0001104659-17-070808.txt : 20171129 0001104659-17-070808.hdr.sgml : 20171129 20171129060105 ACCESSION NUMBER: 0001104659-17-070808 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20171130 FILED AS OF DATE: 20171129 DATE AS OF CHANGE: 20171129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Leju Holdings Ltd CENTRAL INDEX KEY: 0001596856 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36396 FILM NUMBER: 171226702 BUSINESS ADDRESS: STREET 1: 15/F FLOOR, SHOUDONG INTERNATIONAL PLAZA STREET 2: NO. 5 BUILDING, GUNGQU HOME CITY: DONGCHENG DISTRICT, BEIJING STATE: F4 ZIP: 100022 BUSINESS PHONE: 8610 58951000 MAIL ADDRESS: STREET 1: 15/F FLOOR, SHOUDONG INTERNATIONAL PLAZA STREET 2: NO. 5 BUILDING, GUNGQU HOME CITY: DONGCHENG DISTRICT, BEIJING STATE: F4 ZIP: 100022 6-K 1 a17-27628_16k.htm 6-K

 

 

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

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:      November 29, 2017

 

[Signature Page to 6-K]

 

2



 

Exhibit Index

 

Exhibit 99.1 – Press Release

Exhibit 99.2 – Notice of Annual General Meeting

 

3


EX-99.1 2 a17-27628_1ex99d1.htm EX-99.1

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 didn’t show significant improvement in major cities where we operate,” said Mr. Geoffrey He, Leju’s 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 Leju’s 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.

 

1



 

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 Company’s 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.

 

2



 

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 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 $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 Company’s 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 Company’s 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 People’s 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 Company’s ADSs to discuss Company affairs with management.

 

Holders of record of the Company’s 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 Company’s ADSs are welcome to attend the AGM in person.

 

The notice of the annual general meeting is available on the Company’s website at http://ir.leju.com.

 

3



 

Conference Call Information

 

Leju’s 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. 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.

 

4



 

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

 

5



 

LEJU HOLDINGS LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

 

 

 

December 31,

 

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

 

 

6



 

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

 

7



 

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

)

 

8



 

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

 

 

9



 

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

 

 

10


EX-99.2 3 a17-27628_1ex99d2.htm EX-99.2

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 People’s 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 Company’s 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 Company’s 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 Company’s ADSs are welcome to attend the AGM in person.

 

Shareholders and ADS holders may obtain a copy of the Company’s annual report on Form 20-F, free of charge, from the Company’s 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 People’s 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

 


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