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BingEx Ltd. ADR ( (FLX) ) has issued an update.
BingEx Limited announced its financial results for the fourth quarter and fiscal year 2024, showing a decrease in revenues but an improvement in gross profit margin. Despite a net loss of RMB294.0 million in Q4 and RMB146.5 million for the year, the company achieved a 24.3% increase in gross profit year-over-year, driven by operational efficiency and brand recognition. The company fulfilled 277.2 million orders in 2024, marking a 2.4% increase from the previous year, and plans to continue leveraging its courier model and technology to sustain growth.
More about BingEx Ltd. ADR
BingEx Limited, branded as FlashEx, is a leading on-demand dedicated courier service provider in China. The company focuses on providing efficient delivery services across 295 cities, supported by a network of 2.8 million registered riders and 100.1 million users.
YTD Price Performance: 4.88%
Average Trading Volume: 13,645
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $618.2M
For a thorough assessment of FLX stock, go to TipRanks’ Stock Analysis page.
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