BingEx Ltd (FLX) Balance Sheet

NASDAQ: FLXAssets, liabilities, debt and equity over 7 years.

FLX balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥1.29B assets = CN¥453.3M liabilities + CN¥836.0M equity

Both columns are drawn to the same scale: what FLX owns equals what it owes plus shareholders’ equity. Hover a block for its value.

FLX financial health

Current ratio2.35

Comfortable · current assets cover current liabilities 2.35×

Debt / equity0.03

Low leverage · CN¥0.03 of debt for each $1 of equity

Equity / assets64.8%

Equity-funded · of assets funded by shareholders

Cash / debt4,209.2%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

FLX balance sheet trends, 2019–2025

BingEx Ltd balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥519.2M2019	CN¥1.29B2025	+16.4%/yr
Total liabilities	CN¥1.80B2019	CN¥453.3M2025	−20.5%/yr
Shareholders’ equity	−CN¥1.28B2019	CN¥836.0M2025	—
Cash & short-term investments	CN¥458.2M2019	CN¥952.2M2025	+13.0%/yr
Total debt	CN¥39.8M2022	CN¥22.6M2025	−17.2%/yr
Net cash (debt)	CN¥766.5M2022	CN¥929.6M2025	+CN¥163.0M
Working capital	CN¥104.4M2019	CN¥594.2M2025	+CN¥489.7M
Current ratio	1.262019	2.352025	+1.09
Debt / equity	0.062024	0.032025	−0.03
Shares outstanding	71.0M2019	23.2M2025	−17.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

FLX assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

FLX liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

FLX debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

FLX balance sheet in Chinese yuan

BingEx Ltd annual balance sheet
	2025	2024	2023	2022	2021	2020	2019
Assets
Cash & short-term investments	CN¥952.2M	CN¥746.3M	CN¥850.1M	CN¥806.3M	CN¥832.2M	CN¥295.4M	CN¥458.2M
Cash & equivalents	CN¥561.6M	CN¥592.4M	CN¥699.4M	CN¥622.1M	CN¥218.5M	CN¥295.4M	CN¥458.2M
Short-term investments	CN¥390.6M	CN¥153.9M	CN¥150.7M	CN¥184.2M	CN¥613.7M	—	—
Receivables	CN¥36.7M	CN¥44.2M	CN¥44.6M	CN¥40.3M	CN¥22.6M	CN¥16.0M	CN¥16.3M
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other current assets	CN¥45.7M	CN¥68.0M	CN¥25.6M	CN¥26.5M	CN¥40.3M	CN¥41.5M	CN¥38.1M
Total current assets	CN¥1.03B	CN¥858.4M	CN¥920.3M	CN¥873.2M	CN¥895.1M	CN¥352.8M	CN¥512.6M
Property, plant & equipment (net)	CN¥27.0M	CN¥48.3M	CN¥65.4M	CN¥48.9M	CN¥9.4M	CN¥8.2M	CN¥5.0M
Goodwill & intangible assets	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Long-term investments	CN¥224.4M	CN¥324.1M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥3.2M	CN¥4.6M	CN¥14.9M	CN¥562,000	CN¥3.2M	CN¥4.5M	CN¥1.5M
Total assets	CN¥1.29B	CN¥1.24B	CN¥1.00B	CN¥922.7M	CN¥907.7M	CN¥365.5M	CN¥519.2M
Liabilities
Accounts payable	CN¥224.2M	CN¥223.4M	CN¥339.8M	CN¥356.1M	CN¥271.1M	CN¥193.9M	CN¥154.6M
Short-term debt	CN¥9.7M	CN¥13.1M	CN¥12.3M	CN¥11.4M	—	—	—
Deferred revenue	CN¥60.6M	CN¥56.8M	CN¥51.9M	CN¥39.0M	CN¥48.3M	CN¥66.6M	CN¥64.2M
Total current liabilities	CN¥440.4M	CN¥459.0M	CN¥653.5M	CN¥702.4M	CN¥566.2M	CN¥461.4M	CN¥408.2M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥22.6M	CN¥42.5M	CN¥57.7M	CN¥39.8M	CN¥0	—	—
Other long-term liabilities	CN¥12.9M	CN¥29.4M	CN¥2.78B	CN¥2.58B	CN¥2.22B	CN¥1.38B	CN¥1.39B
Total liabilities	CN¥453.3M	CN¥488.4M	CN¥3.43B	CN¥3.28B	CN¥2.78B	CN¥1.85B	CN¥1.80B
Shareholders' equity
Common stock & paid-in capital	—	CN¥138,000	CN¥44,000	CN¥44,000	CN¥44,000	CN¥44,000	CN¥44,000
Retained earnings (deficit)	−CN¥2.46B	−CN¥2.57B	−CN¥2.31B	−CN¥2.27B	−CN¥1.95B	−CN¥1.53B	−CN¥1.23B
Accumulated other comprehensive income	—	−CN¥92.1M	−CN¥126.1M	−CN¥85.1M	CN¥75.2M	CN¥48.0M	−CN¥45.6M
Total shareholders' equity	CN¥836.0M	CN¥747.1M	−CN¥2.43B	−CN¥2.35B	−CN¥1.87B	−CN¥1.48B	−CN¥1.28B
Key figures
Total debt	CN¥22.6M	CN¥42.5M	CN¥57.7M	CN¥39.8M	—	—	—
Net cash (debt)	CN¥929.6M	CN¥703.8M	CN¥792.4M	CN¥766.5M	—	—	—
Working capital	CN¥594.2M	CN¥399.5M	CN¥266.9M	CN¥170.7M	CN¥329.0M	−CN¥108.6M	CN¥104.4M
Tangible book value	CN¥836.0M	CN¥747.1M	−CN¥2.43B	−CN¥2.35B	−CN¥1.87B	−CN¥1.48B	−CN¥1.28B
Shares outstanding	23.2M	23.7M	23.7M	71.0M	71.0M	71.0M	71.0M
Current ratio	2.35	1.87	1.41	1.24	1.58	0.76	1.26
Quick ratio	2.25	1.72	1.37	1.21	1.51	0.67	1.16
Debt / equity	0.03	0.06	—	—	—	—	—
Equity / assets	64.8%	60.5%	−243.0%	−255.2%	−206.5%	−404.8%	−246.4%

BingEx Ltd quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CN¥853.7M	CN¥858.8M	CN¥952.2M	CN¥875.9M	CN¥827.5M	CN¥770.2M	CN¥746.3M	CN¥517.4M	CN¥823.0M	CN¥763.9M	CN¥850.1M	CN¥847.9M
Cash & equivalents	CN¥574.8M	CN¥525.8M	CN¥561.6M	CN¥628.6M	CN¥499.4M	CN¥532.0M	CN¥592.4M	CN¥517.4M	CN¥711.7M	CN¥653.1M	CN¥699.4M	CN¥727.4M
Short-term investments	CN¥278.9M	CN¥333.0M	CN¥390.6M	CN¥247.3M	CN¥328.0M	CN¥238.2M	CN¥153.9M	CN¥0	CN¥111.3M	CN¥110.7M	CN¥150.7M	CN¥120.5M
Receivables	CN¥27.0M	CN¥35.8M	CN¥36.7M	CN¥26.3M	CN¥20.5M	CN¥21.3M	CN¥16.9M	CN¥17.2M	CN¥42.0M	CN¥46.6M	CN¥44.6M	CN¥34.9M
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other current assets	CN¥36.3M	CN¥30.9M	CN¥45.7M	CN¥48.7M	CN¥37.0M	CN¥46.9M	CN¥95.3M	CN¥65.7M	CN¥27.4M	CN¥25.2M	CN¥25.6M	CN¥20.3M
Total current assets	CN¥917.0M	CN¥925.5M	CN¥1.03B	CN¥950.9M	CN¥885.0M	CN¥838.4M	CN¥858.4M	CN¥600.3M	CN¥892.5M	CN¥835.6M	CN¥920.3M	CN¥903.0M
Property, plant & equipment (net)	CN¥23.2M	CN¥24.7M	CN¥27.0M	CN¥29.8M	CN¥42.2M	CN¥44.5M	CN¥48.3M	CN¥51.7M	CN¥54.4M	CN¥61.6M	CN¥65.4M	CN¥66.6M
Goodwill & intangible assets	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Long-term investments	CN¥185.6M	CN¥230.2M	CN¥224.4M	CN¥288.1M	CN¥300.6M	CN¥280.7M	CN¥324.1M	CN¥259.8M	CN¥51.1M	CN¥51.1M	CN¥0	CN¥0
Other non-current assets	CN¥3.2M	CN¥3.1M	CN¥3.2M	CN¥3.1M	CN¥4.7M	CN¥4.6M	CN¥4.6M	CN¥15.1M	CN¥15.0M	CN¥15.0M	CN¥14.9M	CN¥4.9M
Total assets	CN¥1.13B	CN¥1.18B	CN¥1.29B	CN¥1.27B	CN¥1.23B	CN¥1.17B	CN¥1.24B	CN¥926.8M	CN¥1.01B	CN¥963.3M	CN¥1.00B	CN¥974.5M
Liabilities
Accounts payable	CN¥196.9M	CN¥198.6M	CN¥224.2M	CN¥208.8M	CN¥198.6M	CN¥191.5M	CN¥223.4M	CN¥216.1M	CN¥314.6M	CN¥294.4M	CN¥339.8M	CN¥321.1M
Short-term debt	CN¥10.2M	CN¥9.7M	CN¥9.7M	CN¥9.7M	CN¥13.6M	CN¥13.2M	—	CN¥13.5M	CN¥13.0M	CN¥12.6M	CN¥12.3M	CN¥11.9M
Deferred revenue	CN¥56.6M	CN¥58.6M	CN¥60.6M	—	CN¥54.1M	CN¥51.6M	—	CN¥60.4M	CN¥51.4M	CN¥52.1M	CN¥51.9M	CN¥50.4M
Total current liabilities	CN¥380.7M	CN¥389.1M	CN¥440.4M	CN¥417.4M	CN¥400.0M	CN¥389.4M	CN¥459.0M	CN¥453.4M	CN¥548.9M	CN¥553.9M	CN¥653.5M	CN¥653.4M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥19.2M	CN¥20.6M	CN¥22.6M	CN¥24.9M	CN¥37.8M	CN¥39.6M	CN¥42.5M	CN¥45.9M	CN¥48.9M	CN¥55.1M	CN¥57.7M	CN¥59.0M
Other long-term liabilities	CN¥9.0M	CN¥10.9M	CN¥12.9M	CN¥15.2M	CN¥24.2M	CN¥26.5M	CN¥29.4M	CN¥2.85B	CN¥2.86B	CN¥2.82B	CN¥2.78B	CN¥2.78B
Total liabilities	CN¥389.7M	CN¥399.9M	CN¥453.3M	CN¥432.6M	CN¥424.2M	CN¥415.9M	CN¥488.4M	CN¥3.30B	CN¥3.41B	CN¥3.37B	CN¥3.43B	CN¥3.43B
Shareholders' equity
Common stock & paid-in capital	—	—	—	CN¥839.3M	CN¥808.3M	CN¥138,000	—	—	CN¥44,000	CN¥44,000	CN¥44,000	CN¥44,000
Retained earnings (deficit)	—	—	−CN¥2.46B	—	—	−CN¥2.57B	−CN¥2.57B	—	−CN¥2.26B	−CN¥2.28B	−CN¥2.31B	−CN¥2.30B
Accumulated other comprehensive income	—	—	—	—	—	−CN¥92.1M	—	—	−CN¥139.5M	−CN¥130.0M	−CN¥126.1M	−CN¥155.0M
Total shareholders' equity	CN¥734.2M	CN¥783.5M	CN¥836.0M	CN¥839.3M	CN¥808.3M	CN¥752.3M	CN¥747.1M	−CN¥2.37B	−CN¥2.40B	−CN¥2.41B	−CN¥2.43B	−CN¥2.46B
Key figures
Total debt	CN¥19.2M	CN¥20.6M	CN¥22.6M	CN¥24.9M	CN¥37.8M	CN¥39.6M	—	CN¥45.9M	CN¥48.9M	CN¥55.1M	CN¥57.7M	CN¥59.0M
Net cash (debt)	CN¥834.5M	CN¥838.3M	CN¥929.6M	CN¥851.0M	CN¥789.7M	CN¥730.5M	—	CN¥471.5M	CN¥774.1M	CN¥708.8M	CN¥792.4M	CN¥788.8M
Working capital	CN¥536.2M	CN¥536.4M	CN¥594.2M	CN¥533.5M	CN¥485.1M	CN¥448.9M	CN¥399.5M	CN¥146.9M	CN¥343.6M	CN¥281.7M	CN¥266.9M	CN¥249.6M
Tangible book value	CN¥734.2M	CN¥783.5M	CN¥836.0M	CN¥839.3M	CN¥808.3M	CN¥752.3M	CN¥747.1M	−CN¥2.37B	−CN¥2.40B	−CN¥2.41B	−CN¥2.43B	−CN¥2.46B
Shares outstanding	22.4M	22.5M	22.9M	23.2M	23.2M	23.2M	213.4M	23.7M	23.7M	23.7M	23.7M	23.7M
Current ratio	2.41	2.38	2.35	2.28	2.21	2.15	1.87	1.32	1.63	1.51	1.41	1.38
Quick ratio	2.31	2.30	2.25	2.16	2.12	2.03	1.66	1.18	1.58	1.46	1.37	1.35
Debt / equity	0.03	0.03	0.03	0.03	0.05	0.05	—	—	—	—	—	—
Equity / assets	65.0%	66.2%	64.8%	66.0%	65.6%	64.4%	60.5%	−256.2%	−236.4%	−249.9%	−243.0%	−252.1%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 24, 2026); data from EODHD.

FLX financial position

At the end of fiscal 2025 (December 31, 2025), BingEx had total assets of CN¥1.3 billion (up 4.4% from a year earlier), total liabilities of CN¥453.3 million and shareholders' equity of CN¥836.0 million. It held CN¥952.2 million in cash and short-term investments against CN¥22.6 million of debt, a net cash position of CN¥929.6 million. Its current ratio was 2.35. In the latest quarter (ended June 30, 2026) total assets were CN¥1.1 billion and equity CN¥734.2 million.

Related: FLX income statement, FLX cash flow statement, FLX key metrics. See the FLX stock overview for the latest quote and news.

FLX balance sheet FAQ

What are BingEx's total assets?

BingEx reported total assets of CN¥1.3 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥1.2 billion a year earlier.

How much debt does BingEx have?

BingEx had CN¥22.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.

How much cash does BingEx have?

BingEx held CN¥952.2 million in cash and short-term investments at the end of fiscal 2025; with CN¥22.6 million of debt that is net cash of CN¥929.6 million.

What is BingEx's book value?

BingEx's shareholders' equity (book value) was CN¥836.0 million at the end of fiscal 2025.

What is BingEx's current ratio?

BingEx had current assets of CN¥1.0 billion and current liabilities of CN¥440.4 million, a current ratio of 2.35 (it can cover its short-term obligations).