Company Analysis

Fangdd Network Group Ltd. (DUO)

Nasdaq: DUO · Real Estate · Shenzhen, CN · filing with the SEC since 2018
Grade4.3
◀ Past 2.5● Present 4.4▶ Future 5.7
2 est.

Income statement, as filed

In thousands of Chinese yuan (CNY), as filed; per-share figures in Chinese yuan; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017
Report filedMay 6, 2026Apr 23, 2025Apr 19, 2024Apr 19, 2023Apr 22, 2022Mar 31, 2021Apr 15, 2020··
Revenue354,823339,104284,957245,948942,3802,451,2873,599,4362,282,2161,798,521
For lenders
Net interest income831,684-621······
Provision for credit losses··1,702-20,17926,697614614r-4932,701
Cost of revenue291,232277,356243,763221,213835,8732,036,8212,842,3941,805,5881,416,933
Gross profit63,59161,74841,19424,735106,507414,466757,042476,628381,588
Research and development25,37924,77532,14265,971167,530301,401724,983202,877191,662
Sales and marketing9,46810,0812,77413,19564,91438,02048,39559,09938,461
General and administrative162,043152,554271,448194,962831,358301,065520,421145,277156,329
Total operating expenses196,890187,410306,364274,1281,063,802640,4861,293,799407,253386,452
Operating income-133,299-125,662-265,170-249,393-957,295-226,020-536,75769,375-4,864
Interest income (expense), net·1,684-621-5,140-8,317-12,989-8,719-1,118-13,034
Share of profit of equity-method investments-722-196442-2,020-473,97021,77219,5662,902
Other income (expense), net54,641156,238183,49087,0415,6189,2077,7245,6483,141
Income before income taxes-106,26620,648-94,993-232,101-1,194,090-206,710-506,621108,4593,015
Income tax expense-20,260-7,655-1,8897,4878,90714,6653,7664,4332,366
Net income including non-controlling interests-86,00628,303-93,104-239,588-1,202,997-221,375-510,387104,026649
Net income to non-controlling interests-1,296-2,530-1,3514,450-31,832-1,087···
Net income-84,71030,833-91,753-244,038-1,171,165-220,288-510,387104,026649
Preferred dividends······642,174··
Net income to common shareholders-84,71030,833-91,753-244,038-1,171,165-220,288-1,268,869-144,160-227,819
Earnings per share, basic-12.9645.25r-357.66r-660.40r-0.58-0.11-1.17··
Earnings per share, diluted-12.9645.25r-357.66r-660.40r-0.58-0.11-1.17··
Earnings per share, basic and diluted·····-0.11-1.17-0.15-0.24
Weighted average shares, basic6,538,164681,396r256,539r369,533r2,022,446,9881,993,326,7581,087,910,999··
Weighted average shares, diluted6,538,164681,396r256,539r369,533r2,022,446,9881,993,326,7581,087,910,999··
Weighted average shares, basic and diluted·····1,993,326,7581,087,910,999945,712,030945,712,030
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton DUO · research, not advice