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Fangdd Network Group Ltd. logo

Fangdd Network Group Ltd.

DUO

NASDAQReal EstateReal Estate - Services

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Previous close

$0.6895

+$0.0069 · +1.01%

Aug 21, 4:00 PM ET

DUO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

38

Expensive

Momentum

20

Strong Down

Sentiment

54

Mixed

Risk resilience

9

Extreme Risk

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Company profile

Company website

Fangdd Network Group Ltd., a holding company based in Shenzhen, China, specializes in delivering real estate data and services through its diverse digital platforms. The firm offers "Property Cloud," a Software-as-a-Service (SaaS) solution designed for real estate vendors. For real estate professionals, it provides several dedicated platforms: "Duoduo Sales" enables agents to conduct marketplace transactions on mobile devices; "Duoduo Cloud Agency" assists agencies in digitalizing their operations; and "Duoduo Cloud Sales" links agents to extensive property and buyer databases to facilitate online sourcing and deal completion. Beyond these, the company also supplies supply-chain financing, transaction assistance, and training programs. For individual property seekers, "Fangduoduo" delivers tailored services, including information matching, agency support, and financial offerings. Additionally, its website, www.fangdd.com, serves as a hub for region-specific real estate news, property data, and community forums for both agents and buyers, alongside data analytics. By the close of 2021, its extensive marketplace encompassed approximately 378,000 active agents and an inventory of 157 million properties across China. Founded in 2011, Fangdd continues to be a prominent player in the Chinese real estate technology sector.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
CN
CEO
Xi Zeng
Listed since
Nov 1, 2019
Employees
144

Market position

Day range

Current $0.6895

52-week range

Current $0.6895

Open
$0.6401
Previous close
$0.6826
Volume
40.81K
0.21× average
Average volume
194.53K
Average daily volume
Market cap
5.49M USD
Beta
3.19
Market reference 1
50-day average
$0.6692
+3.04% above average
200-day average
$1.23
-43.94% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
34.88M CNY
P/E (TTM)
-0.27×
P/B (TTM)
0.08×
P/S (TTM)
0.1×
EV / EBITDA
-0.32×
Earnings yield
-123.45%
Free cash flow yield
-121.84%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
17.92%
Operating margin
-37.57%
Net margin
-23.87%
Return on equity
-14.24%
Return on assets
-10.45%
Return on invested capital
-18.09%

Financial health

Debt / equity
0×
Current ratio
1.86×
Altman Z-score
-8.08
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%-25%-82%-139%Gross margin, FY2021: 11.30%Gross margin, FY2022: 10.06%Gross margin, FY2023: 14.46%Gross margin, FY2024: 18.21%Gross margin, FY2025: 17.92%Operating margin, FY2021: -101.58%Operating margin, FY2022: -101.40%Operating margin, FY2023: -93.06%Operating margin, FY2024: -37.06%Operating margin, FY2025: -37.57%Net margin, FY2021: -124.28%Net margin, FY2022: -99.22%Net margin, FY2023: -32.20%Net margin, FY2024: 9.09%Net margin, FY2025: -23.87%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.30%. Gross margin FY2022 10.06%. Gross margin FY2023 14.46%. Gross margin FY2024 18.21%. Gross margin FY2025 17.92%. Operating margin FY2021 -101.58%. Operating margin FY2022 -101.40%. Operating margin FY2023 -93.06%. Operating margin FY2024 -37.06%. Operating margin FY2025 -37.57%. Net margin FY2021 -124.28%. Net margin FY2022 -99.22%. Net margin FY2023 -32.20%. Net margin FY2024 9.09%. Net margin FY2025 -23.87%.

Income trends

Revenue

345.16M CNY+1.78%

Operating income

−129.67M CNY-3.19%

Net income

−82.4M CNY−113.24M CNY
Income trends across reported periods1.15B CNY308.32M CNY−537.1M CNY−1.38B CNYRevenue, FY2021: 942.38M CNYRevenue, FY2022: 245.95M CNYRevenue, FY2023: 284.96M CNYRevenue, FY2024: 339.1M CNYRevenue, FY2025: 345.16M CNYOperating income, FY2021: −957.3M CNYOperating income, FY2022: −249.39M CNYOperating income, FY2023: −265.17M CNYOperating income, FY2024: −125.66M CNYOperating income, FY2025: −129.67M CNYNet income, FY2021: −1.17B CNYNet income, FY2022: −244.04M CNYNet income, FY2023: −91.75M CNYNet income, FY2024: 30.83M CNYNet income, FY2025: −82.4M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 942.38M CNY. Revenue FY2022 245.95M CNY. Revenue FY2023 284.96M CNY. Revenue FY2024 339.1M CNY. Revenue FY2025 345.16M CNY. Operating income FY2021 −957.3M CNY. Operating income FY2022 −249.39M CNY. Operating income FY2023 −265.17M CNY. Operating income FY2024 −125.66M CNY. Operating income FY2025 −129.67M CNY. Net income FY2021 −1.17B CNY. Net income FY2022 −244.04M CNY. Net income FY2023 −91.75M CNY. Net income FY2024 30.83M CNY. Net income FY2025 −82.4M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue345.16M CNY339.1M CNY284.96M CNY245.95M CNY942.38M CNY
Cost of goods sold283.3M CNY277.36M CNY243.76M CNY221.21M CNY835.87M CNY
Gross profit61.86M CNY61.75M CNY41.19M CNY24.74M CNY106.51M CNY
Research and development24.69M CNY24.78M CNY32.14M CNY65.97M CNY167.53M CNY
Selling, general, and administrative166.84M CNY162.64M CNY274.22M CNY208.16M CNY896.27M CNY
Operating expenses191.53M CNY187.41M CNY306.36M CNY274.13M CNY1.04B CNY
Interest income80.74K CNY1.68M CNY———
Interest expense——621K CNY5.14M CNY8.32M CNY
Depreciation and amortization19.61M CNY1.57M CNY1.82M CNY3.34M CNY7.7M CNY
Operating income−129.67M CNY−125.66M CNY−265.17M CNY−249.39M CNY−957.3M CNY
Net income−82.4M CNY30.83M CNY−91.75M CNY−244.04M CNY−1.17B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
1 beat, 1 miss, 0 met estimates
Average EPS surprise
+0.53%
2 comparable reports
Latest EPS result
-0.87
Estimate -331.67 · Beat by 99.74%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1,019.35535.6551.95-431.75Q3 '23No estimateQ4 '23No estimateQ2 '24No estimateQ2 '24MissQ3 '24No estimateQ3 '24No estimateQ2 '25BeatQ3 '26Estimate
Q3 2023, reported Sep 29, 2023: actual 0.263, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Oct 18, 2023: actual -1.24, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 4, 2024: actual -1.28, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 19, 2024: actual 0.325, estimate 24.71, surprise -98.69%, Miss. Q3 2024, reported Sep 3, 2024: actual 0.323, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 30, 2024: actual 0.068, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 23, 2025: actual -0.869, estimate -331.67, surprise +99.74%, Beat. Q3 2026, reported Aug 5, 2026: actual —, estimate 919.27, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates95.49M64.68M33.86M3.04MQ3 '23BeatQ4 '23BeatQ2 '24BeatQ2 '24BeatQ3 '24No estimateQ3 '24No estimateQ2 '25MissQ3 '26Estimate
Q3 2023, reported Sep 29, 2023: actual 10.59M USD, estimate 3.58M USD, surprise +195.89%, Beat. Q4 2023, reported Oct 18, 2023: actual 9M USD, estimate 3.65M USD, surprise +146.31%, Beat. Q2 2024, reported Apr 4, 2024: actual 9.28M USD, estimate 3.61M USD, surprise +156.93%, Beat. Q2 2024, reported Apr 19, 2024: actual 9.68M USD, estimate 3.61M USD, surprise +168.07%, Beat. Q3 2024, reported Sep 3, 2024: actual 9.63M USD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 30, 2024: actual 14.19M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 23, 2025: actual 13.97M USD, estimate 38.16M USD, surprise -63.40%, Miss. Q3 2026, reported Aug 5, 2026: actual —, estimate 88.69M USD, surprise —, Comparison unavailable.

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