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④ 闪 送 ® R BingEx Limited Announces Second Quarter 2026 Financial Results 2026-08-20 BEIJING , Aug. 20 , 2026 ( GLOBE NEWSWIRE ) -- BingEx Limited ( the " Company " ) ( Nasdaq : FLX ) , a leading on - demand dedicated courier service provider in China ( branded as " FlashEx " ) , today announced its unaudited financial results for the second quarter ended June 30 , 2026 . Second Quarter 2026 Highlights : • Revenues were RMB940.3 million ( US $ 138.6 million ) in the second quarter of 2026 , compared with RMB1,024.6 million in the same period of 2025 . • Gross profit was RMB95.5 million ( US $ 14.1 million ) in the second quarter of 2026 , compared with RMB122.7 million in the same period of 2025 . • Income from operations was RMB7.3 million ( US $ 1.1 million ) in the second quarter of 2026 , compared with RMB19.3 million in the same period of 2025 . • Non - GAAP income from operations¹ was RMB10.8 million ( US $ 1.6 million ) in the second quarter of 2026 , compared with RMB31.9 million in the same period of 2025 . • Net loss was RMB34.0 million ( US $ 5.0 million ) in the second quarter of 2026 , compared with net income of RMB53.5 million in the same period of 2025 . • Non - GAAP net income¹ was RMB11.4 million ( US $ 1.7 million ) in the second quarter of 2026 , compared with RMB45.6 million in the same period of 2025 . • The number of orders fulfilled was 63.1 million in the second quarter of 2026 . Mr. Adam Xue , Founder , Chairman , and Chief Executive Officer of FlashEx , commented , " In the second quarter of 2026 , amid a persistently challenging market environment , we continued to optimize capacity allocation while expanding both our usage scenarios and service offerings . This drove a sequential recovery in our core operating metrics , with service scale and delivery efficiency improving in parallel . The quarter also marked a step forward in how Al is reshaping our business . Externally , we are embedding our fulfillment capability directly into emerging Al ecosystems , extending our reach to the point where user demand originates . Internally , Al has evolved from a set of isolated applications into a systemic capability that underpins the way our organization operates . Together with our low - altitude logistics business moving from pilot routes to multi - route commercial operation , these efforts position FlashEx to deliver sustainable long - term value for all stakeholders . " Mr. Luke Tang , Chief Financial Officer of FlashEx , said , " Our differentiated on - demand dedicated courier model continued to demonstrate resilience as we further refined operations in the second quarter . We closed the quarter with RMB853.4 million in cash and short - term investments and had repurchased approximately 3.9 million ADSS for approximately US $ 11.8 million in aggregate as of August 19 , 2026. As Al becomes increasingly embedded across the organization , we are confident it will support a structural improvement in our operating expense ratio over the long term . " Second Quarter 2026 Financial Results Revenues were RMB940.3 million ( US $ 138.6 million ) in the second quarter of 2026 , compared with RMB1,024.6 million in the same period of 2025. The decrease was primarily driven by intensifying market competition . Cost of revenues was RMB844.7 million ( US $ 124.5 million ) , compared with RMB901.9 million in the same period of 2025. The decrease was in line with the decline in revenues . Gross profit was RMB95.5 million ( US $ 14.1 million ) , compared with RMB122.7 million in the same period of 2025. Gross profit margin was 10.2 % , compared with 12.0 % in the same period of 2025 . Total operating expenses were RMB88.3 million ( US $ 13.0 million ) , representing a decrease of 14.6 % from RMB103.4 million in the same period of 2025 . Selling and marketing expenses were RMB36.6 million ( US $ 5.4 million ) , representing a decrease of 24.0 % from RMB48.2 million in the same period of 2025. The decrease was primarily attributable to the reduction in advertising expenses , staff costs and share - based payment expenses . General and administrative expenses were relatively stable at RMB37.9 million ( US $ 5.6 million ) , compared with RMB36.0 million in the same period of 2025 . Research and development expenses were RMB13.7 million ( US $ 2.0 million ) , representing a decrease of 28.6 % from RMB19.2 million in the same period of 2025. The decrease was primarily attributable to the reduction in share - based payment expenses and