Q2 2026 BingEx Ltd Earnings Call Transcript
Key Points
- Total order volume grew 8.9% quarter-over-quarter, with average delivery time improving to 25.3 minutes.
- Registered Flash-Riders reached 3.23 million and service coverage expanded to 299 cities, with registered users up to 124 million.
- Newly signed merchants grew 18% quarter-over-quarter, with enterprise client signings up 53.1%.
- Drone delivery order volume surged 169.3% quarter-over-quarter, with 22 routes in operation, including a commercial cross-river route in Hangzhou.
- AI integration improved operating efficiency by roughly 30% in customer service, marketing, and regional operations.
- Total revenue decreased to RMB940.3 million from RMB1,024.6 million year-over-year, due to intensifying marketing competition.
- Gross profit margin declined to 10.2% from 12% in the prior year quarter.
- Non-GAAP net income fell to RMB11.4 million from RMB45.6 million year-over-year.
- Net loss was RMB34 million, impacted by RMB41.7 million in losses from changes in fair value of long-term investments.
- Operating expenses decreased but income from operations dropped to RMB7.3 million from RMB19.3 million year-over-year.
Good day, and welcome to BingEx 2026 second 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.
Thank you, operator. During this call, we will 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 filings with SEC. The non-GAAP financial measures we provide for comparison purpose only.
The definition of these 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 website at
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