Organization and principal activities (Tables)

12 Months Ended

Dec. 31, 2022

Organization and principal activities

Schedule of consolidated assets and liabilities information and consolidated operating results and cash flows information of the Group's VIE and VIE's subsidiaries


	As of December 31,
	2021	2022
	RMB	RMB
Cash and cash equivalents	227,742	56,850
Restricted cash	24,131	38,811
Short-term investments	6,150	2,000
Accounts receivable, net	879,103	466,269
Amount due from related parties*	627,140	600,557
Prepayments and other current assets, net	206,689	188,144
Inventories	—	11,157
Total current assets	1,970,955	1,363,788
Property, equipment and software, net	14,562	3,036
Equity method investments, net	256,062	204,850
Long-term equity investment, net	14,000	6,000
Operating lease right-of-use assets	—	2,032
Total non-current assets	284,624	215,918
Total assets	2,255,579	1,579,706
Short-term bank borrowings	134,780	72,500
Accounts payable	1,154,572	638,295
Customers’ refundable fees	30,997	30,747
Current instalments of long-term loans from a related party**	234,000	—
Amounts due to related parties*	207,400	183,076
Accrued expenses and other payables	171,725	145,088
Income tax payables	813	2,468
Operating lease liabilities-current	—	1,096
Total current liabilities	1,934,287	1,073,270
Non-current liabilities
Income tax payables	27,171	27,429
Operating lease liabilities	—	791
Long-term loans from a related party excluding current instalments**	1,128,000	1,352,000
Total non-current liabilities	1,155,171	1,380,220
Total liabilities	3,089,458	2,453,490

*Amounts due from and to related parties represent the amounts due from and to subsidiaries other than the Group’s VIE and VIE’s subsidiaries, which are eliminated upon consolidation.

**Long-term loans from a related party represents entrusted loans with 3-year term at annual interest rate of 0.2-0.5% (2021: 0.2-0.5)% from Fangdd Information via Bank of China in Shenzhen, which are eliminated upon consolidation.


	For the Year Ended December 31,
	2020	2021	2022
	RMB	RMB	RMB
Total revenue	2,450,937	905,284	239,879
Net loss	(83,285)	(1,031,939)	(43,722)
Net cash used in operating activities	(312,630)	(20,162)	(77,162)
Net cash provided by (used in) investing activities	14,500	(43,725)	(8,355)
Net cash provided by (used in) financing activities	134,964	(167,363)	(70,695)
Net decrease in cash, cash equivalents and restricted cash	(163,166)	(231,250)	(156,212)
Cash, cash equivalents and restricted cash at the beginning of the year	646,289	483,123	251,873
Cash, cash equivalents and restricted cash at the end of the year	483,123	251,873	95,661

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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