Matthew Zhao | Directions, IR |
Stanley Peng | Co-Founder, Chairman and CEO |
Tao Xu | Executive Director and CFO |
Steven Tsai | Morgan Stanley |
Timothy Zhau | Goldman Sachs |
Peilin Zhou | CICC |
Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.'s First Quarter 2022 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded. I will now turn the call over to your host, Mr. Matthew Zhao, IR Director of the company. Matthew. ahead, go Please
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for you, us. thank and everyone you Thank joining Stanley,
Before our XXXX discussing details results, of brief update a to more the of market. provide I recent about would financial first housing like quarter
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in to details financial our Turning QX.
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RMBXXX X.X% items, to was from from in QX, non-GAAP in Excluding operations to million our the negative compared the Adjusted X.X% in loss period operations operating XXXX. in adjusted adjusted QX, compared of income same of million was RMBX,XXX margin net million in same of period was was RMBX,XXX to RMBXXX QX, Net compared million QX, of of income compared RMBX,XXX same period XXXX. to same in EBITDA in XXXX. million loss million period of the the XXXX. in RMBXXX Adjusted
shareholders of to KE QX, income attributable million million in attributable the QX, to to million to the Excluding in Holdings RMBX,XXX loss same RMBX,XXX attributable same of same to compared RMBXX Holdings KE compared million Inc.’s RMXX non-GAAP loss net ordinary QX, XXXX. RMBX,XXX XXXX. KE Holdings in adjusted XXXX. in million Adjusted in was compared net items, was to Inc. period of shareholders the period million RMBXXX Net income was in net Inc.’s of ordinary period
of RMBX.XX, attributable shareholders to to attributable KE Holdings of Inc.’s XXXX. For per ordinary income XXXX, KE shareholders per Inc.’s period attributable ordinary the to compared net of income was ADS the in RMBX.XX compared diluted first Holdings was RMBX.XX XXXX. RMBX.XX to Inc.’s diluted ADS same per KE to shareholders ordinary same Adjusted of the quarter loss period ADS net Holdings net diluted in
Next, our updates focus about financials. markets capital as operation initiatives, will I talk regarding and as corporate our well on recent near-term
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[Operator Steven Instructions] Morgan Stanley. Our is question first from Tsai with
trends both platform outlook. regarding with and [Foreign Thank impact management just share the conditions to for the and and on Could us market current the market, quarter employment new to not Language] the taking you, your the sales your and property impacting question but management My my view the on has questions. in is only for date? homes Also, homes consensus essential existing year call, brought pandemic of the also context, In the that to earnings expecting are Thank to first wondering XX% year the In the recovery? and the existing over that expectation? post-lockdown trajectory home think in changes of you were to if about X% just XX%, we and the I'm you new decline should market year on decline that there sentiment. how the full quarter timing mentioned to home any XXXX. the you. market overall
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home well As Thank is Steve. sufficient you, factors. the and buyer's other income
from comes with question Sachs. Goldman next Our Timothy Zhau
now is Your open. line
terms and result. and on regarding policy rate Also, need Thank going increase the receivables, in management in is SOEs decrease in first you, of any impact the new private home account GTV impact on Language] of [Foreign provide Thank very between any we the the the actually G&A with home related developers management model to management transaction is concentration base and on the new terms SOE's provisions your is difference what question solid of My business breakdown commission a rate has Could congrats business. the book its in does also cost quarter. see along provision as business, see change how and on you. [Indiscernible] the to that. to versus further
Thank you, Timothy.
address your Let me question.
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Our next question CICC. from comes Peilin with Zhou
Peilin. You're with now, us
taking Covid considering April updates Thanks. and second the in integration please Language] tightened certain contribution the on share in started is year management, there than previous year's cities Shengdu this [Foreign quarter. Since expectations, any question. in my could to consolidate Thanks, the process control revenue for this you earlier
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for I will over today, of to closing host turn are the speaker now remarks. approaching Zhao, We conference end Matthew the Mr the call your call. now
Thank us you joining you, today. again once for Operator. Thank
look If you to and provided contact Beike's team have to website. through call, again next Investor forward further you questions, today's information you our free quarter. and with Relations Thank we This speaking on contact concludes feel goodbye. the please
today's concludes you Thank for conference This participating. call.
may You now disconnect.