BingEx Ltd
BingEx Limited, through its subsidiaries, engages in the provision of on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service who provides the courier services. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. Th… Read more
BingEx Ltd (FLX) - Net Assets
Latest net assets as of September 2025: $839.29 Million USD
Based on the latest financial reports, BingEx Ltd (FLX) has net assets worth $839.29 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.27 Billion) and total liabilities ($432.60 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $839.29 Million |
| % of Total Assets | 65.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
BingEx Ltd - Net Assets Trend (2019–2024)
This chart illustrates how BingEx Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BingEx Ltd (2019–2024)
The table below shows the annual net assets of BingEx Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $747.06 Million | +130.72% |
| 2023-12-31 | $-2.43 Billion | -3.26% |
| 2022-12-31 | $-2.35 Billion | -25.63% |
| 2021-12-31 | $-1.87 Billion | -26.67% |
| 2020-12-31 | $-1.48 Billion | -15.68% |
| 2019-12-31 | $-1.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BingEx Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 133216100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $138.00K | 0.02% |
| Other Comprehensive Income | $-92.14 Million | -12.33% |
| Other Components | $3.40 Billion | 455.77% |
| Total Equity | $747.06 Million | 100.00% |
BingEx Ltd Competitors by Market Cap
The table below lists competitors of BingEx Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nevro Corp
NYSE:NVRO
|
$199.88 Million |
|
Coremax Corp
TW:4739
|
$199.94 Million |
|
Seoul Food Ind Co Ltd
KO:004415
|
$199.96 Million |
|
Addnode Group AB Series B
LSE:0GMG
|
$200.01 Million |
|
Jiangnan Yifan Motor Co.Ltd
SHE:301023
|
$199.83 Million |
|
Zhejiang Aishida Electric Co Ltd
SHE:002403
|
$199.80 Million |
|
Soyea Technology Co Ltd
SHE:000909
|
$199.78 Million |
|
Fanli Digital Technology Co Ltd
SHG:600228
|
$199.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BingEx Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -2,431,702,000 to 747,064,000, a change of 3,178,766,000.
- Net loss of 146,480,000 reduced equity.
- New share issuances of 447,967,000 increased equity.
- Other comprehensive income increased equity by 33,953,000.
- Other factors increased equity by 2,843,326,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-146.48 Million | -19.61% |
| Share Issuances | $447.97 Million | +59.96% |
| Other Comprehensive Income | $33.95 Million | +4.54% |
| Other Changes | $2.84 Billion | +380.6% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares BingEx Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.09x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-18.01 | $2.85 | x |
| 2020-12-31 | $-20.84 | $2.85 | x |
| 2021-12-31 | $-26.39 | $2.85 | x |
| 2022-12-31 | $-33.16 | $2.85 | x |
| 2023-12-31 | $-102.72 | $2.85 | x |
| 2024-12-31 | $31.51 | $2.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BingEx Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -19.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.28%
- • Asset Turnover: 3.62x
- • Equity Multiplier: 1.65x
- Recent ROE (-19.61%) is below the historical average (-3.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -25.77% | 3.26x | 0.00x | $-307.72 Million |
| 2020 | 0.00% | -10.21% | 5.51x | 0.00x | $-57.72 Million |
| 2021 | 0.00% | -9.57% | 3.35x | 0.00x | $-103.55 Million |
| 2022 | 0.00% | -4.51% | 4.34x | 0.00x | $55.05 Million |
| 2023 | 0.00% | 2.44% | 4.53x | 0.00x | $353.67 Million |
| 2024 | -19.61% | -3.28% | 3.62x | 1.65x | $-221.19 Million |
Industry Comparison
This section compares BingEx Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $368,651,163
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BingEx Ltd (FLX) | $839.29 Million | 0.00% | 0.52x | $199.88 Million |
| Andlauer Healthcare Group Inc (ANDHF) | $352.12 Million | 25.55% | 0.83x | $469.38 Million |
| Aqua Power Systems Inc (APSI) | $-106.64K | 0.00% | 0.00x | $383.65K |
| A-Sonic Aerospace Limited (ASNCF) | $38.42 Million | 0.28% | 1.15x | $7.03 Million |
| Addentax Group Corp (ATXG) | $86.00K | 65.43% | 97.87x | $2.89 Million |
| bpost SA/NV (BPOSF) | $682.60 Million | 22.59% | 4.53x | $472.00 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $25.09 Million | -61.17% | 5.78x | $4.28 Million |
| Compañía de Distribución Integral Logista Holdings S.A (CDNIF) | $641.80 Million | 48.03% | 11.59x | $1.70 Billion |
| Cargojet Inc (CGJTF) | $66.60 Million | 3.60% | 5.94x | $791.09 Million |
| CH Robinson Worldwide Inc (CHRW) | $1.88 Billion | 26.94% | 1.74x | $20.09 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $-32.66K | 0.00% | 0.00x | $14.82 Million |