BingEx (FLX) Q4 2025 Earnings Transcript
Key takeaways
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- Thank you for joining Flash Ex fourth quarter and full year 2025 earnings conference call. 2025 was another year of growth for on-demand retail and local lifestyle services.
- As of the end of 2025, FlashEx service network has expanded to 298 cities across China with 31 million registered riders and 120 million registered users on the platform.
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Peng Xue: Thank you. Hello, everyone. This is Adam. Thank you for joining Flash Ex fourth quarter and full year 2025 earnings conference call. 2025 was another year of growth for on-demand retail and local lifestyle services. In the past, the industry mainly focused on fulfillment speed. Today, users place greater emphasis on delivery, safety and the overall service experience. This shift plays directly to Flash Ex s strength as our on-demand dedicated courier model is uniquely positioned for high-quality personalized fulfillment. Through continued operational refinement, we have further improved our service quality enabling our platform to maintain robust resilience in a highly competitive market environment.
As of the end of 2025, FlashEx service network has expanded to 298 cities across China with 31 million registered riders and 120 million registered users on the platform. The continued expansion of our service network and user base has provided a solid foundation for further enhancing our service capabilities and user experience. We firmly believe that in an on-demand delivery industry, a differentiated service experience is our core competitive advantage, and it will continue to serve as a key driver of our long-term growth. From a financial perspective, in the fourth quarter, the company reported total revenue of RMB 1 billion with a gross margin of 10.8%. Adjusted net profit increased by 107.1% year-over-year to RMB 41.6 million.