KE Holdings Inc (BEKE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, ladies and gentlemen. Thank you for standing by for Cahey Holdings Inc. Fourth Quarter and Fiscal Year 2025 Earnings Conference Call. Please note that today's call, including management's prepared remarks and question and answer session, will all be available 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 language 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 Li, IR Director of the company. Please go ahead, Siting. Thank you, operator. Good evening and good morning, everyone. Welcome to KE Holdings Incor Baker's fourth quarter and fiscal year 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. that Mr. Peng will share more on our strategic update and thinking. Before we continue, I refer you to our Steve Parker statement in our earnings press release which applies to this call as we will make forward-looking statements. Please also note that FACUS earnings press release and this conference call 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 reconfiguration of the unmatched non-GAAP measures to comparable GAAP measur...