9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings, in CNY as reported — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 21.7% per year over the past 5 years.
Financial health
Operating income covered interest expense -4300.0× in the latest year.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
CN¥355M
-CN¥85M
17.9%
-37.6%
-14.6%
-10.7%
-CN¥84M
—
CN¥29M
2024
CN¥339M
CN¥31M
18.2%
-37.1%
8.0%
4.2%
-CN¥69M
—
CN¥75M
2023
CN¥285M
-CN¥92M
14.5%
-93.1%
-46.8%
-11.9%
-CN¥186M
—
CN¥122M
2022
CN¥246M
-CN¥244M
10.1%
-101.4%
-243.8%
-22.7%
—
—
CN¥144M
2021
CN¥942M
-CN¥1.2B
11.3%
-101.6%
-373.9%
-61.2%
—
—
CN¥492M
2020
—
-CN¥220M
—
—
-15.3%
-5.4%
—
—
CN¥843M
2019
—
-CN¥510M
—
—
-32.1%
-11.7%
—
—
CN¥1.1B
2018
—
CN¥104M
—
—
-5.6%
3.6%
—
—
CN¥444M
2017
—
CN¥649000
—
—
—
—
—
—
—
Valuation over time
How the market has priced DUO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 3.2× (Jun '25) to 2.3× (Dec '25).
The price-to-sales ratio has fallen from 2.6× (Mar '23) to 0.1× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is DUO growing its revenue and profit?
Over the past 5 years, Fangdd Network Group Ltd.'s revenue has declined 21.7% per year. These are computed facts, not advice.
How much debt does DUO have?
As of FY2025, Fangdd Network Group Ltd. reported — of total debt against CN¥29M of cash; operating income covered interest expense -4300.0×.
What is DUO's profit margin?
In FY2025, gross margin was 17.9%, operating margin -37.6%, and net margin -23.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCHUS; 1 CNY = 0.1503 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.