Securities Times Online News: On November 8th, the residential industry digital service platform Shell (NYSE: BEKE; HKEX: 2423) released its financial results for the third quarter of 2023. According to the financial report, the total trading volume (GTV) of Shell in the third quarter reached 655.2 billion yuan, with a net income of 17.8 billion yuan, a year-on-year increase of 1.2%, exceeding the performance guidelines and going online; The net profit was 1.17 billion yuan, a year-on-year increase of 63.4%. After adjustment, the net profit was 2.159 billion yuan, a year-on-year increase of 14.4%, demonstrating a more resilient profitability under stable revenue performance.
Since July, Shell has actively promoted the "One Body, Three Wings" strategy, moving towards a new stage of a one-stop new residential service platform, and the growth potential of new businesses is further evident. In the third quarter, the contract value of home decoration and home furnishing business increased by 65.6% year-on-year to 3.3 billion yuan, and revenue increased by 72.1% year-on-year to 3.2 billion yuan.