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Run python -m application.cli.business_profile run --market US --one DUO, then regenerate the site.
Issue 000 | U.S. Pilot | US
DUO
Fangdd Network Group Ltd.
Passing
Verified
20-F | 2026-05-06
Filing currency: CNY
Margin of Safety
81.8%
GNNI internal calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 390,089,000CNY
- Total Liabilities
- 209,372,000CNY
- NCAV
- 26,598,717CNY
- Cash
- 29,328,000CNY
- NCAV per share
- 41.12CNY/share
- Evidence
- 7 annual | 9 quarterly
Business Profile
Checklist-driven facts extracted from filing text. Missing fields stay visible.
Known Unknowns
Only 9 quarterly periods available from Data Vault for this company.
Medium | Share Count
Issue 000 does not yet evaluate share count trend or post-filing dilution beyond Mary's screening flags.
Low | Classification
U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.
Annual Financials
Latest annual periods, newest first. Missing cells render as n/a.
| Metric |
2025-12-31
20-F
CNY
|
2024-12-31
20-F
CNY
|
2023-12-31
20-F
CNY
|
2022-12-31
20-F
CNY
|
2021-12-31
20-F
CNY
|
2020-12-31
20-F
CNY
|
2019-12-31
20-F
CNY
|
|---|---|---|---|---|---|---|---|
| Revenue | 354,823,000 | 339,104,000 | 284,957,000 | 245,948,000 | 942,380,000 | 2,451,287,000 | 3,599,436,000 |
| Operating Income | -133,299,000 | -125,662,000 | -265,170,000 | -249,393,000 | -957,295,000 | -226,020,000 | -536,757,000 |
| Net Income | -84,710,000 | 30,833,000 | -91,753,000 | -244,038,000 | -1,171,165,000 | -220,288,000 | -510,387,000 |
| Cash From Operations | -60,194,000 | -60,370,000 | -186,118,000 | -126,983,000 | -60,618,000 | -324,995,000 | 118,511,000 |
| Capex | -23,410,000 | -23,060,000 | -296,000 | n/a | n/a | n/a | n/a |
| Free Cash Flow | -83,604,000 | -83,430,000 | -186,414,000 | n/a | n/a | n/a | n/a |
| Cash And Equivalents | 29,328,000 | 75,351,000 | 121,733,000 | 143,934,000 | 492,107,000 | 843,448,000 | 1,103,747,000 |
| Accounts Receivable | 147,920,000 | 196,041,000 | 314,638,000 | 470,997,000 | 884,740,000 | 2,252,103,000 | 2,189,980,000 |
| Inventory | 5,022,000 | 5,380,000 | 12,503,000 | 11,157,000 | n/a | n/a | n/a |
| Total Current Assets | 390,089,000 | 548,618,000 | 613,077,000 | 858,895,000 | 1,627,299,000 | 3,475,209,000 | 3,730,020,000 |
| Total Assets | 788,264,000 | 731,189,000 | 769,901,000 | 1,076,679,000 | 1,912,983,000 | 4,047,952,000 | 4,372,125,000 |
| Total Current Liabilities | 209,372,000 | 326,582,000 | 549,721,000 | 949,721,000 | 1,580,731,000 | 2,557,980,000 | 2,771,160,000 |
| Total Liabilities | 209,372,000 | 347,888,000 | 578,404,000 | 981,285,000 | 1,609,306,000 | 2,581,954,000 | 2,783,070,000 |
| Shareholders Equity | 578,403,000 | 386,344,000 | 195,845,000 | 100,116,000 | 313,259,000 | 1,443,463,000 | 1,589,055,000 |
| Shares Outstanding | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 6,538,164 | 8,926,591 | 20,765,256,643 | 2,078,624,721 | 2,022,446,988 | 1,993,326,758 | 1,087,910,999 |
| Weighted Avg Shares Basic | 6,538,164 | 8,926,591 | 20,765,256,643 | 2,078,624,721 | 2,022,446,988 | 1,993,326,758 | 1,087,910,999 |
Quarterly Financials
Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.
Only 9 quarterly periods available from Data Vault for this company.
| Metric |
2025-06-30
6-K
CNY
|
2024-12-31
6-K
CNY
|
2024-06-30
6-K
CNY
|
2023-12-31
6-K
CNY
|
2023-06-30
6-K
CNY
|
2022-12-31
6-K
CNY
|
2022-06-30
6-K
CNY
|
2021-12-31
6-K
CNY
|
2021-06-30
6-K
CNY
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 203,394,000 | 339,104,000 | 139,969,000 | 153,488,000 | 153,488,000 | 245,948,000 | 144,834,000 | 692,460,000 | 692,460,000 |
| Operating Income | -71,761,000 | -125,662,000 | -68,625,000 | -265,170,000 | -68,969,000 | -249,393,000 | -178,193,000 | -957,295,000 | -249,610,000 |
| Net Income | -38,119,000 | 30,833,000 | 17,385,000 | -91,753,000 | 9,458,000 | -244,038,000 | -196,845,000 | -1,171,165,000 | -234,217,000 |
| Cash From Operations | -21,235,000 | -60,370,000 | -5,866,000 | -186,118,000 | -160,140,000 | -126,983,000 | -46,630,000 | -60,618,000 | -57,764,000 |
| Capex | n/a | -23,060,000 | n/a | -296,000 | n/a | n/a | n/a | n/a | n/a |
| Free Cash Flow | n/a | -83,430,000 | n/a | -186,414,000 | n/a | n/a | n/a | n/a | n/a |
| Cash And Equivalents | 34,647,000 | 75,351,000 | 125,427,000 | 121,733,000 | 130,735,000 | 143,934,000 | 239,231,000 | 492,107,000 | n/a |
| Total Current Assets | 459,845,000 | 548,618,000 | 513,019,000 | 613,077,000 | 814,812,000 | 858,895,000 | 1,145,641,000 | 1,627,299,000 | n/a |
| Total Liabilities | 297,792,000 | 347,888,000 | 462,557,000 | 578,404,000 | 720,538,000 | 981,285,000 | 1,242,047,000 | 1,609,306,000 | n/a |
| Shares Outstanding | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 3,941,266 | 8,926,591 | 375,664 | 20,765,256,643 | 13,937,948,159 | 2,078,624,721 | 2,046,388,131 | 2,022,446,988 | 2,005,851,928 |
| Weighted Avg Shares Basic | 3,010,123 | 8,926,591 | 375,664 | 20,765,256,643 | 13,937,948,159 | 2,078,624,721 | 2,046,388,131 | 2,022,446,988 | 2,005,851,928 |
Audit Trail
NCAV Audit
Official-source inputs remain linked to filing provenance. Derived values are labeled as such.
| Input | Value | Source concept | Filing period | Confidence | Provenance |
|---|---|---|---|---|---|
| Current Assets | 459,845,000CNY | us-gaap:AssetsCurrent | 2025-06-30 | 1.00 |
sec/companyfacts/cik=0001750593/companyfacts.json D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001750593\companyfacts.json |
| Total Liabilities | 297,792,000CNY | us-gaap:Liabilities | 2025-06-30 | 1.00 |
sec/companyfacts/cik=0001750593/companyfacts.json D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001750593\companyfacts.json |
| Cash | 34,647,000CNY | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2025-06-30 | 1.00 |
sec/companyfacts/cik=0001750593/companyfacts.json D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001750593\companyfacts.json |
| Shares Outstanding | 3,941,266 | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding | 2025-06-30 | 1.00 |
sec/companyfacts/cik=0001750593/companyfacts.json D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001750593\companyfacts.json |
| NCAV | 162,053,000CNY | derived | 2025-06-30 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 41.12CNY | derived | 2025-06-30 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Margin of Safety | 81.8% | derived | 2025-06-30 | n/a | gnni_publication_pack | internal_discount |
NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / weighted_avg_shares_diluted
Source Provenance
- Data Source
- Data Vault
- Data Vault Root
- D:\Projects\The Data Vault
- CIK
- 0001750593
- Company ID
- n/a
- Selected Annual Source
- D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001750593\companyfacts.json
- Selected Quarterly Source
- D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001750593\companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 11
- Imported At
- 2026-07-04T23:04:27+00:00
- Rendered At
- 2026-07-05T09:06:29+00:00
Run Audit
- Mary Run
- 1ec055d81d1a42a39490a83bb9e1f22f
- Mary As Of
- 2026-07-03
- Accession
- 0001213900-26-052541
- CIK
- 0001750593
- Mary Filing Date
- 2026-05-06
- Filing Currency
- CNY
- Internal Discount
- 81.8%
- Source State
- Verified
- Market Context
- Not Displayed
- Market Policy
- internal_only_not_redistributed
- Share Trend
- Not Evaluated
- Dilution
- Needs Review
mary_run=1ec055d81d1a42a39490a83bb9e1f22f; mary_as_of=2026-07-03; mary_filing_date=2026-05-06; mary_accession=0001213900-26-052541; mary_cik=0001750593; gnni_supporting_filing_date=2026-05-06; internal_discount=0.818102; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.