KE Holdings Inc. (BEKE) Q1 2025 Earnings Call Transcript


KE Holdings Inc. (NYSE:BEKE) Q1 2025 Earnings Conference Call May 15, 2025 8:00 AM ET

Company Participants

Siting Li – IR Director
Stanley Peng – Co-Founder, Chairman & CEO
Tao Xu – Executive Director & CFO

Conference Call Participants

Timothy Zhao – Goldman Sachs
Sophie Zhang – CICC
Jizhou Dong – Nomura
John Lam – UBS

Operator

Hello, ladies and gentlemen. Thank you for standing by for KE Holdings Inc.’s First Quarter 2025 Earnings Conference Call. Please note that today’s call, including the management’s prepared remarks and question-and-answer session will all be in English. Simultaneous interpretation in Chinese is available on a separate line for the duration of the call. To access the call in Chinese, you will need to dial-in to the Chinese language line. At this time, all participants are in listen-only mode. Today’s conference call is being recorded.

I will now turn the call over to your host, Ms. Siting Li, IR Director of the company. Please go ahead, Siting.

Siting Li

Thank you, operator. Good evening and good morning, everyone. Welcome to KE Holdings Inc., or Beike’s first quarter 2025 earnings conference call. The company’s financial and operating results were published in the press release earlier today and are posted on the company’s IR website, investors.ke.com.

On today’s call, we have Mr. Tao Xu, our Executive Director and Chief Financial Officer. Mr. Xu will provide an overview of our strategies and business developments on behalf of our — of Mr. Stanley Peng, our Co-Founder, Chairman and Chief Executive Officer. And then, Mr. Xu will discuss the financials in more detail.

Before we continue, I refer you to our safe harbor statements in our earnings press release, which applies to this call, as we will make forward-looking statements. Please also note that Beike’s earnings press release and this conference call include



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