 43,654,035 thousand as of September 30, 2024, a growth of approximately 27.43%[48] - Total current liabilities rose from RMB 39,523,983 thousand as of December 31, 2023, to RMB 43,147,206 thousand as of September 30, 2024, an increase of approximately 9.17%[51] - Lease liabilities (current portion) increased from RMB 9,368,607 thousand as of December 31, 2023, to RMB 12,900,946 thousand as of September 30, 2024, a growth of approximately 37.71%[51] - Total liabilities grew from RMB 48,130,826 thousand as of December 31, 2023, to RMB 51,902,049 thousand as of September 30, 2024, an increase of approximately 7.84%[51] - Shareholders' equity decreased slightly from RMB 72,201,105 thousand as of December 31, 2023, to RMB 70,893,663 thousand as of September 30, 2024, a decline of approximately 1.81%[53] - Accumulated deficit improved from RMB (5,672,916) thousand as of December 31, 2023, to RMB (2,178,008) thousand as of September 30, 2024, reflecting a reduction in losses[53] - Total equity (including non-controlling interests) decreased from RMB 72,201,105 thousand as of December 31, 2023, to RMB 70,893,663 thousand as of September 30, 2024, a decline of approximately 1.81%[53] - Net cash provided by operating activities for the nine months ended September 30, 2024, was RMB 4,306,568 thousand (USD 613,680 thousand), a decrease compared to RMB 9,388,339 thousand in the same period of 2023[69] - Net cash used in investing activities for the nine months ended September 30, 2024, was RMB 7,362,441 thousand (USD 1,049,140 thousand), compared to RMB 7,689,643 thousand in the same period of 2023[69] - Net cash used in financing activities for the nine months ended September 30, 2024, was RMB 6,966,444 thousand (USD 992,710 thousand), compared to RMB 5,484,524 thousand in the same period of 2023[69] - Cash and cash equivalents and restricted cash at the end of September 30, 2024, were RMB 15,820,424 thousand (USD 2,254,392 thousand), compared to RMB 21,995,376 thousand at the end of September 30, 2023[69] Non-GAAP Financial Measures - Adjusted operating profit margin is defined as adjusted operating profit (loss) as a percentage of net revenue[26] - Adjusted EBITDA is a non-GAAP financial measure defined as net profit (loss) excluding items such as income tax expense, share-based compensation, and depreciation[26] - Adjusted net profit (loss) attributable to KE Holdings Inc. ordinary shareholders is a non-GAAP measure excluding items like share-based compensation and amortization of intangible assets[26] - Non-GAAP financial measures are used by the company to evaluate operating performance and formulate operational plans, including adjusted operating profit (loss) and adjusted EBITDA[37] - The company emphasizes that non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP measures such as gross profit, net profit (loss), or other performance indicators[38] - Adjusted operating profit (loss) excludes share-based compensation expenses, amortization of intangible assets from acquisitions and business cooperation agreements, and impairment of goodwill, intangible assets, and other long-term assets[38] - Adjusted net profit (loss) excludes share-based compensation, amortization of intangible assets, fair value changes of long-term investments and receivables, impairment of goodwill and other long-term assets, investment impairment, and tax effects of non-GAAP adjustments[40] - Adjusted EBITDA excludes income tax expenses, share-based compensation, intangible asset amortization, depreciation of property, plant, and equipment, net interest income, fair value changes of long-term investments and receivables, impairment of goodwill and other long-term assets, and investment impairment[40] Strategic and Operational Highlights - The company's "One Body, Three Wings" strategy saw a 54.3% YoY increase in revenue, accounting for 38.3% of total net revenue, up 6.8 percentage points from the same period last year[11] - The company operates a leading online and offline integrated real estate transaction and service platform in China, with over 23 years of operational experience through its subsidiary Lianjia[41] - The company's strategic and operational plans, as well as management discussions, contain forward-looking statements, which are subject to risks and uncertainties[43] - The company does not undertake any obligation to update forward-looking statements unless required by applicable law[43] - The company's board of directors includes executive directors Peng Yongdong, Shan Yigang, Xu Wangang, and Xu Tao, as well as non-executive director Li Zhaohui and independent non-executive directors Chen Xiaohong, Zhu Hansong, and Wu Jun[45] Exchange Rate and Other Information - The exchange rate used for RMB to USD conversion is RMB 7.0176 to USD 1.00, based on the Federal Reserve H.10 statistical release as of September 30, 2024[36] - The company will hold an earnings call on November 21, 2024, at 7:00 AM Eastern Time to discuss financial results[33] - The company's unaudited condensed consolidated balance sheet is presented in thousands, except for share and per share data[47]