KE Holdings, Inc. Class A (HK:2423) has released an update.
KE Holdings Inc., a leader in the housing transaction and service industry, has reported a mixed first quarter in 2024 with a significant 35.2% year-over-year decrease in gross transaction value, yet also saw an increase in the number of stores and agents. Despite the downturn in transaction volumes, the company managed to record a net income of RMB432 million. The report highlights the resilience of KE Holdings amid challenging market conditions, signaling caution to shareholders and investors dealing in company securities.
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