BingEx Inc., operating as FlashEx, reported a decline in revenue and profitability for Q1 2026. Revenue fell 2.7% year-over-year to RMB 935.3 million, while gross profit dropped 16.5% to RMB 105.8 million. The stock declined 2.06% in premarket trading.
Despite challenges, the company improved its operating margin through cost management and AI-driven efficiencies. Intensified competition in on-demand delivery impacted revenue growth.
The stock is trading near its 52-week low. BingEx projects FY2026 EPS of 0.42 USD and FY2027 EPS of 0.5 USD.
Management highlighted strategic partnerships and investments in low-altitude logistics as growth drivers.
