Q4 2025 BingEx Ltd Earnings Call Transcript
Key Points
- BingEx Ltd (FLX) expanded its service network to 298 cities across China, with 31 million registered riders and 120 million registered users, providing a solid foundation for service enhancement.
- The company reported a significant increase in adjusted net profit by 107.1% year over year to RMB41.6 million in the fourth quarter.
- BingEx Ltd (FLX) achieved non-GAAP net income profitability for the third consecutive year, with a healthy upward trend in non-GAAP net margin.
- The company is actively exploring innovative delivery methods, such as a city-level drone delivery network, which has completed over 2000 orders since its pilot inception.
- AI deployment across customer services, operations, and R&D improved operational efficiency, reducing costs and enhancing service quality.
- Total revenues for the full year 2025 decreased to RMB4 billion from RMB4.5 billion in 2024, reflecting lower order volumes amid intensified market competition.
- The company's revenues for the fourth quarter remained flat compared with the same period of 2024, indicating challenges in revenue growth.
- Despite operational improvements, the cost of revenues decreased by 11.4% year over year, aligning with the decline in revenues.
- The company faces intense competition in the on-demand delivery industry, which may impact future growth and profitability.
- BingEx Ltd (FLX) is still in the commercial validation stage for its drone delivery network, indicating that full-scale deployment and profitability from this initiative are yet to be realized.
Good day and welcome to BingEX fourth quarter and full year 2025 financial results conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to [Yi Tan Fu] from [Prasante] Financial Communications. Please go ahead.
Thank you, operator. During this call, we'll discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. Actual events or results could differ materially from those mentioned in today's news release and in this discussion due to a number of risks and uncertainties, including those mentioned in our most recent fighting with the ICC.
The non-GAAP financial measures we provided for comparison purpose only. The definition of those measures and a reconciliation table are available in the news release we issued earlier today.
As a reminder, this conference is being recorded. In addition, a webcast replay of this conference call will be available on the BingEX Company's IR website at
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
