KE Holdings Inc (BEKE) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, ladies and gentlemen. Thank you for standing by for KE Holdings Inc. Third 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 into the Chinese 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 Lee, IR Director of the company. Please go ahead, Siting. Thank you, Operator. Good evening and good morning, everyone. Welcome to KE Holdings or BECA's Third 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. Stanley Peng, our co-founder, chairman, and chief executive officer, and Mr. Tao Xu, our executive director and chief financial officer. Mr. Xu will provide an overview of our business updates and financial performance. Then Mr. Peng will share more on our strategic development and innovative initiatives. Before we continue, I refer you to our safe harbor statement in our earnings press release, which applies to this call. as we will make forward-looking statements. Please also note that Baker's earnings press release and these conference calls include discussions of unnoticed gap financial information, as well as unnoticed non-gap financial measures. Please refer to the company's press release, which contains a reconciliation of the unnoticed non-gap measures to comparable gap measures. Lastly, unless otherwise sta...