BingEx Limited (FLX)

Nasdaq: FLX · Trucking & Courier Services (No Air) · Beijing, CN · filing with the SEC since 2021

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Grade4.5

◀ Past 3.5● Present 5.0▶ Future 4.8

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of BingEx Limited

Nine metrics read from its own filings, by tense

Headline grade

4.5/10

◀ Past3.530% of the headline

● Present5.040% of the headline

▶ Future4.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.5/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

6.3/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 33% of this tense · 63rd percentile among 8 sector filers · read for itself

From the record

BingEx Limited's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

1.6/10

What has it actually done, year after year?

-0.1% a year over 4 filed years; profitable in 2 of 4.

weight 45% of this tense · 16th percentile among 7 sector filers · read for its customers

From the record

BingEx Limited's 4 filed years say what it did: revenue went from CNY 4.0 billion in fiscal 2022 to CNY 4.0 billion in fiscal 2025, down 0.1% a year; it rose in 1 of 3 years; the deepest fall was 12% from fiscal 2023 to fiscal 2025; net income was positive in 2 of 4 of those years (its annual reports).

What it rests on

revenue growth over the filed span-0.1%bottom 21% of its family
the share of years revenue rosebottom 14% of its family
the share of filed years with a profitbottom 7% of its family
the deepest fall from a revenue peak11.9%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

3.3/10

How has it treated the people who own it?

Share count grew 42.5% a year. 37% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 33rd percentile among 5 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, BingEx Limited's diluted share count grew about 42.5% a year, and dividends and buybacks returned about 37% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearsbottom 8% of its family
cash returned against operating cash flowtop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

5.3/10

Is it financially healthy right now?

ROE 13%: 13¢ of profit per shareholder dollar. Leverage 35%: owes 35¢ per asset dollar.

weight 33% of this tense · 53rd percentile among 8 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, BingEx Limited earned about 13 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 36 cents per dollar of everything the company owns. Leverage: it owed about 35 cents per dollar of assets, and net share issuance: its share count grew 101.1% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 44% of its family
return on equitytop 44% of its family
gross profit against assetstop 8% of its family
the share count against the year beforebottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.7/10

How strong is its position in its industry?

bottom 47% of 8 in its family; net margin 2.7%.

weight 45% of this tense · 47th percentile among 8 sector filers · read for its customers

From the record

BingEx Limited's standing among 8 graded names in its industry family: revenue of CNY 4.0 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 2.7% ranks in the bottom 44%; revenue growth of -0.1% a year over the last 3 filed years ranks in the top 50% (its annual reports).

What it rests on

net margin2.7%bottom 44% of its family
three-year revenue growth-0.1%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 22% of this tense · 50th percentile among 3816 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: universe median, 3816 readings behind it.
Confidence: 15 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: BingEx Limited's leadership is put at 5.0 of 10 with a confidence of 15 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.8/10

How much room does it have to grow?

top 42% of 8 in its family for room to expand.

weight 22% of this tense · 58th percentile among 8 sector filers · read for itself

From the record

BingEx Limited's room to grow, from the newest filed statements (fiscal 2025): cash of CNY 561 million against no long-term debt tagged leaves 43.6% of its assets as net cash, top 6% of its family; cash from operations less capital spending is 2.5% of revenue (top 44%); a gross margin of 11.8% (top 42%); research spending of 2.1% of revenue (bottom 25%) (its annual report).

What it rests on

cash less debt against assets43.6%top 6% of its family
cash from operations less capital spending against revenue2.5%top 44% of its family
gross margin11.8%top 42% of its family
research spending against revenue2.1%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

3.2/10

What could actually drive growth from here?

bottom 32% of 7 in its family for growth drivers.

weight 45% of this tense · 32nd percentile among 7 sector filers · read for its customers

From the record

BingEx Limited's growth drivers, from the filed years to fiscal 2025: revenue grew -0.1% a year over the last three filed years against -0.1% over all 4, speeding up (top 36% of its family); the newest year grew -10.7% (bottom 7%); research spending grew -10.7% a year (top 50%); capital spending grew -66.3% a year (bottom 7%) (its annual reports). BingEx Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yeartop 36% of its family
the newest year's revenue growth-10.7%bottom 7% of its family
three-year growth of research spending-10.7%top 50% of its family
three-year growth of capital spending-66.3%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.4/10

Did its newest year beat what its own record pointed to?

top 36% of 6 in its family for expectations against reality.

weight 33% of this tense · 64th percentile among 6 sector filers · read for its shareholders

From the record

BingEx Limited's newest year against its own record: revenue of CNY 4.0 billion in fiscal 2025 came in 15.4% below the CNY 4.7 billion its prior three years' pace pointed to (bottom 8% of its family); net income of CNY 109 million against a prior three-year average of CNY 72 million (top 8%); a net margin of 2.7% against -1.8% before (top 8%) (its annual reports).

What it rests on

revenue against the prior three years' pace-15.4%bottom 8% of its family
net income against the prior three years' average+252%top 8% of its family
net margin against its prior average+4.5 pointstop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FLX · research, not advice