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BingEx (FLX) investor relations material
BingEx Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for Q2 2025 was RMB 1.02 billion (US$143.0 million), down from RMB 1.18 billion year-over-year due to lower order volume amid intensified competition.
Net income was RMB 53.5 million (US$7.5 million), compared to RMB 59.1 million in Q2 2024.
Net income attributable to ordinary shareholders rose to RMB 53.5 million from RMB 22.3 million year-over-year.
64.8 million orders were fulfilled in Q2 2025, with 123 million orders in the first half of 2025.
Management focused on operational excellence, service quality, personalized offerings, and expanding enterprise partnerships.
Financial highlights
Gross profit margin improved to 12% for Q2 2025, up from 10.8% year-over-year.
Adjusted net profit reached $45.6 million, compared to $59.1 million in Q2 2024.
Non-GAAP income from operations was RMB 31.9 million for Q2 2025.
Cash, cash equivalents, restricted cash, and short-term investments totaled RMB 827.8 million at quarter end.
Cost of revenues decreased by 14.1% to RMB 901.9 million, reflecting improved operating efficiency.
Outlook and guidance
Optimistic about a recovery in order volume for the remainder of 2025 as competition stabilizes.
Plans to expand the delivery team and service coverage, focusing on operational efficiency and user engagement.
Committed to sustainable, long-term growth through refined management and innovative brand promotion.
Management expects continued growth opportunities as the on-demand, dedicated courier market expands.
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