BingEx shares surge 10.62% after-hours as Q3 net income rises to RMB43.7M and share buybacks continue.

BingEx surged 10.62% in after-hours trading following the release of its Q3 2025 financial results, which highlighted a 9% year-over-year increase in non-GAAP net income to RMB62.6 million ($8.8 million) despite a 13% revenue decline to RMB1,005.4 million ($141.2 million). The company attributed the revenue drop to reduced order volumes amid competitive pressures but emphasized improved profitability, driven by lower fair value losses on investments and cost discipline. Shareholders’ equity rose to RMB839.3 million, and the firm repurchased 1.6 million ADSs for $5.4 million under a $30 million buyback program. Management also highlighted strategic expansion into new service categories and operational efficiency gains, reinforcing confidence in long-term growth. The combination of stronger-than-expected net income, capital returns, and strategic initiatives likely fueled the after-hours rally.