v3.25.2
Unaudited Interim Condensed Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Jun. 30, 2025
CNY (¥)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 34,647 $ 4,837 ¥ 75,351
Restricted cash 9,718 1,357 14,133
Short-term investments 143,729 20,064 113,632
Accounts receivable, net 166,385 23,226 196,041
Prepayments and other assets, net 91,956 12,835 144,081
Inventories 5,064 707 5,380
Total current assets 459,845 64,191 548,618
Non-current assets      
Property, plant and equipment, net 40,772 5,692 15,392
Intangible assets, net 941 131 1,005
Right-of-use assets 649 91 1,413
Equity method investments, net 163,174 22,778 162,761
Long-term equity investment, net 13,000 1,815 2,000
Goodwill, net 621 87
Total non-current assets 219,157 30,594 182,571
Total assets 679,002 94,785 731,189
Current liabilities      
Accounts payable (including accounts payable of consolidated VIE without recourse to the Company of RMB98,175 and RMB94,741 as of December 31, 2024 and June 30, 2025, respectively) 102,125 14,256 180,737
Customers’ refundable fees (including customers’ refundable fees of consolidated VIE without recourse to the Company of RMB14,433 and RMB18,839 as of December 31, 2024 and June 30, 2025, respectively) 21,110 2,947 15,879
Accrued expenses and other payables (including accrued expenses and other payables of consolidated VIE without recourse to the Company of RMB69,174 and RMB76,147 as of December 31, 2024 and June 30, 2025, respectively) 113,381 15,827 104,595
Convertible debt (including convertible debt of consolidated VIE without recourse to the Company of nil as of both December 31, 2024 and June 30, 2025, respectively) 9,737 1,359
Income tax payables (including income tax payables of consolidated VIE without recourse to the Company of RMB11 and RMB6 as of December 31, 2024 and June 30, 2025, respectively) 200 28 139
Lease liabilities (including operating lease liabilities-current of consolidated VIE without recourse to the Company of RMB671 and RMB324 as of December 31, 2024 and June 30, 2025, respectively) 606 85 1,332
Total current liabilities 277,134 38,686 326,582
Non-current liabilities      
Income tax payables (including income tax payables of consolidated VIE without recourse to the Company of RMB20,746 and RMB20,427 as of December 31, 2024 and June 30, 2025, respectively) 20,616 2,878 21,176
Lease liabilities (including operating lease liabilities of consolidated VIE without recourse to the Company of RMB130 and nil as of December 31, 2024 and June 30, 2025, respectively) 42 6 130
Total non-current liabilities 20,658 2,884 21,306
Total liabilities 297,792 41,570 347,888
Commitments and contingencies  
Shareholders’ equity:      
Additional paid-in capital 5,420,483 756,670 5,388,038
Accumulated other comprehensive loss (383,833) (53,581) (383,235)
Accumulated deficit (4,656,714) (650,052) (4,618,595)
Total Fangdd Network Group Ltd. shareholders’ equity 380,189 53,072 386,344
Non-controlling interests 1,021 143 (3,043)
Total shareholders’ equity 381,210 53,215 383,301
Total liabilities and shareholders’ equity 679,002 94,785 731,189
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value [1] 253 35 136
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value [1]
Class C Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value [1]
Related parties      
Current assets      
Amounts due from related parties 8,346 1,165
Current liabilities      
Amounts due to related parties (including amounts due to related parties of consolidated VIE without resource to the Company of RMB23,900 and RMB29,965 as of December 31, 2024 and June 30, 2025, respectively) ¥ 29,975 $ 4,184 ¥ 23,900
[1] Retrospectively restated to reflect the share consolidation effected on June 9, 2025, whereby every 16 ordinary shares of a par value US$0.0005625 per share were consolidated into 1 ordinary share of a par value US$0.009 per share (the “Share Consolidation”).