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BingEx Ltd
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue88¢$503.8M
- Research and development2¢$12.1M
- Other costs7¢$39.3M
- Income tax0¢$40.0K
- Profit3¢$15.6M
Out of $570.9M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending0¢$19.0K
- Share buybacks55¢$7.8M
- Kept or used elsewhere45¢$6.3M
Out of $14.2M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | 4.0B CNY | 4.5B CNY | 4.5B CNY |
| Cost of revenues | -3.5B CNY | -4.0B CNY | -4.1B CNY |
| Gross Profit | 469.1M CNY | 490.6M CNY | 394.6M CNY |
| Selling and marketing expenses | -192.4M CNY | -223.9M CNY | -188.2M CNY |
| General and administrative expenses | -145.9M CNY | -148.5M CNY | -104.8M CNY |
| Research and development expenses | -84.5M CNY | -143.9M CNY | -90.8M CNY |
| Total operating expenses | -422.8M CNY | -516.3M CNY | -383.9M CNY |
| Income (loss) from operations | 46.3M CNY | -25.8M CNY | 10.6M CNY |
| Interest income | 14.3M CNY | 21.2M CNY | 20.9M CNY |
| Changes in fair value of long-term investments | -43.5M CNY | -187.7M CNY | |
| Investment income | 79.0M CNY | 4.2M CNY | 4.6M CNY |
| Other income | 13.6M CNY | 41.7M CNY | 74.3M CNY |
| Income (loss) before income taxes | 109.7M CNY | -146.4M CNY | 110.5M CNY |
| Income tax expense | -277.0K CNY | -69.0K CNY | |
| Net income (loss) | 109.4M CNY | -146.5M CNY | 110.5M CNY |
| Accretion of redeemable convertible preferred shares to redemption value | -113.7M CNY | -146.3M CNY | |
| Net income (loss) attributable to ordinary shareholders | 109.4M CNY | -260.1M CNY | -35.8M CNY |
| Net income (loss) per ordinary share - Basic | 0.53 CNY | -2.51 CNY | -0.50 CNY |
| Net income (loss) per ordinary share - Diluted | 0.52 CNY | -2.51 CNY | -0.50 CNY |
| Weighted average number of shares outstanding used in computing net income (loss) per ordinary share - Basic | 207.1M shares | 103.7M shares | 72.0M shares |
| Weighted average number of shares outstanding used in computing net income (loss) per ordinary share - Diluted | 208.6M shares | 103.7M shares | 72.0M shares |
| Foreign currency translation adjustment, net of nil income taxes | -13.6M CNY | 34.0M CNY | -41.0M CNY |
| Comprehensive income (loss) | 95.8M CNY | -112.5M CNY | 69.5M CNY |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|
| Cash and cash equivalents | 561.1M CNY | 592.4M CNY | |
| Restricted cash | 91.0K CNY | 46.7M CNY | |
| Short-term investments | 390.4M CNY | 153.9M CNY | |
| Accounts receivable | 36.7M CNY | 16.9M CNY | |
| Prepayments and other current assets | 45.7M CNY | 48.6M CNY | |
| Total current assets | 1.0B CNY | 858.4M CNY | |
| Long term investment | 224.4M CNY | 324.1M CNY | |
| Property and equipment, net | 1.9M CNY | 3.7M CNY | |
| Operating lease right-of-use assets | 25.1M CNY | 44.6M CNY | |
| Other non-current assets | 3.1M CNY | 4.6M CNY | |
| Total non-current assets | 254.5M CNY | 377.0M CNY | |
| Total assets | 1.3B CNY | 1.2B CNY | |
| Accounts payable (including accounts payable of VIE without recourse to the Company of RMB76,972 and RMB108,553 as of December 31, 2023 and 2024, respectively) | 224.1M CNY | 223.4M CNY | |
| Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of VIE without recourse to the Company of RMB61,542 and RMB30,035 as of December 31, 2023 and 2024, respectively) | 145.8M CNY | 165.7M CNY | |
| Total current liabilities | 440.1M CNY | 459.0M CNY | |
| Operating lease liabilities, non-current (including operating lease liabilities, non-current of VIE without recourse to the Company of RMB45,040 and RMB29,395 of December 31, 2023 and 2024, respectively) | 12.9M CNY | 29.4M CNY | |
| Total non-current liabilities | 12.9M CNY | 29.4M CNY | |
| Total liabilities | 453.0M CNY | 488.4M CNY | |
| Treasury stock | -54.8M CNY | ||
| Additional paid-in capital | 3.5B CNY | 3.4B CNY | |
| Accumulated other comprehensive loss | -105.8M CNY | -92.1M CNY | |
| Accumulated deficit | -2.5B CNY | -2.6B CNY | |
| Total shareholders' equity (deficit) | 835.4M CNY | 747.1M CNY | |
| Total liabilities, mezzanine equity and shareholders' equity | 1.3B CNY | 1.2B CNY | |
| Deferred revenue | 60.5M CNY | 56.8M CNY | |
| Operating lease liabilities, current | 9.7M CNY | 13.1M CNY | |
| Ordinary shares , par value | $0.00 | ||
| Ordinary shares, shares authorized | 2.0B shares | ||
| Treasuy stock, par value | $0 | $0 | |
| Treasury stock, common shares | 7.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | 109.4M CNY | -146.5M CNY | 110.5M CNY |
| Depreciation | 1.8M CNY | 3.0M CNY | 4.9M CNY |
| Changes in fair value of long-term investments | 43.5M CNY | 187.7M CNY | |
| Investment income | -79.0M CNY | -4.2M CNY | -4.6M CNY |
| Gain on disposal of property and equipment | 10.0K CNY | -38.0K CNY | -75.0K CNY |
| Reduction in the carrying amount of right-of-use assets | 12.1M CNY | 13.3M CNY | 12.5M CNY |
| Share-based compensation expenses | 46.4M CNY | 160.0M CNY | |
| Foreign currency exchange gain | 3.2M CNY | -62.0K CNY | -26.0K CNY |
| Accounts receivable | -19.8M CNY | -4.8M CNY | 660.0K CNY |
| Prepayments and other current assets | 2.2M CNY | 4.0M CNY | -5.6M CNY |
| Other non-current assets | 1.5M CNY | 350.0K CNY | -4.4M CNY |
| Accounts payable | 699.0K CNY | -116.4M CNY | -16.3M CNY |
| Deferred revenue | 3.8M CNY | 4.8M CNY | 12.9M CNY |
| Accrued expenses and other current liabilities | -14.4M CNY | -85.7M CNY | -51.8M CNY |
| Operating leases | -12.5M CNY | -13.3M CNY | -12.9M CNY |
| Net cash provided by (used in) operating activities | 99.0M CNY | 2.2M CNY | 45.7M CNY |
| Proceeds from maturities of investments | 1.0B CNY | 612.9M CNY | 728.7M CNY |
| Purchase of investments | -1.1B CNY | -1.1B CNY | -735.0M CNY |
| Proceeds from maturity of term deposit | 36.2M CNY | ||
| Purchase of term deposit | -918.0K CNY | ||
| Proceeds from disposal of property and equipment | 88.0K CNY | 65.0K CNY | 176.0K CNY |
| Purchase of property and equipment | -131.0K CNY | -1.1M CNY | -3.1M CNY |
| Net cash provided by (used in) investing activities | -111.5M CNY | -498.0M CNY | 26.0M CNY |
| Proceeds from the IPO, net of underwriting discounts and commissions | 448.0M CNY | ||
| Payments of listing expenses relating to the IPO | -5.3M CNY | -14.5M CNY | -359.0K CNY |
| Repurchase of ordinary shares | -54.8M CNY | ||
| Proceeds from exercise of share-based awards | 918.0K CNY | ||
| Net cash provided by (used in) financing activities | -59.2M CNY | 433.5M CNY | -359.0K CNY |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | -6.2M CNY | 2.0M CNY | 5.8M CNY |
| Net increase (decrease) in cash and cash equivalents | -77.9M CNY | -60.3M CNY | 77.2M CNY |
| Income taxes paid | 157.0K CNY | 69.0K CNY | |
| Accrual of IPO cost | 1.7M CNY | 5.2M CNY | |
| Automatic conversion of redeemable convertible preferred shares to Class A ordinary shares upon the IPO | 2.8B CNY |
Recent filings
- Aug 26, 20264
- Aug 26, 20264
- Aug 20, 20266-K
- Jul 9, 2026SCHEDULE 13G/A
- May 26, 20264
- May 26, 20264
- May 21, 20266-K
- May 19, 20266-K
- Apr 24, 202620-F
- Mar 23, 20264
- Mar 23, 20264
- Mar 18, 20263
- Mar 18, 20263
- Mar 18, 20263
- Mar 18, 20263
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBingEx Ltd filings on SEC EDGAR
- 2SEC EDGARBingEx Ltd 10-K for fiscal 2025
- 3SEC EDGARBingEx Ltd filings on SEC EDGAR
- 4SEC EDGARBingEx Ltd 10-K for fiscal 2024