Beike Company's 2024 Interim Results Net Revenue, Net Profit and More
TapTechNews August 12th news, Beike Company today released its interim results announcement for 2024. For the six months ended June 30, 2024, the net revenue was 39.7 billion Chinese yuan (about $5.7 billion), relatively flat compared to 39.8 billion Chinese yuan in the same period of 2023.
For the six months ended June 30, 2024, the net profit of Beike Company was 2.3 billion Chinese yuan (about $0.33 billion), while it was 4.0 billion Chinese yuan in the same period of 2023. The adjusted net profit was 4.1 billion Chinese yuan (about $0.59 billion), while it was 5.9 billion Chinese yuan in the same period of 2023.
TapTechNews attaches the following partial financial information (for the six months ended June 30, 2024):
The total transaction value was 1,468.9 billion Chinese yuan (about $211.8 billion), a 16.2% decrease from 1,752.1 billion Chinese yuan in the same period of 2023.
The total transaction value of existing home transactions was 1,023.8 billion Chinese yuan (about $147.6 billion), an 8.7% decrease from 1,120.8 billion Chinese yuan in the same period of 2023.
The total transaction value of new home transactions was 3,871 billion Chinese yuan (about $557.6 billion), a 32.4% decrease from 5,729 billion Chinese yuan in the same period of 2023.
The total transaction value of home improvement and home furnishing was 76 billion Chinese yuan (about $10.9 billion), a 24.0% increase from 61 billion Chinese yuan in the same period of 2023.
The total transaction value of emerging businesses and others was 503 billion Chinese yuan (about $72.5 billion), a 3.9% decrease from 523 billion Chinese yuan in the same period of 2023.
The number of stores was 45,948, an increase of 6.9% from 43,000 as of June 30, 2023. The number of active stores was 44,423, an 81% increase from 41,076 as of June 30, 2023.
The number of brokers was 458,690, an increase of 5.2% from 435,813 as of June 30, 2023. The number of active brokers 4 was 411,478, relatively stable compared to 409,054 as of June 30, 2023.