XML 80 R29.htm IDEA: XBRL DOCUMENT
v3.20.1

Parent only financial information | 12 Months Ended
--- | ---
Dec. 31, 2019
Parent only financial information |
Parent only financial information | 22. Parent only financial information The following condensed parent company financial information of Fangdd Network Group Ltd., has been prepared using the same accounting policies as set out in the accompanying Consolidated Financial Statements. As of December 31, 2019, there were no material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of redeemable shares or guarantees of Fangdd Network Group Ltd., except for those, which have been separately disclosed in the Consolidated Financial Statements. (a) Condensed Balance Sheets
|  | As of December 31,
|  | 2018 |  | 2019
|  | RMB |  | RMB
Assets |  |  |  |
Current asset |  |  |  |
Cash and cash equivalents |  | 36 |  | 431,029
Total current asset |  | 36 |  | 431,029
Non-current asset |  |  |  |
Investments in and amounts due from subsidiaries, the VIE and VIE’s subsidiaries |  | 1,197,490 |  | 2,145,325
Total non-current asset |  | 1,197,490 |  | 2,145,325
Total assets |  | 1,197,526 |  | 2,576,354
Liabilities |  |  |  |
Current liability |  |  |  |
Accrued expenses and other current liabilities |  | 20,590 |  | 29,202
Total current liability |  | 20,590 |  | 29,202
Total liabilities |  | 20,590 |  | 29,202
Mezzanine equity |  |  |  |
Series A-2 Redeemable Convertible Preferred Shares |  | 102,743 |  | —
Series B Redeemable Convertible Preferred Shares |  | 446,889 |  | —
Series C Redeemable Convertible Preferred Shares |  | 2,193,512 |  | —
Total mezzanine equity |  | 2,743,144 |  | —
(Deficit) Equity |  |  |  |
Ordinary shares |  | — |  | —
Class A ordinary shares |  | — |  | 1
Class B ordinary shares |  | — |  | —
Series A-1 Convertible Preferred Shares |  | 5,513 |  | —
Additional paid-in capital |  | 55,052 |  | 4,880,135
Accumulated other comprehensive loss |  | (274,540) |  | (368,897)
Accumulated deficit |  | (1,352,233) |  | (1,964,087)
Total (deficit) equity |  | (1,566,208) |  | 2,547,152
Total liabilities, mezzanine equity and (deficit) equity |  | 1,197,526 |  | 2,576,354
(b) Condensed Statements of Results of Operations
|  | For the Year Ended December 31,
|  | 2017 |  | 2018 |  | 2019
|  | RMB |  | RMB |  | RMB
General and administrative expenses |  | (2,722) |  | (72) |  | (881)
Total operating expenses |  | (2,722) |  | (72) |  | (881)
Loss from operations |  | (2,722) |  | (72) |  | (881)
Equity income of subsidiaries and the VIE and VIE’s subsidiaries |  | 54,226 |  | 22,921 |  | 147,511
Other income: |  |  |  |  |  |
Interest income, net |  | 243 |  | (2) |  | (2)
Income before income tax |  | 51,747 |  | 22,847 |  | 146,628
Income tax expense |  | — |  | — |  | —
Net income |  | 51,747 |  | 22,847 |  | 146,628
Accretion of Redeemable Convertible Preferred Shares |  | (228,468) |  | (248,186) |  | (116,308)
Deemed dividend to preferred shareholder |  | — |  | — |  | (642,174)
Net loss attributable to ordinary shareholders |  | (176,721) |  | (225,339) |  | (611,854)
(c) Condensed statements of cash flows
|  | For the Year Ended December 31,
|  | 2017 |  | 2018 |  | 2019
|  | RMB |  | RMB |  | RMB
Net cash (used in) provided by operating activities |  | (2,479) |  | 25 |  | (883)
Cash flows used in investing activities: |  |  |  |  |  |
Investments in and amounts due from subsidiaries, the VIE and VIE’s subsidiaries |  | (660,531) |  | — |  | (64,295)
Investment in short-term investments |  | — |  | — |  | (380,901)
Proceeds from redemption of short-term investments |  | — |  | — |  | 380,901
Net cash used in investing activities |  | (660,531) |  | — |  | (64,295)
Cash flows provided by financing activities: |  |  |  |  |  |
Proceeds from initial public offering, net of offering cost |  | — |  | — |  | 498,436
Net cash provided by financing activities |  | — |  | — |  | 498,436
Effect of exchange rate changes on cash and cash equivalents |  | (18,742) |  | 1 |  | (2,265)
Net (decrease) increase in cash and cash equivalents |  | (681,752) |  | 26 |  | 430,993
Cash and cash equivalents at the beginning of the year |  | 681,762 |  | 10 |  | 36
Cash and cash equivalents at the end of the year |  | 10 |  | 36 |  | 431,029

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration