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<Results>BEKE-W 1Q Non-GAAP Net Profit Up 15.7% to RMB1.61B; Gross Margin Hits 7-Quarter High
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BEKE-W (02423.HK) announced its unaudited financial results for the first quarter ended March 31, 2026. Net revenues during the period were RMB18.9 billion, down 19% YoY. Net profit for the period was RMB1.255 billion, up 46.7% YoY. Non-GAAP adjusted net profit was RMB1.611 billion, up 15.7% YoY. Adjusted net income attributable to ordinary shareholders per ADS was RMB1.48, compared with RMB1.24 in the same period last year. Gross margin hiked to 24.1% from 20.7% a year ago, while adjusted operating margin was 8.8%, compared with 4.9% in the same period last year. Both gross margin and adjusted operating margin in 1Q26 reached new highs over the past seven quarters. After the results announcement, KE Holdings Inc (BEKE.US) sagged about 1.1% in pre-market trading in the US at USD17.6. AASTOCKS Financial News |
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