June 27, 2022

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KE Holdings, an built-in on-line and offline platform for housing transactions and products and services primarily based in China, on Wednesday introduced its unaudited monetary effects for the fourth quarter and financial 12 months ended December 31, 2021.

Gross transaction price (GTV) in 2021 used to be 3.85 trillion yuan ($604.7 billion), an building up of 10.1% year-on-year. Within the fourth quarter of 2021, the company’s GTV used to be 732.4 billion yuan, a lower of 34.6% year-on-year.

Web earnings in 2021 used to be 80.8 billion yuan, an building up of 14.6% year-on-year, whilst internet earnings in simply the fourth quarter used to be 17.8 billion yuan, a lower of 21.5% year-on-year.

Web losses in 2021 have been 525 million yuan, whilst the adjusted internet source of revenue in 2021 used to be 2.29 billion yuan. Within the fourth quarter of 2021, internet losses have been 933 million yuan, whilst the adjusted internet source of revenue used to be 42 million yuan.

The corporate’s overall collection of retail outlets used to be 51,038 as of December 31, 2021, an 8.7% building up from three hundred and sixty five days in the past. The collection of energetic retail outlets used to be 45,339 as of December 31, 2021, a 4.4% building up from three hundred and sixty five days in the past. Moreover, the collection of energetic brokers at the platform used to be 406,794 as of December 31, 2021, an 8.7% lower from three hundred and sixty five days in the past. Cell per month energetic customers (MAU) averaged 37.4 million, in comparison to 48.2 million in the similar length of 2020.

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Stanley Peng, Chairman of the Board and Leader Govt Officer of HE Holdings, commented, “On the finish of 2021, we formally introduced the ‘one frame, two wings’ strategic improve. ‘One frame’ refers to our core, which is our present and new house transaction products and services industry, whilst ‘two wings’ refers to our house renovation and furnishing choices, and our inclusive housing products and services.”

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For the primary quarter of 2022, the corporate expects overall internet earnings to be between 11.5 billion yuan and 12.5 billion yuan, representing a lower of roughly 39.6% to 44.4% from the similar quarter of 2021.