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MARKETS / NASDAQ / FLX
NASDAQ · TRUCKING & COURIER SERVICES (NO AIR) · MID CAP

BingEx Ltd. FLX

4 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 4.0B
▼ 10.7% YoY
CNY 109.4M
CNY 98.9M
▲ 9336.6% YoY
In brief

What this company does

BingEx Limited provides on-demand dedicated courier services for individual and business customers, branded as "FlashEx." For each order, it assigns a dedicated Flash-Rider to pick up and deliver the item to the recipient without combining multiple orders or changing hands along the route. As of December 31, 2025, the company had approximately 3.1 million registered riders, called Flash-Riders, with service coverage in 298 cities in China. In the year ended December 31, 2025, it charged an average price per order of RMB16.0. It completed local delivery orders in an average of 29, 27 and 26 minutes in 2023, 2024 and 2025, respectively. As of December 31, 2025, it had 56 customer service representatives, of whom approximately 54% were outsourced personnel and the remainder were its own employees. BingEx Limited is an exempted company incorporated in the Cayman Islands, with its PRC subsidiaries considered foreign-invested enterprises. Its commercial operations began in 2014.

Written from the business description in BingEx Ltd's annual report to the U.S. Securities and Exchange Commission, filed 24 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 4.0B
Revenue, FY2025 · full 4-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 4.0 · Net income 0.1
2B4B2022202320242025
Compound annual growth
−0.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1.2% · Net 2.7%
1%2%-2%-4%2022202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Each CNY of equity produced 14 cents of profit this year.

Cash & shareholders
CNY 53.9M
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF 98.9
40M80M-40M-80M2022202320242025
Net buybacks CNY M Dividends CNY M
FY2025 · Dividends — · Net buybacks 53.9
20M40M2025

CNY 53.9M in buybacks — 49% of the year's profit went back to shareholders.

Total assetsCNY 1.3B
EquityCNY 835.4M
CashCNY 561.1M
Current ratio2.35×

Equity funds 65% of total assets.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022
Revenue CNY B4.04.54.54.0
Operating income CNY B0.0−0.00.0−0.2
EBITDA CNY B0.0−0.00.0−0.2
Income tax CNY B0.00.0··
Net income CNY B0.1−0.10.1−0.2
Free cash flow CNY B0.10.00.0−0.1
EPS, diluted CNY 0.52−2.51−0.50·
Dividend / sh CNY ····
Payout %····
ROE %13.8···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 17 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 78 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTrucking & Courier Services (No Air)
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2022

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