Welcome to our dedicated page for BingEx SEC filings (Ticker: FLX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
BingEx Limited's SEC filings document the company's status as a foreign private issuer and its FlashEx on-demand dedicated courier operations in China. Form 6-K current reports furnish quarterly and annual financial result releases, including revenue, gross profit, operating income, net income and non-GAAP measures.
The company's annual Form 20-F reporting provides audited consolidated financial statements for shareholders and ADS holders. Its disclosures also track capital-return activity such as ADS repurchases when included in furnished financial reports.
BingEx Ltd Executive President Yu Hongjian reported routine equity compensation activity. On May 22, 2026, 125,000 restricted share units vested, resulting in the acquisition of 125,000 Class A ordinary shares at a stated price of $0.00 per share.
In connection with this vesting, 20 Class A ordinary shares, valued at $0.75 per share, were disposed of to cover administrative fees and related obligations, rather than sold in the open market. Following these transactions, Yu Hongjian directly holds 1,749,894 Class A ordinary shares, plus 250,000 restricted share units representing potential future shares.
BingEx Ltd Chief Financial Officer Tang Le reported routine equity compensation activity. On May 22, 2026, 62,500 restricted share units vested, with each unit converting into one Class A ordinary share. As part of the vesting, 16 Class A ordinary shares were disposed of at $0.75 per share to cover administrative fees and related obligations.
Following these transactions, Tang Le directly holds 874,939 Class A ordinary shares. No remaining derivative positions from these vested restricted share units are shown in this filing.
BingEx Limited, which operates the FlashEx on-demand courier service in China, reported unaudited first-quarter 2026 results showing slightly lower revenue but a much wider net loss. Revenue was RMB935.3 million (US$135.6 million), down modestly from RMB960.8 million a year earlier as competition intensified.
Cost controls improved profitability at the operating level: total operating expenses fell 18.7% to RMB94.8 million, helping income from operations edge up to RMB11.0 million. However, weaker investment performance weighed heavily on the bottom line. Changes in fair value of long-term investments and losses on short-term investments pushed net loss to RMB42.6 million (US$6.2 million), compared with a RMB10.3 million loss a year earlier.
On a non-GAAP basis, which excludes share-based compensation and fair value changes, the company swung from net income of RMB49.6 million to a net loss of RMB11.1 million. Cash and cash equivalents, restricted cash and short-term investments totaled RMB859.1 million (US$124.5 million) as of March 31, 2026. The board extended a share repurchase program authorizing up to US$30.0 million of buybacks through April 1, 2027, with approximately 3.3 million ADSs already repurchased for about US$10.4 million.
BingEx Limited, which operates on-demand courier brand FlashEx in China, reports that its wholly owned subsidiary has signed a strategic investment agreement with Hangzhou Low-Altitude Industry Development Co., Ltd. (HLID). This partnership is aimed at accelerating FlashEx’s expansion into drone delivery and low-altitude logistics in Hangzhou.
FlashEx already runs an intra-city delivery network covering nearly 300 cities in China and uses a one-rider, one-order model for time-sensitive, high-quality deliveries. In Hangzhou, FlashEx and its partners have launched five drone takeoff and landing sites and 14 delivery routes across several districts, completing about 3,500 paid orders over nearly 2,900 flights with a reported 100% safety record as of the end of April 2026. The company views low-altitude logistics as a core long-term technology and growth focus.
BingEx Limited, a Cayman Islands holding company, filed its Form 20-F for the year ended December 31, 2025. The company operates an on-demand dedicated courier business in China through PRC subsidiaries and a variable interest entity (VIE) structure, with ADSs representing three Class A ordinary shares trading under symbol FLX on Nasdaq.
Consolidated revenue reached RMB3,992.1 million in 2025, with net income of RMB109.4 million. As of December 31, 2025, BingEx had 219,389,729 ordinary shares outstanding, including 173,811,951 Class A and 45,577,778 Class B shares. The VIE contributed 18.2% of 2025 revenues and carries net liabilities, while being consolidated for accounting purposes.
The report highlights extensive risks from PRC regulation, including potential invalidation of the VIE contracts, data and cybersecurity oversight, required PRC permissions, and possible future impacts of the Holding Foreign Companies Accountable Act if PCAOB access to Chinese auditors changes. The company also details cash and service-fee flows among the parent, WFOE, subsidiaries, and the VIE, notes no dividends to date, and emphasizes dependence on China’s on-demand delivery and local retail markets, brand reputation, and the contractor status and performance of its Flash-Riders.
BingEx Ltd Chief Financial Officer Tang Le acquired 62,500 Class A ordinary shares on March 19, 2026 through the vesting and settlement of restricted share units. Each restricted share unit converts into one Class A ordinary share. A small portion of shares (13) was withheld at $0.86 per share for administrative fees, leaving Tang with 812,439 Class A ordinary shares held directly after these transactions. The 62,500 restricted share units vested on January 3, 2026 and were settled on March 19, 2026, reflecting routine equity compensation rather than an open-market trade.
BingEx Ltd Executive President Yu Hongjian increased his direct stake through the vesting and settlement of equity awards. On March 19, 2026, 125,000 restricted share units converted into 125,000 Class A ordinary shares at no exercise price, reflecting previously granted compensation.
Footnotes explain these units vested on January 3, 2026 and were settled into shares on March 19, 2026, with each unit representing one Class A ordinary share. A small adjustment of 17 shares at $0.86 per share covered administrative fees and ADS ratio effects, leaving Yu with 1,624,914 Class A shares directly owned after the transactions.
BingEx Ltd Executive President Yu Hongjian filed an initial ownership report for Class A ordinary shares of FLX. The filing shows direct ownership of 1,499,931 Class A ordinary shares and indirect ownership of 3,152,991 Class A ordinary shares held through Y&X Changan Limited.
The report also lists 500,000 restricted share units, each representing the right to receive one Class A ordinary share at no exercise price. According to the disclosure, these remaining units were granted on June 14, 2021 and vest in equal installments on January 3, 2026, April 3, 2026, July 3, 2026 and October 3, 2026.
BingEx Ltd director Yang Zhihui filed an initial Form 3 showing his equity interests in the company. He directly holds 14,763 Class A ordinary shares.
He also holds 24,000 restricted share units, each representing one Class A ordinary share. These RSUs were granted on November 26, 2024 and are scheduled to vest in equal installments on October 7, 2026, 2027 and 2028.
BingEx Ltd’s Form 3 shows that Chief Financial Officer Tang Le has a meaningful equity position in the company. Tang Le directly holds 749,952 Class A ordinary shares, plus equity awards that can turn into more shares over time.
The filing lists 250,000 restricted share units, each representing the right to receive one Class A ordinary share. These remaining RSUs vest in equal installments on January 3, 2026, April 3, 2026, July 3, 2026 and October 3, 2026. In addition, Tang Le holds stock options to buy 100,000 and 50,000 Class A ordinary shares at an exercise price of $1.74 per share, with expirations in 2027 and 2028. This combination of shares, RSUs and options ties a significant portion of the CFO’s compensation to BingEx’s future share performance.