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 March 2018

 


 

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:  March  19, 2018

 

[Signature Page to 6-K]

 

2



 

Exhibit Index

 

Exhibit 99.1 — Press Release

 

3


Exhibit 99.1

 

Leju Reports Fourth Quarter and Full Year 2017 Results

 

BEIJING, March 19, 2018 — 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 full year ended December 31, 2017.

 

Fourth Quarter 2017 Financial Highlights

 

·                      Total revenues increased by 1% year-on-year to $106.4 million.

·                      Revenues from e-commerce services was $71.2 million, a slight increase from $70.9 million for the same quarter of 2016.

·                      Revenues from online advertising services increased by 16% year-on-year to $32.7 million.

·                      Revenues from listing services decreased by 58% year-on-year to $2.4 million.

 

·                      Loss from operations was $25.4 million, a 34% decrease from $38.2 million for the same quarter of 2016. Non-GAAP1 loss from operations was $21.7 million, a 35% decrease from $33.7 million for the same quarter of 2016.

 

·                      Net loss attributable to Leju shareholders was $22.3 million, or $0.16 per diluted American depositary share (“ADS”), a decrease of 12% from $25.5 million, or $0.19 per diluted ADS, for the same quarter of 2016. Non-GAAP net loss attributable to Leju shareholders was $19.2 million, or $0.14 per diluted ADS, a decrease of 16% from $22.9 million, or $0.17 per diluted ADS, for the same quarter of 2016.

 

Full Year 2017 Financial Highlights

 

·                      Total revenues decreased by 35% year-on-year to $362.5 million.

·                      Revenues from e-commerce services decreased by 44% year-on-year to $234.8 million.

·                      Revenues from online advertising services decreased by 4% year-on-year to $113.2 million.

·                      Revenues from listing services decreased by 36% year-on-year to $14.5 million.

 

·                      Loss from operations was $183.9 million, including goodwill impairment charge of $41.2 million, compared to $15.2 million for 2016. Non-GAAP loss from operations was $125.9 million, compared to non-GAAP income from operations of $9.0 million for 2016.

 

·                      Net loss attributable to Leju shareholders was $160.9 million, including goodwill impairment charge of $41.2 million, or $1.19 per diluted American depositary share (“ADS”), compared to $9.8 million, or $0.07 per diluted ADS for 2016. Non-GAAP net loss attributable to Leju shareholders was $105.0 million, or $0.77 per diluted ADS, compared to non-GAAP net income attributable to Leju shareholders of $10.1 million, or $0.07 per diluted ADS for 2016.

 

“In the fourth quarter, the overall operating environment did not improve under the continued tightening policies imposed by the government,” said Mr. Geoffrey He, Leju’s Chief Executive Officer. “Throughout 2017, a series of real estate regulatory measures such as price ceilings and restrictive policies on home purchases and mortgages were carried out in major cities where we operate. Marketing demand from developers was significantly reduced, and our e-commerce business, which is based on discount coupons, was severely and negatively impacted. Our online advertising sector, however, benefited from the development of our targeted advertising products and achieved a stable performance.”

 


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



 

“Looking forward to 2018, we believe that the restrictive measures will persist. Against this backdrop, we have formulated our new strategy of “New Media, New Ecosystem, and New E-commerce”, aiming to further enhance our media influence and content productivity, and provide accurate and targeted advertising services by leveraging our big data capability. Meanwhile, we have extended our existing e-commerce model by offering coupon services related to a developer’s brand rather than a single project, thus expanding the scope of our e-commerce services. In addition, we will continue streamlining our cost structure to improve our bottom line.”

 

Fourth Quarter 2017 Results

 

Total revenues were $106.4 million, an increase of 1% from $104.9 million for the same quarter of 2016.

 

Revenues from e-commerce services were $71.2 million, a slight increase from $70.9 million for the same quarter of 2016.

 

Revenues from online advertising services were $32.7 million, an increase of 16% from $28.2 million for the same quarter of 2016, primarily due to an increase in property developers’ demand for online advertising.

 

Revenues from listing services were $2.4 million, a decrease of 58% from $5.8 million for the same quarter of 2016, primarily due to a decrease in secondary real estate brokers’ demand.

 

Cost of revenues was $19.6 million, an increase of 40% from $14.0 million for the same quarter of 2016, primarily due to increased cost of advertising resources purchased, partially offset by decreased staffing cost as a result of headcount change.

 

Selling, general and administrative expenses were $112.3 million, a decrease of 15% from $131.4 million for the same quarter of 2016, primarily due to decreased marketing expenses related to the Company’s e-commerce business, and decreased salary as a result of headcount change.

 

Loss from operations was $25.4 million, compared to $38.2 million for the same quarter of 2016. Non-GAAP loss from operations was $21.7 million, compared to $33.7 million for the same quarter of 2016.

 

Net loss was $22.5 million, compared to 26.4 million for the same quarter of 2016. Non-GAAP net loss was $19.4 million, compared to $23.8 million for the same quarter of 2016.

 

Net loss attributable to Leju shareholders was $22.3 million, or $0.16 per diluted ADS, compared to $25.5 million, or $0.19 per diluted ADS, for the same quarter of 2016. Non-GAAP net loss attributable to Leju shareholders was $19.2 million, or $0.14 per diluted ADS, compared to $22.9 million, or $0.17 per diluted ADS, for the same quarter of 2016.

 

Full Year 2017 Results

 

Total revenues were $362.5 million, a decrease of 35% from $559.5 million for 2016 as a result of restrictions implemented by local governments.

 

Revenues from e-commerce services were $234.8 million, a decrease of 44% from $419.0 million for 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 $113.2 million, a decrease of 4% from $118.0 million for 2016, primarily due to a decrease in property developers’ demand for online advertising.

 

2



 

Revenues from listing services were $14.5 million, a decrease of 36% from $22.5 million for 2016, primarily due to a decrease in secondary real estate brokers’ demand.

 

Cost of revenues was $74.1 million, an increase of 29% from $57.5 million for 2016, primarily due to increased cost of advertising resources purchased, partially offset by decreased staffing cost as a result of headcount change.

 

Selling, general and administrative expenses were $434.3 million, a decrease of 17% from $521.8 million for 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 as a result of headcount change.

 

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 $183.9 million, compared to $15.2 million for 2016. Non-GAAP loss from operations was $125.9 million, compared to non-GAAP income from operations of $9.0 million for 2016.

 

Net loss was $162.0 million, compared to 11.6 million for 2016. Non-GAAP net loss was $106.1 million, compared to non-GAAP net income of $8.4 million for 2016.

 

Net loss attributable to Leju shareholders was $160.9 million, or $1.19 per diluted ADS, compared to $9.8 million, or $0.07 per diluted ADS for 2016. Non-GAAP net loss attributable to Leju shareholders was $105.0 million, or $0.77 per diluted ADS, compared to non-GAAP net income attributable to Leju shareholders of $10.1 million, or $0.07 per diluted ADS for 2016.

 

Cash Flow

 

As of December 31, 2017, the Company’s cash and cash equivalents balance was $151.0 million.

 

Fourth quarter 2017 net cash used in operating activities was $57.6 million, mainly attributable to non-GAAP net loss of $19.4 million, an increase of $7.4 million in accounts receivable, a decrease in other current liabilities of $24.9 million, and a decrease in advance from customers and deferred revenue of $4.7 million.

 

Business Outlook

 

The Company estimates that its total revenues for the first quarter of 2018 will be approximately $75 million to $77 million, which would represent an increase of approximately 10% to 13% from $68.3 million for the same quarter in 2017. This forecast reflects the Company’s current and preliminary view, which is subject to change.

 

Management Changes

 

The Company also announced that Ms. Qiong Zuo has been appointed as Chief Operating Officer of the Company while Mr. Keyi Chen, former Chief Operating Officer of the Company, has been appointed as Leju’s Chief Strategy Officer. Before joining Leju, Ms. Zuo was chief executive officer of the Innovation and Research Center of E-House (China) Holdings Limited,  Leju’s major shareholder. Prior to that, she was a vice president of human resources of Rastar Group (A share symbol: 300043), a leading culture and entertainment company in China, and deputy general manager of southern China branch in SINA.com, a leading Internet portal in China.

 

“Ms. Zuo brings us rich experiences in online technology, operations and cost control,” said Mr. Geoffrey He. “We are pleased that she has agreed to take on these responsibilities at Leju and I expect to work closely with her to further optimize our operations and management across all business lines.”

 

3



 

Conference Call Information

 

Leju’s management will host an earnings conference call on March 19, 2018 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 March 27, 2018:

 

U.S./International:

+1-855-452-5696

Hong Kong:

+ 800-963-117

Mainland China:

+ 400-632-2162

Passcode:          4688545

 

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. 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

 

5



 

LEJU HOLDINGS LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

 

 

 

December 31,

 

December 31,

 

 

 

2016

 

2017

 

ASSETS

 

 

 

 

 

Current assets

 

 

 

 

 

Cash and cash equivalents

 

274,338

 

150,968

 

Restricted cash

 

 

337

 

Accounts receivable, net

 

71,390

 

80,606

 

Marketable securities

 

2,181

 

3,077

 

Prepaid expenses and other current assets

 

12,756

 

9,945

 

Customer deposits

 

39,702

 

35,823

 

Amounts due from related parties

 

6,019

 

4,077

 

Total current assets

 

406,386

 

284,833

 

Property and equipment, net

 

7,923

 

14,240

 

Intangible assets, net

 

78,374

 

70,631

 

Investment in affiliates

 

409

 

146

 

Goodwill

 

39,018

 

 

Deferred tax assets

 

41,698

 

67,084

 

Other non-current assets

 

2,059

 

2,010

 

Total assets

 

575,867

 

438,944

 

 

 

 

 

 

 

LIABILITIES AND EQUITY

 

 

 

 

 

Current liabilities

 

 

 

 

 

Accounts payable

 

1,574

 

2,950

 

Accrued payroll and welfare expenses

 

41,728

 

37,082

 

Income tax payable

 

66,148

 

63,380

 

Other tax payable

 

16,678

 

11,654

 

Amounts due to related parties

 

1,581

 

3,093

 

Advance from customers and deferred revenue

 

5,058

 

10,565

 

Accrued marketing and advertising expenses

 

9,355

 

18,852

 

Other current liabilities

 

8,516

 

16,315

 

Total current liabilities

 

150,638

 

163,891

 

Deferred tax liabilities

 

18,869

 

18,016

 

Total liabilities

 

169,507

 

181,907

 

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 December 31, 2017, respectively

 

136

 

136

 

Additional paid-in capital

 

785,019

 

788,589

 

Accumulated deficit

 

(354,365

)

(515,344

)

Accumulated other comprehensive income

 

(22,321

)

(13,078

)

Total Leju equity

 

408,469

 

260,303

 

Non-controlling interests

 

(2,109

)

(3,266

)

Total equity

 

406,360

 

257,037

 

TOTAL LIABILITIES AND EQUITY

 

575,867

 

438,944

 

 

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

 

Year ended

 

 

 

December 31,

 

December 31,

 

 

 

2016

 

2017

 

2016

 

2017

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

E-commerce

 

70,872

 

71,217

 

419,024

 

234,836

 

Online advertising services

 

28,180

 

32,719

 

117,949

 

113,235

 

Listing services

 

5,846

 

2,432

 

22,538

 

14,461

 

Total revenues

 

104,898

 

106,368

 

559,511

 

362,532

 

Cost of revenues

 

(14,027

)

(19,617

)

(57,492

)

(74,054

)

Selling, general and administrative expenses

 

(131,418

)

(112,293

)

(521,797

)

(434,276

)

Goodwill impairment charge

 

 

 

 

(41,223

)

Other operating income

 

2,313

 

171

 

4,587

 

3,072

 

Loss from operations

 

(38,234

)

(25,371

)

(15,191

)

(183,949

)

Investment income (loss)

 

3

 

 

(186

)

 

Interest income

 

388

 

326

 

1,313

 

1,314

 

Other income, net

 

57

 

1,103

 

620

 

480

 

Loss before taxes and equity in affiliates

 

(37,786

)

(23,942

)

(13,444

)

(182,155

)

Income tax benefits

 

11,410

 

1,510

 

2,068

 

20,328

 

Loss before equity in affiliates

 

(26,376

)

(22,432

)

(11,376

)

(161,827

)

Loss from equity in affiliates

 

(9

)

(28

)

(225

)

(216

)

Net loss

 

(26,385

)

(22,460

)

(11,601

)

(162,043

)

Less: net loss attributable to non-controlling interests

 

(933

)

(158

)

(1,812

)

(1,142

)

Net loss attributable to Leju shareholders

 

(25,452

)

(22,302

)

(9,789

)

(160,901

)

 

 

 

 

 

 

 

 

 

 

Loss per share:

 

 

 

 

 

 

 

 

 

Basic

 

(0.19

)

(0.16

)

(0.07

)

(1.19

)

Diluted

 

(0.19

)

(0.16

)

(0.07

)

(1.19

)

Shares used in computation:

 

 

 

 

 

 

 

 

 

Basic

 

135,367,001

 

135,763,962

 

135,220,210

 

135,708,350

 

Diluted

 

135,367,001

 

135,763,962

 

135,220,210

 

135,708,350

 

 

Note 1

The conversion of Renminbi (“RMB”) amounts into USD amounts is based on the rate of USD1 = RMB6.5342 on December 31, 2017 and USD1 = RMB6.7296 for the year ended December 31, 2017

 

7



 

LEJU HOLDINGS LIMITED

UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(In thousands of U.S. dollars)

 

 

 

Three months ended

 

Year ended

 

 

 

December 31,

 

December 31,

 

 

 

2016

 

2017

 

2016

 

2017

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

(26,385

)

(22,460

)

(11,601

)

(162,043

)

Other comprehensive income (loss), net of tax of nil

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

(11,234

)

3,516

 

(16,761

)

9,137

 

Comprehensive loss

 

(37,619

)

(18,944

)

(28,362

)

(152,906

)

 

 

 

 

 

 

 

 

 

 

Less: Comprehensive loss attributable to non-controlling interest

 

(896

)

(187

)

(1,771

)

(1,249

)

Comprehensive loss attributable to Leju shareholders

 

(36,723

)

(18,757

)

(26,591

)

(151,657

)

 

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

 

Year ended

 

 

 

December 31,

 

December 31,

 

 

 

2016

 

2017

 

2016

 

2017

 

 

 

 

 

 

 

 

 

 

 

GAAP loss from operations

 

(38,234

)

(25,371

)

(15,191

)

(183,949

)

Share-based compensation expense

 

1,483

 

151

 

11,910

 

3,525

 

Amortization of intangible assets resulting from business acquisitions

 

3,079

 

3,485

 

12,329

 

13,333

 

Goodwill impairment

 

 

 

 

41,223

 

Non-GAAP income (loss) from operations

 

(33,672

)

(21,735

)

9,048

 

(125,868

)

 

 

 

 

 

 

 

 

 

 

GAAP net loss

 

(26,385

)

(22,460

)

(11,601

)

(162,043

)

Share-based compensation expense (net of tax)

 

1,483

 

151

 

11,910

 

3,525

 

Amortization of intangible assets resulting from business acquisitions (net of tax)

 

1,120

 

2,911

 

8,057

 

11,189

 

Goodwill impairment (net of tax)

 

 

 

 

41,223

 

Non-GAAP net income (loss)

 

(23,782

)

(19,398

)

8,366

 

(106,106

)

 

 

 

 

 

 

 

 

 

 

Net loss attributable to Leju Shareholder

 

(25,452

)

(22,302

)

(9,789

)

(160,901

)

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

 

1,475

 

142

 

11,877

 

3,491

 

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

 

1,120

 

2,911

 

8,057

 

11,189

 

Goodwill impairment (net of tax and non-controlling interests)

 

 

 

 

41,223

 

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

 

(22,857

)

(19,249

)

10,145

 

(104,998

)

 

 

 

 

 

 

 

 

 

 

GAAP net loss per ADS — basic/diluted

 

(0.19

)

(0.16

)

(0.07

)

(1.19

)

 

 

 

 

 

 

 

 

 

 

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

 

(0.17

)

(0.14

)

0.08

 

(0.77

)

 

 

 

 

 

 

 

 

 

 

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

 

(0.17

)

(0.14

)

0.07

 

(0.77

)

 

 

 

 

 

 

 

 

 

 

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

 

135,367,001

 

135,763,962

 

135,220,210

 

135,708,350

 

 

 

 

 

 

 

 

 

 

 

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

 

135,367,001

 

135,763,962

 

135,220,210

 

135,708,350

 

 

 

 

 

 

 

 

 

 

 

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

 

135,367,001

 

135,763,962

 

135,349,212

 

135,708,350

 

 

9



 

LEJU HOLDINGS LIMITED

SELECTED OPERATING DATA

 

 

 

Three months ended

 

Year ended

 

 

 

December 31,

 

December 31,

 

 

 

2016

 

2017

 

2016

 

2017

 

 

 

 

 

 

 

 

 

 

 

Operating data for e-commerce services

 

 

 

 

 

 

 

 

 

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

 

59,047

 

47,419

 

326,874

 

246,318

 

Number of discount coupons redeemed (number of transactions)

 

37,678

 

31,046

 

175,505

 

113,420

 

 

10