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.
The BingEx Limited (Nasdaq: FLX) SEC filings page provides access to the company’s regulatory disclosures as a foreign private issuer in the integrated freight and logistics industry. BingEx files an annual report on Form 20-F and furnishes current reports on Form 6-K, which include its quarterly financial results and related press releases.
In its filings, BingEx reports key information about its FlashEx on-demand dedicated courier business in China, including revenues, cost of revenues, gross profit, operating expenses, income from operations, net income or loss, cash and cash equivalents, restricted cash, short-term investments, and shareholders’ equity. The company also discloses the number of orders fulfilled and other operating metrics that illustrate the scale of its logistics platform.
BingEx’s filings explain its use of non-GAAP financial measures such as non-GAAP income from operations, non-GAAP net income, non-GAAP net income attributable to ordinary shareholders, non-GAAP operating margin, and non-GAAP net income margin. These measures exclude share-based compensation expenses and, for certain metrics, changes in fair value of long-term investments. The company describes how these non-GAAP metrics are used to identify underlying trends and support financial and operational decision-making.
Through this page, users can review FLX Forms 20-F and 6-K as they are made available from EDGAR, along with exhibits such as earnings press releases. AI-powered tools on the platform can help summarize long filings, highlight important sections in annual and quarterly reports, and make complex topics like non-GAAP reconciliations and fair value changes easier to understand. Filings related to share repurchase programs and other corporate actions can also be followed here.
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.
BingEx Ltd director and Chief Executive Officer Xue Peng filed an initial ownership report showing large indirect stakes in the company’s Class B ordinary shares. The filing lists 41,596,484 Class B shares held indirectly through Snoweagle-s Limited and 3,981,294 Class B shares held indirectly through Diamondbird-s Limited.
This Form 3 does not reflect new buying or selling activity; it establishes Xue Peng’s existing indirect ownership positions through these entities as of the reporting date.
BingEx Ltd director Hong Weili has filed an initial ownership report showing his current equity stake in the company. The filing lists direct ownership of 9,978 Class A ordinary shares and 15,000 restricted share units.
Each restricted share unit represents the right to receive one Class A ordinary share. According to the disclosure, these restricted share units were granted on November 26, 2024, and the remaining 15,000 units are scheduled to vest on October 7, 2026, 2027 and 2028 in equal installments. This filing is a baseline statement of his holdings rather than a buy or sell transaction.
BingEx Ltd director Ru Haibo has filed an initial ownership report on Form 3 for Class A ordinary shares of FLX. The filing shows indirect ownership of 5,577,058 Class A ordinary shares held through Halfmoon Pavilion BeingEx Limited and 3,981,294 Class A ordinary shares held through Black Opal BeingEx Limited. These entries reflect existing holdings rather than new share purchases or sales.
BingEx Ltd director liu jing has filed an initial insider ownership report for the company’s Class A ordinary shares. The filing shows direct ownership of 9,978 Class A ordinary shares and 15,000 restricted share units, each representing the right to receive one Class A ordinary share at an exercise price of 0.0000 per share.
The restricted share units were granted on November 26, 2024. According to the disclosure, the remaining 15,000 restricted share units will vest on October 7, 2026, October 7, 2027 and October 7, 2028 in equal installments, potentially increasing liu jing’s direct share ownership over time if they are settled in shares.