Earnings ·
BingEx Limited reported unaudited financial results for the second quarter ended June 30, 2026
FLXBingEx Ltd
BingEx Limited reported unaudited financial results for the second quarter ended June 30, 2026. Revenues declined to RMB940.3 million (US$138.6 million) from RMB1,024.6 million in the prior year period due to intensifying market competition. The company reported a net loss of RMB34.0 million compared to net income of RMB53.5 million previously. Gross profit fell to RMB95.5 million with a margin of 10.2%. Non-GAAP net income was RMB11.4 million, down from RMB45.6 million. The company repurchased approximately 3.9 million ADSs for US$11.8 million as part of an authorized program extending to April 1, 2027. BingEx Limited operates in the on-demand dedicated courier and logistics industry in China under the FlashEx brand.