Core Viewpoint - BingEx Limited, operating under the brand "FlashEx," reported its second quarter financial results for 2025, highlighting its resilience in a competitive market and commitment to service quality and operational excellence [1][3]. Financial Performance - Revenues for the second quarter of 2025 were RMB1,024.6 million (US$143.0 million), a decrease from RMB1,176.7 million in the same period of 2024, primarily due to a decline in order volume amid intensified competition [4][6]. - The cost of revenues was RMB901.9 million (US$125.9 million), down from RMB1,049.8 million in the same period of 2024, aligning with the revenue decline [4]. - Gross profit was RMB122.7 million (US$17.1 million), slightly down from RMB127.0 million in the same period of 2024, with a gross profit margin of 12.0%, improving from 10.8% year-over-year [5][6]. - Total operating expenses increased by 22.1% to RMB103.4 million (US$14.4 million) from RMB84.7 million in the same period of 2024 [5][6]. - Net income attributable to ordinary shareholders reached RMB53.5 million (US$7.5 million), a significant increase from RMB22.3 million in the same period of 2024 [9][10]. Operational Highlights - The number of orders fulfilled in the second quarter of 2025 was 64.8 million, reflecting the company's operational scale [6]. - The company emphasized its focus on enhancing operational efficiency and deepening partnerships with enterprise clients, which contributed to its financial results [3][4]. Strategic Outlook - The management expressed optimism about the long-term potential of the on-demand retail market and plans to broaden its presence in this sector to unlock new growth pathways [3]. - The company is committed to delivering customized, high-value services while exploring new user scenarios to meet diverse customer needs [3]. Share Repurchase Program - As of August 18, 2025, the company had repurchased approximately 0.8 million American Depositary Shares (ADSs) for an aggregate consideration of approximately US$2.6 million under its share repurchase program [11].