FangDD H1 FY26 net loss narrows to RMB 34.5 million; revenue drops 43.1% to RMB 115.7 million
DUO•First-half revenue falls as loss narrows
Fangdd posted first-half 2026 revenue of RMB 115.7 million, down 43.1% from the prior-year period.
Net loss narrowed to RMB 34.5 million. Loss per share was RMB 0.9, compared with RMB 12.7 basic a year earlier.
Margins improve on higher-value services
Gross margin widened 4.1 percentage points to 13.2%, reflecting a higher contribution from higher-margin value-added services.
GMV declines in a weakening property market
Closed-loop gross merchandise value fell 30.8% to RMB 5.5 billion, with the company citing a shift to a consolidating, shrinking China real estate market.
CEO Xi Zeng said market divergence by city tier continues, while the company is pushing deeper AI integration to improve service quality and efficiency.
