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Positive Sentiment Still Eludes BingEx Limited (NASDAQ:FLX) Following 72% Share Price Slump
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In 2024, Flash Delivery Company adjusted its Net income to 0.2 billion yuan, and its profitability continues to improve.
China's leading instant delivery platform, Shansong, recently released its first post-listing Earnings Reports for the fourth quarter and the entire year of 2024, showcasing strong profitability and high-quality development prospects. The adjusted Net income for the entire year of 2024 reached 0.2 billion yuan, a significant year-on-year increase of 82%. At the same time, the company announced a $30 million stock repurchase plan, demonstrating the management's confidence in future development. With both profitability and Order volume growing, Shansong announced a one-year stock repurchase plan, where the company will repurchase a total value during the twelve months from March 12, 2025, to March 31, 2026.
BingEx Ltd (ADR) Trading Halted, Volatility Trading Pause
ADRs Close Lower; BingEx Ltd. Declines 22%