以 下是 贝壳 F Y25 Q1 的财报电话会纪要，财报点评请见《只要熬过楼市的 "过山车"，龙一贝壳就没毛病》 一、财报核心信息回顾 | BEKE (KE.US) earnings wrap | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2Q23 | Rmb mn | 1Q23 | | 3023 | 4Q23 | 1024 | 2024 | 3Q24 | 4Q24 | 1025 | 1Q25E | var | | 20,204 | Total revenue | 20,278 | 19,484 | 17,811 | | 16,377 | 23,370 | 22,585 | 31,125 | 23,328 | 22,487 | 3.7% | | 21% | yoy | 62% | 41% | 1% | | -19% | 20% | 27% | 54% | 42% | 37% | | | 6,050 | Existing home | 9,18 ...