BingEx Q1 FY26 net loss more than quadruples to RMB 42.6 million; revenue falls to RMB 935.3 million

• BingEx posted a first-quarter net loss of RMB 42.6 million, swinging from a loss of RMB 10.3 million a year earlier, while operating income edged up to RMB 11 million from RMB 10 million.
• Revenue slipped 2.65% year over year to RMB 935.3 million, while gross profit fell 16.47% to RMB 105.8 million.
• Total operating expenses dropped 18.7% to RMB 94.8 million, led by a 22% decline in selling and marketing expense to RMB 38.5 million.
• Investment income turned to an investment loss of RMB 36.2 million from investment income of RMB 8.9 million a year earlier, reflecting a decrease in the fair value of short-term investments.
• FlashEx fulfilled 57.9 million orders, while management highlighted broader AI adoption across customer service, operations and R&D, alongside progress on a low-altitude logistics initiative backed by a strategic investment to support scaled drone delivery.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bingex Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605210500PRIMZONEFULLFEED9724551) on May 21, 2026, and is solely responsible for the information contained therein.