KE Holdings Inc. Reports Strong First Quarter 2025 Financial Results

KE Holdings Inc., a prominent player in the real estate sector, has announced its first quarter 2025 unaudited financial results, showcasing a significant increase in both earnings and revenue. The company, which operates an integrated online and offline platform for housing transactions and services in China, reported a net profit of RMB855.767 million, or RMB0.24 per share, marking a substantial rise from RMB431.774 million, or RMB0.12 per share, in the same period last year.

The company’s revenue for the first quarter surged by 42.4%, reaching RMB23.328 billion from RMB16.377 billion in the previous year. This growth was primarily driven by an increase in the total gross transaction value (GTV) and the expansion of its home rental business. The GTV rose to RMB843.7 billion from RMB629.9 billion in the first quarter of 2024, reflecting the sustained growth of the existing home transaction market.

Despite the positive financial performance, KE Holdings Inc.’s stock experienced a decline in pre-market trading on the New York Stock Exchange, falling by 4.60% to $19.30. Excluding certain items, the company recorded earnings of RMB1.393 billion for the first quarter, compared to RMB1.392 billion in the same period of 2024. The net profit per American Depositary Share (ADS) increased to RMB0.73 from RMB0.37 per ADS in the prior year. Adjusted earnings per ADS were reported at RMB1.19, up from RMB1.18 per ADS a year ago.

As of the close of trading on May 13, 2025, KE Holdings Inc. had a market capitalization of 174.93 billion HKD, with a close price of 20.22 HKD. The company’s price-to-earnings ratio stood at 38.7941, reflecting investor sentiment and market expectations.

KE Holdings Inc. continues to focus on expanding its range of real estate-related services, including home sales, rentals, renovations, and financial solutions, positioning itself as a comprehensive provider in the Chinese real estate market.