Fangdd Network Group Ltd. Stock Price, News & Analysis

Fangdd Network Group Ltd. (NASDAQ: DUO) reported a 6.9% revenue increase to RMB291.0 million (US$44.4 million) for Q1 2021. Net loss narrowed to RMB104.8 million (US$16.0 million) from RMB136.4 million in 2020. Active agents rose by 1.2% to 221,100, with closed-loop agents growing substantially by 174.6% to 18,400. Total closed-loop GMV soared by 67.0% to RMB29.9 billion (US$4.6 billion). The company expects Q2 revenue between RMB380 million and RMB420 million, showcasing confidence in its asset-light and tech-enabled model amidst growing digital marketing demand in China's real estate sector.

Fangdd Network Group Ltd. (NASDAQ: DUO) will release its Q1 2021 financial results on May 14, 2021, before market opening. The management will host a conference call on the same day at 8:00 A.M. ET to discuss the results. Interested participants must register online for access details. A replay will be available until May 22, 2021, via specific dial-in numbers. Fangdd operates one of China's largest online real estate marketplaces, with over 1.6 million registered agents as of December 31, 2020, emphasizing its innovative SaaS solutions.

Fangdd Network Group Ltd. (NASDAQ: DUO) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on March 31, 2021. The report is accessible on the Company’s investor relations website. Fangdd operates one of China's largest online real estate marketplaces, leveraging mobile internet, cloud, and big data to transform real estate transactions. By year-end 2020, Fangdd had over 1.6 million registered agents, showcasing its market presence and technological innovation.

Fangdd Network Group Ltd. (NASDAQ: DUO) reported its Q4 and full year 2020 financial results, revealing a 40.6% decline in quarterly revenue to RMB622.4 million (US$95.4 million) and a 31.9% drop for the year to RMB2,451.3 million (US$375.7 million). However, the net loss narrowed to RMB92.8 million (US$14.2 million) in Q4, down from RMB691.0 million in Q4 2019. Active agents increased 30.2% year-over-year, reaching 577.2 thousand, while the company anticipates Q1 2021 revenue between RMB270 million and RMB290 million.

Fangdd Network Group Ltd. (NASDAQ: DUO) announced it will release its fourth quarter and full year 2020 financial results on March 26, 2021. The conference call will occur at 8:00 A.M. ET, where management will discuss the results. Participants must register in advance to receive the dial-in information. Fangdd operates a leading online real estate marketplace in China, utilizing advanced technology to improve real estate transactions. As of December 31, 2019, over 1.25 million agents were on its platform.

Fangdd Network Group Ltd. (NASDAQ: DUO) reported its Q3 2020 financial results, revealing a 13.6% decrease in revenue year-over-year to RMB819.1 million ($120.6 million). Net income fell significantly to RMB21.9 million ($3.2 million) compared to RMB80.3 million in Q3 2019. Active agents increased 22.0% to 276.6 thousand, and closed-loop GMV rose 9.4% to RMB55.9 billion ($8.2 billion). Despite revenue declines, the company improved gross margin to 23.5%. For Q4, Fangdd expects revenue between RMB600 million and RMB700 million.

Fangdd Network Group Ltd. (NASDAQ: DUO), a leading property technology firm in China, has announced a share transfer and capital increase agreement with Shanghai Yuancui Information Technology Co., Ltd. This deal will give Fangdd a 51% stake in Shanghai Yuancui, which has over 400 offline stores. This partnership with Centaline Group aims to create a technology-driven franchising system for real estate agencies, combining operational experience with Fangdd's capabilities in data collection and SaaS tools to enhance service offerings and growth potential in the market.

Fangdd Network Group Ltd. (NASDAQ: DUO) will release its Q3 2020 financial results on November 19, 2020, after market close. A conference call for discussing these results is scheduled for the same day at 7:30 PM ET. Due to COVID-19, participants must register online to access the call. Fangdd operates one of China's largest online real estate marketplaces, serving over 1.25 million agents as of December 2019.

Fangdd Network Group Ltd. (NASDAQ: DUO) reported its Q2 2020 financial results, revealing a 22.2% year-over-year revenue decrease to RMB737.7 million (US$104.4 million). The company faced a net loss of RMB14.0 million (US$2.0 million) compared to a profit in Q2 2019. Despite these challenges, the number of active agents increased by 26.9% to 265.9 thousand. The company anticipates third-quarter revenue between RMB1,050 million and RMB1,150 million, indicating potential recovery as the market stabilizes post-COVID-19.