Q1 2026 BingEx Ltd Earnings Call Transcript
Key Points
- BingEx Ltd (FLX) achieved a significant milestone by entering the low-altitude logistics sector, with drone delivery order volume growing 157% quarter-over-quarter.
- The company fulfilled 57.9 million orders in the first quarter, demonstrating resilience in a competitive market.
- Average delivery time improved to 25.7 minutes, enhancing user experience and service efficiency.
- BingEx Ltd (FLX) maintained a healthy financial position with cash and cash equivalents totaling RMB859.1 million.
- The company successfully integrated AI into its operations, improving organizational efficiency and reducing costs.
- Total revenues for the first quarter decreased to RMB935.3 million from RMB960.8 million in the same period of 2025, primarily due to intensifying market competition.
- Gross profit margin declined to 11.3% from 13.2% in the same period of 2025.
- Non-GAAP net loss was RMB11.1 million compared to non-GAAP net income of RMB49.6 million in the same period of 2025.
- The company faces challenges from a dynamic market environment and intensifying industry competition.
- Despite improvements, the year-over-year decline in revenue indicates potential difficulties in maintaining growth momentum.
Good day, and welcome to BingEx 2026 first-quarter financial results conference call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Helen Wu from Piacente 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 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 filings with the SEC.
The non-GAAP financial measures we provide are for comparison purpose only. The definition of those measures and the 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
| 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
