BingEx Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	4,020	4,468	4,529	4,003	3,040	2,015
Revenue Growth (YoY)	-13.59%	-1.34%	13.14%	31.68%	50.90%	19.15%
Cost of Revenue	3,556	3,978	4,134	3,743	2,851	1,825
Gross Profit	464.09	490.56	394.56	259.26	189.11	189.22
Selling, General & Admin	426.6	372.48	293.06	343.12	384.85	304.48
Research & Development	146.81	143.86	90.85	118.62	104.77	100.21
Operating Expenses	573.4	516.34	383.91	461.74	489.62	404.69
Operating Income	-109.32	-25.78	10.65	-202.48	-300.51	-215.47
Interest & Investment Income	67.47	25.42	25.53	12.84	5.87	3.98
Other Non Operating Income (Expenses)	20.95	41.67	74.32	9.2	3.64	5.79
EBT Excluding Unusual Items	-20.9	41.31	110.5	-180.44	-291	-205.7
Gain (Loss) on Sale of Investments	-186.05	-187.73	-	-	-	-
Other Unusual Items	-2.83	-113.66	-146.34	-139.58	-130.98	-88.48
Pretax Income	-209.78	-260.07	-35.84	-320.01	-421.99	-294.18
Income Tax Expense	0.08	0.07	-	-	-	-
Net Income	-209.85	-260.14	-35.84	-320.01	-421.99	-294.18
Net Income to Common	-209.85	-260.14	-35.84	-320.01	-421.99	-294.18
Shares Outstanding (Basic)	69	35	24	24	24	24
Shares Outstanding (Diluted)	69	35	24	24	24	24
Shares Change (YoY)	185.59%	44.02%	-	-	-	-
EPS (Basic)	-3.06	-7.53	-1.49	-13.33	-17.58	-12.26
EPS (Diluted)	-3.06	-7.53	-1.49	-13.33	-17.58	-12.26
Free Cash Flow	-	1.05	42.62	-90.24	-200.14	-161.96
Free Cash Flow Per Share	-	0.03	1.78	-3.76	-8.34	-6.75
Gross Margin	11.54%	10.98%	8.71%	6.48%	6.22%	9.39%
Operating Margin	-2.72%	-0.58%	0.24%	-5.06%	-9.89%	-10.70%
Profit Margin	-5.22%	-5.82%	-0.79%	-7.99%	-13.88%	-14.60%
Free Cash Flow Margin	-	0.02%	0.94%	-2.25%	-6.58%	-8.04%
EBITDA	-106.51	-22.81	15.54	-197.02	-296.23	-212.22
EBITDA Margin	-2.65%	-0.51%	0.34%	-4.92%	-9.74%	-10.53%
D&A For EBITDA	2.81	2.97	4.89	5.46	4.28	3.25
EBIT	-109.32	-25.78	10.65	-202.48	-300.51	-215.47
EBIT Margin	-2.72%	-0.58%	0.24%	-5.06%	-9.89%	-10.70%
Advertising Expenses	-	24.01	22.48	65.99	-	124.62

Updated Nov 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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