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.

Fangdd Network Group Ltd. received a Nasdaq deficiency notification on July 22, 2026, because its Class A ordinary shares closed below $1.00 for 30 consecutive business days between June 8 and July 21, 2026. The company has a 180-day compliance period ending January 19, 2027, to regain compliance by achieving a minimum $1.00 closing bid price for ten consecutive business days. Fangdd Network Group Ltd. is a property technology company in China that provides real estate transaction digitalization services.