BEIJING, Aug. 31, 2017 /PRNewswire/ -- Leju Holdings
Limited ("Leju" or the "Company") (NYSE: LEJU), a leading
online-to-offline ("O2O") real estate services provider in
China, today announced its
unaudited financial results for the second quarter ended
June 30, 2017.
Second Quarter 2017 Financial Highlights
- Total revenues decreased by 41% year-on-year to $92.7 million.
-
- Revenues from e-commerce services decreased by 46% year-on-year
to $63.7 million.
- Revenues from online advertising services decreased by 28%
year-on-year to $24.8 million.
- Revenues from listing services decreased by 26% year-on-year to
$4.2 million.
- Loss from operations was $83.0
million, including goodwill impairment charge of
$41.2 million. Non-GAAP[1]
loss from operations was $37.4
million.
- Net loss attributable to Leju shareholders was $87.3 million, including goodwill impairment
charge of $41.2 million, or
$0.64 loss per diluted American
depositary share ("ADS"). Non-GAAP net loss attributable to Leju
shareholders was $42.3 million, or
$0.31 loss per diluted ADS.
First Half 2017 Financial Highlights
- Total revenues decreased by 41% year-on-year to $161.0 million.
-
- Revenues from e-commerce services decreased by 50% year-on-year
to $101.8 million.
- Revenues from online advertising services decreased by 10%
year-on-year to $50.6 million.
- Revenues from listing services decreased by 20% year-on-year to
$8.6 million.
- Loss from operations was $129.2
million, including goodwill impairment charge of
$41.2 million. Non-GAAP loss from
operations was $79.2 million.
- Net loss attributable to Leju shareholders was $115.5 million, including goodwill impairment
charge of $41.2 million, or
$0.85 loss per diluted American
depositary share ("ADS"). Non-GAAP net loss attributable to Leju
shareholders was $66.5 million, or
$0.49 loss per diluted ADS.
"During the second quarter, we continued to face an extremely
challenging operating environment," said Mr. Geoffrey He, Leju's Chief Executive Officer.
"Restrictive policies on the real estate industry such as price
ceilings, required holdings period, and tightened mortgage lending
were strictly enforced in this quarter and further expanded from
tier 1 and tier 2 cities into some lower tier cities. As a result,
demand for marketing activities was sharply reduced in both primary
and secondary real estate markets in major cities where we operate, which had a significant
and negative impact on our operations and results."
"Despite the policy headwinds, we stayed focused on offering
differentiated and comprehensive marketing solutions for our
developer clients, who well recognize Leju's value as a result of
our continued investment in platform improvement, brand awareness
and product innovation. We believe Leju is well positioned to
capture the growth opportunity when the market normalizes. In the
near term, we will closely monitor market development and
regulatory changes and make necessary adjustments to reduce costs
and operating losses."
[1] Leju
uses in this press release the following non-GAAP financial
measures: (1) income (loss) from operations, (2) net income (loss),
(3) net income (loss) attributable to Leju shareholders, (4) net
income (loss) attributable to Leju shareholders per basic ADS, and
(5) net income (loss) attributable to Leju shareholders per diluted
ADS, each of which excludes share-based compensation expense,
amortization of intangible assets resulting from business
acquisitions and goodwill impairment. See "About Non-GAAP Financial
Measures" and "Unaudited Reconciliation of GAAP and Non-GAAP
Results" below for more information about the non-GAAP financial
measures included in this press release.
|
Second Quarter 2017 Results
Total revenues were $92.7
million, a decrease of 41% from $158.3 million for the same quarter of 2016 as a
result of restrictions placed by local governments.
Revenues from e-commerce services were
$63.7 million, a decrease of 46% from
$118.2 million for the same quarter
of 2016, primarily due to decreases in both the number of discount
coupons redeemed and in the average price per discount coupon.
Revenues from online advertising services were
$24.8 million, a decrease of 28% from
$34.4 million for the same quarter of
2016, primarily due to a decrease in property developers' online
advertising demand.
Revenues from listing services were $4.2 million, a decrease of 26% from $5.7 million for the same quarter of 2016,
primarily due to a decrease in secondary home sales.
Cost of revenues was $19.2
million, an increase of 31% from $14.6 million for the same quarter of 2016,
primarily due to increased cost of advertising resources purchased,
partially offset by decreased staffing cost of the editorial
department as a result of headcount change.
Selling, general and administrative expenses were
$117.9 million, a decrease of 12%
from $134.3 million for the same
quarter of 2016, primarily due to decreased marketing expenses
related to the Company's e-commerce business and decreased
commission expenses in line with the decrease of revenues.
Goodwill impairment charge was $41.2 million. Since changes in market
environment continued to have a negative impact on the Company's
operating conditions and business outlook, an impairment loss of
goodwill of $41.2 million was
recognized based on the impairment assessment review.
Loss from operations was $83.0 million, compared to income from operations
of $10.1 million for the same quarter
of 2016. Non-GAAP loss from operations was
$37.4 million, compared to non-GAAP
income from operations of $16.5
million for the same quarter of 2016.
Net loss was $87.5
million, compared to net income of $8.6 million for the same quarter of 2016.
Non-GAAP net loss was $42.5
million, compared to non-GAAP net income of $14.3 million for the same quarter of 2016.
Net loss attributable to Leju shareholders was
$87.3 million, or $0.64 loss per diluted ADS, compared to net
income attributable to Leju shareholders of $9.5 million, or $0.07 per diluted ADS, for the same quarter of
2016. Non-GAAP net loss attributable to Leju
shareholders was $42.3
million, or $0.31 loss per
diluted ADS, compared to non-GAAP net income attributable to Leju
shareholders of $15.2 million, or
$0.11 per diluted ADS, for the same
quarter of 2016.
First Half 2017 Results
Total revenues were $161.0
million, a decrease of 41% from $271.3 million for the same period of 2016 as a
result of restrictions placed by local governments.
Revenues from e-commerce services were
$101.8 million, a decrease of 50%
from $204.3 million for the same
period of 2016, primarily due to decreases in both the number of
discount coupons redeemed and in the average price per discount
coupon.
Revenues from online advertising services were
$50.6 million, a decrease of 10% from
$56.2 million for the same period of
2016, primarily due to a decrease in property developers' online
advertising demand.
Revenues from listing services were $8.6 million, a decrease of 20% from $10.8 million for the same period of 2016,
primarily due to a decrease in secondary home sales.
Cost of revenues was $33.3
million, an increase of 18% from $28.2 million for the same period of 2016,
primarily due to increased cost of advertising resources purchased,
partially offset by decreased staffing cost of the editorial
department as a result of headcount change.
Selling, general and administrative expenses were
$218.5 million, a decrease of 12%
from $247.6 million for the same
period of 2016, primarily due to decreased marketing expenses
related to the Company's e-commerce business and decreased
commission expenses in line with the decrease of revenues.
Goodwill impairment charge was $41.2 million. Since changes in market
environment continued to have a negative impact on the Company's
operating conditions and business outlook, an impairment loss of
goodwill of $41.2 million was
recognized based on the impairment assessment review.
Loss from operations was $129.2 million, compared to $3.7 million for the same period of 2016.
Non-GAAP loss from operations was $79.2 million, compared to non-GAAP income from
operations of $9.2 million for the
same period of 2016.
Net loss was $116.2
million, compared to $2.4
million for the same period of 2016. Non-GAAP net
loss was $67.2 million,
compared to non-GAAP net income of $8.9
million for the same period of 2016.
Net loss attributable to Leju
shareholders was $115.5
million, or $0.85 loss per
diluted ADS, compared to $1.4
million, or $0.01 loss per
diluted ADS, for the same period of 2016. Non-GAAP net loss
attributable to Leju shareholders was $66.5 million, or $0.49 loss per diluted ADS, compared to non-GAAP
net income attributable to Leju shareholders of $9.9 million, or $0.07 per diluted ADS, for the same period of
2016.
Cash Flow
As of June 30, 2017, the Company's
cash and cash equivalents balance was $192.5 million.
Second quarter 2017 net cash used in operating
activities was $29.5 million,
mainly attributable to non-GAAP net loss of $42.5 million, partially offset by an increase in
accrued marketing and advertising expenses and other current
liabilities of $13.2 million.
Business Outlook
The Company estimates that its total revenues for the third
quarter of 2017 will be approximately $85
million to $95 million, which would represent a decrease of
approximately 48% to 54% from $183.3
million in the same quarter in 2016. This forecast reflects
the 'Company's current and preliminary view, which is subject to
change.
Conference Call Information
Leju's management will host an earnings conference call on
August 31, 2017 at 7 a.m. U.S. Eastern Time (7 p.m. Beijing/Hong
Kong time).
Dial-in details for the earnings conference call are as
follows:
U.S./International:
|
+1-323-794-2094
|
Hong Kong:
|
+852-3008-1527
|
Mainland
China:
|
+400-120-9101
|
Please dial in 10 minutes before the call is scheduled to begin
and provide the passcode to join the call. The passcode is "Leju
earnings call."
A replay of the conference call may be accessed by phone at the
following number until September 7,
2017:
U.S./International:
|
+1-888-203-1112
|
Hong Kong:
|
+800-901-108
|
Mainland
China:
|
+400-120-1651
|
Passcode:
|
6186995
|
Additionally, a live and archived webcast will be available at
http://ir.leju.com.
About Leju
Leju Holdings Limited ("Leju") (NYSE: LEJU) is a
leading online-to-offline, or O2O, real estate services provider
in China, offering real estate e-commerce, online advertising
and online listing services. Leju's integrated online
platform comprises various mobile applications along with local
websites covering more than 370 cities, enhanced by complementary
offline services to facilitate residential property transactions.
In addition to the Company's own websites, Leju operates
the real estate and home furnishing websites of SINA
Corporation, and maintains a strategic partnership
with Tencent Holdings Limited. For more information
about Leju, please visit http://ir.leju.com.
Safe Harbor: Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"going forward," "outlook" and similar statements. Leju may also
make written or oral forward-looking statements in its reports
filed or furnished with the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that
are not historical facts, including statements about Leju's beliefs
and expectations, are forward-looking statements that involve
inherent risks and uncertainties. A number of important factors
could cause actual results to differ materially from those
contained, either expressly or impliedly, in any of the
forward-looking statements. Such factors include, but are not
limited to, fluctuations in China's real estate market;
the highly regulated nature of, and government measures affecting,
the real estate and internet industries in China; Leju's
ability to compete successfully against current and future
competitors; its ability to continue to develop and expand its
content, service offerings and features, and to develop or
incorporate the technologies that support them; its limited
operating history and lack of experience as a stand-alone public
company, given its carve-out from E-House and prior reliance on
E-House for various corporate services; its reliance on SINA and
others with which it has developed, or may develop in the future,
strategic partnerships; substantial revenue contribution from a
limited number of real estate markets; complexities resulting from
its ongoing relationships with E-House, due to E-House's principal
shareholding interest in Leju; and relevant government policies and
regulations relating to the corporate structure, business and
industry of Leju. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release is current as of the
date of the press release, and the Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
About Non-GAAP Financial Measures
To supplement Leju's consolidated financial results presented in
accordance with United States Generally Accepted Accounting
Principles ("GAAP"), Leju uses in this press release the following
non-GAAP financial measures: (1) income (loss) from operations, (2)
net income (loss), (3) net income (loss) attributable to Leju
shareholders, (4) net income (loss) attributable to Leju
shareholders per basic ADS, and (5) net income (loss) attributable
to Leju shareholders per diluted ADS, each of which excludes
share-based compensation expense, amortization of intangible assets
resulting from business acquisitions and goodwill impairment. The
presentation of these non-GAAP financial measures is not intended
to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with GAAP. For
more information on these non-GAAP financial measures, please see
the table captioned "Unaudited Reconciliation of GAAP and Non-GAAP
Results" set forth at the end of this press release.
Leju believes that these non-GAAP financial measures provide
meaningful supplemental information to investors regarding its
operating performance by excluding share-based compensation
expense, amortization of intangible assets resulting from business
acquisitions, and goodwill impairment which may not be indicative
of Leju's operating performance. These non-GAAP financial measures
also facilitate management's internal comparisons to Leju's
historical performance and assist its financial and operational
decision making. A limitation of using these non-GAAP financial
measures is that share-based compensation expense and amortization
of intangible assets resulting from business acquisitions may
continue to exist in Leju's business for the foreseeable future.
Management compensates for these limitations by providing specific
information regarding the GAAP amounts excluded from each non-GAAP
measure. The accompanying tables provide more details on the
reconciliation between non-GAAP financial measures and their most
comparable GAAP financial measures.
For investor and media inquiries please contact:
Ms. Annie Huang
Leju Holdings Limited
Phone: +86 (10) 5895-1062
E-mail: ir@leju.com
Philip Lisio
Foote Group
Phone: +86 135-0116-6560
E-mail: phil@thefootegroup.com
LEJU HOLDINGS
LIMITED
|
UNAUDITED
CONSOLIDATED BALANCE SHEETS
|
(In thousands of
U.S. dollars)
|
|
December
31,
|
|
June
30,
|
|
2016
|
|
2017
|
ASSETS
|
|
|
|
Current
assets
|
|
|
|
Cash and cash
equivalents
|
274,338
|
|
192,494
|
Accounts receivable,
net
|
71,390
|
|
81,073
|
Marketable
securities
|
2,181
|
|
2,088
|
Prepaid expenses and
other current assets
|
12,756
|
|
14,572
|
Customer
deposits
|
39,702
|
|
32,736
|
Amounts due from
related parties
|
6,019
|
|
3,208
|
Total current
assets
|
406,386
|
|
326,171
|
Property and
equipment, net
|
7,923
|
|
7,615
|
Intangible assets,
net
|
78,374
|
|
77,462
|
Investment in
affiliates
|
409
|
|
285
|
Goodwill
|
39,018
|
|
-
|
Deferred tax
assets
|
41,698
|
|
42,699
|
Other non-current
assets
|
2,059
|
|
1,994
|
Total
assets
|
575,867
|
|
456,226
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
Current
liabilities
|
|
|
|
Accounts
payable
|
1,574
|
|
2,320
|
Accrued payroll and
welfare expenses
|
41,728
|
|
36,918
|
Income tax
payable
|
66,148
|
|
45,139
|
Other tax
payable
|
16,678
|
|
12,388
|
Amounts due to
related parties
|
1,581
|
|
8,118
|
Advance from
customers and deferred revenue
|
5,058
|
|
6,116
|
Accrued marketing and
advertising expenses
|
9,355
|
|
19,001
|
Other current
liabilities
|
8,516
|
|
8,687
|
Total current
liabilities
|
150,638
|
|
138,687
|
Deferred tax
liabilities
|
18,869
|
|
20,680
|
Total
liabilities
|
169,507
|
|
159,367
|
Equity
|
|
|
|
Ordinary shares
($0.001 par value): 1,000,000,000 shares
authorized, 135,503,958 and 135,763,962 shares
issued and
outstanding, as of December 31, 2016 and June 30,
2017,
respectively
|
136
|
|
136
|
Additional paid-in
capital
|
785,019
|
|
787,424
|
Accumulated
deficit
|
(354,365)
|
|
(469,864)
|
Accumulated other
comprehensive income
|
(22,321)
|
|
(18,015)
|
Total Leju
equity
|
408,469
|
|
299,681
|
Non-controlling
interests
|
(2,109)
|
|
(2,822)
|
Total
equity
|
406,360
|
|
296,859
|
TOTAL LIABILITIES
AND EQUITY
|
575,867
|
|
456,226
|
LEJU HOLDINGS
LIMITED
|
UNAUDITED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(In thousands of
U.S. dollars, except share data and per share data)
|
|
|
|
Three months
ended
|
|
Six months
ended
|
|
|
June
30,
|
|
June
30,
|
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
Revenues
|
|
|
|
|
|
|
|
|
E-commerce
|
|
118,219
|
|
63,719
|
|
204,307
|
|
101,810
|
Online advertising
services
|
|
34,433
|
|
24,760
|
|
56,214
|
|
50,553
|
Listing
services
|
|
5,671
|
|
4,210
|
|
10,790
|
|
8,634
|
Total
revenues
|
|
158,323
|
|
92,689
|
|
271,311
|
|
160,997
|
Cost of
revenues
|
|
(14,639)
|
|
(19,163)
|
|
(28,236)
|
|
(33,293)
|
Selling, general and
administrative expenses
|
|
(134,298)
|
|
(117,931)
|
|
(247,610)
|
|
(218,452)
|
Goodwill impairment
charge
|
|
-
|
|
(41,223)
|
|
-
|
|
(41,223)
|
Other operating
income
|
|
708
|
|
2,671
|
|
810
|
|
2,742
|
Income (loss) from
operations
|
|
10,094
|
|
(82,957)
|
|
(3,725)
|
|
(129,229)
|
Investment income
(loss)
|
|
3
|
|
-
|
|
(190)
|
|
-
|
Interest
income
|
|
330
|
|
294
|
|
552
|
|
577
|
Other income
(expenses), net
|
|
516
|
|
(435)
|
|
501
|
|
(307)
|
Income (loss)
before taxes and equity in
affiliates
|
|
10,943
|
|
(83,098)
|
|
(2,862)
|
|
(128,959)
|
Income tax benefits
(expenses)
|
|
(2,223)
|
|
(4,368)
|
|
581
|
|
12,925
|
Income (loss)
before equity in affiliates
|
|
8,720
|
|
(87,466)
|
|
(2,281)
|
|
(116,034)
|
Loss from equity in
affiliates
|
|
(76)
|
|
(56)
|
|
(136)
|
|
(132)
|
Net income
(loss)
|
|
8,644
|
|
(87,522)
|
|
(2,417)
|
|
(116,166)
|
Less: net loss
attributable to non-controlling
interests
|
|
(884)
|
|
(219)
|
|
(981)
|
|
(690)
|
Net income (loss)
attributable to Leju
shareholders
|
|
9,528
|
|
(87,303)
|
|
(1,436)
|
|
(115,476)
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per
share:
|
|
|
|
|
|
|
|
|
Basic
|
|
0.07
|
|
(0.64)
|
|
(0.01)
|
|
(0.85)
|
Diluted
|
|
0.07
|
|
(0.64)
|
|
(0.01)
|
|
(0.85)
|
Shares used in
computation:
|
|
|
|
|
|
|
|
|
Basic
|
|
135,259,389
|
|
135,763,962
|
|
135,117,867
|
|
135,652,738
|
Diluted
|
|
135,366,778
|
|
135,763,962
|
|
135,117,867
|
|
135,652,738
|
|
|
|
|
|
|
|
|
|
Note 1
|
The conversion of
Renminbi ("RMB") amounts into USD amounts is based on the
rate of USD1 = RMB6.7744 on June 30, 2017 and USD1 = RMB6.8547 for
the six
months ended June 30, 2017
|
LEJU HOLDINGS
LIMITED
|
UNAUDITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
|
(In thousands of
U.S. dollars)
|
|
|
Three months
ended
|
|
Six months
ended
|
|
June
30,
|
|
June
30,
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
8,644
|
|
(87,522)
|
|
(2,417)
|
|
(116,166)
|
Other comprehensive
income (loss), net of tax of
nil
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment
|
(4,575)
|
|
3,025
|
|
(3,785)
|
|
4,268
|
|
|
|
|
|
|
|
|
Comprehensive
income (loss)
|
4,069
|
|
(84,497)
|
|
(6,202)
|
|
(111,898)
|
|
|
|
|
|
|
|
|
Less: Comprehensive
loss attributable to non-
controlling interest
|
(882)
|
|
(251)
|
|
(980)
|
|
(729)
|
|
|
|
|
|
|
|
|
Comprehensive
income (loss) attributable to
Leju shareholders
|
4,951
|
|
(84,246)
|
|
(5,222)
|
|
(111,169)
|
LEJU HOLDINGS
LIMITED
|
Unaudited
Reconciliation of GAAP and Non-GAAP Results
|
(In thousands of
U.S. dollars, except share data and per ADS data)
|
|
|
Three months
ended
|
|
Six months
ended
|
|
June
30,
|
|
June
30,
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
GAAP income (loss)
from operations
|
10,094
|
|
(82,957)
|
|
(3,725)
|
|
(129,229)
|
Share-based
compensation expense
|
3,364
|
|
976
|
|
6,727
|
|
2,398
|
Amortization of
intangible assets resulting from business
acquisitions
|
3,083
|
|
3,332
|
|
6,167
|
|
6,363
|
Goodwill
impairment
|
-
|
|
41,223
|
|
-
|
|
41,223
|
Non-GAAP income
(loss) from operations
|
16,541
|
|
(37,426)
|
|
9,169
|
|
(79,245)
|
|
|
|
|
|
|
|
|
GAAP net income
(loss)
|
8,644
|
|
(87,522)
|
|
(2,417)
|
|
(116,166)
|
Share-based
compensation expense (net of tax)
|
3,364
|
|
976
|
|
6,727
|
|
2,398
|
Amortization of
intangible assets resulting from
business
acquisitions (net of tax)
|
2,312
|
|
2,797
|
|
4,625
|
|
5,367
|
Goodwill impairment
(net of tax)
|
-
|
|
41,223
|
|
-
|
|
41,223
|
Non-GAAP net
income (loss)
|
14,320
|
|
(42,526)
|
|
8,935
|
|
(67,178)
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to Leju Shareholder
|
9,528
|
|
(87,303)
|
|
(1,436)
|
|
(115,476)
|
Share-based
compensation expense
(net of
tax and non-controlling interests)
|
3,356
|
|
968
|
|
6,711
|
|
2,382
|
Amortization of
intangible assets resulting from business
acquisitions (net of tax and
non-controlling interests)
|
2,312
|
|
2,797
|
|
4,625
|
|
5,367
|
Goodwill impairment
(net of tax and non-controlling
interests)
|
-
|
|
41,223
|
|
-
|
|
41,223
|
Non-GAAP net
income (loss) attributable to Leju
shareholders
|
15,196
|
|
(42,315)
|
|
9,900
|
|
(66,504)
|
|
|
|
|
|
|
|
|
GAAP net income
(loss) per ADS - basic
|
0.07
|
|
(0.64)
|
|
(0.01)
|
|
(0.85)
|
|
|
|
|
|
|
|
|
GAAP net income
(loss) per ADS - diluted
|
0.07
|
|
(0.64)
|
|
(0.01)
|
|
(0.85)
|
|
|
|
|
|
|
|
|
Non-GAAP net
income (loss) per ADS - basic
|
0.11
|
|
(0.31)
|
|
0.07
|
|
(0.49)
|
|
|
|
|
|
|
|
|
Non-GAAP net income
(loss) per ADS - diluted
|
0.11
|
|
(0.31)
|
|
0.07
|
|
(0.49)
|
|
|
|
|
|
|
|
|
Shares used in
calculating basic GAAP/non-GAAP net
income (loss) attributable to shareholders
per ADS
|
135,259,389
|
|
135,763,962
|
|
135,117,867
|
|
135,652,738
|
|
|
|
|
|
|
|
|
Shares used in
calculating diluted GAAP net income (loss)
attributable to shareholders per
ADS
|
135,366,778
|
|
135,763,962
|
|
135,117,867
|
|
135,652,738
|
|
|
|
|
|
|
|
|
Shares used in
calculating diluted non-GAAP net income
(loss) attributable to shareholders per
ADS
|
135,366,778
|
|
135,763,962
|
|
135,171,562
|
|
135,652,738
|
LEJU HOLDINGS
LIMITED
|
SELECTED OPERATING
DATA
|
|
|
Three months
ended
|
|
Six months
ended
|
|
June
30,
|
|
June
30,
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
Operating data for
e-commerce services
|
|
|
|
|
|
|
|
Number of discount
coupons issued to
prospective purchasers (number of
transactions)
|
76,383
|
|
97,282
|
|
135,685
|
|
140,731
|
Number of discount
coupons redeemed (number
of transactions)
|
49,982
|
|
32,670
|
|
84,225
|
|
51,657
|
View original
content:http://www.prnewswire.com/news-releases/leju-reports-second-quarter-2017-results-300512145.html
SOURCE Leju Holdings Limited