KE Holdings Inc (BEKE) Q4 2025 Earnings Call

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Watch the replay and follow the connected company analysis, news, and investor updates for Ke Holdings, Inc. Class A.

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WEBVTT 00:00:00.031 -- 00:00:05.238 Hello, ladies and gentlemen. Thank you for standing by for Cahey Holdings Inc. 00:00:05.238 -- 00:00:08.823 Fourth Quarter and Fiscal Year 2025 00:00:08.823 -- 00:00:11.526 Earnings Conference Call. 00:00:11.526 -- 00:00:16.791 Please note that today's call, including management's prepared remarks 00:00:18.015 -- 00:00:22.060 and question and answer session, will all be available in English. 00:00:22.060 -- 00:00:26.466 Simultaneous interpretation in Chinese is available on a separate line for the duration 00:00:26.466 -- 00:00:31.040 of the call. To access the call in Chinese, you will need to dial into the Chinese language 00:00:31.040 -- 00:00:35.246 line. At this time, all participants are in listen-only mode. 00:00:35.246 -- 00:00:37.369 Today's conference call is being recorded. 00:00:37.369 -- 00:00:39.312 I will now turn the call over to your host, Ms. 00:00:39.312 -- 00:00:44.636 Siting Li, IR Director of the company. Please go ahead, Siting. 00:00:45.400 -- 00:00:48.344 Thank you, operator. Good evening and good morning, everyone. 00:00:48.344 -- 00:00:53.432 Welcome to KE Holdings Incor Baker's fourth quarter and fiscal year 2025 00:00:53.432 -- 00:00:57.670 earnings conference call. The company's financial and operating results were published 00:00:57.670 -- 00:01:04.516 in the press release earlier today and are posted on the company's IR website, investors.ke.com. 00:01:04.939 -- 00:01:10.145 On today's call, we have Mr. Stanley Peng, our co-founder, chairman, and chief executive 00:01:10.145 -- 00:01:16.233 officer, and Mr. Tao Xu, our executive director and chief financial officer. 00:01:16.233 -- 00:01:21.267 Mr. Xu will provide an overview of our business updates and financial performance. 00:01:21.267 -- 00:01:26...