Fang Holdings Limited Reports Q4 Financial Results

March 31, 2021

Leading Chinese real estate portal, Fang Holdings Limited, has announced its unaudited financial results for Q4 and 2020 fiscal year results ended December 31, 2020. 

Fang reported that in the fourth quarter of 2020, total revenues were $56.5 million, up 14.6% from $49.3 million, year-over-year. Operating income was $5.9 million. Operating loss was $21 million, year-over-year. Net loss was around $76,000, down from $26.2 million, year-over-year. 

When it comes to the 2020 fiscal year, total revenues were down 1.6%, $216,2 million compared to $319.7 million, year-over-year. Operating income was $32.1 million, up 31.4% from $24.9 million, year-over-year. Net loss was also down $6.5 million from $10.3 million, year-over-year. 

Looking at the numbers, Fang has a good outlook for 2021. Its management team is expecting a positive net income for the coming fiscal year. 

We’ve also reported the financial results reported by LIFULL pertaining to their real estate arm, LIFULL HOME’S. Two big hitters in the Asian region are showing impressive rebound in the wake of the COVID crisis.

March 31, 2021
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Affordability Calculators 1
Affordability Fears Are Growing – Are Real Estate Portals Paying Attention?

Only around 40% of listings on Zillow are affordable. Or, to put it another way, only around 40% of properties...

Read More
People Roundup Hero Image 3 April 25 1
People on the Move Roundup: REW, ImmoScout24 and REA India

This week's roundup of real estate marketplace comings and goings features executives on the move in Canada, Germany and India......

Read More
Cooperrocketacq 2
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 3
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More

Editor's Pick