BingEx Ltd. (FLX), an Air Freight & Logistics industrial company, on Wednesday announced that fourth quarter net loss widened from the last year.
In the fourth quarter, net loss was RMB 296.82 million, or $40.66 million, wider than loss of RMB 3.90 million last year.
Loss per share also widened to RMB 1.49, or $0.20, from RMB 0.05 in the previous year.
Loss from operations incurred RMB 152.72 million, $20.92 million compared with the income of RMB 12.42 million in the last year.
On an adjusted basis, net income declined to RMB 20.07 million, or $2.75 million from RMB 33.48 million in the previous year.
Adjusted income from operations also decreased to RMB 7.31 million, or $1 million from RMB 12.42 million in the prior year.
Revenue declined to RMB 1.03 billion, or $140.96 million from RMB 1.21 billion in the prior year.
On March 11, 2025, the Company's board approved a plan to buy back its shares. The Company can repurchase up to $30 million worth of shares, including American depositary shares, from March 12 to March 31, 2026.
Tuesday, BingEx had closed 2,52% lesser at $8.70 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.