FlashEx Posts RMB3.99 Billion 2025 Revenue, Achieves RMB109.4 Million Net Profit
BingEx Limited reported Q4 2025 revenue of RMB1,001.3 million (US$143.2 million), down 2.7% year-over-year, and full-year revenue of RMB3,992.1 million (US$570.9 million), down 10.7%. The company swung to Q4 net income of RMB22.5 million (US$3.2 million) and full-year net income of RMB109.4 million (US$15.6 million) from losses in 2024.
1. Revenue Performance
BingEx Limited recorded Q4 revenue of RMB1,001.3 million (US$143.2 million), a 2.7% decrease from RMB1,028.9 million in Q4 2024. Full-year 2025 revenue totaled RMB3,992.1 million (US$570.9 million), 10.7% lower than RMB4,468.2 million in 2024.
2. Profitability Turnaround
Gross profit rose to RMB107.9 million in Q4 2025 with a 10.8% margin, up from RMB102.9 million and 10.0% a year earlier. The company swung to Q4 net income of RMB22.5 million from a RMB294.0 million loss and delivered full-year net income of RMB109.4 million versus a RMB146.5 million loss in 2024.
3. Order Volume
Total orders fulfilled reached 63.2 million in Q4 and 249.2 million for the full year, reflecting sustained demand for on-demand dedicated courier services across China.
4. Outlook and AI Strategy
Management will continue strengthening its core on-demand courier business while accelerating AI integration in intelligent dispatching, service management, and user interaction to drive efficiency and growth in 2026.