Below are the financial statements of KE Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CNY | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 11,442.97a | 19,634.72a |
| Restricted cash | 8,858.45a | 6,222.75a |
| Short-term investments | 41,317.7a | 34,257.96a |
| Financing receivables, net of allowance for credit losses of RMB122,482 and RMB147,330 as of December 31, 2023 and 2024, respectively | 2,835.53a | 1,347.76a |
| Accounts receivable and contract assets, net of allowance for credit losses of RMB1,681,127 and RMB1,636,163 as of December 31, 2023 and 2024, respectively | 5,497.99a | 3,176.17a |
| Amounts due from and prepayments to related parties | 379.22a | 419.27a |
| Loan receivables from related parties | 18.8a | 28.03a |
| Prepayments, receivables and other assets | 6,252.7a | 4,666.98a |
| Total current assets | 76,603.35a | 69,753.62a |
| Non-current assets | — | — |
| Property, plant and equipment, net | 2,400.21a | 1,965.1a |
| Right-of-use assets | 23,366.88a | 17,617.92a |
| Long-term investments, net | 23,790.11a | 23,570.99a |
| Intangible assets, net | 857.64a | 1,067.46a |
| Goodwill | 4,777.42a | 4,856.81a |
| Long-term loan receivables from related parties | 131.41a | 27a |
| Other non-current assets | 1,222.28a | 1,473.04a |
| Total non-current assets | 56,545.94a | 50,578.31a |
| Total assets | 133,149.28a | 120,331.93a |
| Liabilities | — | — |
| Current liabilities | — | — |
| Accounts payable | 9,492.63a | 6,328.52a |
| Amounts due to related parties | 391.45a | 430.35a |
| Employee compensation and welfare payable | 8,414.47a | 8,145.78a |
| Customer deposits payable | 6,078.62a | 3,900.56a |
| Income taxes payable | 1,028.74a | 698.57a |
| Short-term borrowings | 288.28a | 290.45a |
| Lease liabilities current portion | 13,729.7a | 9,368.61a |
| Contract liabilities and deferred revenue | 6,051.87a | 4,665.2a |
| Accrued expenses and other current liabilities | 7,268.51a | 5,695.95a |
| Total current liabilities | 52,744.26a | 39,523.98a |
| Non-current liabilities | — | — |
| Deferred tax liabilities | 317.7a | 279.34a |
| Lease liabilities non-current portion | 8,636.77a | 8,327.11a |
| Other non-current liabilities | 2.56a | 0.39a |
| Total non-current liabilities | 8,957.03a | 8,606.84a |
| Total liabilities | 61,701.29a | 48,130.83a |
| Shareholders’ equity | — | — |
| KE Holdings Inc. shareholders’ equity | — | — |
| Ordinary shares | 0.46a | 0.48a |
| Treasury shares | -949.41a | -866.2a |
| Additional paid-in capital | 72,460.56a | 77,583.05a |
| Statutory reserves | 926.97a | 811.11a |
| Accumulated other comprehensive income | 609.11a | 244.3a |
| Accumulated deficit | -1,723.88a | -5,672.92a |
| Total KE Holdings Inc. shareholders’ equity | 71,323.82a | 72,099.82a |
| Non-controlling interests | 124.18a | 101.28a |
| Total shareholders’ equity | 71,448a | 72,201.11a |
| Total liabilities and shareholders’ equity | 133,149.28a | 120,331.93a |
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