UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2019

 


 

Commission File Number: 001-36396

 


 

LEJU HOLDINGS LIMITED

 

15/F Floor, Shoudong International Plaza, No. 5 Building, Guangqu Home

Dongcheng District, Beijing 100022

People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F    x          Form 40-F    o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

 

 


 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Leju Holdings Limited

 

 

 

 

 

 

 

 

 

By

:

/s/ Li-Lan Cheng

 

Name

:

Li-Lan Cheng

 

Title

:

Chief Financial Officer

 

 

 

 

 

 

 

 

Date: August 21, 2019

 

 

 

 

[Signature Page to 6-K]

 

2


 

Exhibit Index

 

Exhibit 99.1 — Press Release

 

3


Exhibit 99.1

 

Leju Reports Second Quarter and Half Year 2019 Results

 

BEIJING, August 19, 2019 — 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 fiscal quarter and half year ended June 30, 2019.

 

Second Quarter 2019 Financial Highlights

 

·                      Total revenues increased by 39% year-on-year to $170.0 million.

 

·                      Revenues from e-commerce services increased by 51% year-on-year to $132.4 million.

·                      Revenues from online advertising services increased by 8% year-on-year to $37.2 million.

 

·                      Income from operations was $12.0 million, an increase of 20% from $10.0 million for the same quarter of 2018.

 

·                      Non-GAAP1 income from operations was $15.7 million, an increase of 10% from $14.3 million for the same quarter of 2018.

 

·                      Net income attributable to Leju Holdings Limited shareholders was $9.4 million, or $0.07 per diluted American depositary share (“ADS”), compared to net loss attributable to Leju Holdings Limited shareholders of $0.9 million, or $0.01 loss per diluted ADS, for the same quarter of 2018.

 

·                      Non-GAAP net income attributable to Leju Holdings Limited shareholders was $12.3 million, or $0.09 per diluted ADS, an increase of 388% from $2.5 million, or $0.02 per diluted ADS, for the same quarter of 2018.

 

First Half 2019 Financial Highlights

 

·                      Total revenues increased by 37% year-on-year to $280.4 million.

 

·                      Revenues from e-commerce services increased by 48% year-on-year to $209.2 million.

·                      Revenues from online advertising services increased by 14% year-on-year to $70.3 million.

 

·                      Loss from operations was $7.1 million, a decrease of 67% from loss from operations of $21.5 million for the same period of 2018.

 

·                      Non-GAAP income from operations was $0.4 million, compared to non-GAAP loss from operations of $12.8 million for the same period of 2018.

 

·                      Net loss attributable to Leju Holdings Limited shareholders was $4.1 million, or $0.03 loss per diluted ADS, a decrease of 81% from net loss attributable to Leju Holdings Limited shareholders of $21.7 million, or $0.16 loss per diluted ADS for the same period of 2018.

 

·                      Non-GAAP net income attributable to Leju Holdings Limited shareholders was $1.8 million, or $0.01 per diluted ADS, compared to non-GAAP net loss attributable to Leju Holdings Limited shareholders of $14.7 million, or $0.11 loss per diluted ADS for the same period of 2018.

 


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 income tax impact on the share-based compensation expense, amortization of intangible assets resulting from business combinations. 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.

 


 

“We are pleased that Leju achieved solid growth in both revenue and profit in the second quarter,” said Mr. Geoffrey He, Leju’s chief executive officer. “Our e-commerce revenue was close to our all-time high this quarter benefiting from the implementation of our top-down strategy, and we have accumulated a strong project pipeline for the second half of 2019. Leju’s new media business also made great progress this quarter as our stronger content production systems and multi-channel networking operation model helped to improve our media influence and keep our competitive advantage in the market. In addition, we further optimized our operations and management, which helped us generate positive cash inflow from operations in the second quarter. Looking ahead, market uncertainty may increase. We will continue our efforts to improve operational efficiency and profitability while maintaining healthy top-line growth.”

 

Second Quarter 2019 Results

 

Total revenues were $170.0 million, an increase of 39% from $122.7 million for the same quarter of 2018, mainly due to an increase in revenues from e-commerce services and online advertising services.

 

Revenues from e-commerce services were $132.4 million, an increase of 51% from $87.6 million for the same quarter of 2018, primarily due to an increase in the number of discount coupons redeemed, partially offset by a decrease in the average price per discount coupon redeemed.

 

Revenues from online advertising services were $37.2 million, an increase of 8% from $34.4 million for the same quarter of 2018, primarily due to an increase in property developers’ demand for online advertising.

 

Revenues from listing services were $0.4 million, a decrease of 40% from $0.7 million for the same quarter of 2018, primarily due to a decrease in secondary real estate brokers’ demand.

 

Cost of revenues was $18.3 million, relatively flat compared to $18.4 million for the same quarter of 2018.

 

Selling, general and administrative expenses were $140.0 million, an increase of 48% from $94.7 million for the same quarter of 2018, primarily due to increased marketing expenses related to the Company’s e-commerce business.

 

Income from operations was $12.0 million, an increase of 20% from $10.0 million for the same quarter of 2018. Non-GAAP income from operations was $15.7 million, an increase of 10% from $14.3 million for the same quarter of 2018.

 

Net income was $9.6 million, compared to net loss of $1.0 million for the same quarter of 2018. Non-GAAP net income was $12.6 million, an increase of 420% from $2.4 million for the same quarter of 2018.

 

Net income attributable to Leju Holdings Limited shareholders was $9.4 million, or $0.07 per diluted ADS, compared to net loss attributable to Leju Holdings Limited shareholders of $0.9 million, or $0.01 loss per diluted ADS, for the same quarter of 2018. Non-GAAP net income attributable to Leju Holdings Limited shareholders was $12.3 million, or $0.09 per diluted ADS, an increase of 388% from $2.5 million, or $0.02 per diluted ADS, for the same quarter of 2018.

 

First Half 2019 Results

 

Total revenues were $280.4 million, an increase of 37% from $204.2 million for the same period of 2018, mainly due to an increase in revenues from e-commerce services and online advertising services.

 

Revenues from e-commerce services were $209.2 million, an increase of 48% from $141.0 million for the same period of 2018, primarily due to an increase in the number of discount coupons redeemed, partially offset by a decrease in the average price per discount coupon redeemed.

 


 

Revenues from online advertising services were $70.3 million, an increase of 14% from $61.5 million for the same period of 2018, primarily due to an increase in property developers’ demand for online advertising.

 

Revenues from listing services were $0.9 million, a decrease of 49% from $1.7 million for the same period of 2018, primarily due to a decrease in secondary real estate brokers’ demand.

 

Cost of revenues was $41.8 million, an increase of 13% from $37.1 million for the same period of 2018, primarily due to increased cost of advertising resources purchased from media platforms.

 

Selling, general and administrative expenses were $246.0 million, an increase of 30% from $189.9 million for the same period of 2018, primarily due to increased marketing expenses related to the Company’s e-commerce business.

 

Loss from operations was $7.1 million, a decrease of 67% from loss from operations of $21.5 million for the same period of 2018. Non-GAAP income from operations was $0.4 million, compared to non-GAAP loss from operations of $12.8 million for the same period of 2018.

 

Net loss was $3.9 million, a decrease of 82% from net loss of $22.3 million for the same period of 2018. Non-GAAP net income was $2.0 million, compared to non-GAAP net loss of $15.2 million for the same period of 2018.

 

Net loss attributable to Leju Holdings Limited shareholders was $4.1 million, or $0.03 loss per diluted ADS, a decrease of 81% from net loss attributable to Leju Holdings Limited shareholders of $21.7 million, or $0.16 loss per diluted ADS for the same period of 2018. Non-GAAP net income attributable to Leju Holdings Limited shareholders was $1.8 million, or $0.01 per diluted ADS, compared to non-GAAP net loss attributable to Leju Holdings Limited shareholders of $14.7 million, or $0.11 loss per diluted ADS for the same period of 2018.

 

Cash Flow

 

As of June 30, 2019, the Company’s cash and cash equivalents balance was $166.6 million.

 

Second quarter 2019 net cash provided by operating activities was $32.5 million, primarily comprised of non-GAAP net income of $12.6 million, a decrease in customer deposits of $7.1 million, an increase in accrued marketing and advertising expenses and other current liabilities of $9.7 million, an increase in amounts due to related parties of $5.9 million, an increase in advance from customer of $5.6 million, and an increase in income tax payable and other tax payable of 3.3 million, partially offset by an increase in accounts receivable and contract assets of $13.5 million.

 

Business Outlook

 

The Company estimates that its total revenues for the third quarter of 2019 will be approximately $170 million to $180 million, which would represent an increase of approximately 27% to 35% from $133.6 million in the same quarter in 2018. 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 19, 2019 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:

+1-845-675-0437

Hong Kong:

+852-3018-6771

Mainland China:

400-620-8038

 


 

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 August 27, 2019:

 

U.S./International:

+1-855-452-5696

Hong Kong:

800-963-117

Mainland China:

400-632-2162

Passcode:

4069729

 

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 status as a principal shareholder of 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 income tax impact on the share-based compensation expense and amortization of intangible assets resulting from business combinations. 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 and amortization of intangible assets resulting from business acquisitions, 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. Christina Wu

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 CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

 

 

 

December 31,

 

June 30,

 

 

 

2018

 

2019

 

ASSETS

 

 

 

 

 

Current assets

 

 

 

 

 

Cash and cash equivalents

 

147,263

 

166,613

 

Accounts receivable, net

 

102,697

 

122,804

 

Contract assets

 

2,137

 

1,303

 

Marketable securities

 

2,467

 

3,327

 

Prepaid expenses and other current assets

 

8,621

 

8,871

 

Customer deposits

 

10,672

 

2,195

 

Amounts due from related parties

 

6,695

 

7,573

 

Total current assets

 

280,552

 

312,686

 

Property and equipment, net

 

14,058

 

17,865

 

Intangible assets, net

 

57,401

 

51,177

 

Right-of-use assets2

 

 

33,795

 

Investment in affiliates

 

63

 

37

 

Deferred tax assets

 

62,356

 

62,252

 

Other non-current assets

 

2,297

 

1,390

 

Total assets

 

416,727

 

479,202

 

LIABILITIES AND EQUITY

 

 

 

 

 

Current liabilities

 

 

 

 

 

Accounts payable

 

803

 

2,062

 

Accrued payroll and welfare expenses

 

30,628

 

30,637

 

Income tax payable

 

58,030

 

56,230

 

Other tax payable

 

12,675

 

15,422

 

Amounts due to related parties

 

3,477

 

14,626

 

Advance from customers

 

26,873

 

34,899

 

Lease liabilities, current2

 

 

6,478

 

Accrued marketing and advertising expenses

 

14,896

 

18,149

 

Other current liabilities

 

12,999

 

20,030

 

Total current liabilities

 

160,381

 

198,533

 

Lease liabilities, non-current2

 

 

27,570

 

Deferred tax liabilities

 

14,780

 

14,755

 

Total liabilities

 

175,161

 

240,858

 

Shareholders’ Equity

 

 

 

 

 

Ordinary shares ($0.001 par value): 1,000,000,000 shares authorized, 135,763,962 and 135,763,962 shares issued and outstanding, as of December 31, 2018 and June 30, 2019, respectively

 

136

 

136

 

Additional paid-in capital

 

792,626

 

793,798

 

Accumulated deficit

 

(528,825

)

(532,964

)

Accumulated other comprehensive loss

 

(19,848

)

(20,319

)

Total Leju Holdings Limited shareholders’ equity

 

244,089

 

240,651

 

Non-controlling interests

 

(2,523

)

(2,307

)

Total equity

 

241,566

 

238,344

 

TOTAL LIABILITIES AND EQUITY

 

416,727

 

479,202

 

 


2   In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lessees to recognize a right-of-use asset and lease liability on their balance sheet for all leases with a term of more than 12 months. The Group adopted this ASU on January 1, 2019 using the modified retrospective approach and the financial statements for the comparative period has not been restated.

 


 

LEJU HOLDINGS LIMITED

UNAUDITED CONDENSED 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,

 

 

 

2018

 

2019

 

2018

 

2019

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

E-commerce

 

87,571

 

132,365

 

141,041

 

209,214

 

Online advertising services

 

34,361

 

37,153

 

61,491

 

70,332

 

Listing services

 

744

 

447

 

1,667

 

852

 

Total revenues

 

122,676

 

169,965

 

204,199

 

280,398

 

Cost of revenues

 

(18,405

)

(18,293

)

(37,080

)

(41,831

)

Selling, general and administrative expenses

 

(94,749

)

(140,040

)

(189,927

)

(246,017

)

Other operating income

 

478

 

346

 

1,308

 

368

 

Income (loss) from operations

 

10,000

 

11,978

 

(21,500

)

(7,082

)

Interest income

 

272

 

202

 

559

 

585

 

Other income (loss), net

 

(5,209

)

696

 

(2,372

)

1,293

 

Income (loss) before taxes and loss from equity in affiliates

 

5,063

 

12,876

 

(23,313

)

(5,204

)

Income tax benefits/(expenses)

 

(6,024

)

(3,232

)

1,093

 

1,307

 

Income (loss) before loss from equity in affiliates

 

(961

)

9,644

 

(22,220

)

(3,897

)

Loss from equity in affiliates

 

(32

)

(14

)

(51

)

(26

)

Net income (loss)

 

(993

)

9,630

 

(22,271

)

(3,923

)

Less: net income (loss) attributable to non-controlling interests

 

(109

)

278

 

(525

)

216

 

Income (loss) attributable to Leju Holdings Limited shareholders

 

(884

)

9,352

 

(21,746

)

(4,139

)

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per ADS:

 

 

 

 

 

 

 

 

 

Basic

 

(0.01

)

0.07

 

(0.16

)

(0.03

)

Diluted

 

(0.01

)

0.07

 

(0.16

)

(0.03

)

Shares used in computation of earnings (loss) per ADS:

 

 

 

 

 

 

 

 

 

Basic

 

135,763,962

 

135,763,962

 

135,763,962

 

135,763,962

 

Diluted

 

135,763,962

 

135,769,776

 

135,763,962

 

135,763,962

 

 

The conversion of functional currency Renminbi (“RMB”) amounts into reporting currency USD amounts is based on the rate of USD1 = RMB6.8747 on June 30, 2019 and USD1 = RMB6.8005 for the six months ended June 30, 2019.

 


 

LEJU HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

(In thousands of U.S. dollars)

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

June 30,

 

 

 

2018

 

2019

 

2018

 

2019

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

(993

)

9,630

 

(22,271

)

(3,923

)

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss, net of tax of nil

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

(2,982

)

(3,805

)

(773

)

(471

)

 

 

 

 

 

 

 

 

 

 

Comprehensive income (loss)

 

(3,975

)

5,825

)

(23,044

)

(4,394

)

 

 

 

 

 

 

 

 

 

 

Less: Comprehensive income (loss) attributable to non-controlling interest

 

38

 

311

 

(480

)

216

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income (loss) attributable to Leju Holdings Limited shareholders

 

(4,013

)

5,514

 

(22,564

)

(4,610

)

 


 

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,

 

 

 

2018

 

2019

 

2018

 

2019

 

 

 

 

 

 

 

 

 

 

 

GAAP income (loss) from operations

 

10,000

 

11,978

 

(21,500

)

(7,082

)

Share-based compensation expense

 

1,056

 

596

 

2,035

 

1,171

 

Amortization of intangible assets resulting from business acquisitions

 

3,205

 

3,153

 

6,655

 

6,306

 

Non-GAAP income (loss) from operations

 

14,261

 

15,727

 

(12,810

)

395

 

 

 

 

 

 

 

 

 

 

 

GAAP net income (loss)

 

(993

)

9,630

 

(22,271

)

(3,923

)

Share-based compensation expense

 

1,056

 

596

 

2,035

 

1,171

 

Amortization of intangible assets resulting from business acquisitions

 

3,205

 

3,153

 

6,655

 

6,306

 

Income tax benefit:

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

Deferred3

 

(847

)

(788

)

(1,664

)

(1,576

)

Non-GAAP net income (loss)

 

2,421

 

12,591

 

(15,245

)

1,978

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Leju Holdings Limited shareholder

 

(884

)

9,352

 

(21,746

)

(4,139

)

Share-based compensation expense (net of non-controlling interests)

 

1,048

 

596

 

2,019

 

1,171

 

Amortization of intangible assets resulting from business acquisitions (net of non-controlling interests)

 

3,205

 

3,153

 

6,655

 

6,306

 

Income tax benefit:

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

Deferred

 

(847

)

(788

)

(1,664

)

(1,576

)

Non-GAAP net income (loss) attributable to Leju Holdings Limited shareholders

 

2,522

 

12,313

 

(14,736

)

1,762

 

 

 

 

 

 

 

 

 

 

 

GAAP net income (loss) per ADS — basic

 

(0.01

)

0.07

 

(0.16

)

(0.03

)

 

 

 

 

 

 

 

 

 

 

GAAP net income (loss) per ADS — diluted

 

(0.01

)

0.07

 

(0.16

)

(0.03

)

 

 

 

 

 

 

 

 

 

 

Non-GAAP net income (loss) per ADS — basic

 

0.02

 

0.09

 

(0.11

)

0.01

 

 

 

 

 

 

 

 

 

 

 

Non-GAAP net income (loss) per ADS — diluted

 

0.02

 

0.09

 

(0.11

)

0.01

 

 

 

 

 

 

 

 

 

 

 

Shares used in calculating basic GAAP / non-GAAP net income (loss) attributable to shareholders per ADS

 

135,763,962

 

135,763,962

 

135,763,962

 

135,763,962

 

 

 

 

 

 

 

 

 

 

 

Shares used in calculating diluted GAAP net income (loss) attributable to shareholders per ADS

 

135,763,962

 

135,769,776

 

135,763,962

 

135,763,962

 

 

 

 

 

 

 

 

 

 

 

Shares used in calculating diluted non-GAAP net income (loss) attributable to shareholders per ADS

 

135,763,962

 

135,769,776

 

135,763,962

 

135,766,869

 

 


3   Amount represents the realization of deferred tax liabilities recognized for the temporary difference between the tax basis of intangible assets recognized from acquisitions and their reported amounts in the financial statements. The income tax impact on the share-based compensation expense is nil.

 


 

LEJU HOLDINGS LIMITED

SELECTED OPERATING DATA

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

June 30,

 

 

 

2018

 

2019

 

2018

 

2019

 

 

 

 

 

 

 

 

 

 

 

Operating data for e-commerce services

 

 

 

 

 

 

 

 

 

Number of discount coupons issued to prospective purchasers (number of transactions)

 

58,252

 

64,820

 

77,930

 

94,369

 

Number of discount coupons redeemed (number of transactions)

 

20,888

 

36,235

 

34,687

 

55,794