BingEx Q4 FY2025 operating expenses fell 58.9% to RMB105.03 million

Reuters03-17

BingEx Q4 FY2025 operating expenses fell 58.9% to RMB105.03 million

BingEx published an earnings release reporting unaudited results for Q4 and FY 2025. Q4 revenue was CNY 1.00 billion, down 2.68%, which the company attributed to lower order volume amid intensified market competition. Q4 gross profit was CNY 107.93 million, up 4.87%, and gross margin was 10.8%, up 0.8 percentage points. FY 2025 revenue was CNY 3.99 billion, down 10.65%, and net income was CNY 109.43 million. Founder and CEO Adam Xue said the company is increasing the use of AI across customer service, operations and product development, and is exploring low-altitude delivery including drone-enabled logistics.

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