General and administrative expenses decreased by 26.4% to RMB $777 million in Q3 from RMB $2,412 million in the same period of 2021, mainly due to the decrease of the provision for the credit losses, along with the decrease of accounts receivable balance, personnel costs, and overheads, along with the decreased high count, as well as the decrease of the conference and the traveling expenses, which was partially offset by an increase of the share-based compensation in Q3 compared to the same period of 2021.

Nov 30, 2022 / receipt, needs a key / other, other | earnings call 2022-11-30 | transcript 9d66a3f8-db79-4968-98b1-ba9a4914fbc0 | chars 22392-22903 | segment 22

General and administrative expenses were RMB 2,250 million in Q2 compared to RMB 2,202 million in the same period of 2021, mainly due to the increase of the share-based compensation expenses and additional severance payments incurred in Q2. which was partially offset by the decrease of the recurring personal cost and overheads, along with the decreased high cost, as well as the confidence and the travel expenses as a result of COVID-19 outbreaks in certain regions in Q2, compared to the same period of 2021.

Aug 23, 2022 / receipt, needs a key / CFO, CFO | earnings call 2022-08-23 | transcript 009f531d-d64f-486f-b3bc-4c177bd29b74 | chars 25709-26221 | segment 25

And the last operating expenses incurred in that period due to travel and increased by 28.6% to RMB 2.1 billion from RMB 1.7 billion in the same period of last year.

Aug 11, 2021 / receipt, needs a key / other, other | earnings call 2021-08-11 | transcript e92f3df2-9de7-4ca4-bc25-34e265474b34 | chars 24286-24451 | segment 24

Efficient Cost and Expense Structure

ir_statement / Aug 25, 2026 / receipt

Q1 Non-GAAP opex at RMB 3.0 bn, -21% YoY, -34% QoQ

ir_statement / Aug 25, 2026 / receipt

Deep AI adoption.

ir_statement / Aug 25, 2026 / receipt

Q1 Lianjia per-agent existing & new home transaction volume +26% YoY.

ir_statement / Aug 25, 2026 / receipt

Supported by efficiency gains and optimized cost structure.

ir_statement / Aug 25, 2026 / receipt

Design and supply chain efficiency: In-house BIM tools and procurement optimization to enhance design efficiency, cost control and unit economics.

ir_statement / Aug 25, 2026 / receipt

Margin improvement supported by material cost savings from centralized procurement and local tendering, and labor cost optimization from higher order dispatching efficiency.

ir_statement / Aug 25, 2026 / receipt

Product capabilities: Package-and-lifestyle modules to better match diverse customer needs, improving solution-matching efficiency.

ir_statement / Aug 25, 2026 / receipt

AI across property sign-up, leasing, inventory management and decision-making to support scalable, profitable growth.

ir_statement / Aug 25, 2026 / receipt

optimized operating labor costs.

ir_statement / Aug 25, 2026 / receipt

Per-unit profitability improved as AI enablement, refined workflows and clearer role specialization enhanced productivity and optimized operating labor costs.

ir_statement / Aug 25, 2026 / receipt

A Streamlined Cost Structure Bolsters Profitability

ir_statement / Aug 8, 2026 / receipt