BingEx (FLX) Q4 2025 Earnings Transcript

BingEx reported flat Q4 2025 revenue of RMB 1 billion but achieved strong profitability improvements with non-GAAP net income surging 107% year-over-year to RMB 41.6 million. The company improved gross margins to 10.8% through operational refinement and strategic focus on high-value delivery segments like electronics (up 17% YoY) and cake delivery (up 5% YoY). BingEx expanded its network to 298 cities with 31 million riders and launched drone delivery pilots in Hangzhou with over 2,000 orders completed, while deploying AI across operations to boost development efficiency by 30%.