Fangdd Network Group Ltd. announced on April 23, 2025, that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. This filing provides comprehensive audited financial statements and operational details for the past fiscal year.
The annual report revealed a positive net income of US$30.83 million for the full year 2024. This marks a significant financial turnaround for the company, following previous periods of net losses.
The achievement of positive net income in 2024 indicates a potential recovery and improved profitability for FangDD. This financial performance is a key metric for investors, reflecting the company's efforts to optimize its business model and manage costs effectively.
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