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 November 2020
Commission File Number: 001-36396
LEJU HOLDINGS LIMITED
Level G, Building G, No.8 Dongfeng South Road,
Chaoyang District, Beijing 100016
The Peoples 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 |
: |
Acting Chief Financial Officer |
Date: November 24, 2020
[Signature Page to 6-K]
Leju Reports Third Quarter 2020 Results and Issues Notice of Annual General Meeting
BEIJING, November 23, 2020 Leju Holdings Limited (Leju or the Company) (NYSE: LEJU), a leading e-commerce and online media platform for real estate and home furnishing industries in China, today announced its unaudited financial results for the fiscal quarter and nine months ended September 30, 2020.
Third Quarter 2020 Financial Highlights
· Total revenues increased by 13% year-on-year to $209.4 million.
· Revenues from e-commerce services increased by 12% year-on-year to $172.4 million.
· Revenues from online advertising services increased by 17% year-on-year to $36.7 million.
· Net income attributable to Leju Holdings Limited shareholders was $11.7 million, or $0.08 per diluted American depositary share (ADS), an increase of 5% from $11.2 million, or $0.08 per diluted ADS, for the same quarter of 2019
· Non-GAAP1 net income attributable to Leju Holdings Limited shareholders was $14.7 million, or $0.11 per diluted ADS, an increase of 4% from $14.1 million, or $0.10 per diluted ADS, for the same quarter of 2019.
First Nine Months 2020 Financial Highlights
· Total revenues increased by 5% year-on-year to $489.1 million.
· Revenues from e-commerce services increased by 4% year-on-year to $377.8 million.
· Revenues from online advertising services increased by 9% year-on-year to $110.7 million.
· Income from operations was $14.0 million, an increase of 61% from $8.7 million for the same period of 2019.
· Non-GAAP income from operations was $24.8 million, an increase of 25% from $19.9 million for the same period of 2019.
· Net income attributable to Leju Holdings Limited shareholders was $13.2 million, or $0.10 per diluted ADS, an increase of 88% from $7.0 million, or $0.05 per diluted ADS for the same period of 2019.
· Non-GAAP net income attributable to Leju Holdings Limited shareholders was $21.9 million, or $0.16 per diluted ADS, an increase of 38% from $15.9 million, or $0.12 per diluted ADS for the same period of 2019.
We maintained strong momentum for our business development in the third quarter as we realized healthy growth in our advertising and e-commerce business, said Mr. Geoffrey He, Lejus chief executive officer. During the third quarter we successfully held our Suning & Leju 818 Summer Storm sale. In September, our affiliate company E-House and Alibaba jointly launched the Tmall Housing platform and the real estate transaction cooperation mechanism or ETC. As part of this, Leju, together with Tmall Housing, Suning e-buy and E-House, jointly launched the Double 11 - Tmall Housing 10 Billion Subsidy promotion during the Double 11 period. These activities have received strong industry recognition, especially the Double 11 promotion, which involved 302 brands and over 2,000 real estate projects. The success of these activities further highlights Lejus multi-channel digital marketing capabilities, takes the development of our advertising and e-commerce business to the next level and further solidifies Lejus position in the real-estate marketing industry as the leader in providing comprehensive solutions throughout the value chain.
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.
In the fourth quarter, Leju will hold a series of influential annual events marking Double 12. We look forward to building on the momentum of Double 11, further enhancing our influence in the industry, increasing product innovation, and significantly improving the client coverage and service level as we end the year on a strong note and begin to prepare for 2021.
Third Quarter 2020 Results
Total revenues were $209.4 million, an increase of 13% from $185.4 million for the same quarter of 2019, mainly due to an increase in revenues from e-commerce services and online advertising services.
Revenues from e-commerce services were $172.4 million, an increase of 12% from $153.4 million for the same quarter of 2019, primarily due to an increase in the number of discount coupons redeemed.
Revenues from online advertising services were $36.7 million, an increase of 17% from $31.5 million for the same quarter of 2019, primarily due to an increase in property developers demand for online advertising
Revenues from listing services were $0.3 million, a decrease of 45% from $0.5 million for the same quarter of 2019, primarily due to a decrease in secondary real estate brokers demand.
Cost of revenues was $14.8 million, an increase of 12% from $13.2 million for the same quarter of 2019, primarily due to increased cost of advertising resources purchased from media platforms related to the Companys online advertising business.
Selling, general and administrative expenses were $181.8 million, an increase of 16% from $157.0 million for the same quarter of 2019, primarily due to increased marketing expenses related to the Companys e-commerce business.
Income from operations was $12.9 million, a decrease of 18% from $15.8 million for the same quarter of 2019. Non-GAAP income from operations was $16.6 million, a decrease of 15% from $19.5 million for the same quarter of 2019.
Net income was $11.9 million, an increase of 5% from $11.3 million for the same quarter of 2019. Non-GAAP net income was $14.9 million, an increase of 4% from $14.2 million for the same quarter of 2019.
Net income attributable to Leju Holdings Limited shareholders was $11.7 million, or $0.08 per diluted ADS, an increase of 5% from $11.2 million, or $0.08 per diluted ADS, for the same quarter of 2019. Non-GAAP net income attributable to Leju Holdings Limited shareholders was $14.7 million, or $0.11 per diluted ADS, an increase of 4% from $14.1 million, or $0.10 per diluted ADS, for the same quarter of 2019.
First Nine Months 2020 Results
Total revenues were $489.1 million, an increase of 5% from $465.8 million for the same period of 2019, mainly due to an increase in revenues from e-commerce services and online advertising services.
Revenues from e-commerce services were $377.8 million, an increase of 4% from $362.6 million for the same period of 2019, 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 $110.7 million, an increase of 9% from $101.8 million for the same period of 2019, primarily due to an increase in property developers demand for online advertising.
Revenues from listing services were $0.6 million, a decrease of 54% from $1.4 million for the same period of 2019, primarily due to a decrease in secondary real estate brokers demand.
Cost of revenues was $56.0 million, an increase of 2% from $55.1 million for the same period of 2019, primarily due to increased cost of advertising resources purchased from media platforms related to the Companys online advertising business.
Selling, general and administrative expenses were $419.5 million, an increase of 4% from $403.0 million for the same period of 2019, primarily due to increased marketing expenses related to the Companys e-commerce business.
Income from operations was $14.0 million, an increase of 61% from $8.7 million for the same period of 2019. Non-GAAP income from operations was $24.8 million, an increase of 25% from $19.9 million for the same period of 2019.
Net income was $13.8 million, an increase of 87% from $7.4 million for the same period of 2019. Non-GAAP net income was $22.5 million, an increase of 38% from $16.2 million for the same period of 2019.
Net income attributable to Leju Holdings Limited shareholders was $13.2 million, or $0.10 per diluted ADS, an increase of 88% from $7.0 million, or $0.05 per diluted ADS for the same period of 2019. Non-GAAP net income attributable to Leju Holdings Limited shareholders was $21.9 million, or $0.16 per diluted ADS, an increase of 38% from $15.9 million, or $0.12 per diluted ADS for the same period of 2019.
Cash Flow
As of September 30, 2020, the Companys cash and cash equivalents and restricted cash were $273.8 million.
Third quarter 2020 net cash used in operating activities was $4.4 million, primarily comprised of a decrease in amounts due to related parties of $30.7 million, an increase in amounts due from related parties of $16.3 million and an increase in accounts receivable of $15.3 million, partially offset by non-GAAP net income of $14.9 million, an increase in other current liabilities and accrued expenses of $23.1 million, an increase in income tax payable and other tax payable of $7.7 million, and a decrease in customer deposits of $12.0 million.
Business Outlook
The Company estimates that its total revenues for the fourth quarter of 2020 will be approximately $230 million to $250 million, which would represent an increase of approximately 1% to 10% from $226.8 million in the same quarter in 2019. This forecast reflects the Companys current and preliminary view, which is subject to change.
Leju to Hold Annual General Meeting on December 21, 2020
Leju announced that it will hold its annual general meeting of shareholders (the AGM) at Room 1120, 11/F, Yinli Building, No. 383 Guangyan Road, Shanghai, the Peoples Republic of China on December 21, 2020 at 10:00AM (local time). No proposal will be submitted to shareholders for approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and holders of the Companys ADSs to discuss Company affairs with management.
Holders of record of the Companys ordinary shares at the close of business on November 30, 2020 (Eastern Daylight Time) are entitled to receive notice of and attend the annual general meeting or any adjournment or postponement thereof. Holders of the Companys ADSs are welcome to attend the AGM in person.
The notice of the annual general meeting is available on the Companys website at http://ir.leju.com.
Conference Call Information
Lejus management will host an earnings conference call on November 23, 2020 at 6 a.m. U.S. Eastern Time (7 p.m. Beijing/Hong Kong time).
Please register in advance of the conference using the link provided below and dial in 10 minutes prior to the call, using participant dial-in numbers, Direct Event passcode and unique registrant ID which would be provided upon registering. You will be automatically linked to the live call after completion of this process, unless required to provide the conference ID below due to regional restrictions.
PRE-REGISTER LINK: http://apac.directeventreg.com/registration/event/4452418
CONFERENCE ID: 4452418
A replay of the conference call may be accessed by phone at the following number until December 1, 2020:
U.S./International: |
+1-855-452-5696 |
Hong Kong: |
+800-963-117 |
Mainland China: |
400-632-2162 |
Passcode: |
4452418 |
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 e-commerce and online media platform for real estate and home furnishing industries in China, offering real estate e-commerce, online advertising and online listing services. Lejus integrated online platform comprises various mobile applications along with local websites covering more than 380 cities, enhanced by complementary offline services to facilitate residential property transactions. In addition to the Companys 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 Lejus 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 Chinas real estate market; the highly regulated nature of, and government measures affecting, the real estate and internet industries in China; Lejus 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 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; 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 Companys 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 Lejus 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 Lejus operating performance. These non-GAAP financial measures also facilitate managements internal comparisons to Lejus 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 Lejus 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, |
|
September 30, |
|
|
|
2019 |
|
2020 |
|
ASSETS |
|
|
|
|
|
Current assets |
|
|
|
|
|
Cash and cash equivalents |
|
159,012 |
|
270,840 |
|
Restricted cash |
|
|
|
2,993 |
|
Accounts receivable, net |
|
147,638 |
|
202,824 |
|
Contract assets |
|
830 |
|
604 |
|
Marketable securities |
|
3,438 |
|
4,406 |
|
Prepaid expenses and other current assets |
|
5,436 |
|
6,285 |
|
Customer deposits |
|
57,174 |
|
11,107 |
|
Amounts due from related parties |
|
9,673 |
|
17,653 |
|
Total current assets |
|
383,201 |
|
516,712 |
|
Property and equipment, net |
|
18,108 |
|
16,813 |
|
Intangible assets, net |
|
45,581 |
|
36,926 |
|
Right-of-use assets |
|
26,776 |
|
25,651 |
|
Investment in affiliates |
|
53 |
|
22 |
|
Deferred tax assets |
|
49,311 |
|
50,513 |
|
Other non-current assets |
|
1,450 |
|
1,339 |
|
Total assets |
|
524,480 |
|
647,976 |
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Accounts payable |
|
1,523 |
|
4,141 |
|
Accrued payroll and welfare expenses |
|
32,787 |
|
29,766 |
|
Income tax payable |
|
56,691 |
|
62,473 |
|
Other tax payable |
|
20,056 |
|
23,068 |
|
Amounts due to related parties |
|
4,407 |
|
23,401 |
|
Advance from customers |
|
34,246 |
|
104,512 |
|
Lease liabilities, current |
|
5,189 |
|
5,390 |
|
Accrued marketing and advertising expenses |
|
49,830 |
|
61,486 |
|
Other current liabilities |
|
32,784 |
|
25,778 |
|
Total current liabilities |
|
237,513 |
|
340,015 |
|
Lease liabilities, non-current |
|
22,866 |
|
21,659 |
|
Deferred tax liabilities |
|
11,742 |
|
12,028 |
|
Total liabilities |
|
272,121 |
|
373,702 |
|
Shareholders Equity |
|
|
|
|
|
Ordinary shares ($0.001 par value): 1,000,000,000 shares authorized, 135,812,719 and 136,290,356 shares issued and outstanding, as of December 31, 2019 and September 30, 2020, respectively |
|
136 |
|
136 |
|
Additional paid-in capital |
|
796,192 |
|
798,791 |
|
Accumulated deficit |
|
(517,303 |
) |
(504,119 |
) |
Subscription receivables |
|
|
|
(19 |
) |
Accumulated other comprehensive loss |
|
(23,624 |
) |
(18,276 |
) |
Total Leju Holdings Limited shareholders equity |
|
255,401 |
|
276,513 |
|
Non-controlling interests |
|
(3,042 |
) |
(2,239 |
) |
Total equity |
|
252,359 |
|
274,274 |
|
TOTAL LIABILITIES AND EQUITY |
|
524,480 |
|
647,976 |
|
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 |
|
Nine months ended |
| ||||
|
|
September 30, |
|
September 30, |
| ||||
|
|
2019 |
|
2020 |
|
2019 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
E-commerce |
|
153,428 |
|
172,385 |
|
362,642 |
|
377,833 |
|
Online advertising |
|
31,466 |
|
36,729 |
|
101,798 |
|
110,658 |
|
Listing |
|
505 |
|
279 |
|
1,357 |
|
618 |
|
Total net revenues |
|
185,399 |
|
209,393 |
|
465,797 |
|
489,109 |
|
Cost of revenues |
|
(13,237 |
) |
(14,832 |
) |
(55,068 |
) |
(55,970 |
) |
Selling, general and administrative expenses |
|
(156,977 |
) |
(181,781 |
) |
(402,994 |
) |
(419,451 |
) |
Other operating income, net |
|
590 |
|
87 |
|
958 |
|
332 |
|
Income from operations |
|
15,775 |
|
12,867 |
|
8,693 |
|
14,020 |
|
|
|
|
|
|
|
|
|
|
|
Interest income (expenses), net |
|
(543 |
) |
1,851 |
|
42 |
|
2,550 |
|
Other income (loss), net |
|
(191 |
) |
907 |
|
1,102 |
|
1,620 |
|
Income before taxes and income (loss) from equity in affiliates |
|
15,041 |
|
15,625 |
|
9,837 |
|
18,190 |
|
Income tax expenses |
|
(3,776 |
) |
(3,763 |
) |
(2,469 |
) |
(4,381 |
) |
Income before income (loss) from equity in affiliates |
|
11,265 |
|
11,862 |
|
7,368 |
|
13,809 |
|
Income (loss) from equity in affiliates, net of tax of nil |
|
15 |
|
(9 |
) |
(11 |
) |
(31 |
) |
Net income |
|
11,280 |
|
11,853 |
|
7,357 |
|
13,778 |
|
Less: net income attributable to non-controlling interests |
|
121 |
|
161 |
|
337 |
|
594 |
|
Net income attributable to Leju Holdings Limited shareholders |
|
11,159 |
|
11,692 |
|
7,020 |
|
13,184 |
|
|
|
|
|
|
|
|
|
|
|
Earnings per share: |
|
|
|
|
|
|
|
|
|
Basic |
|
0.08 |
|
0.09 |
|
0.05 |
|
0.10 |
|
Diluted |
|
0.08 |
|
0.08 |
|
0.05 |
|
0.10 |
|
Shares used in computation of earnings per ADS: |
|
|
|
|
|
|
|
|
|
Basic |
|
135,765,158 |
|
136,191,411 |
|
135,764,361 |
|
135,991,548 |
|
Diluted |
|
135,769,998 |
|
138,366,523 |
|
135,767,912 |
|
136,815,220 |
|
The conversion of functional currency Renminbi (RMB) amounts into reporting currency USD amounts is based on the rate of USD1 = RMB6.8101 on September 30, 2020 and USD1 = RMB7.0177 for the nine months ended September 30, 2020.
LEJU HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
(In thousands of U.S. dollars)
|
|
Three months ended |
|
Nine months ended |
| ||||
|
|
September 30, |
|
September 30, |
| ||||
|
|
2019 |
|
2020 |
|
2019 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
11,280 |
|
11,853 |
|
7,357 |
|
13,778 |
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss), net of tax of nil |
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustments |
|
(5,310 |
) |
8,601 |
|
(5,781 |
) |
5,322 |
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
5,970 |
|
20,454 |
|
1,576 |
|
19,100 |
|
|
|
|
|
|
|
|
|
|
|
Less: Comprehensive income attributable to non-controlling interests |
|
161 |
|
104 |
|
377 |
|
568 |
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Leju Holdings Limited shareholders |
|
5,809 |
|
20,350 |
|
1,199 |
|
18,532 |
|
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 |
|
Nine months ended |
| ||||
|
|
September 30, |
|
September 30, |
| ||||
|
|
2019 |
|
2020 |
|
2019 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
|
GAAP income from operations |
|
15,775 |
|
12,867 |
|
8,693 |
|
14,020 |
|
Share-based compensation expense |
|
599 |
|
1,046 |
|
1,770 |
|
2,282 |
|
Amortization of intangible assets resulting from business acquisitions |
|
3,153 |
|
2,640 |
|
9,459 |
|
8,541 |
|
Non-GAAP income from operations |
|
19,527 |
|
16,553 |
|
19,922 |
|
24,843 |
|
|
|
|
|
|
|
|
|
|
|
GAAP net income |
|
11,280 |
|
11,853 |
|
7,357 |
|
13,778 |
|
Share-based compensation expense |
|
599 |
|
1,046 |
|
1,770 |
|
2,282 |
|
Amortization of intangible assets resulting from business acquisitions |
|
3,153 |
|
2,640 |
|
9,459 |
|
8,541 |
|
Income tax benefits: |
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
Deferred2 |
|
(788 |
) |
(660 |
) |
(2,364 |
) |
(2,136 |
) |
Non-GAAP net income |
|
14,244 |
|
14,879 |
|
16,222 |
|
22,465 |
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Leju Holdings Limited shareholder |
|
11,159 |
|
11,692 |
|
7,020 |
|
13,184 |
|
Share-based compensation expense (net of non-controlling interests) |
|
599 |
|
1,046 |
|
1,770 |
|
2,282 |
|
Amortization of intangible assets resulting from business acquisitions (net of non-controlling interests) |
|
3,153 |
|
2,640 |
|
9,459 |
|
8,541 |
|
Income tax benefits: |
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
Deferred |
|
(788 |
) |
(660 |
) |
(2,364 |
) |
(2,136 |
) |
Non-GAAP net income attributable to Leju Holdings Limited shareholders |
|
14,123 |
|
14,718 |
|
15,885 |
|
21,871 |
|
|
|
|
|
|
|
|
|
|
|
GAAP net income per ADS basic |
|
0.08 |
|
0.09 |
|
0.05 |
|
0.10 |
|
|
|
|
|
|
|
|
|
|
|
GAAP net income per ADS diluted |
|
0.08 |
|
0.08 |
|
0.05 |
|
0.10 |
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income per ADS basic |
|
0.10 |
|
0.11 |
|
0.12 |
|
0.16 |
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income per ADS diluted |
|
0.10 |
|
0.11 |
|
0.12 |
|
0.16 |
|
|
|
|
|
|
|
|
|
|
|
Shares used in calculating basic GAAP / non-GAAP net income attributable to shareholders per ADS |
|
135,765,158 |
|
136,191,411 |
|
135,764,361 |
|
135,991,548 |
|
|
|
|
|
|
|
|
|
|
|
Shares used in calculating diluted GAAP / non-GAAP net income attributable to shareholders per ADS |
|
135,769,998 |
|
138,366,523 |
|
135,767,912 |
|
136,815,220 |
|
2 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 |
|
Nine months ended |
| ||||
|
|
September 30, |
|
September 30, |
| ||||
|
|
2019 |
|
2020 |
|
2019 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
|
Operating data for e-commerce services |
|
|
|
|
|
|
|
|
|
Number of discount coupons issued to prospective purchasers (number of transactions) |
|
73,259 |
|
66,415 |
|
167,628 |
|
160,630 |
|
Number of discount coupons redeemed (number of transactions) |
|
51,400 |
|
57,934 |
|
107,194 |
|
125,202 |
|
LEJU HOLDINGS LIMITED
(Incorporated in the Cayman Islands with limited liability)
(NYSE Ticker: LEJU)
Notice of Annual General Meeting
to be held on December 21, 2020
(or any adjourned or postponed meeting thereof)
NOTICE IS HEREBY GIVEN that an annual general meeting (the AGM) of Leju Holdings Limited (the Company) will be held at Room 1120, 11/F, Yinli Building, No. 383 Guangyan Road, Shanghai, the Peoples Republic of China on December 21, 2020 at 10:00AM (local time). No proposal will be submitted to shareholders for approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and holders of the Companys American depositary shares (ADSs) to discuss Company affairs with management.
The Board of Directors of the Company has fixed the close of business on November 30, 2020 (Eastern Daylight Time) as the record date (the Record Date) for determining the shareholders entitled to receive notice of the AGM or any adjournment or postponement thereof.
Holders of record of the Companys ordinary shares, par value US$0.001 per share (the Ordinary Shares), at the close of business on the Record Date are entitled to attend the AGM and any adjournment or postponement thereof in person. Holders of the Companys ADSs are welcome to attend the AGM in person.
Shareholders and ADS holders may obtain a copy of the Companys annual report on Form 20-F, free of charge, from the Companys website at http://ir.leju.com, or by writing to Christina Wu, Leju Holdings Limited, Level G, Building G, No.8 Dongfeng South Road, Chaoyang District, Beijing 100016, the Peoples Republic of China, or by email to ir@leju.com.
|
By Order of the Board of Directors, |
|
Leju Holdings Limited |
|
|
|
|
|
/s/ Xin Zhou |
|
Xin Zhou |
|
Executive Chairman |
Beijing, November 23, 2020