XML 155 R137.htm IDEA: XBRL DOCUMENT v3.26.1
SEGMENT INFORMATION (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
segment
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
SEGMENT INFORMATION        
Number of reportable segments | segment 5 5    
Number of operating segments | segment 5 5    
Number of customers no no no no
Net revenues ¥ 94,580,205 $ 13,524,789 ¥ 93,457,498 ¥ 77,776,932
Property leasing costs, commission and compensation (20,020,954) (2,862,958) (13,619,506) (6,163,044)
Cost related to stores (2,851,831) (407,806) (2,854,988) (2,872,093)
Other costs (2,383,938) (340,898) (2,138,510) (1,882,952)
Sales and marketing expenses (7,328,909) (1,048,020) (7,783,341) (6,654,178)
General and administrative expenses (8,075,414) (1,154,769) (8,960,747) (8,236,569)
Research and development expenses (2,580,564) (369,016) (2,283,424) (1,936,780)
Impairment of goodwill, intangible assets and other long-lived assets (116,332) (16,635) (151,576) (93,417)
Total operating expenses 18,101,219 2,588,440 19,179,088 16,920,944
Income from operations 2,110,858 $ 301,849 3,764,967 4,797,070
Existing home transaction services        
SEGMENT INFORMATION        
Net revenues 25,020,035   28,201,003 27,954,135
Commission and compensation costs (15,185,117)   (16,016,079) (14,762,910)
Total segment contribution 9,834,918   12,184,924 13,191,225
New home transaction services        
SEGMENT INFORMATION        
Net revenues 30,597,319   33,653,403 30,575,778
Commission and compensation costs (22,950,571)   (25,304,481) (22,455,253)
Total segment contribution 7,646,748   8,348,922 8,120,525
Home renovation and furnishing        
SEGMENT INFORMATION        
Net revenues 15,426,141   14,768,947 10,850,497
Material costs, commission and compensation (10,581,816)   (10,229,696) (7,705,325)
Total segment contribution 4,844,325   4,539,251 3,145,172
Home rental services        
SEGMENT INFORMATION        
Net revenues 21,900,320   14,334,479 6,099,747
Property leasing costs, commission and compensation (20,020,954)   (13,619,506) (6,163,044)
Total segment contribution 1,879,366   714,973 (63,297)
Emerging and other services        
SEGMENT INFORMATION        
Net revenues 1,636,390   2,499,666 2,296,775
Commission and compensation costs (393,901)   (350,183) (217,341)
Total segment contribution ¥ 1,242,489   ¥ 2,149,483 ¥ 2,079,434