Lisa Thompson

- Fangdd Network Group Ltd. reported a **45.3% increase** in revenue to **RMB203.4 million** (US$28.4 million) for the six months ended June 30, 2025, compared to RMB140.0 million for the same period in 2024.  **[1750593_0001213900-25-082108_ea025521501ex99-1_fangdd.htm:0]** 
- The company recorded a **net loss of RMB39.2 million** (US$5.5 million) for the first half of 2025, a change from the net income of RMB16.4 million reported for the same period in 2024.  **[1750593_0001213900-25-082108_ea025521501ex99-1_fangdd.htm:0]** 
- Total closed-loop GMV facilitated on the platform increased by **27.3%** to **RMB8.0 billion** (US$1.1 billion) for the six months ended June 30, 2025, up from RMB6.2 billion in the prior year period.  **[1750593_0001213900-25-082108_ea025521501ex99-1_fangdd.htm:0]** 
- Gross margin for the six months ended June 30, 2025, was **9.1%**, a decrease from 12.5% for the same period in 2024, primarily due to a lower contribution from higher-margin value-added services.  **[1750593_0001213900-25-082108_ea025521501ex99-1_fangdd.htm:1]** 
- As of June 30, 2025, the company had cash and cash equivalents, restricted cash, and short-term investments totaling **RMB188.1 million** (US$26.3 million).  **[1750593_0001213900-25-082108_ea025521501ex99-1_fangdd.htm:1]**

Fangdd Network Group (DUO)