BEIJING, March 04, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE:BEKE, HKEX: 2423))), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year 2023 before the U.S. market opens on Thursday, March 14, 2024. The Company's management will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, March 14, 2024 (8:00 P.M. Beijing Tim ...

BEIJING, March 4, 2024 /PRNewswire/ -- KE Holdings Inc. ("Beike" or the "Company") (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, had its ESG rating upgraded by MSCI from BB to BBB, representing strong recognition for the Company's management and business practices in the ESG domain in recent years. The ESG rating upgrade by MSCI indicate that Beike has exceeded industry standards in Human Capital Development, as well as Privacy & Data Se ...

KE Holdings Inc. (NYSE:BEKE) Q3 2023 Earnings Conference Call November 8, 2023 7:00 AM ET Company Participants Siting Li – IR Director Stanley Peng – Co-Founder, Chairman and Chief Executive Officer Tao Xu – Executive Director and Chief Financial Officer Conference Call Participants Timothy Zhao – Goldman Sachs John Lam – UBS Miranda Zhuang – Bank of America Securities Xiaodan Zhang – CICC Operator Ladies and gentlemen, thank you for standing by for KE Holdings Inc.’s Third Quarter 2023 Earnings Conference ...

Financial Performance - Gross transaction value (GTV) was RMB 655.2 billion (US$ 89.8 billion), a decrease of 11.1% year-over-year[2] - Net revenues increased by 1.2% year-over-year to RMB 17.8 billion (US$ 2.4 billion)[10] - Net income rose by 63.4% year-over-year to RMB 1,170 million (US$ 160 million), while adjusted net income grew by 14.4% to RMB 2,159 million (US$ 296 million)[8] - Total net revenues for the three months ended September 30, 2023, were RMB 17,596,582, a slight decrease of 1.2% compared to RMB 17,810,705 for the same period in 2022[59] - Total net revenues for the nine months ended September 30, 2023, reached RMB 57,572,706, an increase of 31.0% from RMB 43,921,639 in the same period of 2022[59] - The company reported a total comprehensive income of RMB 2,210,883 for the three months ended September 30, 2023, compared to RMB 940,073 in the prior year, representing an increase of 134.0%[61] User and Agent Metrics - Number of active agents increased by 7.1% year-over-year to 399,048 as of September 30, 2023[7] - Mobile monthly active users (MAU) averaged 49.2 million in Q3 2023, up from 42.4 million in Q3 2022[7] Revenue Breakdown - Net revenues from home renovation and furnishing surged by 72.1% year-over-year to RMB 3.2 billion (US$ 0.4 billion)[15] - Existing home transaction services generated RMB 7,156,681 in revenue, while new home transaction services contributed RMB 7,792,812, reflecting increases of 13.4% and 32.4% respectively year-over-year[59] - Home renovation and furnishing net revenues increased to RMB 3,176,739 in Q3 2023, a significant rise of 72.3% compared to RMB 1,845,900 in Q3 2022[70] - Emerging and other services net revenues surged to RMB 2,424,915 in Q3 2023, an increase of 202.5% from RMB 801,189 in Q3 2022[70] Expenses and Costs - Total operating expenses increased by 12.0% to RMB 4.0 billion (US$ 0.5 billion) in Q3 2023 from RMB 3.5 billion in Q3 2022[23] - Sales and marketing expenses rose by 29.6% to RMB 1,631 million (US$ 223 million) in Q3 2023, driven by increased spending on home renovation and furnishing[23] - Total cost of revenues was RMB 12.9 billion (US$ 1.8 billion), slightly up from RMB 12.8 billion in Q3 2022[18] Profitability Metrics - Income from operations was RMB 911 million (US$ 125 million) in Q3 2023, down from RMB 1,216 million in Q3 2022, with an operating margin of 5.1% compared to 6.9% in the prior year[25] - Adjusted income from operations decreased to RMB 1,886 million (US$ 259 million) in Q3 2023 from RMB 2,108 million in Q3 2022, with an adjusted operating margin of 10.6%[26] - Net income was RMB 1,170 million (US$ 160 million) in Q3 2023, an increase from RMB 716 million in Q3 2022[27] Cash and Investments - As of September 30, 2023, the company had a combined cash balance of RMB 60.4 billion (US$ 8.3 billion)[32] - Cash and cash equivalents decreased to RMB 15,838,754 from RMB 19,413,202, a decline of about 18.5%[53] - The company reported a net cash used in investing activities of RMB (15,323,257) for the three months ended September 30, 2023, compared to RMB 3,850,877 in the same period of 2022, indicating a significant increase in cash outflow[69] Shareholder Information - The share repurchase program allows the company to buy up to US$ 2 billion of its Class A ordinary shares and/or ADSs until August 31, 2024, with approximately 49.5 million ADSs purchased for about US$ 736.5 million since its launch[37] - The total number of ordinary shareholders increased from 1,894,996 in September 2022 to 1,107,293 in September 2023[66] Future Outlook - For Q4 2023, the company expects total net revenues to be between RMB 18.0 billion (US$ 2.47 billion) and RMB 18.5 billion (US$ 2.54 billion), representing a growth of approximately 7.5% to 10.5% year-over-year[33] - The company aims to enhance capital allocation efficiency and prioritize investments in key value areas for sustainable growth[8] - The company aims to expand its market presence and enhance its service offerings through new product development and strategic partnerships in the upcoming quarters[59]

Exhibit 99.3 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. KE Holdings Inc. (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liabilit ...

KE Holdings Inc. (NYSE:BEKE) Q2 2023 Earnings Conference Call August 31, 2023 8:00 AM ET Company Participants Siting Li - IR Stanley Peng - Co-Founder, Chairman & CEO Tao Xu - Executive Director & CFO Conference Call Participants Alex Yao - JPMorgan Timothy Zhao - Goldman Sachs Harry Chen - Citigroup Miranda Zhuang - Bank of America Securities Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings Inc.'s Second Quarter 2023 Earnings Conference Call. At this time, all participants ar ...

KE Holdings Inc. (NYSE:BEKE) Q1 2023 Earnings Conference Call May 18, 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 Harry Chen - Citigroup Eddy Wong - Morgan Stanley Timothy Zhao - Goldman Sachs Xiaodan Zhang - CICC Operator Hello ladies and gentlemen. Thank you for standing by for KE Holdings Inc’s First Quarter 2023 Earnings Conference Call. ...

[Business and Financial Highlights](index=1&type=section&id=Business%20and%20Financial%20Highlights) In the first quarter of 2023, KE Holdings experienced significant year-over-year growth, with total GTV increasing by 65.8% to RMB 971.5 billion and net revenues rising by 61.6% to RMB 20.3 billion. The company achieved a net income of RMB 2.75 billion, a substantial turnaround from a net loss in the prior year. While the number of stores and active stores saw a slight decrease, the number of agents and active agents increased, alongside a rise in mobile monthly active users Q1 2023 Key Financial and Operational Metrics | Metric | Q1 2023 | YoY Change | | :--- | :--- | :--- | | **Gross Transaction Value (GTV)** | **RMB 971.5 billion** | **+65.8%** | | - Existing Home Transactions | RMB 664.3 billion | +77.6% | | - New Home Transactions | RMB 277.9 billion | +44.2% | | - Home Renovation & Furnishing | RMB 2.7 billion | +1250% | | - Emerging & Other Services | RMB 26.7 billion | +40.6% | | **Net Revenues** | **RMB 20.3 billion** | **+61.6%** | | **Net Income** | **RMB 2.75 billion** | From Net Loss | | **Adjusted Net Income** | **RMB 3.56 billion** | +12618% | | Number of Stores | 41,275 | -9.8% | | Number of Agents | 435,780 | +2.0% | | Mobile MAU | 45.4 million | +14.4% | [Management Commentary](index=2&type=section&id=Management%20Commentary) Management attributed the strong Q1 performance to a rebound in China's real estate market, the release of pent-up demand, and the company's strategic advantages, including its ACN (Agent Cooperation Network) and focus on high-quality growth. The company significantly outpaced the industry's GTV growth. Looking forward, the focus remains on improving service quality, strengthening the ACN, enhancing brand and platform efficiency, and expanding into the broader residential services sector to meet consumer needs for higher quality homes and services - The company's GTV growth in both existing and new home transactions significantly outpaced the industry, driven by a market rebound and the company's ACN advantages[6](index=6&type=chunk) - Future strategy involves strengthening the ACN, enhancing brand and platform efficiency through technology, and expanding to meet consumer needs for higher quality housing-related products and services[6](index=6&type=chunk) - The CFO highlighted that a streamlined cost structure led to the highest gross and operating margins since the company's NYSE listing, with non-GAAP net income increasing by **137%** compared to Q1 2021, a period with similar revenue scale[7](index=7&type=chunk) [Financial Results Analysis](index=3&type=section&id=Financial%20Results%20Analysis) The company's financial performance in Q1 2023 showed a dramatic improvement. Net revenues surged 61.6% to RMB 20.3 billion, driven by strong GTV growth across all business lines. Gross profit more than doubled to RMB 6.3 billion, with gross margin expanding to 31.3% from 17.7%. The company swung from an operating loss to an operating income of RMB 3.0 billion and from a net loss to a net income of RMB 2.75 billion, reflecting both top-line recovery and effective cost management [Net Revenues](index=3&type=section&id=Net%20Revenues) Total net revenues grew 61.6% YoY to RMB 20.3 billion, primarily due to a 65.8% increase in total GTV. Existing home transaction services revenue rose 49.3% to RMB 9.2 billion. New home transaction services revenue increased 42.2% to RMB 8.4 billion. Home renovation and furnishing revenue saw a massive jump to RMB 1.4 billion, largely due to the Shengdu acquisition. Emerging and other services revenue grew 222.1% to RMB 1.3 billion Q1 2023 Net Revenues by Segment (in RMB billions) | Segment | Q1 2023 | Q1 2022 | YoY Change | | :--- | :--- | :--- | :--- | | Existing Home Transaction Services | 9.2 | 6.2 | +49.3% | | New Home Transaction Services | 8.4 | 5.9 | +42.2% | | Home Renovation and Furnishing | 1.4 | 0.09 | +1509% | | Emerging and Other Services | 1.3 | 0.4 | +222.1% | | **Total Net Revenues** | **20.3** | **12.5** | **+61.6%** | - The significant increase in home renovation and furnishing revenue was primarily due to the acquisition of Shengdu Home Renovation Co., Ltd. in Q2 2022[13](index=13&type=chunk) [Cost of Revenues and Gross Profit](index=5&type=section&id=Cost%20of%20Revenues%20and%20Gross%20Profit) Cost of revenues increased 34.9% to RMB 13.9 billion, a slower pace than revenue growth. The increase was mainly driven by higher commission splits and internal commissions due to increased GTV. However, costs related to stores decreased by 22.4% due to a reduction in Lianjia stores. Consequently, gross profit surged 186.1% to RMB 6.3 billion, and gross margin expanded significantly from 17.7% in Q1 2022 to 31.3% in Q1 2023 Q1 2023 Gross Profit and Margin | Metric | Q1 2023 | Q1 2022 | YoY Change | | :--- | :--- | :--- | :--- | | Gross Profit (RMB) | 6.3 billion | 2.2 billion | +186.1% | | Gross Margin | 31.3% | 17.7% | +13.6 p.p. | - The improvement in gross margin was driven by higher contribution margins across all segments and a relatively lower percentage of fixed costs like store-related expenses[20](index=20&type=chunk) - Cost related to stores decreased by **22.4%** to **RMB 0.7 billion**, mainly due to the decrease in the number of Lianjia stores[17](index=17&type=chunk) [Operating Expenses and Income](index=6&type=section&id=Operating%20Expenses%20and%20Income) Total operating expenses rose 7.5% to RMB 3.4 billion. Sales and marketing expenses increased 50.3% due to the consolidation of Shengdu, while R&D expenses decreased by 39.0% due to lower personnel costs. The company reported an income from operations of RMB 2,978 million, a significant turnaround from a loss of RMB 918 million in the prior-year period. The operating margin was 14.7%, compared to -7.3% in Q1 2022, reflecting higher gross profit and improved operating leverage Q1 2023 Operating Expenses (in RMB millions) | Expense Category | Q1 2023 | Q1 2022 | YoY Change | | :--- | :--- | :--- | :--- | | General & Administrative | 1,621 | 1,528 | +6.1% | | Sales & Marketing | 1,294 | 861 | +50.3% | | Research & Development | 457 | 749 | -39.0% | | **Total Operating Expenses** | **3,372** | **3,138** | **+7.5%** | Q1 2023 Operating Income and Margin | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Income (Loss) from Operations (RMB) | 2,978 million | (918 million) | | Operating Margin | 14.7% | -7.3% | | Adjusted Income from Operations (RMB) | 3,830 million | (450 million) | | Adjusted Operating Margin | 18.9% | -3.6% | [Net Income and Earnings Per Share (EPS)](index=8&type=section&id=Net%20Income%20and%20Earnings%20Per%20Share%20(EPS)) The company achieved a net income of RMB 2,750 million in Q1 2023, compared to a net loss of RMB 620 million in Q1 2022. Adjusted net income was RMB 3,561 million. This resulted in a diluted net income per ADS of RMB 2.26 (US$0.33), a stark contrast to the net loss per ADS of RMB 0.52 in the same period last year. Adjusted diluted net income per ADS was RMB 2.92 (US$0.43) Q1 2023 Net Income and EPS | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net Income (Loss) (RMB) | 2,750 million | (620 million) | | Adjusted Net Income (RMB) | 3,561 million | 28 million | | Diluted Net Income (Loss) per ADS (RMB) | 2.26 | (0.52) | | Adjusted Diluted Net Income per ADS (RMB) | 2.92 | 0.02 | [Liquidity](index=9&type=section&id=Liquidity) As of March 31, 2023, KE Holdings maintained a strong liquidity position with a combined balance of cash, cash equivalents, restricted cash, and short-term investments amounting to RMB 66.6 billion (US$9.7 billion) - The company's combined balance of cash, cash equivalents, restricted cash, and short-term investments was **RMB 66.6 billion (US$9.7 billion)** as of March 31, 2023[31](index=31&type=chunk) [Business Outlook and Corporate Actions](index=9&type=section&id=Business%20Outlook%20and%20Corporate%20Actions) The company provided a positive outlook for the second quarter of 2023, forecasting net revenues between RMB 18.5 billion and RMB 19.0 billion, representing a YoY increase of 34.3% to 37.9%. Additionally, the company continued its share repurchase program, having purchased approximately 16.2 million ADSs for US$228.6 million between September 1, 2022, and March 31, 2023 - For Q2 2023, the company expects total net revenues to be between **RMB 18.5 billion** and **RMB 19.0 billion**, an increase of **34.3% to 37.9%** year-over-year[32](index=32&type=chunk) - Under its US$1 billion share repurchase program, the company bought back approximately **16.2 million ADSs** for a total of **US$228.6 million** from September 1, 2022, to March 31, 2023[33](index=33&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=14&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The unaudited financial statements provide detailed figures for the company's financial position and performance. The balance sheet as of March 31, 2023, shows total assets of RMB 118.0 billion and total liabilities of RMB 46.0 billion. The statement of operations details the significant revenue growth and return to profitability in Q1 2023. The cash flow statement indicates strong net cash provided by operating activities at RMB 7.6 billion [Consolidated Balance Sheets](index=14&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2023, total assets increased to RMB 118.0 billion from RMB 109.3 billion at year-end 2022. This was driven by a significant increase in cash and cash equivalents. Total liabilities also increased to RMB 46.0 billion from RMB 40.3 billion, primarily due to higher customer deposits payable and contract liabilities. Total shareholders' equity rose to RMB 72.0 billion Key Balance Sheet Items (in RMB billions) | Account | March 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **118.0** | **109.3** | | Cash, Cash Equivalents, Restricted Cash & Short-term Investments | 66.6 | 61.1 | | **Total Liabilities** | **46.0** | **40.3** | | **Total Shareholders' Equity** | **72.0** | **69.1** | [Consolidated Statements of Operations](index=17&type=section&id=Consolidated%20Statements%20of%20Operations) For the three months ended March 31, 2023, the company reported total net revenues of RMB 20.3 billion, a 61.6% increase from RMB 12.5 billion in Q1 2022. Gross profit was RMB 6.3 billion, up from RMB 2.2 billion. The company recorded an income from operations of RMB 3.0 billion, reversing a loss of RMB 0.9 billion, and achieved a net income of RMB 2.75 billion, reversing a net loss of RMB 0.62 billion in the prior-year period Q1 2023 vs Q1 2022 Income Statement Highlights (in RMB billions) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Total Net Revenues | 20.3 | 12.5 | | Gross Profit | 6.3 | 2.2 | | Income (Loss) from Operations | 3.0 | (0.9) | | Net Income (Loss) | 2.75 | (0.62) | [Consolidated Statements of Cash Flows](index=22&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For Q1 2023, net cash provided by operating activities was robust at RMB 7.6 billion, a significant improvement from RMB 0.8 billion in Q1 2022. Net cash provided by investing activities was RMB 5.6 billion, a reversal from cash used in the prior year, while financing activities used RMB 0.3 billion. This resulted in a net increase in cash, cash equivalents, and restricted cash of RMB 12.9 billion for the quarter Q1 2023 vs Q1 2022 Cash Flow Highlights (in RMB billions) | Cash Flow Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net Cash from Operating Activities | 7.6 | 0.8 | | Net Cash from (used in) Investing Activities | 5.6 | (4.3) | | Net Cash from (used in) Financing Activities | (0.3) | 0.1 | | **Net Increase (Decrease) in Cash** | **12.9** | **(3.3)** | [Reconciliation of GAAP and Non-GAAP Financial Measures](index=20&type=section&id=Reconciliation%20of%20GAAP%20and%20Non-GAAP%20Financial%20Measures) The company provides reconciliations for non-GAAP measures to their most comparable GAAP counterparts. For Q1 2023, adjusted income from operations was RMB 3.8 billion after excluding share-based compensation and amortization of certain intangible assets. Adjusted net income was RMB 3.6 billion, primarily adjusted for share-based compensation, amortization, changes in fair value of investments, and related tax effects. Adjusted EBITDA for the quarter was RMB 4.6 billion Q1 2023 GAAP to Non-GAAP Reconciliation (in RMB billions) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | Income from Operations | 3.0 | +0.8 | 3.8 | | Net Income | 2.75 | +0.81 | 3.56 | - Major non-GAAP adjustments include share-based compensation expenses (**RMB 701.8 million**), amortization of intangible assets (**RMB 150.1 million**), and changes in fair value of investments[65](index=65&type=chunk)

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, 2022 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 SECURITIE ...

Exhibit 99.2 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. KE Holdings Inc. 貝殼控股有限公司 (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited ...