Financial Performance - Total revenue for the year ended December 31, 2025, was approximately RMB 2,758.5 million, a decrease of 5.5% year-over-year[6] - Gross profit for the same period was approximately RMB 1,024.5 million, reflecting a decrease of 1.6% year-over-year[6] - The net loss attributable to the company was approximately RMB 68.7 million, a reduction of 65.2% compared to the previous year[6] - Adjusted net loss (non-HKFRS measure) was approximately RMB 55.6 million, down 51.8% year-over-year[6] - Revenue from unmanned retail business for the year ended December 31, 2025, was approximately RMB 1,837.0 million, a decrease of 6.5% year-on-year[23] - Total revenue for the year ended December 31, 2025, was approximately RMB 2,918.9 million, reflecting a decline of 5.5% compared to RMB 2,758.5 million in 2024[22] - Gross profit for the year ended December 31, 2025, was approximately RMB 1,024.5 million, a decrease of 1.6% year-on-year, with a gross margin of 37.1%, an increase of 1.4 percentage points[25] - The company incurred a net loss of RMB 210.74 million for the year, compared to a net loss of RMB 75.69 million in the previous year, reflecting a significant increase in losses[76] Customer and Market Growth - The number of UBOX points reached 67,840, an increase of 1.0% year-over-year[6] - The number of UBOX partners (excluding restaurant model partners) was 2,175, up 2.9% year-over-year[6] - The total number of wholesale customers increased from 1,851 in 2024 to 4,504 in 2025, indicating significant growth in the customer base[14] - The number of digital advertising service customers reached 18 by December 31, 2025[16] - The number of non-Youbao point wholesale customers increased from 1,379 in 2024 to 1,483 in 2025[15] Operational Developments - The company successfully completed the trial phase of the AI Smart Karaoke Booth, which is expected to drive growth in 2026[5] - The new market development strategy focuses on optimizing product offerings and enhancing operational efficiency[5] - The number of instant pick-up vending machines increased by 19.1% to 48,696 units[9] - The company continues to operate a data-driven system supported by a vast network of vending machines across mainland China[7] - The company continues to leverage data-driven operational networks to enhance wholesale operations, benefiting from bulk purchasing cost advantages[14] Sales and Revenue Insights - In 2025, the average monthly sales amount per vending machine for beverage vending machines was CNY 3,286, a decrease of 8.2% compared to CNY 4,224 in 2024[12] - The average monthly sales amount for snack and beverage vending machines was CNY 3,879, reflecting a 7.2% increase from CNY 6,903 in 2024[12] - The average monthly sales amount for ready-to-drink vending machines was CNY 826, a decline of 16.3% from the previous year[12] - The total average monthly sales amount for all vending machines remained stable at CNY 3,316 in 2025, with a slight decrease of 0.3% from CNY 3,327 in 2024[12] - The average monthly sales amount for instant pick-up cabinets was CNY 3,130, an increase of 5.0%[12] Expenses and Cost Management - Sales and marketing expenses decreased by 2.7% to approximately RMB 994.8 million for the year ended December 31, 2025, primarily due to a reduction in commission expenses from point partners[28] - General and administrative expenses decreased by 32.7% to approximately RMB 83.2 million for the year ended December 31, 2025, mainly due to a reduction in share-based compensation expenses[29] - Research and development expenses decreased by 39.8% to approximately RMB 15.0 million for the year ended December 31, 2025, attributed to a reduction in R&D personnel and related employee benefits[30] Financial Position and Cash Flow - The net cash generated from operating activities for the year ending December 31, 2025, is approximately RMB 102.3 million, attributed to a reduction in operating losses and lower operating payments[46] - Cash and cash equivalents increased by 111.7% from approximately RMB 333.4 million as of December 31, 2024, to approximately RMB 705.8 million as of December 31, 2025[46] - The net cash used in investing activities for the year ending December 31, 2025, is approximately RMB 92.3 million, mainly due to the acquisition of subsidiaries and payments for property and equipment[46] - The total debt as of December 31, 2025, is approximately RMB 78.4 million, with a debt-to-equity ratio of 6.6%, down from 16.1% as of December 31, 2024[49] - The weighted average interest rate for short-term bank loans is 3.13%, while the weighted average interest rate for long-term bank loans is 4.52% as of December 31, 2025[48] Shareholder and Corporate Governance - The company does not recommend the distribution of a final dividend for the year ending December 31, 2025[56] - The company has adopted an incentive plan in 2020, with Shenzhen Youhui holding 5,710,606 shares, representing about 0.58% of the total issued shares as of December 31, 2025[61] - The first pre-IPO incentive plan allows for the subscription of 30,100,000 non-listed shares, which is approximately 3.04% of the total issued shares as of December 31, 2025[62] - The company successfully defended against a claim of RMB 145.1 million related to an arbitration notice received on October 16, 2024, concluding in April 2025[122] - The company plans to continue evaluating its corporate governance structure to ensure effective decision-making and accountability[126] Future Plans and Strategic Initiatives - The company aims to enhance market competitiveness through strong technological advantages and comprehensive digital systems[75] - The company plans to develop more new products, including limited edition items, to optimize its product mix[75] - The company plans to expand its market presence and explore potential mergers and acquisitions to drive growth in the upcoming fiscal year[79] - The company aims to transform each vending machine into an intelligent business terminal, creating a flexible and consumer-centric intelligent retail ecosystem[73] - The company plans to optimize existing cooperation channels and expand into new venues such as airports, tourist attractions, and exhibition centers to steadily increase the scale of self-service equipment[75]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 北京友寶在線科技股份有限公司（「本公司」及 其 附 屬 公 司「本集團」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 六 年 三 月 三 十 日（星 期 一）舉 行 董 事 會 會 議，以（其 中 包 括）考慮及批准本集團截至二零二五年十二月三十一日 止年度的全年業績以及考慮派發末期股息（如 有）之 建 議。 承董事會命 北京友寶在線科技股份有限公司 主席兼執行董事 王 濱 香 港，二 零 二 六 年 三 月 十 八 日 於 本 公 告 日 期，本 公 司 執 行 董 事 為 王 濱 先 生、余 立 志 先 生、崔 艷 女 士 及 晁 華 先 生；非 執 行 董 事 為 朱 超 先 生 及 安 煜 芳 女 士；以 及 獨 立 非 執 行 董 事 為 郭 蘬 女 士、 張 辰 先 生 及 張 長 昊 先 生。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Beijing UBOX Online Technology Corp. 北京友寶在線科技股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2429） 本公司董事會（「董事會」）謹此知會本公司股東（「股 東」）及 潛 在 投 資 者，根 據 董 事會目前可得資料及對本集團截至2025年12月31日止年度（「2025財 年」）未經審 核 綜 合 管 理 賬 目 的 初 步 評 估，本 集 團 預 期 截 至2025年12月31日止年度錄得的淨 虧 損，相 較 於 截 至2024年12月31日止年度將大幅減少約64%。 預 期2025財 年 淨 虧 損 減 少 主 要 歸 因 於 以 下 因 素：(i)以股份為基礎的薪酬開支大 幅 減 少；(ii)商 譽 減 值 虧 損 及 使 用 權 益 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 北京友寶在線科技股份有限公司 （在中華人民共和國註冊成立的股份有限公司）（「本公司」） 呈交日期: 2026年3月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 非上市股份 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 42,458,930 | RMB | | 1 RMB | | 42,458,930 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 42,458,930 | RMB | | 1 RMB | | 42,458,93 ...

Core Viewpoint - The company, Youbao Online (02429.HK), has not disclosed any new significant events recently, but key developments since 2025 have drawn market attention [3]. Recent Events - On November 20, 2025, Youbao Online signed a two-year service agreement with Ant Chain Technology (Shanghai) Co., Ltd. to establish a trusted asset management platform, utilizing blockchain SDK technology to link vending machine data on-chain, supporting future franchisee incentive programs [4]. Financial Performance - According to the financial report released on August 31, 2025, the company reported a revenue of 1.3 billion yuan for the first half of the year, a year-on-year decrease of 3.1%. The gross profit margin increased to 36.9%, while the loss narrowed to 37.65 million yuan. Revenue from the unmanned retail business was 862 million yuan, down 5.6% year-on-year [5]. Funding Movements - On September 21, 2025, the company announced a placement agreement to issue up to 158 million H-shares at a price of 2.45 HKD per share, expecting to raise approximately 386 million HKD for general operational funds [6]. Company Status - On December 5, 2025, the company disclosed its monthly securities change report as of November 30, 2025, indicating no change in the number of issued shares, with H-shares totaling 946,512,003 [7]. Recent Stock Performance - On December 19, 2025, Youbao Online's stock closed at 2.42 HKD, rising by 0.83%, with a net inflow of 32,000 HKD in principal funds [8].

致：香港交易及結算所有限公司 公司名稱: 北京友寶在線科技股份有限公司 （在中華人民共和國註冊成立的股份有限公司）（「本公司」） 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 非上市股份 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 42,458,930 | RMB | | 1 | RMB | | 42,458,930 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 42,458,930 | RMB | | 1 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 北京友寶在線科技股份有限公司 （在中華人民共和國註冊成立的股份有限公司）（「本公司」） 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 非上市股份 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 42,458,930 | RMB | | 1 | RMB | | 42,458,930 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 42,458,930 | RMB | | 1 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 本月底法定/註冊股本總額： RMB 988,970,933 備註： 第 1 頁 共 11 頁 v 1.1.1 FF301 FF301 公司名稱: 北京友寶在線科技股份有限公司 （在中華人民共和國註冊成立的股份有限公司）（「本公司」） 呈交日期: 2025年12月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 非上市股份 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 42,458,930 | RMB | | 1 | RMB | | 42,458,930 | | 增加 / ...

Core Insights - The China Securities Regulatory Commission (CSRC) has released a report on the status of domestic companies' overseas securities issuance and listing applications as of November 21, 2025, indicating ongoing interest in Hong Kong IPOs and full circulation of shares [1][2] Group 1: Companies Seeking Hong Kong IPOs - Dermavon Holdings Limited (德镁医药) is in the process of indirect overseas listing, with its application currently under review for supplementary materials [1][2] - Guangzhou Haote Energy Conservation Technology Co., Ltd. and Zhejiang Shimai Pharmaceutical Co., Ltd. are both pursuing direct overseas listings on the Hong Kong Stock Exchange [1][2] - Shenzhen Mindray Bio-Medical Electronics Co., Ltd. and Chengdu Canopus Robotics Technology Co., Ltd. are also applying for direct overseas listings [1][2] - Beijing Defeng New Journey Technology Co., Ltd. is seeking a direct overseas listing on the Hong Kong Stock Exchange [1][2] Group 2: Companies with Full Circulation Applications - Companies such as Youbao Online Technology Co., Ltd. and Yaojie Ankang (Nanjing) Technology Co., Ltd. have submitted applications for full circulation of shares, which have been received by the CSRC [1][2] - Other companies including Bama Tea Co., Ltd. and Shanghai Yingtai Medical Devices Co., Ltd. are also in the process of obtaining full circulation status [1][2] - Lianlian Digital Technology Co., Ltd. and Xuan Bamboo Biotechnology Co., Ltd. are among those seeking full circulation of shares on the Hong Kong Stock Exchange [1][2]

Core Insights - The China Securities Regulatory Commission (CSRC) has released a report on the status of domestic companies' overseas securities issuance and listing applications as of November 21, 2025, indicating ongoing activity in the Hong Kong IPO market [1] Group 1: Companies Seeking IPOs - Dermavon Holdings Limited (德镁医药有限公司) is in the process of indirect overseas listing with materials submitted to the Hong Kong Stock Exchange [3] - Haote Energy Conservation Technology Co., Ltd. (豪特节能) and Zhejiang Shimai Pharmaceutical Co., Ltd. (时迈药业) are both pursuing direct overseas listings on the Hong Kong Stock Exchange [3] - Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (迈瑞生物) is also seeking a direct overseas listing, with multiple financial institutions involved in the underwriting process [3] - Chengdu Canopus Robotics Technology Co., Ltd. (卡诺普机器人) and Beijing Defeng New Journey Technology Co., Ltd. (德风科技) are similarly applying for direct listings on the Hong Kong Stock Exchange [3] Group 2: Companies with Full Circulation Applications - Companies such as Youbao Online Technology Co., Ltd. (友宝在线), Yaojie Ankang (药捷安康), and Bama Tea Co., Ltd. (八马茶业) have submitted applications for full circulation of their shares, indicating a shift towards increased liquidity in the market [3] - Other companies like Shanghai Yingtai Medical Devices Co., Ltd. (瑛泰医疗) and Lianlian Digital Technology Co., Ltd. (连连数字) are also part of this trend, with applications received by the CSRC [3]