One Body, Two Wings Strategy Upgrade
GAAP to Adjusted / Non (GAAP Measures Reconciliation
(RMB mm)
Net income (Loss)
Add:
贝壳
找房大平台
For the Nine Months Ended September 30,
For the Year Ended Dec 31,
2020
2021
)% YoY
2020
2021
)% YoY
1,096
(933)
n/a
2,778
(525)
n/a
584
320
Share (based compensation expenses
(45.3)%
2,253
1,538
(31.7)%
Amortization of intangible assets resulting from acquisitions and
Business Cooperation Agreement
144
117
(18.6)%
605
470
(22.3)%
Changes in Fair value from long term investments, loan receivable
measured at fair value and contingent consideration
(93)
3
n/a
(175)
(124)
n/a
236
350
48.1%
236
747
n/a
Impairment of goodwill and intangible assets
36
187
423.7%
27
187
n/a
Impairment of investments
Adjusted for tax effects on non (GAAP adjustments
Adjusted net profit
(1)
(1)
n/a
(4)
1
n/a
2,001
42
(97.9)%
5,720
2,294
(59.9)%
For the Nine Months Ended September 30,
For the Year Ended Dec 31,
(RMB mm)
2020
1,096
2021
(933)
)% YoY
2020
2021
)% YoY
n/a
2,778
(525)
n/a
Net income (Loss)
Add:
717
269
Income tax expenses
(62.4)%
1,609
1,665
3.5%
584
320
(45.3)%
2,253
1,538
(31.7)%
Share (based compensation expenses
Amortization of intangible assets resulting from acquisitions and
145
122
(16.4)%
621
491
(21.0)%
Business Cooperation Agreement
181
280
55.1%
553
880
59.1%
Depreciation of property and equipment
(5)
(113)
n/a
(164)
(355)
n/a
Interest income, net
Changes in Fair value from long term investments, loan receivable
(93)
3
n/a
(175)
(124)
n/a
measured at fair value and contingent consideration
236
350
n/a
236
747
n/a
Impairment of goodwill and intangible assets
36
187
n/a
27
187
n/a
Impairment of investments
Adjusted EBITDA
2,897
484
(83.3)%
7,738
4,504
(41.8)%
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