Overview
- KE Holdings reported first‑quarter results that showed stronger profit despite weaker housing transactions and sales.
- Non‑GAAP operating profit reached 1.67 billion yuan, up 45.1% year over year and 416.2% quarter over quarter.
- Net income attributable to shareholders rose 46.6% to 1.255 billion yuan.
- Net revenue fell 19% to 18.9 billion yuan, and gross transaction value dropped 15.6% to 711.7 billion yuan.
- The company said non‑GAAP margins hit a seven‑quarter high as it shifts toward AI‑enabled services and builds renovation and leasing units, repurchased about $195 million of stock, and saw its shares close up 5.17% at $18.72 after the release.