STATUTORY RESERVES AND RESTRICTED NET ASSETS (Tables) - Parent
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12 Months Ended |
Dec. 31, 2025 |
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| Schedule of Condensed balance sheets of the parent company |
Condensed balance sheets of the parent company | | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | | | | (in thousands, except for | | | share and per share data) | ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | | 40,415 | | 646,909 | Short-term investments | | 1,946,964 | | 2,771,550 | Amounts due from subsidiaries and VIEs | | 1,476,789 | | 1,434,821 | Prepayments, receivables and other assets | | 7,641 | | 3,495 | Non‑current assets: | | | | | Investment in subsidiaries | | 66,782,487 | | 61,861,571 | Net assets of the VIEs | | 2,744,068 | | 2,931,280 | Long-term investments, net | | 362,992 | | — | TOTAL ASSETS | | 73,361,356 | | 69,649,626 | | | | | | LIABILITIES | | | | | Current liabilities | | | | | Accrued expenses and other current liabilities | | 168,079 | | 45,209 | Amounts due to subsidiaries and VIEs | | 1,869,461 | | 3,163,129 | TOTAL LIABILITIES | | 2,037,540 | | 3,208,338 | | | | | | SHAREHOLDERS’ EQUITY | | | | | Ordinary shares (US$0.00002 par value; 25,000,000,000 ordinary shares authorized, comprising of 24,114,698,720 Class A ordinary shares and 885,301,280 Class B ordinary shares as of both December 31, 2024 and 2025. 3,479,616,986 Class A ordinary shares issued and 3,337,567,403 Class A ordinary shares outstanding(1) as of December 31, 2024; 3,366,778,024 Class A ordinary shares issued and 3,233,808,859 Class A ordinary shares outstanding(1) as of December 31, 2025; and 145,413,446 and 139,447,770 Class B ordinary shares issued and outstanding as of December 31, 2024 and 2025, respectively) | | 461 | | 450 | Treasury shares | | (949,410) | | (848,433) | Additional paid‑in capital | | 72,460,562 | | 64,802,176 | Accumulated other comprehensive income | | 609,112 | | 290,029 | (Accumulated deficit) / Retained earnings | | (796,909) | | 2,197,066 | Total shareholders’ equity | | 71,323,816 | | 66,441,288 | TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | | 73,361,356 | | 69,649,626 |
| (1) | Excluding the Class A ordinary shares registered in the name of the depositary bank for future issuance of ADSs upon the exercise or vesting of awards granted under our share incentive plans and the Class A ordinary shares repurchased but not cancelled in the form of ADSs. |
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| Schedule of Condensed statements of comprehensive income (loss) of the parent company |
Condensed statements of comprehensive income of the parent company | | | | | | | | | For the Year Ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | | | | (in thousands) | General and administrative expenses | | (45,781) | | (33,862) | | (92,616) | Interest income, net | | 52,460 | | (117) | | 6,647 | Share of income of subsidiaries | | 5,618,262 | | 3,734,104 | | 2,581,208 | Income of the VIEs | | 194,884 | | 252,952 | | 187,213 | Fair value changes through earnings on investments, net | | 45,235 | | 40,780 | | 95,325 | Foreign currency exchange loss | | (30,089) | | (40,093) | | (21,420) | Other income, net | | 48,253 | | 111,136 | | 237,618 | Income before income tax expense | | 5,883,224 | | 4,064,900 | | 2,993,975 | Income tax expense | | — | | — | | — | Net income | | 5,883,224 | | 4,064,900 | | 2,993,975 | Net income attributable to KE Holdings Inc.’s ordinary shareholders | | 5,883,224 | | 4,064,900 | | 2,993,975 | | | | | | | | Net income | | 5,883,224 | | 4,064,900 | | 2,993,975 | Other comprehensive income (loss) | | | | | | | Currency translation adjustments | | 574,223 | | 217,142 | | (429,040) | Unrealized gains on available-for-sale investments, net of reclassification | | 82,800 | | 147,668 | | 109,957 | Total comprehensive income | | 6,540,247 | | 4,429,710 | | 2,674,892 | Total comprehensive income attributable to KE Holdings Inc.’s ordinary shareholders | | 6,540,247 | | 4,429,710 | | 2,674,892 |
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| Schedule of Condensed statements of cash flows of the parent company |
Condensed statements of cash flows of the parent company | | | | | | | | | For the Year Ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | | | | (in thousands) | Net cash provided by operating activities | | 62,063 | | 194,920 | | 131,872 | Net cash provided by investing activities | | 6,933,723 | | 7,749,040 | | 9,950,599 | Net cash used in financing activities | | (6,576,333) | | (7,931,793) | | (9,462,344) | Effect of exchange rate changes on cash and cash equivalents | | (422,857) | | 18,834 | | (13,633) | Net increase (decrease) in cash and cash equivalents | | (3,404) | | 31,001 | | 606,494 | Cash and cash equivalents at the beginning of the year | | 12,818 | | 9,414 | | 40,415 | Cash and cash equivalents at the end of the year | | 9,414 | | 40,415 | | 646,909 |
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