On March 14th, Beike released its financial results for the fourth quarter and full year of 2023. According to the financial report, the total trading volume (GTV) of Beike in 2023 was 3.14 trillion yuan; The net income was 77.8 billion yuan, a year-on-year increase of 28.2%; Realized a net profit of 5.89 billion yuan, with an adjusted net profit of 9.798 billion yuan. In the fourth quarter of 2023, the net income of Beike increased by 20.6% year-on-year to 20.2 billion yuan, and the adjusted net profit was 1.714 billion yuan.
In terms of "One Body, Three Wings", the revenue from existing shell houses increased by 15.9% year-on-year to 28 billion yuan in 2023, and the revenue from new houses increased by 6.7% year-on-year to 30.6 billion yuan. Home decoration, emerging and other businesses have become the new growth engines of Beike, contributing 24.7% of its annual revenue, with a revenue of 10.9 billion yuan from the home decoration and home furnishing business, a comparable increase of 74.3% year-on-year. In the fourth quarter of 2023, the revenue of Shell's non real estate transaction services increased by 106.6% year-on-year, accounting for 32.6%.