BingEx Ltd (FLX) Key Metrics
FLX key metrics, 2019–2025
Fiscal year ended December 31, 2025 · Chinese yuanFLX returns How much profit the business earns on the capital it uses.
FLX financial health Debt, liquidity and how easily interest is covered.
FLX efficiency & capital use Working capital cycle and where the cash goes.
FLX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FLX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FLX cash returned to shareholders
FLX key metrics in Chinese yuan
2019–2025| 2025 | 2024 | 2019 | |
|---|---|---|---|
| Returns & profitability | |||
| Return on equity (ROE) | 13.8% | −19.6% | — |
| Return on invested capital (ROIC) | — | −47.0% | — |
| Return on assets (ROA) | 8.7% | −11.9% | −83.9% |
| Return on tangible assets | 8.5% | −11.9% | −83.9% |
| Free cash flow margin | 2.5% | 0.0% | −18.6% |
| Income quality (OCF / net income) | 0.90 | — | — |
| Financial health | |||
| Total debt | CN¥22.6M | CN¥42.5M | — |
| Cash & short-term investments | CN¥952.2M | CN¥746.3M | CN¥458.2M |
| Net debt | −CN¥929.6M | −CN¥703.8M | −CN¥458.2M |
| Debt / equity | 0.03 | 0.06 | — |
| Debt / assets | 0.02 | 0.03 | — |
| Net debt / EBITDA | −8.34 | — | — |
| Current ratio | 2.35 | 1.87 | 1.26 |
| Quick ratio | 2.35 | 1.87 | 1.26 |
| Working capital | CN¥594.2M | CN¥399.5M | CN¥104.4M |
| Invested capital | −CN¥93.6M | CN¥43.3M | −CN¥1.74B |
| Tangible asset value | CN¥836.0M | CN¥747.1M | −CN¥1.28B |
| Net current asset value | CN¥581.3M | CN¥370.1M | −CN¥1.29B |
| Capital allocation | |||
| Share buybacks (net) | CN¥54.8M | CN¥0 | — |
| Dividends + buybacks / free cash flow | 55.4% | 0.0% | — |
| Capex / revenue | 0.0% | 0.0% | 0.1% |
| Capex / operating cash flow | 0.1% | 52.1% | — |
| Capex / depreciation | 0.07 | 0.38 | 0.86 |
| Stock-based compensation / revenue | 1.2% | 3.6% | — |
| R&D / revenue | 2.1% | 3.2% | 5.7% |
| SG&A / revenue | 8.5% | 8.3% | 19.4% |
| Efficiency | |||
| Days sales outstanding | 3.7 | 3.6 | 3.5 |
| Days payables outstanding | 23.2 | 20.5 | 33.0 |
| Cash conversion cycle (days) | -19.5 | -16.9 | -29.5 |
| Receivables turnover | 98.67 | 101.16 | 103.43 |
| Payables turnover | 15.74 | 17.81 | 11.05 |
| Asset turnover | 3.16 | 3.62 | 3.26 |
| Average receivables | CN¥40.5M | CN¥44.2M | CN¥16.3M |
| Average payables | CN¥223.8M | CN¥223.4M | CN¥154.6M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% |
Computed from FLX's annual financial statements (latest annual report filed April 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Chinese yuan; data from EODHD. Averages use the opening and closing balance of each year.
FLX valuation and financial ratios
BingEx earned a return on equity of 13.8% in fiscal 2025. It ended the year with CN¥22.6 million of debt and CN¥952.2 million in cash and short-term investments, a net cash position of CN¥929.6 million. It returned CN¥54.8 million to shareholders: CN¥0 in dividends and CN¥54.8 million in share buybacks, 55% of free cash flow.
See the FLX income statement, the FLX chart for price history, or the FLX stock overview for the latest quote and news.
FLX key metrics FAQ
What is BingEx's return on equity?
BingEx's return on equity (ROE) was 13.8% in fiscal 2025: net income of CN¥109.4 million on average shareholders' equity of CN¥791.5 million.
How much debt does BingEx have?
BingEx had total debt of CN¥22.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.03 and more cash than debt.
Does BingEx buy back its shares?
Yes. BingEx spent CN¥54.8 million on net share repurchases in fiscal 2025.
What is BingEx's current ratio?
BingEx's current ratio was 2.35 at the end of fiscal 2025: current assets were 2.35 times current liabilities.