Fangdd Network Announces 1H EPS of RMB 9.67, Down from RMB 46.28 Last Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2025
0mins
Financial Performance
- Revenue Growth: FangDD reported a revenue of RMB 203.4 million for the first half of 2025, a significant increase from RMB 140 million in the same period last year.
- Market Context: Despite a challenging real estate market, the company has seen growth in gross merchandise volume (GMV) and revenue, indicating a positive trend.
Market Analysis
- Real Estate Trends: According to the National Bureau of Statistics of China, the sales area of new properties decreased by 3.5% year-over-year, while sales revenue fell by 5.5%. However, these declines are less severe compared to the previous year, suggesting the market may be stabilizing.
- Policy Impact: Continuous policy support is believed to be contributing to the stabilization of the real estate market, which is crucial for recovery.
Strategic Initiatives
- Core Project Development: FangDD is focusing on strengthening its core projects and enhancing collaboration with reputable developers and business partners to drive growth.
- Innovation and Cost Optimization: The company is actively exploring new business areas and is committed to optimizing costs and upgrading its business structure to achieve balanced growth in both scale and profit.
Future Outlook
- Expectations for Recovery: Looking ahead to the second half of 2025, FangDD anticipates that ongoing policy support and improved financial conditions will further aid in the recovery of the real estate industry.
- Commitment to Quality Development: The company aims to promote higher-quality development while maintaining a balance between growth and profitability.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy DUO?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on DUO
About DUO
Fangdd Network Group Ltd is a holding company primarily engaged in the provision of real estate transaction digitalization services. The Company operates a real estate-focused online marketplace for real estate transactions and related services. The products and services primarily include Property Cloud, a software as a service (SaaS) solution for real estate sellers, marketplace services, Duoduo Sales, Duoduo Cloud Sales, online and offline training and guidance to agents, Fangduoduo application (APP) for real estate buyers. The Company primarily conducts its businesses in the domestic.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FangDD Unveils $34.32 Million Convertible Note Offering for Asset Acquisition and Plans for Class C Ordinary Share Issuance
Convertible Note Agreement: Fangdd Network Group Ltd. has entered into a convertible note purchase agreement to issue a promissory note worth $34.32 million to an investor, aimed at fulfilling payment obligations under a prior asset purchase agreement.
Note Details: The note will mature in 364 days without interest and can be converted into Class A ordinary shares at a price of $1.0409, with automatic conversion on the maturity date if not previously converted.
Share Subscription Agreement: To maintain corporate structure post-conversion, Fangdd has a share subscription agreement with ZX INTERNATIONAL LTD, allowing the sale of up to 12,731 Class C ordinary shares if the note holder exercises conversion.
Regulatory Compliance: The issuance of the note and shares is exempt from registration under the Securities Act, complying with relevant regulations for private offerings.
Continue Reading
Fangdd Network Announces First Half Results
Financial Performance Overview
- Net Loss per Share: For the first half of 2025, Fangdd Network reported a basic and diluted net loss per share of RMB12.7 (US$1.8) and RMB9.7 (US$1.4) respectively.
- Revenue Growth: The company's revenue surged by 45.3%, reaching RMB203.4 million (US$28.4 million) compared to RMB140.0 million in the same period of 2024.
Profitability Analysis
- Net Loss: Fangdd Network experienced a net loss of RMB39.2 million (US$5.5 million) for the first half of 2025, a significant decline from a net income of RMB16.4 million in the same period of 2024.
- Non-GAAP Net Loss: The non-GAAP net loss for the same period was also RMB39.2 million (US$5.5 million), contrasting with a non-GAAP net income of RMB16.4 million in the first half of 2024.
Continue Reading