Quarterly ResultApr 26, 2026, 05:21 AM
FLX 2025 Net Income RMB109.4M; Revenue RMB3.99B
AI Summary
BingEx Ltd (FLX) reported its annual financial results for 2025, showing a net income of RMB109.4 million, a significant turnaround from a net loss of RMB146.5 million in 2024. Revenues for 2025 decreased to RMB3.99 billion from RMB4.47 billion in 2024. The company continues to operate primarily through its PRC subsidiaries and a Variable Interest Entity (VIE) structure, which contributed 18.2% of total revenues in 2025. The 20-F filing also details risks associated with its corporate structure and doing business in China.
Key Highlights
- FLX reported 2025 net income of RMB109.4 million, reversing a RMB146.5 million net loss in 2024.
- 2025 revenues decreased to RMB3.99 billion from RMB4.47 billion in 2024.
- Operating income for 2025 was RMB46.3 million, up from an operating loss of RMB25.8 million in 2024.
- The VIE contributed 18.2% of total revenues in 2025, down from 18.5% in 2024.
- The VIE's net liabilities were RMB320.0 million ($45.8 million) as of December 31, 2025.
- No dividends or distributions were made to the Parent by subsidiaries or the VIE from 2023-2025.
- The WFOE and VIE were in accumulated loss positions as of December 31, 2025.