Earnings ·
Fangdd Network Group Ltd. reported unaudited financial results for the first half of 2026, ending June 30, 2026
DUOFangdd Network Group Ltd.
Fangdd Network Group Ltd. reported unaudited financial results for the first half of 2026, ending June 30, 2026. Revenue decreased 43.1% to RMB115.7 million (US$17.1 million) from RMB203.4 million in the prior year period. The company reported a net loss of RMB34.5 million (US$5.1 million), compared to a net loss of RMB39.2 million for the same period in 2025. Total closed-loop gross merchandise value facilitated on its platform declined by 30.8% to RMB5.5 billion from RMB8.0 billion, driven by a fundamental shift in China's real estate market dynamics and the company's decision to cease cooperation with high credit risk developers. Gross margin improved to 13.2% from 9.1%, primarily due to higher-margin value-added services. As of June 30, 2026, the company held RMB107.2 million in cash and short-term investments. Fangdd Network Group Ltd. operates in the property technology industry, providing real estate transaction digitalization services in China.