On March 14th, Shell (NYSE: BEKE; HKEX: 2423) released its financial results for the fourth quarter and full year of 2023. According to the financial report, the total trading volume (GTV) of Beike in 2023 was 3.14 trillion yuan; The net income was 77.8 billion yuan, a year-on-year increase of 28.2%; Realized a net profit of 5.89 billion yuan, with an adjusted net profit of 9.798 billion yuan. In the fourth quarter of last year, the net income of Beike increased by 20.6% year-on-year to 20.2 billion yuan, and the adjusted net profit was 1.714 billion yuan. Thanks to its advantages in quality and efficiency, Beike has demonstrated strong resilience in performance and significantly improved the company's profitability.
In 2023, Beike continued to deepen its "One Body, Three Wings" strategy, with steady growth in its real estate transaction service business and breakthroughs in its second track business. Among them, the revenue from existing houses increased by 15.9% year-on-year, reaching 28 billion yuan, and the revenue from new houses increased by 6.7% year-on-year, reaching 30.6 billion yuan. Home decoration, emerging and other businesses have become new growth engines for Beike, contributing 24.7% of its annual revenue. Among them, the home decoration and home furnishing business revenue reached 10.9 billion yuan, a year-on-year increase of 74.3% compared to the same period last year. In the fourth quarter of last year, the revenue of Shell's non real estate transaction services increased by 106.6% year-on-year, further increasing to 32.6%.