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Fangdd Network Group Ltd. (DUO)
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Fangdd Network Group Ltd. Income Statement 2025-2011 | DUO
Brief overview of income trends at Fangdd Network Group Ltd.
This overview is based on financial performance over the past five years. The revenue attributed to Fangdd Network Group Ltd. moved from 2.5 billion yuan to 355 million yuan between the two endpoints. Overall revenue changed by −85.5%, equal to an annualized rate of about −32.1%. The business finished the period with a smaller revenue base.
The five-year change in gross profit reached −84.7%: from 414 million yuan to 63.6 million yuan. Direct costs broadly followed the top-line trend. Comparing the endpoints gives gross margins of 16.9% and 17.9%. The relationship between gross profit and revenue changed only slightly.
The five-year EBITDA result moved by +44.7%: from −222 million yuan to −123 million yuan. Operating profitability strengthened faster than the scale of sales. EBITDA margin moved from −9.1% to −34.6%. Cost pressure reduced operating profitability.
Net income moved from −220 million yuan at the start to −84.7 million yuan at the end. The direction improved, yet positive earnings are still absent.
The five-year change in capitalization reached −100%: from 233 billion yuan to 21 million yuan. The market is not yet fully reflecting the fundamental progress.
Conclusion
The results contain several connected negative signals. Key strengths include a stronger gross margin and net-income growth. The main areas of concern are a softer top-line trend, pressure on operating profitability and declining capitalization. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Fangdd Network Group Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
21 M | 184 K | 103 K | 495 K | 12.3 B | 233 B | 215 B | 1.27 B | 1.27 B | 6.94 B | - | - | - | - | - |
Shares |
6.54 M | 681 K | 257 K | 370 K | 2.02 B | 1.99 B | 1.09 B | 946 M | 946 M | 1.81 B | - | - | - | - | - |
Historical Prices |
3.22 | 0.27 | 0.4 | 1.34 | 6.08 | 117 | 198 | - | - | - | - | - | - | - | - |
Net Income |
-84.7 M | 30.8 M | -91.8 M | -244 M | -1.17 B | -220 M | -510 M | 104 M | 649 K | -332 M | - | - | - | - | - |
Revenue |
355 M | 339 M | 285 M | 246 M | 942 M | 2.45 B | 3.6 B | 2.28 B | 1.8 B | 1.48 B | - | - | - | - | - |
Cost of Revenue |
291 M | 277 M | 244 M | 221 M | 836 M | 2.04 B | 2.84 B | 1.81 B | 1.42 B | - | - | - | - | - | - |
Gross Profit |
63.6 M | 61.7 M | 41.2 M | 24.7 M | 107 M | 414 M | 757 M | 477 M | 382 M | 228 M | - | - | - | - | - |
Operating Income |
-133 M | -126 M | -265 M | -249 M | -957 M | -226 M | -537 M | 69.4 M | -4.86 M | - | - | - | - | - | - |
Interest Expense |
54.6 M | 156 M | 183 M | 87 M | 5.62 M | 9.21 M | 7.72 M | 5.65 M | 3.14 M | - | - | - | - | - | - |
EBITDA |
-123 M | -125 M | -264 M | -247 M | -950 M | -222 M | -532 M | 83.6 M | 25.6 M | -325 M | - | - | - | - | - |
Operating Expenses |
197 M | 187 M | 306 M | 274 M | 1.06 B | 640 M | 1.27 B | 398 M | 374 M | 578 M | - | - | - | - | - |
General and Administrative Expenses |
162 M | 153 M | 271 M | 195 M | 831 M | - | 520 M | 145 M | 156 M | 311 M | - | - | - | - | - |
Annual performance
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All numbers in CNY currency
Quarterly Income Statement Fangdd Network Group Ltd.
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
6.54 M | 3.01 M | 681 K | 20.8 B | 257 K | 13.9 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 946 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-84.7 M | -38.1 M | 30.8 M | 17.4 M | -91.8 M | 9.46 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
355 M | 203 M | 339 M | 140 M | 285 M | 153 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
291 M | 185 M | 277 M | 123 M | 244 M | 134 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
63.6 M | 18.5 M | 61.7 M | 17.5 M | 41.2 M | 19.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-133 M | -71.8 M | -126 M | -68.6 M | -265 M | -69 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
54.6 M | 26.2 M | 156 M | 82 M | 183 M | 88.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-123 M | -70.8 M | -125 M | -68.4 M | -264 M | -68.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
197 M | 90.2 M | 187 M | 86.1 M | 306 M | 88.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
162 M | 73.6 M | 153 M | 73.6 M | 271 M | 69.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in CNY currency
The income statement is one of the three key financial reports of a company Fangdd Network Group Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.