On August 12th, Beike released its financial performance for the second quarter of 2024. According to the financial report, the total trading volume (GTV) of Beike in the second quarter was 839 billion yuan (RMB), with a net income of 23.4 billion yuan, a year-on-year increase of 19.9%. The net profit reached 1.9 billion yuan, a year-on-year increase of 46.2%, and the adjusted net profit was 2.69 billion yuan, a year-on-year increase of 13.9%.
In terms of specific business, the total transaction volume of existing shell houses in the second quarter was 570.7 billion yuan (78.5 billion US dollars), a year-on-year increase of 25%; The total transaction volume of new houses was 235.3 billion yuan (32.4 billion US dollars), a year-on-year decrease of 20.2%; The total transaction volume of home decoration and furnishings was 4.2 billion yuan (600 million US dollars), a year-on-year increase of 22.3%; The total transaction volume of emerging businesses and others was 28.8 billion yuan (4 billion US dollars), a year-on-year increase of 12.2%.