KE Holdings Inc (BEKE) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04245-e0f5-7eb1-9b1a-019af58a031d Created: 2026-08-27T08:11:13.221Z Duration: 3416.921 Channels: 1 00:00:00.000 -- 00:00:02.560 Hello, ladies and gentlemen. Thank you for standing 00:00:02.560 -- 00:00:06.080 by for KE Holdings First Quarter twenty twenty 00:00:06.080 -- 00:00:08.960 six Earnings Conference Call. I am Tsing Li, 00:00:08.960 -- 00:00:11.200 IR Director of KE Holdings. 00:00:11.440 -- 00:00:14.615 Please note that today's call, including management prepared 00:00:14.615 -- 00:00:16.695 remarks and Q and A session will all 00:00:16.695 -- 00:00:19.575 be in Chinese, simultaneous interpretation 00:00:19.575 -- 00:00:21.735 English will be available on a separate line. 00:00:22.134 -- 00:00:24.775 To access the call in Chinese, you will 00:00:24.775 -- 00:00:26.840 need to dial in the Chinese line. At 00:00:26.840 -- 00:00:29.480 this moment, all participants are in listen only 00:00:29.480 -- 00:00:31.720 mode. Today's conference call is being recorded. 00:00:32.119 -- 00:00:34.760 The company's financial and operating results were published 00:00:34.760 -- 00:00:37.480 in the press release earlier today and are 00:00:37.480 -- 00:00:39.400 posted on the company's IR website. 00:00:40.075 -- 00:00:43.675 With us today, we have Mr. Stanley Peng, 00:00:43.675 -- 00:00:44.235 our 00:00:44.715 -- 00:00:48.395 Co Founder, Chairman and Chief Executive Officer and 00:00:48.395 -- 00:00:51.755 Mr. Xu Tao, our Executive Director and CFO. 00:00:52.120 -- 00:00:54.280 Mr. Xu will provide an overview of our 00:00:54.280 -- 00:00:57.160 business updates and financial performance. Then Mr. Peng 00:00:57.160 -- 00:00:59.879 will share more on our strategic transformation and 00:00:59.879 -- 00:01:00.600 insi...