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Recent press releases and 8-K filings for FLX.
FlashEx (FLX) announces Q3 2025 financial results
FLX
Earnings
Share Buyback
Demand Weakening
- FlashEx reported Q3 2025 total revenue of RMB 1,005.4 million and an adjusted net profit of RMB 62.6 million, representing an 8.6% increase year-over-year.
- Despite a year-over-year revenue decline attributed to lower order volumes amid competitive pressures, the company maintained a gross margin of 11.1% and expanded its non-GAAP net margin to 6.2%.
- The company's cash position remained strong at RMB 877.9 million and it repurchased approximately 1.6 million ADS as of November 18, 2025.
- Operational initiatives included a 15% increase in daily delivery volume for new individual user services from the previous quarter and the pilot of a citywide low-altitude logistics delivery solution.
- Management anticipates a continued downward trend in the expense ratio due to sustained revenue growth, improved client structure, and ongoing operational upgrades.
Nov 19, 2025, 12:00 PM
FlashEx (BingEx Limited) Announces Q3 2025 Financial Results
FLX
Earnings
Demand Weakening
New Projects/Investments
- FlashEx (BingEx Limited) reported total revenue of RMB 1,005.4 million for Q3 2025, which was a decline from RMB 1,154.8 million in Q3 2024, primarily due to lower order volumes amid ongoing competitive pressures.
- The company achieved a gross margin of 11.1% and a non-GAAP net income of RMB 62.6 million, representing an 8.6% increase compared to Q3 2023. The non-GAAP net margin expanded to 6.2% from 5% in the same period last year.
- FlashEx maintained a healthy cash position of RMB 877.9 million and saw shareholders' equity grow to RMB 839.3 million as of the end of Q3 2025. Additionally, the company repurchased approximately 1.6 million ADS as of November 18, 2025.
- Operationally, FlashEx expanded service categories and touchpoints, with daily delivery volume for new individual user services growing 15% from the previous quarter. The company is also piloting a citywide low-altitude logistic delivery solution.
Nov 19, 2025, 12:00 PM
FlashEx Reports Q3 2025 Financial Results and Operational Updates
FLX
Earnings
Share Buyback
Demand Weakening
- FlashEx (BingEx Limited) reported Q3 2025 total revenue of RMB 1,005.4 million and a gross margin of 11.1%.
- Non-GAAP net income reached RMB 62.6 million, an 8.6% increase year-over-year compared to Q3 2023, with the non-GAAP net margin expanding to 6.2%.
- The company maintained a healthy cash position of RMB 877.9 million as of the end of Q3 2025 and repurchased approximately 1.6 million ADS as of November 18, 2025.
- FlashEx expanded service categories for individual users, with daily delivery volume for new services growing 15% from Q2, and piloted a citywide low-altitude logistics delivery solution.
- Despite competitive pressures, the company's overall order volume showed strong resilience, and the average selling price (ASP) increased year-over-year in Q3 2025. Management anticipates the expense ratio to trend downward in the medium to long term.
Nov 19, 2025, 12:00 PM
BingEx Limited Announces Third Quarter 2025 Financial Results
FLX
Earnings
Share Buyback
Demand Weakening
- Revenues for the third quarter ended September 30, 2025, were RMB1,005.4 million (US$141.2 million), a decrease from RMB1,154.8 million in the same period of 2024, primarily due to a decline in order volume amid intensified market competition.
- The company reported a net income of RMB43.7 million (US$6.1 million) for Q3 2025, compared to RMB23.8 million in Q3 2024, and Non-GAAP net income of RMB62.6 million (US$8.8 million), up from RMB57.6 million in Q3 2024.
- Net income attributable to ordinary shareholders for Q3 2025 was RMB43.7 million (US$6.1 million), a significant improvement from a net loss of RMB13.4 million in the same period of 2024.
- As of November 18, 2025, BingEx Limited had repurchased approximately 1.6 million ADSs for an aggregate consideration of approximately US$5.4 million under its share repurchase program.
Nov 19, 2025, 11:01 AM
BingEx Launches Urban Drone Network in Hangzhou
FLX
New Projects/Investments
Product Launch
- BingEx Limited (FlashEx) has partnered with Hangzhou city to launch a city-wide low-altitude logistics network, which is currently in a commercial pilot phase.
- The project leverages FlashEx's 11 years of operational expertise and nationwide network to provide efficient solutions for various delivery needs, integrating drones with on-site teams.
- FlashEx aims to establish an initial city-wide low-altitude logistics network in Hangzhou by the end of 2025, with plans to continue investing in technology and expanding its footprint in this emerging logistics segment.
Oct 10, 2025, 3:24 AM
Quarterly earnings call transcripts for BingEx.
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