BingEx Ltd
BingEx Ltd operates in the courier, postal, air freight, and land-based logistics industry, providing transportation services to clients, primarily generating revenue through freight and logistics operations.
Business. BingEx Ltd (FLX.O) is a transportation company operating within the courier, postal, air freight, and land-based logistics industry. The firm generates service revenue through its logistics activities, with key performance indicators including parcel volumes, yield per package, and fleet load factors. Specific details regarding the company's operating segments, headquarters location, and primary listing exchange are not provided in the available data.
At a glance
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
BingEx Ltd (FLX.O) is a transportation company operating within the courier, postal, air freight, and land-based logistics industry. The firm generates service revenue through its logistics activities, with key performance indicators including parcel volumes, yield per package, and fleet load factors. Specific details regarding the company's operating segments, headquarters location, and primary listing exchange are not provided in the available data.
BingEx Ltd maintains a strong liquidity position, with cash and equivalents amounting to CNY 653.14 million, representing 67.8% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, with a current ratio of 1.51 and no long-term debt, indicating a low liquidity risk. However, the operating cash flow is negative at CNY -35.93 million, suggesting potential short-term cash flow challenges.
Profitability metrics show a return on equity (ROE) of 17.6% and a return on assets (ROA) of 6.7%, both above the industry median for courier and logistics firms. The net income of CNY 64.57 million and operating income of CNY 38.43 million indicate a healthy margin profile, although gross profit of CNY 130.33 million is relatively low compared to revenue of CNY 1.11 billion.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification may expose BingEx Ltd to regional economic or regulatory risks. No specific geographic revenue breakdown is available in the provided data.
Looking ahead, BingEx Ltd is projected to maintain a stable revenue trajectory, with no significant growth or decline expected in the next fiscal year. The company's capital expenditure is currently zero, and no capex plans are disclosed, suggesting a focus on operational efficiency rather than expansion.
Risk factors for BingEx Ltd are minimal, with low liquidity and dilution risk scores. The company has no immediate filing-based liquidity or dilution flags, and the debt-to-equity ratio is zero, indicating a conservative capital structure. No dilution sources were identified in the risk assessment.
Recent filings and transcripts do not indicate any material events or strategic shifts for BingEx Ltd. The company's financial performance and risk profile remain stable, with no significant changes in the near term.
- BingEx Ltd has a strong liquidity position with no long-term debt and a current ratio of 1.51.
- The company's ROE of 17.6% and ROA of 6.7% are above industry medians, indicating strong profitability.
- Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
- No immediate liquidity or dilution risks are identified, and the company has a conservative capital structure.
- BingEx Ltd is projected to maintain a stable revenue trajectory with no significant growth or decline expected.
Bull / Bear case
Generated · model-assistedThe company maintains a zero long-term debt balance, resulting in a debt-to-equity ratio of zero.
Free cash flow turned positive to 111 million CNY, reversing a negative trend from the prior year.
Operating income surged 279.6% year-over-year to 46.3 million CNY, demonstrating significant operational leverage.
Operating margin of 3.5% falls below the 4.8% cohort median, suggesting lower operational efficiency than peers.
Gross profit decreased to 469 million CNY, down from 491 million CNY in the previous fiscal year.
The company reported net losses in three of the last five fiscal years, showing earnings volatility.
In focus — financials by report
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
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Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Chief Financial Officer · Restricted Share Units → Class A ordinary sharesDisposed 62 500exercise · 2026-05-22
- Director, Executive President · Restricted Share Units → Class A ordinary sharesDisposed 125 000exercise · 2026-05-22
- Director, Executive President · Restricted Share Units → Class A ordinary sharesDisposed 125 000exercise · 2026-03-19
- Chief Financial Officer · Restricted Share Units → Class A ordinary sharesDisposed 62 500exercise · 2026-03-19
Actions
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- Market data
- Market data cache
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- ESG data
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- BingEx Ltd Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- Director, Executive President · Class A ordinary sharesOther 20 @ $0,75$15 · 2026-05-22
- Chief Financial Officer · Class A ordinary sharesOther 62 500 · 2026-05-22
- Chief Financial Officer · Class A ordinary sharesOther 16 @ $0,75$12 · 2026-05-22
- Director, Executive President · Class A ordinary sharesOther 125 000 · 2026-05-22
- Chief Financial Officer · Class A ordinary sharesOther 62 500 · 2026-03-19
- Director, Executive President · Class A ordinary sharesOther 125 000 · 2026-03-19
- Director, Executive President · Class A ordinary sharesOther 17 @ $0,86$15 · 2026-03-19
- Chief Financial Officer · Class A ordinary sharesOther 13 @ $0,86$11 · 2026-03-19
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 16.7%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -6.7%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): -38.7%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 4,620.3%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 0.54xDerived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -3.2%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -0.2%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -87.8%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -7.6%Derived (calculated)
- Net margin (FY 2025-12-31): 2.7%Derived (calculated)
- Gross margin (FY 2025-12-31): 11.8%Derived (calculated)
- Return on equity (FY 2025-12-31): 13.1%Derived (calculated)
- Return on assets (FY 2025-12-31): 8.5%Derived (calculated)
- Current ratio (FY 2025-12-31): 2.35xDerived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 178.0%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 8.9%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -1.1%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 287.5%Derived (calculated)
- Total liabilities (annual): USD 64.78MSEC XBRL filing
- Capex (annual): USD 19KSEC XBRL filing
- Cash & equivalents (annual): USD 80.24MSEC XBRL filing
- Cost of revenue (annual): USD 503.78MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 0SEC XBRL filing
- Revenue (annual): USD 570.86MSEC XBRL filing