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 2017
Commission File Number: 001-36396
LEJU HOLDINGS LIMITED
15/F Floor, Shoudong International Plaza, No. 5 Building, Guangqu Home
Dongcheng District, Beijing 100022
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.
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Leju Holdings Limited | |||
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By |
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/s/ Li-Lan Cheng | |
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Name |
: |
Li-Lan Cheng | |
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Title |
: |
Chief Financial Officer | |
Date: November 29, 2017
[Signature Page to 6-K]
Exhibit 99.1
Leju Reports Third Quarter 2017 Results and Issues Notice of Annual General Meeting
BEIJING, November 28, 2017 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 third quarter ended September 30, 2017.
Third Quarter 2017 Financial Highlights
· Total revenues decreased by 48% year-on-year to $95.2 million.
· Revenues from e-commerce services decreased by 57% year-on-year to $61.8 million.
· Revenues from online advertising services decreased by 11% year-on-year to $30.0 million.
· Revenues from listing services decreased by 42% year-on-year to $3.4 million.
· Loss from operations was $29.3 million. Non-GAAP1 loss from operations was $24.9 million.
· Net loss attributable to Leju shareholders was $23.1 million, or $0.17 loss per diluted American depositary share (ADS). Non-GAAP net loss attributable to Leju shareholders was $19.2 million, or $0.14 loss per diluted ADS.
First Nine Months 2017 Financial Highlights
· Total revenues decreased by 44% year-on-year to $256.2 million.
· Revenues from e-commerce services decreased by 53% year-on-year to $163.6 million.
· Revenues from online advertising services decreased by 10% year-on-year to $80.5 million.
· Revenues from listing services decreased by 28% year-on-year to $12.0 million.
· Loss from operations was $158.6 million, including goodwill impairment charge of $41.2 million. Non-GAAP loss from operations was $104.1 million.
· Net loss attributable to Leju shareholders was $138.6 million, including goodwill impairment charge of $41.2 million, or $1.02 loss per diluted American depositary share (ADS). Non-GAAP net loss attributable to Leju shareholders was $85.7 million, or $0.63 loss per diluted ADS.
In the third quarter, market conditions didnt show significant improvement in major cities where we operate, said Mr. Geoffrey He, Lejus Chief Executive Officer. Despite reduced demand for marketing activities from developers, we were encouraged to see a sequential increase in our online advertising revenue as our big-data based suite of targeted advertising products gained popularity among our developer clients.
During this quarter, we continued to invest in product innovation, content optimization and expanded partnerships to enhance our media influence. We also improved and integrated our platforms to provide more streamlined services for our clients. Meanwhile, in the home furnishing market, we made further progress on our contractor platform, laying a solid foundation for future growth. Looking into the fourth quarter, we will continue our efforts to streamline Lejus cost structure to better adapt to the unfavorable market conditions, which may persist in the near term.
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.
Third Quarter 2017 Results
Total revenues were $95.2 million, a decrease of 48% from $183.3 million for the same quarter of 2016 as a result of restrictions placed by local governments.
Revenues from e-commerce services were $61.8 million, a decrease of 57% from $143.8 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 $30.0 million, a decrease of 11% from $33.6 million for the same quarter of 2016, primarily due to a decrease in property developers online advertising demand.
Revenues from listing services were $3.4 million, a decrease of 42% from $5.9 million for the same quarter of 2016, primarily due to a decrease in secondary home sales.
Cost of revenues was $21.1 million, an increase of 39% from $15.2 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 $103.5 million, a decrease of 27% from $142.8 million for the same quarter of 2016, primarily due to decreased marketing expenses related to the Companys e-commerce business, decreased commission expenses in line with the decrease of revenues and decreased salary and bonus as a result of headcount change.
Loss from operations was $29.3 million, compared to income from operations of $26.8 million for the same quarter of 2016. Non-GAAP loss from operations was $24.9 million, compared to non-GAAP income from operations of $33.6 million for the same quarter of 2016.
Net loss was $23.4 million, compared to net income of $17.2 million for the same quarter of 2016. Non-GAAP net loss was $19.5 million, compared to non-GAAP net income of $23.2 million for the same quarter of 2016.
Net loss attributable to Leju shareholders was $23.1 million, or $0.17 loss per diluted ADS, compared to net income attributable to Leju shareholders of $17.1 million, or $0.13 per diluted ADS, for the same quarter of 2016. Non-GAAP net loss attributable to Leju shareholders was $19.2 million, or $0.14 loss per diluted ADS, compared to non-GAAP net income attributable to Leju shareholders of $23.1 million, or $0.17 per diluted ADS, for the same quarter of 2016.
First Nine Months 2017 Results
Total revenues were $256.2 million, a decrease of 44% from $454.6 million for the same period of 2016 as a result of restrictions placed by local governments.
Revenues from e-commerce services were $163.6 million, a decrease of 53% from $348.2 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 $80.5 million, a decrease of 10% from $89.8 million for the same period of 2016, primarily due to a decrease in property developers online advertising demand.
Revenues from listing services were $12.0 million, a decrease of 28% from $16.7 million for the same period of 2016, primarily due to a decrease in secondary home sales.
Cost of revenues was $54.4 million, an increase of 25% from $43.5 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 $322.0 million, a decrease of 18% from $390.4 million for the same period of 2016, primarily due to decreased marketing expenses related to the Companys 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 Companys 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 $158.6 million, compared to income from operations of $23.0 million for the same period of 2016. Non-GAAP loss from operations was $104.1 million, compared to non-GAAP income from operations of $42.7 million for the same period of 2016.
Net loss was $139.6 million, compared to net income of $14.8 million for the same period of 2016. Non-GAAP net loss was $86.7 million, compared to non-GAAP net income of $32.1 million for the same period of 2016.
Net loss attributable to Leju shareholders was $138.6 million, or $1.02 loss per diluted ADS, compared to net income attributable to Leju shareholders of $15.7 million, or $0.12 per diluted ADS, for the same period of 2016. Non-GAAP net loss attributable to Leju shareholders was $85.7 million, or $0.63 loss per diluted ADS, compared to non-GAAP net income attributable to Leju shareholders of $33.0 million, or $0.24 per diluted ADS, for the same period of 2016.
Cash Flow
As of September 30, 2017, the Companys cash and cash equivalents balance was $209.0 million.
Third quarter 2017 net cash provided by operating activities was $18.2 million, mainly attributable to an increase in other current liabilities of 30.5 million, and an increase in advances from customers and deferred revenue of $8.6 million, partially offset by non-GAAP net loss of $19.5 million. Net cash used in investing activities was $6.0 million, mainly due to the payment of $5.9 million for the acquisition of a live broadcasting APP and all of its related software copyrights, trademarks and personnel.
Business Outlook
The Company estimates that its total revenues for the fourth quarter of 2017 will be approximately $90 million to $100 million, which would represent a decrease of approximately 5% to 14% from $104.9 million in the same quarter in 2016. This forecast reflects the Companys current and preliminary view, which is subject to change.
Leju to Hold Annual General Meeting on December 22, 2017
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 22, 2017 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 December 1, 2017 (Eastern Standard 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 28, 2017 at 7 a.m. U.S. Eastern Time (8 p.m. Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
U.S./International: |
+1-323-794-2093 |
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 December 5, 2017:
U.S./International: |
+1-888-203-1112 |
Hong Kong: |
+ 800-901-108 |
Mainland China: |
+ 400-120-1651 |
Passcode: 9793448 |
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. Lejus 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 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 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-Houses 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 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 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 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. 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, |
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September 30, |
|
|
|
2016 |
|
2017 |
|
ASSETS |
|
|
|
|
|
Current assets |
|
|
|
|
|
Cash and cash equivalents |
|
274,338 |
|
208,957 |
|
Accounts receivable, net |
|
71,390 |
|
77,689 |
|
Marketable securities |
|
2,181 |
|
2,384 |
|
Prepaid expenses and other current assets |
|
12,756 |
|
8,862 |
|
Customer deposits |
|
39,702 |
|
32,528 |
|
Amounts due from related parties |
|
6,019 |
|
2,812 |
|
Total current assets |
|
406,386 |
|
333,232 |
|
Property and equipment, net |
|
7,923 |
|
12,373 |
|
Intangible assets, net |
|
78,374 |
|
74,054 |
|
Investment in affiliates |
|
409 |
|
236 |
|
Goodwill |
|
39,018 |
|
|
|
Deferred tax assets |
|
41,698 |
|
43,584 |
|
Other non-current assets |
|
2,059 |
|
2,292 |
|
Total assets |
|
575,867 |
|
465,771 |
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Accounts payable |
|
1,574 |
|
683 |
|
Accrued payroll and welfare expenses |
|
41,728 |
|
35,130 |
|
Income tax payable |
|
66,148 |
|
40,340 |
|
Other tax payable |
|
16,678 |
|
12,227 |
|
Amounts due to related parties |
|
1,581 |
|
5,342 |
|
Advance from customers and deferred revenue |
|
5,058 |
|
15,165 |
|
Accrued marketing and advertising expenses |
|
9,355 |
|
21,143 |
|
Other current liabilities |
|
8,516 |
|
38,889 |
|
Total current liabilities |
|
150,638 |
|
168,919 |
|
Deferred tax liabilities |
|
18,869 |
|
21,080 |
|
Total liabilities |
|
169,507 |
|
189,999 |
|
|
|
|
|
|
|
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 September 30, 2017, respectively |
|
136 |
|
136 |
|
Additional paid-in capital |
|
785,019 |
|
788,416 |
|
Accumulated deficit |
|
(354,365 |
) |
(493,012 |
) |
Accumulated other comprehensive income |
|
(22,321 |
) |
(16,622 |
) |
Total Leju equity |
|
408,469 |
|
278,918 |
|
Non-controlling interests |
|
(2,109 |
) |
(3,146 |
) |
Total equity |
|
406,360 |
|
275,772 |
|
TOTAL LIABILITIES AND EQUITY |
|
575,867 |
|
465,771 |
|
LEJU HOLDINGS LIMITED
UNAUDITED 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, |
| ||||
|
|
2016 |
|
2017 |
|
2016 |
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
E-commerce |
|
143,845 |
|
61,809 |
|
348,152 |
|
163,619 |
|
Online advertising services |
|
33,555 |
|
29,963 |
|
89,769 |
|
80,516 |
|
Listing services |
|
5,902 |
|
3,395 |
|
16,692 |
|
12,029 |
|
Total revenues |
|
183,302 |
|
95,167 |
|
454,613 |
|
256,164 |
|
Cost of revenues |
|
(15,229 |
) |
(21,144 |
) |
(43,465 |
) |
(54,437 |
) |
Selling, general and administrative expenses |
|
(142,769 |
) |
(103,531 |
) |
(390,379 |
) |
(321,983 |
) |
Goodwill impairment charge |
|
|
|
|
|
|
|
(41,223 |
) |
Other operating income |
|
1,464 |
|
159 |
|
2,274 |
|
2,901 |
|
Income (loss) from operations |
|
26,768 |
|
(29,349 |
) |
23,043 |
|
(158,578 |
) |
Investment income (loss) |
|
1 |
|
|
|
(189 |
) |
|
|
Interest income |
|
373 |
|
411 |
|
925 |
|
988 |
|
Other income (expenses), net |
|
62 |
|
(316 |
) |
563 |
|
(623 |
) |
Income (loss) before taxes and equity in affiliates |
|
27,204 |
|
(29,254 |
) |
24,342 |
|
(158,213 |
) |
Income tax benefits (expenses) |
|
(9,923 |
) |
5,893 |
|
(9,342 |
) |
18,818 |
|
Income (loss) before equity in affiliates |
|
17,281 |
|
(23,361 |
) |
15,000 |
|
(139,395 |
) |
Loss from equity in affiliates |
|
(80 |
) |
(56 |
) |
(216 |
) |
(188 |
) |
Net income (loss) |
|
17,201 |
|
(23,417 |
) |
14,784 |
|
(139,583 |
) |
Less: net income (loss) attributable to non-controlling interests |
|
102 |
|
(294 |
) |
(879 |
) |
(984 |
) |
Net income (loss) attributable to Leju shareholders |
|
17,099 |
|
(23,123 |
) |
15,663 |
|
(138,599 |
) |
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share: |
|
|
|
|
|
|
|
|
|
Basic |
|
0.13 |
|
(0.17 |
) |
0.12 |
|
(1.02 |
) |
Diluted |
|
0.13 |
|
(0.17 |
) |
0.12 |
|
(1.02 |
) |
Shares used in computation: |
|
|
|
|
|
|
|
|
|
Basic |
|
135,278,105 |
|
135,763,962 |
|
135,171,280 |
|
135,689,813 |
|
Diluted |
|
135,430,377 |
|
135,763,962 |
|
135,279,590 |
|
135,689,813 |
|
Note 1 |
The conversion of Renminbi (RMB) amounts into USD amounts is based on the rate of USD1 = RMB6.6369 on September 30, 2017 and USD1 = RMB6.7836 for the nine months ended September 30, 2017 |
LEJU HOLDINGS LIMITED
UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(In thousands of U.S. dollars)
|
|
Three months ended |
|
Nine months ended |
| ||||
|
|
September 30, |
|
September 30, |
| ||||
|
|
2016 |
|
2017 |
|
2016 |
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
17,201 |
|
(23,417 |
) |
14,784 |
|
(139,583 |
) |
Other comprehensive income (loss), net of tax of nil |
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment |
|
(1,742 |
) |
1,353 |
|
(5,527 |
) |
5,621 |
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) |
|
15,459 |
|
(22,064 |
) |
9,257 |
|
(133,962 |
) |
|
|
|
|
|
|
|
|
|
|
Less: Comprehensive income (loss) attributable to non-controlling interest |
|
105 |
|
(333 |
) |
(875 |
) |
(1,062 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to Leju shareholders |
|
15,354 |
|
(21,731 |
) |
10,132 |
|
(132,900 |
) |
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, |
| ||||
|
|
2016 |
|
2017 |
|
2016 |
|
2017 |
|
|
|
(unaudited) |
|
(unaudited) |
|
(unaudited) |
|
(unaudited) |
|
|
|
|
|
|
|
|
|
|
|
GAAP income (loss) from operations |
|
26,768 |
|
(29,349 |
) |
23,043 |
|
(158,578 |
) |
Share-based compensation expense |
|
3,700 |
|
976 |
|
10,427 |
|
3,374 |
|
Amortization of intangible assets resulting from business acquisitions |
|
3,083 |
|
3,485 |
|
9,250 |
|
9,848 |
|
Goodwill impairment |
|
|
|
|
|
|
|
41,223 |
|
Non-GAAP income (loss) from operations |
|
33,551 |
|
(24,888 |
) |
42,720 |
|
(104,133 |
) |
|
|
|
|
|
|
|
|
|
|
GAAP net income (loss) |
|
17,201 |
|
(23,417 |
) |
14,784 |
|
(139,583 |
) |
Share-based compensation expense (net of tax) |
|
3,700 |
|
976 |
|
10,427 |
|
3,374 |
|
Amortization of intangible assets resulting from business acquisitions (net of tax) |
|
2,312 |
|
2,911 |
|
6,937 |
|
8,278 |
|
Goodwill impairment (net of tax) |
|
|
|
|
|
|
|
41,223 |
|
Non-GAAP net income (loss) |
|
23,213 |
|
(19,530 |
) |
32,148 |
|
(86,708 |
) |
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Leju Shareholder |
|
17,099 |
|
(23,123 |
) |
15,663 |
|
(138,599 |
) |
Share-based compensation expense (net of tax and non-controlling interests) |
|
3,691 |
|
967 |
|
10,402 |
|
3,349 |
|
Amortization of intangible assets resulting from business acquisitions (net of tax and non-controlling interests) |
|
2,312 |
|
2,911 |
|
6,937 |
|
8,278 |
|
Goodwill impairment (net of tax and non-controlling interests) |
|
|
|
|
|
|
|
41,223 |
|
Non-GAAP net income (loss) attributable to Leju shareholders |
|
23,102 |
|
(19,245 |
) |
33,002 |
|
(85,749 |
) |
|
|
|
|
|
|
|
|
|
|
GAAP net income (loss) per ADS basic/diluted |
|
0.13 |
|
(0.17 |
) |
0.12 |
|
(1.02 |
) |
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income (loss) per ADS basic/diluted |
|
0.17 |
|
(0.14 |
) |
0.24 |
|
(0.63 |
) |
|
|
|
|
|
|
|
|
|
|
Shares used in calculating basic GAAP/non-GAAP net income (loss) attributable to shareholders per ADS |
|
135,278,105 |
|
135,763,962 |
|
135,171,280 |
|
135,689,813 |
|
|
|
|
|
|
|
|
|
|
|
Shares used in calculating diluted GAAP/non-GAAP net income (loss) attributable to shareholders per ADS |
|
135,430,377 |
|
135,763,962 |
|
135,279,590 |
|
135,689,813 |
|
LEJU HOLDINGS LIMITED
SELECTED OPERATING DATA
|
|
Three months ended |
|
Nine months ended |
| ||||
|
|
September 30, |
|
September 30, |
| ||||
|
|
2016 |
|
2017 |
|
2016 |
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
Operating data for e-commerce services |
|
|
|
|
|
|
|
|
|
Number of discount coupons issued to prospective purchasers (number of transactions) |
|
132,142 |
|
58,168 |
|
267,827 |
|
198,899 |
|
Number of discount coupons redeemed (number of transactions) |
|
53,602 |
|
30,717 |
|
137,827 |
|
82,374 |
|
Exhibit 99.2
LEJU HOLDINGS LIMITED
(Incorporated in the Cayman Islands with limited liability)
(NYSE Ticker: LEJU)
Notice of Annual General Meeting
to be held on December 22, 2017
(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 22, 2017 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 December 1, 2017 (Eastern Standard 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 Annie Huang, Leju Holdings Limited, 15/F Floor, Shoudong International Plaza, No.5 Building, Gungqu Home, Dongcheng District, Beijing 100022, 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 28, 2017