| | |
Per ADS
|
| |
Total
|
|
Offering price
|
| |
US$ 0.6976
|
| |
US$ 697,600
|
|
Placement Agent’s fees(1)
|
| |
US$ 0.0488
|
| |
US$ 48,832
|
|
給我們的收益(未計費用)
|
| |
US$ 0.6488
|
| |
US$ 648,768
|
|
| | |
Page
|
| |||
關於本招股説明書副刊
|
| | | | S-1 | | |
招股説明書補充摘要
|
| | | | S-2 | | |
THE OFFERING
|
| | | | S-15 | | |
彙總合併財務數據
|
| | | | S-16 | | |
RISK FACTORS
|
| | | | S-23 | | |
有關前瞻性陳述的警示説明
|
| | | | S-27 | | |
USE OF PROCEEDS
|
| | | | S-29 | | |
DIVIDEND POLICY
|
| | | | S-30 | | |
CAPITALIZATION
|
| | | | S-31 | | |
DILUTION
|
| | | | S-32 | | |
主要股東
|
| | | | S-33 | | |
股本説明
|
| | | | S-36 | | |
美國存托股份説明
|
| | | | S-47 | | |
PLAN OF DISTRIBUTION
|
| | | | S-55 | | |
TAXATION
|
| | | | S-56 | | |
此次發售的費用
|
| | | | S-61 | | |
LEGAL MATTERS
|
| | | | S-62 | | |
EXPERTS
|
| | | | S-63 | | |
您可以在哪裏找到更多信息
|
| | | | S-64 | | |
通過引用合併文件
|
| | | | S-65 | | |
| | |
Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
PROSPECTUS SUMMARY
|
| | | | 2 | | |
RISK FACTORS
|
| | | | 14 | | |
關於前瞻性陳述的説明
|
| | | | 25 | | |
USE OF PROCEEDS
|
| | | | 26 | | |
MANAGEMENT
|
| | | | 27 | | |
主要股東
|
| | | | 33 | | |
PLAN OF DISTRIBUTION
|
| | | | 36 | | |
股本説明
|
| | | | 38 | | |
優先股説明
|
| | | | 47 | | |
債務證券説明
|
| | | | 49 | | |
認股權證説明
|
| | | | 51 | | |
認購權説明
|
| | | | 52 | | |
DESCRIPTION OF UNITS
|
| | | | 53 | | |
EXPENSES
|
| | | | 54 | | |
LEGAL MATTERS
|
| | | | 55 | | |
EXPERTS
|
| | | | 56 | | |
民事責任的執行
|
| | | | 57 | | |
您可以在哪裏找到更多信息
|
| | | | 59 | | |
通過引用合併文件
|
| | | | 60 | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |||||||||
| | |
(in US$ millions)
|
| |||||||||||||||
房多多作為股權投資收到的現金
|
| | | | 71.1 | | | | | | 80.2 | | | | | | — | | |
房多多支付給房多多的現金
(香港)投資WFOE,深圳方達資訊 Technology Co., Ltd.(1) |
| | | | 10.5 | | | | | | 95.6 | | | | | | 21.5 | | |
房多多控股(香港)有限公司支付的現金,作為向WFOE支付的實收資本
|
| | | | 12.0 | | | | | | 113.2 | | | | | | 12.8 | | |
外商獨資企業通過銀行委託貸款支付給深圳市房多多科技有限公司VIE的現金(2)
|
| | | | 35.9 | | | | | | 118.5 | | | | | | 69.0 | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||
| | |
2021
|
| |
2022
|
| ||||||
| | |
(in US$ millions)
|
| |||||||||
房多多作為股權投資收到的現金
|
| | | | — | | | | | | — | | |
房多多支付給房多多控股(香港)有限公司投資外企深圳市方達信息技術有限公司的現金(1)
|
| | | | 8.7 | | | | | | — | | |
房多多控股(香港)有限公司支付的現金,作為向WFOE支付的實收資本
|
| | | | 7.3 | | | | | | — | | |
外商獨資企業通過銀行委託貸款支付給深圳市房多多科技有限公司VIE的現金(2)
|
| | | | 39.5 | | | | | | 6.0 | | |
|
假設税前收益(1)
|
| | | | 100.00 | | |
|
深圳房地級企業按25%的法定税率徵收所得税
|
| | | | (25.00) | | |
|
深圳方達將作為股息分配給香港子公司(2)
|
| | | | 75.00 | | |
|
按5%的税收協定税率預繳税款
|
| | | | (3.75) | | |
|
在香港子公司層面作為股息分配的金額和淨分配
to Fangdd Network Group Ltd. |
| | | | 71.25 | | |
| | |
For the Year Ended December 31,
|
| |
For the Six Months Ended June 30,
|
| | ||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| | |||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| | ||||||||||||||||||||
| | |
(in thousands)
|
| | |||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| | | | |||||||||||||||
Revenue
|
| | | | 3,599,436 | | | | | | 2,451,287 | | | | | | 942,380 | | | | | | 692,460 | | | | | | 144,834 | | | | | | 21,623 | | | | | |
Cost of revenue
|
| | | | (2,842,394) | | | | | | (2,036,821) | | | | | | (835,873) | | | | | | (596,655) | | | | | | (140,128) | | | | | | (20,920) | | | | | |
Gross profit
|
| | | | 757,042 | | | | | | 414,466 | | | | | | 106,507 | | | | | | 95,805 | | | | | | 4,706 | | | | | | 703 | | | | | |
Operating expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
銷售和營銷費用
|
| | | | (48,395) | | | | | | (38,020) | | | | | | (64,914) | | | | | | (50,995) | | | | | | (8,802) | | | | | | (1,314) | | | | | |
產品開發費用
|
| | | | (724,983) | | | | | | (301,401) | | | | | | (167,530) | | | | | | (101,743) | | | | | | (39,797) | | | | | | (5,942) | | | | | |
一般和行政費用
|
| | | | (520,421) | | | | | | (301,065) | | | | | | (831,358) | | | | | | (192,677) | | | | | | (134,300) | | | | | | (20,050) | | | | | |
Total operating expenses
|
| | | | (1,293,799) | | | | | | (640,486) | | | | | | (1,063,802) | | | | | | (345,415) | | | | | | (182,899) | | | | | | (27,306) | | | | | |
Loss from operations
|
| | | | (536,757) | | | | | | (226,020) | | | | | | (957,295) | | | | | | (249,610) | | | | | | (178,193) | | | | | | (26,603) | | | | | |
Other income (expenses): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense, net
|
| | | | (8,719) | | | | | | (12,989) | | | | | | (8,317) | | | | | | (6,956) | | | | | | (1,797) | | | | | | (268) | | | | | |
外幣匯兑損益,淨額
|
| | | | 237 | | | | | | (4,084) | | | | | | (394) | | | | | | (268) | | | | | | 441 | | | | | | 66 | | | | | |
短期投資收益
|
| | | | 2,771 | | | | | | 321 | | | | | | 112 | | | | | | 279 | | | | | | 153 | | | | | | 23 | | | | | |
長期股權投資減值損失
|
| | | | (16,000) | | | | | | — | | | | | | (26,000) | | | | | | — | | | | | | — | | | | | | — | | | | | |
權益法投資減值損失
|
| | | | — | | | | | | — | | | | | | (187,329) | | | | | | — | | | | | | (62,623) | | | | | | (9,349) | | | | | |
非流動資產減值損失
|
| | | | — | | | | | | — | | | | | | (11,543) | | | | | | — | | | | | | (7,642) | | | | | | (1,141) | | | | | |
Goodwill impairment
|
| | | | — | | | | | | — | | | | | | (31,188) | | | | | | | | | | | | | | | | | | | | | | | |
Government grants
|
| | | | 22,351 | | | | | | 22,885 | | | | | | 22,293 | | | | | | 8,206 | | | | | | 12,270 | | | | | | 1,832 | | | | | |
Other income, net
|
| | | | 7,724 | | | | | | 9,207 | | | | | | 5,618 | | | | | | 5,100 | | | | | | 50,880 | | | | | | 7,596 | | | | | |
權益法利潤(虧損)份額
investees, net of income tax |
| | | | 21,772 | | | | | | 3,970 | | | | | | (47) | | | | | | 33 | | | | | | (115) | | | | | | (17) | | | | ||
Loss before income tax
|
| | | | (506,621) | | | | | | (206,710) | | | | | | (1,194,090) | | | | | | (243,216) | | | | | | (186,626) | | | | | | (27,861) | | | | | |
Income tax expense
|
| | | | (3,766) | | | | | | (14,665) | | | | | | (8,907) | | | | | | (651) | | | | | | (5,474) | | | | | | (817) | | | | | |
Net loss
|
| | | | (510,387) | | | | | | (221,375) | | | | | | (1,202,997) | | | | | | (243,867) | | | | | | (192,100) | | | | | | (28,678) | | | | | |
非控股權益應佔淨(利潤)/虧損
|
| | | | — | | | | | | 1,087 | | | | | | 31,832 | | | | | | 9,650 | | | | | | (4,745) | | | | | | (708) | | | | | |
房多多集團有限公司應佔淨虧損
|
| | | | (510,387) | | | | | | (220,288) | | | | | | (1,171,165) | | | | | | (234,217) | | | | | | (196,845) | | | | | | (29,386) | | | | | |
可贖回可轉換優先股的增加
|
| | | | (116,308) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | |
視為優先股股東的股息
|
| | | | (642,174) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | |
普通股股東應佔淨虧損
|
| | | | (1,268,869) | | | | | | (220,288) | | | | | | (1,171,165) | | | | | | (234,217) | | | | | | (196,845) | | | | | | (29,386) | | | | | |
Net loss
|
| | | | (510,387) | | | | | | (221,375) | | | | | | (1,202,997) | | | | | | (243,867) | | | | | | (192,100) | | | | | | (28,678) | | | | | |
| | |
As of December 31,
|
| |
As of June 30,
|
| ||||||||||||||||||
| | |
2020
|
| |
2021
|
| |
2022
|
| |||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| ||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||
| | | | | | | | | | | | | | |
(unaudited)
|
| |||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | | 843,448 | | | | | | 492,107 | | | | | | 239,231 | | | | | | 35,716 | | |
Restricted cash
|
| | | | 92,582 | | | | | | 24,131 | | | | | | 34,709 | | | | | | 5,182 | | |
Short-term investments
|
| | | | 9,000 | | | | | | 6,150 | | | | | | 4,150 | | | | | | 620 | | |
Accounts receivable, net
|
| | | | 2,252,103 | | | | | | 884,740 | | | | | | 677,902 | | | | | | 101,208 | | |
權益法投資對象的貸款淨額
|
| | | | 92,116 | | | | | | — | | | | | | — | | | | | | — | | |
預付款和其他資產,淨額
|
| | | | 185,960 | | | | | | 220,171 | | | | | | 178,680 | | | | | | 26,676 | | |
Inventory
|
| | | | — | | | | | | — | | | | | | 10,969 | | | | | | 1,638 | | |
Total current assets
|
| | | | 3,475,209 | | | | | | 1,627,299 | | | | | | 1,145,641 | | | | | | 171,040 | | |
Non-current assets | | | | | | | | | | | | | | | | | | | | | | | | | |
財產、設備和軟件,淨額
|
| | | | 14,493 | | | | | | 14,562 | | | | | | 4,844 | | | | | | 723 | | |
Intangible assets, net
|
| | | | 7,418 | | | | | | — | | | | | | — | | | | | | — | | |
權益法投資,淨額
|
| | | | 468,598 | | | | | | 257,122 | | | | | | 207,427 | | | | | | 30,968 | | |
長期股權投資,淨額
|
| | | | 40,000 | | | | | | 14,000 | | | | | | 14,000 | | | | | | 2,090 | | |
Deferred tax assets, net
|
| | | | 3,558 | | | | | | — | | | | | | — | | | | | | — | | |
Goodwill, net
|
| | | | 31,188 | | | | | | — | | | | | | 454 | | | | | | 68 | | |
Other non-current assets
|
| | | | 7,488 | | | | | | — | | | | | | — | | | | | | — | | |
Total non-current assets
|
| | | | 572,743 | | | | | | 285,684 | | | | | | 226,725 | | | | | | 33,849 | | |
Total assets
|
| | | | 4,047,952 | | | | | | 1,912,983 | | | | | | 1,372,366 | | | | | | 204,889 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Current Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Short-term bank borrowings
|
| | | | 443,444 | | | | | | 134,780 | | | | | | 84,780 | | | | | | 12,657 | | |
Accounts payable
|
| | | | 1,796,304 | | | | | | 1,175,943 | | | | | | 913,109 | | | | | | 136,324 | | |
Customers’ refundable fees
|
| | | | 36,074 | | | | | | 30,997 | | | | | | 40,430 | | | | | | 6,036 | | |
應計費用和其他應付款
|
| | | | 281,648 | | | | | | 238,198 | | | | | | 170,094 | | | | | | 25,394 | | |
Income tax payables
|
| | | | 510 | | | | | | 813 | | | | | | 4,721 | | | | | | 705 | | |
流動負債總額
|
| | | | 2,557,980 | | | | | | 1,580,731 | | | | | | 1,213,134 | | | | | | 181,116 | | |
非流動負債: | | | | | | | | | | | | | | | | | | | | | | | | | |
Income tax payables
|
| | | | 23,840 | | | | | | 28,575 | | | | | | 28,913 | | | | | | 4,317 | | |
Deferred tax liabilities
|
| | | | 134 | | | | | | — | | | | | | — | | | | | | — | | |
非流動負債合計
|
| | | | 23,974 | | | | | | 28,575 | | | | | | 28,913 | | | | | | 4,317 | | |
Total liabilities
|
| | | | 2,581,954 | | | | | | 1,609,306 | | | | | | 1,242,047 | | | | | | 185,433 | | |
| | |
As of December 31,
|
| |
As of June 30,
|
| ||||||||||||||||||
| | |
2020
|
| |
2021
|
| |
2022
|
| |||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| ||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||
| | | | | | | | | | | | | | |
(unaudited)
|
| |||||||||
承付款和或有事項 | | | | | | | | | | | | | | | | | | | | | | | | | |
Equity: | | | | | | | | | | | | | | | | | | | | | | | | | |
Class A Ordinary shares (US$0.0000001 par value,
5,000,000,000 shares authorized including Class A and Class B ordinary shares, 1,376,231,023 and 1,426,450,073 截至2020年12月31日已發行和已發行的股票 and 2021 and June 30, 2022, respectively) |
| | | | 1 | | | | | | 1 | | | | | | 1 | | | | | | — | | |
B類普通股(面值0.0000001美元,授權發行5,000,000,000股,包括A類普通股和B類普通股,截至2020年12月31日、2021年12月31日和2022年6月30日分別發行和發行619,938,058股)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Additional paid-in capital
|
| | | | 4,982,885 | | | | | | 5,031,772 | | | | | | 5,040,979 | | | | | | 752,598 | | |
累計其他綜合損失
|
| | | | (396,951) | | | | | | (404,877) | | | | | | (395,718) | | | | | | (59,079) | | |
Accumulated deficit
|
| | | | (3,142,472) | | | | | | (4,313,637) | | | | | | (4,510,482) | | | | | | (673,397) | | |
房多多股東權益合計
|
| | | | 1,443,463 | | | | | | 313,259 | | | | | | 134,780 | | | | | | 20,122 | | |
Non-controlling interests
|
| | | | 22,535 | | | | | | (9,582) | | | | | | (4,461) | | | | | | (666) | | |
Total equity
|
| | | | 1,465,998 | | | | | | 303,677 | | | | | | 130,319 | | | | | | 19,456 | | |
負債和權益合計
|
| | | | 4,047,952 | | | | | | 1,912,983 | | | | | | 1,372,366 | | | | | | 204,889 | | |
|
| | |
For the Year Ended December 31,
|
| |
For the Six Months Ended June 30,
|
| | ||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| | |||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| | ||||||||||||||||||||
| | |
(in thousands)
|
| | |||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| | | | |||||||||||||||
經營活動現金流: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net loss
|
| | | | (510,387) | | | | | | (221,375) | | | | | | (1,202,997) | | | | | | (243,867) | | | | | | (192,100) | | | | | | (28,678) | | | | | |
將淨虧損與經營活動提供(用於)的現金淨額進行調整
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
折舊及攤銷
|
| | | | 4,842 | | | | | | 3,781 | | | | | | 7,695 | | | | | | 4,185 | | | | | | 2,081 | | | | | | 311 | | | | | |
基於股份的薪酬費用
|
| | | | 745,873 | | | | | | 102,750 | | | | | | 47,067 | | | | | | 22,956 | | | | | | 9,207 | | | | | | 1,375 | | | | | |
短期投資收益
|
| | | | (2,771) | | | | | | (321) | | | | | | (112) | | | | | | (279) | | | | | | (153) | | | | | | (23) | | | | | |
非流動資產減值損失
|
| | | | — | | | | | | — | | | | | | 11,543 | | | | | | — | | | | | | 7,642 | | | | | | 1,141 | | | | | |
Goodwill impairment
|
| | | | — | | | | | | — | | | | | | 31,188 | | | | | | — | | | | | | — | | | | | | — | | | | | |
長期股權投資減值損失
|
| | | | 16,000 | | | | | | — | | | | | | 26,000 | | | | | | — | | | | | | — | | | | | | — | | | | | |
短期股權投資減值損失
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 144,027 | | | | | | 21,503 | | | | | |
權益法投資減值損失
|
| | | | — | | | | | | — | | | | | | 187,329 | | | | | | — | | | | | | 62,623 | | | | | | 9,349 | | | | | |
權益法投資扣除所得税後的虧損(利潤)份額
|
| | | | (21,772) | | | | | | (3,970) | | | | | | 47 | | | | | | (33) | | | | | | 115 | | | | | | 17 | | | | | |
Other income, net
|
| | | | (8,321) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | |
從權益法投資獲得的股息
|
| | | | 9,602 | | | | | | 644 | | | | | | — | | | | | | 236 | | | | | | — | | | | | | — | | | | | |
壞賬準備(沖銷)
|
| | | | 58,981 | | | | | | 68,581 | | | | | | 612,653 | | | | | | 99,134 | | | | | | (81,004) | | | | | | (12,094) | | | | | |
處置財產的損失(收益)和
equipment |
| | | | 439 | | | | | | 51 | | | | | | 322 | | | | | | (8) | | | | | | 175 | | | | | | 26 | | | | | |
外幣匯兑損失(收益),淨額
|
| | | | (237) | | | | | | 4,084 | | | | | | 394 | | | | | | 268 | | | | | | (441) | | | | | | (66) | | | | | |
遞延所得税費用
|
| | | | 1,178 | | | | | | 1,912 | | | | | | 3,424 | | | | | | (638) | | | | | | — | | | | | | — | | | | | |
扣除收購影響後的營業資產和負債變動
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts receivables
|
| | | | (893,223) | | | | | | (130,045) | | | | | | 867,027 | | | | | | 369,386 | | | | | | 299,277 | | | | | | 44,681 | | | | | |
預付款和其他資產
|
| | | | 29,846 | | | | | | 8,596 | | | | | | 98,000 | | | | | | 64,458 | | | | | | 21,664 | | | | | | 3,234 | | | | | |
Accounts payables
|
| | | | 769,363 | | | | | | (101,264) | | | | | | (620,361) | | | | | | (280,136) | | | | | | (262,834) | | | | | | (39,240) | | | | | |
Customers’ refundable fees
|
| | | | 3,219 | | | | | | (8,842) | | | | | | (8,286) | | | | | | 1,109 | | | | | | 9,433 | | | | | | 1,408 | | | | | |
應計費用和其他應付款
|
| | | | (84,943) | | | | | | (62,010) | | | | | | (126,563) | | | | | | (95,354) | | | | | | (70,588) | | | | | | (10,540) | | | | | |
Income tax payables
|
| | | | 822 | | | | | | 12,433 | | | | | | 5,012 | | | | | | 819 | | | | | | 4,246 | | | | | | 634 | | | | | |
經營活動提供(使用)的現金淨額
|
| | | | 118,511 | | | | | | (324,995) | | | | | | (60,618) | | | | | | (57,764) | | | | | | (46,630) | | | | | | (6,962) | | | | | |
| | |
For the Year Ended December 31,
|
| |
For the Six Months Ended June 30,
|
| | ||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| | |||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| | ||||||||||||||||||||
| | |
(in thousands)
|
| | |||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| | | | |||||||||||||||
投資活動現金流: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
購置物業、設備和軟件
|
| | | | (1,695) | | | | | | (10,248) | | | | | | (12,461) | | | | | | (11,067) | | | | | | (194) | | | | | | (29) | | | | | |
處置財產、設備和軟件所得收益
|
| | | | 3,566 | | | | | | 52 | | | | | | 252 | | | | | | 39 | | | | | | — | | | | | | — | | | | | |
權益法投資
|
| | | | (579,492) | | | | | | (1,458) | | | | | | (84,566) | | | | | | (490) | | | | | | (32,354) | | | | | | (4,830) | | | | | |
權益法被投資人返還資本
|
| | | | 358,558 | | | | | | 115,449 | | | | | | 50,088 | | | | | | 26,652 | | | | | | 19,311 | | | | | | 2,883 | | | | | |
企業合併(支付)的現金收益,扣除獲得的現金後的淨額
|
| | | | — | | | | | | (8,652) | | | | | | — | | | | | | 3,595 | | | | | | (648) | | | | | | (97) | | | | | |
出售權益法投資的收益
|
| | | | 4,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | |
貸款轉股權法被投資人
|
| | | | — | | | | | | (92,116) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | |
短期投資支付的現金
|
| | | | (456,167) | | | | | | (1,266,273) | | | | | | (104,139) | | | | | | (71,139) | | | | | | (262,896) | | | | | | (39,249) | | | | | |
出售短期投資的收益
|
| | | | 518,921 | | | | | | 1,269,094 | | | | | | 107,101 | | | | | | 69,269 | | | | | | 121,022 | | | | | | 18,068 | | | | | |
由投資活動提供(用於)的淨現金
|
| | | | (151,809) | | | | | | 5,848 | | | | | | (43,725) | | | | | | 16,859 | | | | | | (155,759) | | | | | | (23,254) | | | | | |
融資活動的現金流: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
首次公開募股收益淨額
of offering cost |
| | | | 498,436 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | |
非控股股東出資
|
| | | | — | | | | | | — | | | | | | 1,535 | | | | | | 78 | | | | | | 490 | | | | | | 73 | | | | | |
短期銀行借款的現金收益
|
| | | | 540,030 | | | | | | 540,943 | | | | | | 154,180 | | | | | | 54,180 | | | | | | — | | | | | | — | | | | | |
償還銀行短期借款
|
| | | | (445,030) | | | | | | (587,500) | | | | | | (462,844) | | | | | | (206,944) | | | | | | (50,000) | | | | | | (7,465) | | | | | |
融資活動提供(使用)的現金淨額
|
| | | | 593,436 | | | | | | (46,557) | | | | | | (307,129) | | | | | | (152,686) | | | | | | (49,510) | | | | | | (7,392) | | | | | |
匯率變動對現金的影響,
現金等價物和受限現金 |
| | | | (20,484) | | | | | | (32,138) | | | | | | (8,320) | | | | | | (4,182) | | | | | | 9,601 | | | | | | 1,434 | | | | | |
現金、現金等價物和限制性現金淨增(減)
|
| | | | 539,654 | | | | | | (397,842) | | | | | | (419,792) | | | | | | (197,773) | | | | | | (242,298) | | | | | | (36,174) | | | | | |
年初的現金、現金等價物和限制性現金
|
| | | | 794,218 | | | | | | 1,333,872 | | | | | | 936,030 | | | | | | 936,030 | | | | | | 516,238 | | | | | | 77,072 | | | | | |
現金、現金等價物和受限現金
at the end of the year |
| | | | 1,333,872 | | | | | | 936,030 | | | | | | 516,238 | | | | | | 738,257 | | | | | | 273,940 | | | | | | 40,898 | | | | | |
補充信息
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest paid
|
| | | | (18,411) | | | | | | (23,980) | | | | | | (18,277) | | | | | | (11,456) | | | | | | (3,233) | | | | | | (483) | | | | | |
Income tax paid
|
| | | | (1,717) | | | | | | (320) | | | | | | (445) | | | | | | (445) | | | | | | (812) | | | | | | (121) | | | | | |
出售有淨負債的子公司
|
| | | | (1,900) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | |
| | |
For the Year Ended December 31,
|
| |
For the Six Months Ended June 30,
|
| | |||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| | ||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| ||||||||||||||||||||||||
| | |
(單位為千,百分比除外)
|
| | ||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| | | | ||||||||||||||||||
GAAP loss from operations
|
| | | | (536,757) | | | | | | (226,020) | | | | | | (957,295) | | | | | | (249,610) | | | |
(178,193)
|
| | | | (26,604) | | | | | | ||||||
基於股份的薪酬費用
|
| | | | 745,873 | | | | | | 102,750 | | | | | | 47,067 | | | | | | 22,956 | | | |
9,207
|
| | | | 1,375 | | | | | | ||||||
運營中的非公認會計原則虧損
|
| | | | 209,116 | | | | | | (123,270) | | | | | | (910,228) | | | | | | (226,654) | | | |
(168,986)
|
| | | | (25,229) | | | | | | ||||||
GAAP net loss
|
| | | | (510,387) | | | | | | (221,375) | | | | | | (1,202,997) | | | | | | (243,867) | | | |
(192,100)
|
| | | | (28,680) | | | | | | ||||||
基於股份的薪酬費用
|
| | | | 745,873 | | | | | | 102,750 | | | | | | 47,067 | | | | | | 22,956 | | | |
9,207
|
| | | | 1,375 | | | | | | ||||||
Non-GAAP net loss
|
| | | | 235,486 | | | | | | (118,625) | | | | | | (1,155,930) | | | | | | (220,911) | | | |
(182,893)
|
| | | | (27,305) | | | | | | ||||||
GAAP operating margin (%)
|
| | | | (14.9) | | | | | | (9.2) | | | | | | (101.6) | | | | | | (36.1) | | | |
(123.0)
|
| | | | (123.0) | | | | | | ||||||
基於股份的薪酬費用(%)
|
| | | | 20.7 | | | | | | 4.2 | | | | | | 5.0 | | | | | | 3.3 | | | |
6.4
|
| | | | 6.4 | | | | | | ||||||
Non-GAAP operating margin (%)
|
| | | | 5.8 | | | | | | (5.0) | | | | | | (96.6) | | | | | | (32.7) | | | |
(116.7)
|
| | | | (116.7) | | | | | | ||||||
GAAP net margin (%)
|
| | | | (14.2) | | | | | | (9.0) | | | | | | (127.7) | | | | | | (35.2) | | | |
(132.6)
|
| | | | (132.6) | | | | | | ||||||
基於股份的薪酬費用(%)
|
| | | | 20.7 | | | | | | 4.2 | | | | | | 5.0 | | | | | | 3.3 | | | |
6.4
|
| | | | 6.4 | | | | | | ||||||
Non-GAAP net margin (%)
|
| | | | 6.5 | | | | | | (4.8) | | | | | | (122.7) | | | | | | (31.9) | | | |
(126.3)
|
| | | | (126.3) | | | | | |
| | |
As of June 30, 2022
|
| |||||||||||||||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||||||||||||||
| | |
RMB
|
| |
US$
|
| |
RMB
|
| |
US$
|
| ||||||||||||
現金和現金等價物
|
| | | | 239,231 | | | | | | 35,716 | | | | | | 242,384 | | | | | | 36,187 | | |
Restricted cash
|
| | | | 34,709 | | | | | | 5,182 | | | | | | 34,709 | | | | | | 5,182 | | |
Shareholders’ equity | | | | | | | | | | | | | | | | | | | | | | | | | |
A類普通股(面值0.0000001美元,授權發行5,000,000,000股,包括A類和B類普通股,截至2022年6月30日已發行和已發行股票1,426,450,073股)
|
| | | | 1 | | | | | | — | | | | | | 1 | | | | | | — | | |
B類普通股(面值0.0000001美元,授權發行5,000,000,000股,包括A類和B類普通股,截至2022年6月30日已發行和已發行股票619,938,058股)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
新增實收資本
|
| | | | 5,040,979 | | | | | | 752,598 | | | | | | 5,044,132 | | | | | | 753,069 | | |
累計其他綜合收益
|
| | | | (395,718) | | | | | | (59,079) | | | | | | (395,718) | | | | | | (59,079) | | |
Accumulated deficit
|
| | | | (4,510,482) | | | | | | (673,397) | | | | | | (4,510,482) | | | | | | (673,397) | | |
股東權益合計
|
| | | | 134,780 | | | | | | 20,122 | | | | | | 137,933 | | | | | | 20,593 | | |
Total capitalization
|
| | | | 134,780 | | | | | | 20,122 | | | | | | 137,933 | | | | | | 20,593 | | |
|
每個美國存托股份的註冊直接發行價
|
| |
US$0.6976
|
|
|
截至2022年6月30日美國存托股份的歷史有形賬面淨值
|
| |
US$3.6545
|
|
|
可歸因於此次發行的美國存托股份有形賬面淨值下降
|
| |
US$0.4579
|
|
|
本次發售生效後調整後的每股美國存托股份有形賬面淨值
|
| |
US$3.1966
|
|
|
在此次發行中購買美國存託憑證的新投資者按美國存托股份攤薄
|
| |
US$0.4579
|
|
| | |
本次發行前實益擁有的普通股
|
| |
普通股受益
本次發行後擁有的 |
| ||||||||||||||||||||||||||||||||||||||||||
| | |
Class A
Ordinary Shares Beneficially Owned |
| |
Class B
Ordinary Shares Beneficially Owned |
| |
Class C
Ordinary Shares Beneficially Owned |
| |
Total Ordinary
Shares Beneficially Owned |
| |
% of Total
Ordinary Shares† |
| |
% of
Aggregate Voting Power†† |
| |
% of Total
Ordinary Shares† |
| |
% of
Aggregate Voting Power†† |
| ||||||||||||||||||||||||
董事和高管:** | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Xi Zeng(1)
|
| | | | — | | | | | | 161,396,567 | | | | | | 75,000 | | | | | | 161,471,567 | | | | | | 7.7 | | | | | | 28.0 | | | | | | 6.5 | | | | | | 26.9 | | |
Jiaorong Pan(2)
|
| | | | 29,249,399 | | | | | | — | | | | | | — | | | | | | 29,249,399 | | | | | | 1.4 | | | | | | 0.3 | | | | | | 1.2 | | | | | | 0.3 | | |
Li Xiao
|
| | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | |
Yi Duan(3)
|
| | | | — | | | | | | 329,021,793 | | | | | | — | | | | | | 329,021,793 | | | | | | 15.7 | | | | | | 39.0 | | | | | | 13.3 | | | | | | 37.4 | | |
Yang Li
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Senlin Peng
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Zhen Xie
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Shuiying Chen
|
| | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | |
所有董事和高管
Group |
| | | | 48,412,680 | | | | | | 490,418,360 | | | | | | 75,000 | | | | | | 538,906,040 | | | | | | 25.6 | | | | | | 67.6 | | | | | | 21.8 | | | | | | 64.7 | | |
主要股東: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
CC網絡國際有限公司(3)
|
| | | | — | | | | | | 329,021,793 | | | | | | — | | | | | | 329,021,793 | | | | | | 15.7 | | | | | | 39.0 | | | | | | 13.3 | | | | | | 37.4 | | |
ZX INTERNATIONAL LTD(1)
|
| | | | — | | | | | | 161,396,567 | | | | | | 75,000 | | | | | | 161,471,567 | | | | | | 7.7 | | | | | | 28.0 | | | | | | 6.5 | | | | | | 26.9 | | |
方德得體國際有限公司及其附屬公司(4)
|
| | | | 138,698,218 | | | | | | — | | | | | | — | | | | | | 138,698,218 | | | | | | 6.6 | | | | | | 1.6 | | | | | | 5.6 | | | | | | 1.6 | | |
天域網絡國際有限公司(5)
|
| | | | — | | | | | | 129,519,698 | | | | | | — | | | | | | 129,519,698 | | | | | | 6.2 | | | | | | 15.4 | | | | | | 5.2 | | | | | | 14.7 | | |
灰狗投資有限公司(6)
|
| | | | 109,375,012 | | | | | | — | | | | | | — | | | | | | 109,375,012 | | | | | | 5.2 | | | | | | 1.3 | | | | | | 4.4 | | | | | | 1.2 | | |
| 存放或提取A類普通股的人員或美國存托股份持有人必須支付: | | | For: | |
| US$5.00 (or less) per 100 ADSs (or portion of 100 ADSs) | | | 美國存託憑證的發行,包括因分配A類普通股或權利或其他財產而產生的發行 | |
| | | | 為取款目的取消美國存託憑證,包括存款協議終止的情況 | |
| US$.05 (or less) per ADS | | | 對美國存托股份持有者的任何現金分配 | |
| 如果分發給您的證券是A類普通股,並且A類普通股已存放用於發行美國存託憑證,則應支付的費用相當於該費用。 | | | 由託管人分配給美國存托股份持有人的分配給已存放證券(包括權利)持有人的證券的分配 | |
| 每個日曆年每個美國存托股份0.05美元(或更少) | | | 託管服務 | |
| 註冊費或轉讓費 | | | 當您存入或提取A類普通股時,我們股票登記簿上的A類普通股以託管人或其代理人的名義進行轉讓和登記 | |
| 託管人的費用 | | | 有線(包括SWIFT)和傳真傳輸(如果存款協議中明確規定) | |
| | | | 將外幣兑換成美元 | |
| 美國存託憑證或託管人必須為任何美國存託憑證或美國存託憑證相關的A類普通股支付的税款和其他政府費用,如股票轉讓税、印花税或預扣税 | | | As necessary | |
| 託管人或其代理人為已交存證券支付的任何費用 | | | As necessary | |
|
SEC registration fee
|
| |
US$ 33,060
|
|
|
Legal fees and expenses
|
| |
US$110,000
|
|
|
Printing costs
|
| |
US$ 15,000
|
|
|
Other expenses
|
| |
US$ 20,000
|
|
| Total | | |
US$178,060
|
|
| | |
Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
PROSPECTUS SUMMARY
|
| | | | 2 | | |
RISK FACTORS
|
| | | | 14 | | |
有關前瞻性陳述的警示説明
|
| | | | 25 | | |
USE OF PROCEEDS
|
| | | | 26 | | |
MANAGEMENT
|
| | | | 27 | | |
主要股東
|
| | | | 33 | | |
PLAN OF DISTRIBUTION
|
| | | | 36 | | |
股本説明
|
| | | | 38 | | |
優先股説明
|
| | | | 47 | | |
債務證券説明
|
| | | | 49 | | |
認股權證説明
|
| | | | 51 | | |
認購權説明
|
| | | | 52 | | |
DESCRIPTION OF UNITS
|
| | | | 53 | | |
EXPENSES
|
| | | | 54 | | |
LEGAL MATTERS
|
| | | | 55 | | |
EXPERTS
|
| | | | 56 | | |
民事責任的執行
|
| | | | 57 | | |
您可以在哪裏找到更多信息
|
| | | | 59 | | |
通過引用合併文件
|
| | | | 60 | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |||||||||
| | |
(in US$ millions)
|
| |||||||||||||||
房多多作為股權投資收到的現金
|
| | | | 71.1 | | | | | | 80.2 | | | | | | — | | |
房多多支付給房多多的現金
(香港)投資WFOE,深圳方達資訊 Technology Co., Ltd(1) |
| | | | 10.5 | | | | | | 95.6 | | | | | | 21.5 | | |
房多多控股(香港)有限公司支付的現金,作為向WFOE支付的實收資本
|
| | | | 12.0 | | | | | | 113.2 | | | | | | 12.8 | | |
外商獨資企業通過銀行委託貸款支付給深圳市房多多科技有限公司VIE的現金(2)
|
| | | | 35.9 | | | | | | 118.5 | | | | | | 69.0 | | |
|
假設税前收益(1)
|
| | | | 100.00 | | |
|
深圳房地級企業按25%的法定税率徵收所得税
|
| | | | (25.00) | | |
|
深圳方達分紅給香港子公司的金額(2)
|
| | | | 75.00 | | |
|
按5%的税收協定税率預繳税款
|
| | | | (3.75) | | |
|
將在香港子公司層面作為股息分配的金額,並淨分配給房多多集團有限公司。
|
| | | | 71.25 | | |
董事和高管
Officers |
| |
Age
|
| |
Position/Title
|
|
Xi Zeng | | |
40
|
| |
聯合創始人、董事會主席兼首席執行官
|
|
Jiaorong Pan | | |
43
|
| | 董事和首席運營官 | |
Li Xiao | | |
58
|
| | 董事和總裁副董事長 | |
Yi Duan | | |
45
|
| | Co-Founder, Director | |
Weiru Chen | | |
52
|
| | 獨立董事 | |
Yang Li | | |
46
|
| | 獨立董事 | |
Senlin Peng | | |
48
|
| | 獨立董事 | |
Shuiying Chen | | |
37
|
| | 財務總監 | |
|
董事會多樣性矩陣(截至本招股説明書發佈之日)
|
| |||
| 主要執行機構所在國家/地區: | | |
People’s Republic of China
|
|
| 外國私人發行商 | | |
YES
|
|
| 母國法律禁止披露信息 | | |
NO
|
|
| 導演總數 | | |
7
|
|
| | |
Female
|
| |
Male
|
| |
Non-Binary
|
| |
Did Not
Disclose Gender |
| ||||||||||||
第一部分:性別認同 | | | | | | | | | | | | | | | | | | | | | | | | | |
Directors
|
| | | | 2 | | | | | | 5 | | | | | | 0 | | | | | | 0 | | |
第二部分:人口統計背景 | | | | | | | | | | | | | | | | | | | | | | | | | |
在母國管轄範圍內任職人數不足的個人
|
| | | | | | | | | | | | | | | | 0 | | | | | | | | |
LGBTQ+
|
| | | | | | | | | | | | | | | | 0 | | | | | | | | |
Name
|
| |
Class A Ordinary
Shares underlying Options Awarded |
| |
Exercise Price
(US$/share) |
| |
Date of Grant
|
| |
Date of Expiration
|
| ||||||
Li Xiao
|
| | | | * | | | | | | 0.0000001 | | | |
December 21, 2018
|
| |
December 21, 2023
|
|
Jiaorong Pan
|
| | | | * | | | | | | 0.0000001 | | | |
December 21, 2018
|
| |
December 21, 2023
|
|
Shuiying Chen
|
| | | | * | | | | | | 0.0000001 | | | |
November 15, 2021
|
| |
November 14, 2026
|
|
Other grantees
|
| | | | 92,812,250 | | | | | | 0.0000001 | | | |
December 21, 2018
through November 15, 2021 |
| |
December 21, 2023
through November 15, 2026 |
|
| | |
實益擁有的普通股(截至本招股説明書日期)
|
| |||||||||||||||||||||||||||
| | |
Class A
Ordinary Shares Beneficially Owned |
| |
Class B
Ordinary Shares Beneficially Owned |
| |
Total
Ordinary Shares Beneficially Owned |
| |
Percentage
of Total Ordinary Shares† |
| |
Percentage
of Aggregate Voting Power†† |
| |||||||||||||||
董事和高管:** | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Xi Zeng(1)
|
| | | | — | | | | | | 161,396,567 | | | | | | 161,396,567 | | | | | | 7.8 | | | | | | 21.1 | | |
Jiaorong Pan(2)
|
| | | | 29,249,399 | | | | | | — | | | | | | 29,249,399 | | | | | | 1.4 | | | | | | 0.4 | | |
Li Xiao
|
| | | | * | | | | | | — | | | | | | * | | | | | | * | | | | | | * | | |
Yi Duan(3)
|
| | | | — | | | | | | 329,021,793 | | | | | | 329,021,793 | | | | | | 15.9 | | | | | | 43.0 | | |
Weiru Chen
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Yang Li
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Senlin Peng
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Shuiying Chen
|
| | | | * | | | | | | — | | | | | | * | | | | | | * | | | | | | * | | |
作為一個組的所有董事和高管
|
| | | | 48,412,680 | | | | | | 490,418,360 | | | | | | 538,831,040 | | | | | | 26.0 | | | | | | 64.7 | | |
主要股東: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
CC國際網絡
LTD(3) |
| | | | — | | | | | | 329,021,793 | | | | | | 329,021,793 | | | | | | 15.9 | | | | | | 43.0 | | |
ZX INTERNATIONAL LTD(1)
|
| | | | — | | | | | | 161,396,567 | | | | | | 161,396,567 | | | | | | 7.8 | | | | | | 21.1 | | |
方德得體國際有限公司及其附屬公司(4)
|
| | | | 138,698,218 | | | | | | — | | | | | | 138,698,218 | | | | | | 6.7 | | | | | | 1.8 | | |
天域網絡國際有限公司(5)
|
| | | | — | | | | | | 129,519,698 | | | | | | 129,519,698 | | | | | | 6.3 | | | | | | 16.9 | | |
Greyhound Investment Ltd.(6)
|
| | | | 109,375,012 | | | | | | — | | | | | | 109,375,012 | | | | | | 5.3 | | | | | | 1.4 | | |