BingEx (FLX) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, June 2, 2026 astatine 12:40 PM CDT 14 min read

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Date

March 17, 2026 8 a.m. ET

Call participants

• Chief Executive Officer — Peng Xue

• Chief Financial Officer — Le Tang

• Head of Investor Relations — Helen Wu

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Full Conference Call Transcript

Peng Xue: Thank you. Hello, everyone. This is Adam. Thank you for joining FlashEx 4th fourth and afloat twelvemonth 2025 net league call. 2025 was different twelvemonth of maturation for on-demand retail and section manner services. In the past, the manufacture chiefly focused connected fulfillment speed. Today, users spot greater accent connected delivery, information and the wide work experience. This displacement plays straight to FlashEx's spot arsenic our on-demand dedicated courier exemplary is uniquely positioned for high-quality personalized fulfillment. Through continued operational refinement, we person further improved our work prime enabling our level to support robust resilience successful a highly competitory marketplace environment.

As of the extremity of 2025, FlashEx work web has expanded to 298 cities crossed China with 31 cardinal registered riders and 120 cardinal registered users connected the platform. The continued enlargement of our work web and idiosyncratic basal has provided a coagulated instauration for further enhancing our work capabilities and idiosyncratic experience. We firmly judge that successful an on-demand transportation industry, a differentiated work acquisition is our halfway competitory advantage, and it volition proceed to service arsenic a cardinal operator of our semipermanent growth. From a fiscal perspective, successful the 4th quarter, the institution reported full gross of RMB 1 cardinal with a gross borderline of 10.8%. Adjusted nett net accrued by 107.1% year-over-year to RMB 41.6 million.

For the afloat twelvemonth of 2025, full gross reached RMB 4 cardinal with a gross borderline of 11.8% and adjusted nett net was astir RMB 200 million. As of the extremity of 2025, the institution held RMB 951.6 cardinal successful currency and currency equivalents. Overall, supported by continued optimization of our bid premix and much refined subsidy strategies, our profitability continued to amended steadily. In the 4th quarter, we continued to execute our strategy centered connected refined operations with a absorption connected optimizing our bid premix and work prime done much targeted lawsuit acquisition and smarter capableness allocation we enhanced the work acquisition for high-value orders portion further improving wide fulfillment efficiency.

As this inaugural continues to instrumentality effect, our bid premix has been steadily improving, supporting healthier maturation and stronger idiosyncratic engagement. From an bid premix perspective, the stock of mid- to high-value transportation orders has been steadily expanding arsenic much high-quality merchants follow FlashEx arsenic reliable fulfillment transmission orders with precocious requirements for delivery, velocity and work prime person continued to grow, leveraging FlashEx established work capabilities. In the 4th fourth of 2025demand for electronics transportation was peculiarly beardown with bid measurement expanding by 17% year-over-year. This class typically carries a higher mean bid value, reinforcing our differentiated position, positioning successful high-quality transportation services and supporting the platforms gross margin.