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BEKE - 3 Important Things Investors Should Know From Beike's Latest Earnings
KE Holdings Inc American Depositary Shares (each representing three Class A)
KE Holdings (NYSE: BEKE) , also known as "Beike" and considered the Redfin of China, recently announced its fourth-quarter and full-year 2021 results. Quarterly revenue fell 22% year over year to 17.8 billion yuan ($2.8 billion), while the bottom line saw a 933 million yuan loss, reversing the prior-year quarter's 1.1 billion yuan net profit.
While far from inspiring, these headline numbers tell us only half of the story. Digging further into the earnings announcement reveals three key takeaways.