U-Bx Technology(UBXG)

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有家保险上涨3.94%,报3.555美元/股,总市值7388.14万美元
Jin Rong Jie· 2025-06-04 15:57
Core Insights - U-BX Insurance (UBXG) experienced a stock price increase of 3.94% on June 4, closing at $3.555 per share with a total market capitalization of $73.88 million [1] - For the fiscal year ending December 31, 2024, U-BX Insurance reported total revenue of $17.29 million, a year-over-year decrease of 40.97%, while net profit attributable to shareholders was $345,900, reflecting a significant increase of 259.51% [1] Company Overview - U-BX Technology Co., Ltd. was established on June 30, 2021, in the Cayman Islands and operates through a VIE agreement with U-BX China, a company incorporated under the laws of the People's Republic of China, headquartered in Beijing [1] - Since its inception in 2018, U-BX China has focused on providing value-added services driven by artificial intelligence technology to enterprises in the insurance industry, including insurers and brokers [1] Service Offerings - U-BX China's business primarily includes three types of services/products: i) digital promotion services, ii) risk assessment services, and iii) bundled value-added benefits [2] - The company assists institutional clients in gaining visibility across various social media platforms, generating revenue based on consumer engagement metrics [2] - U-BX has developed a proprietary algorithm named "Magic Mirror" to calculate the payout risks for auto insurance companies, generating personalized risk reports based on vehicle brand, model, travel area, and age [2] - Additionally, U-BX sells bundled benefits, such as car washes and maintenance plans, to large insurance operators or brokers, allowing them to offer these benefits to customers at low or no cost [2]
有家保险上涨5.83%,报3.63美元/股,总市值7544.64万美元
Jin Rong Jie· 2025-05-30 13:44
Group 1 - The core viewpoint of the articles highlights the financial performance and business model of U-BX Technology Co., Ltd, which operates through its variable interest entity U-BX China, focusing on AI-driven services in the insurance industry [1][2][3] Group 2 - As of May 30, U-BX's stock opened at $3.63 per share, reflecting a 5.83% increase, with a total market capitalization of $75.4464 million [1] - For the fiscal year ending December 31, 2024, U-BX reported total revenue of $17.2875 million, a year-over-year decrease of 40.97%, while net profit attributable to shareholders was $345,900, showing a significant increase of 259.51% [1] - U-BX China's services include digital promotion, risk assessment, and bundled value-added benefits, leveraging social media for visibility and income generation [2] - The company has developed a proprietary algorithm named "Magic Mirror" to assess the underwriting risk for auto insurance, generating personalized risk reports based on various vehicle parameters [2] - U-BX also sells bundled benefits to large insurance operators or brokers, which can be offered to customers at low or no cost [2]
有家保险上涨3.67%,报4.043美元/股,总市值8403.24万美元
Jin Rong Jie· 2025-05-19 14:07
Core Viewpoint - U-BX Insurance (UBXG) has shown a significant increase in net profit despite a decline in total revenue, indicating potential operational efficiency and profitability improvements [1][2]. Financial Performance - As of December 31, 2024, U-BX Insurance reported total revenue of $17.29 million, a decrease of 40.97% year-on-year [1]. - The company achieved a net profit attributable to shareholders of $345,900, reflecting a substantial increase of 259.51% year-on-year [1]. Company Background - U-BX Technology Co., Ltd. was established on June 30, 2021, in the Cayman Islands and operates through a VIE agreement with U-BX China, a company incorporated under Chinese law [1]. - U-BX China has been focused on providing value-added services driven by artificial intelligence technology to businesses in the insurance sector since its establishment in 2018 [1]. Service Offerings - U-BX China's primary services include: 1. Digital promotion services to enhance visibility on social media platforms [2]. 2. Risk assessment services utilizing a proprietary algorithm named "Magic Mirror" to calculate insurance payout risks for auto insurance [2]. 3. Value-added bundled benefits to help large insurance operators attract customers [2].
有家保险上涨2.71%,报3.871美元/股,总市值8045.75万美元
Jin Rong Jie· 2025-05-14 14:20
Core Insights - U-BX Insurance (UBXG) experienced a stock price increase of 2.71% on May 14, closing at $3.871 per share with a total market capitalization of $80.4575 million [1] - For the fiscal year ending December 31, 2024, U-BX Insurance reported total revenue of $17.2875 million, a year-over-year decrease of 40.97%, while net profit attributable to shareholders was $345,900, reflecting a significant increase of 259.51% [1] Company Overview - U-BX Technology Co., Ltd. was established on June 30, 2021, in the Cayman Islands and operates through a VIE agreement with U-BX China, a company incorporated under the laws of the People's Republic of China, headquartered in Beijing [1] - Since its inception in 2018, U-BX China has focused on providing value-added services driven by artificial intelligence technology to businesses in the insurance sector, including insurers and brokers [1] Service Offerings - U-BX China's primary services include: i) digital promotion services, ii) risk assessment services, and iii) bundled value-added benefits [2] - The company assists institutional clients in gaining visibility across various social media platforms, generating revenue based on consumer engagement metrics [2] - U-BX has developed a proprietary algorithm named "Magic Mirror" to assess the payout risks for auto insurance companies, producing personalized risk reports based on vehicle brand, model, travel area, and age [2] - Additionally, U-BX sells bundled benefits, such as car washes and maintenance plans, to large insurance operators or brokers, enabling them to offer these benefits to customers at low or no cost [2]
有家保险上涨9.36%,报4.09美元/股,总市值8500.71万美元
Jin Rong Jie· 2025-04-29 14:45
Core Insights - U-BX Insurance (UBXG) experienced a 9.36% increase in stock price, reaching $4.09 per share, with a total market capitalization of $85.0071 million as of April 29 [1] - Financial data indicates that U-BX Insurance's total revenue for the period ending June 30, 2024, is $51.6001 million, reflecting a year-over-year decrease of 45.29%, while the net profit attributable to shareholders is -$0.7485 million, a significant decline of 463.53% [1] Company Overview - U-BX Technology Co., Ltd. was established on June 30, 2021, in the Cayman Islands and operates through a VIE agreement with U-BX China, a company incorporated under the laws of the People's Republic of China, headquartered in Beijing [1] - Since its establishment in 2018, U-BX China has focused on providing value-added services driven by artificial intelligence technology to enterprises in the insurance industry, including insurance operators and brokers [1] Business Services - U-BX China's business primarily includes three service/product offerings: i) digital promotion services, ii) risk assessment services, and iii) bundled value-added benefits [2] - The company assists institutional clients in gaining visibility across various social media platforms and generates revenue based on consumer engagement metrics [2] - U-BX has developed a proprietary algorithm named "Magic Mirror" to calculate the payout risks for auto insurance companies, generating personalized risk reports based on vehicle brand, model, travel area, and vehicle age [2] - Additionally, U-BX sells bundled benefits, such as car washes and maintenance plans, to large insurance operators or brokers, enabling them to offer these benefits to customers at low or no cost [2]
有家保险上涨2.9%,报3.465美元/股,总市值3394.14万美元
Jin Rong Jie· 2025-04-17 14:48
Core Viewpoint - U-BX Insurance (UBXG) has experienced a significant decline in revenue and net profit, indicating potential challenges in its business model and market conditions [1][2]. Financial Performance - As of June 30, 2024, U-BX Insurance reported total revenue of $51.6 million, a decrease of 45.29% year-over-year [1]. - The company recorded a net profit attributable to shareholders of -$748,500, reflecting a drastic decline of 463.53% compared to the previous year [1]. Company Background - U-BX Technology Co., Ltd. was established on June 30, 2021, in the Cayman Islands and operates through a VIE agreement with U-BX China, which is based in Beijing, China [1]. - Since its inception in 2018, U-BX China has focused on providing value-added services driven by artificial intelligence technology to insurance companies and brokers [1]. Services Offered - U-BX China provides three main services/products: 1. Digital promotion services to enhance visibility on social media platforms [2]. 2. Risk assessment services utilizing a proprietary algorithm named "Magic Mirror" to calculate insurance payout risks for auto insurance [2]. 3. Value-added bundled benefits to help large insurance operators attract customers, including services like car washes and maintenance plans [2].
有家保险上涨3.86%,报4.3美元/股,总市值4212.06万美元
Jin Rong Jie· 2025-04-08 13:59
Group 1 - The core viewpoint of the articles highlights the financial performance and business model of U-BX Technology Co., Ltd, which operates through its variable interest entity U-BX China, focusing on AI-driven services in the insurance industry [1][2][3] Group 2 - As of June 30, 2024, U-BX reported total revenue of $51.60 million, a year-on-year decrease of 45.29%, and a net profit attributable to shareholders of -$748,500, reflecting a significant year-on-year decline of 463.53% [1] - U-BX China's primary services include digital promotion services, risk assessment services, and bundled value-added benefits, aimed at enhancing visibility for institutional clients on social media platforms [2] - The company has developed a proprietary algorithm named "Magic Mirror" to assess the payout risks for auto insurance companies, generating personalized risk reports based on various vehicle parameters [2]
U-BX Technology Ltd. Announces Effective Date of Reverse Stock Split
GlobeNewswire News Room· 2024-11-25 12:00
Core Viewpoint - U-BX Technology Ltd. has announced a reverse stock split of its ordinary shares at a ratio of 1-for-16, which will reduce the number of outstanding shares from 29.7 million to approximately 1.9 million, effective November 27, 2024 [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will automatically combine every sixteen shares into one ordinary share, resulting in a significant reduction in the number of shares outstanding [2]. - The Company has amended its Memorandum of Association to proportionately reduce the number of authorized ordinary shares for issuance and change the par value of post-reverse stock split ordinary shares to $0.0016 per share [2]. - No fractional shares will be issued; shareholders entitled to receive a fractional share will receive one full share instead [3]. Group 2: Company Overview - U-BX Technology Ltd. is headquartered in Beijing and specializes in providing value-added services using artificial intelligence-driven technology to the insurance industry [5]. - The Company's services include digital promotion services, risk assessment services through its "Magic Mirror" algorithm, and bundled benefits for insurance carriers [5].
U-Bx Technology(UBXG) - 2024 Q4 - Annual Report
2024-10-30 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary shares, par value $0.0001 per share UBXG The Nasdaq Stock Market LLC Nasdaq Capital Market FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANS ...
U-Bx Technology(UBXG) - 2024 Q4 - Annual Report
2024-10-30 20:04
Company Structure and Capital - The share capital of U-BX Technology Ltd. is USD 1,000,000, divided into 10,000,000,000 ordinary shares with a par value of USD 0.0001 each [8]. - The company is an exempted company limited by shares, established under the laws of the Cayman Islands [4]. - The financial year end of the company is December 31, or another date as determined by the Directors [13]. - The company has full power and authority to carry out any object not prohibited by the Companies Act or any other law of the Cayman Islands [7]. - The company is not authorized to issue bearer shares, ensuring all shares are registered [25]. - The company may issue shares on terms that they are to be redeemed or are liable to be redeemed at the option of the company or the member [39]. - The company may transfer and be registered as a body corporate limited by shares under the laws of any jurisdiction outside the Cayman Islands [10]. - The Company can transfer and register as a body corporate limited by shares in jurisdictions outside the Cayman Islands, subject to a Special Resolution [169]. - The Company may change its name or amend its Articles and/or Memorandum by Special Resolution, adhering to the Companies Act [170]. Shareholder Rights and Responsibilities - Members are required to pay calls on Shares with at least 14 days' notice, and calls may be paid in installments [50]. - Joint holders of a Share are jointly and severally liable for calls, and the liability remains despite any transfer of the Share [51]. - If a call is not paid by the due date, interest may be charged at a rate determined by the Directors [52]. - Shares may be forfeited if a Member fails to pay a call after a notice period of at least 14 days [54]. - The Company is not obligated to refund any money to Members whose Shares have been forfeited [56]. - A forfeited Share may be sold or disposed of at the Directors' discretion, and proceeds will be used as determined by the Directors [57]. - The registered holder of a Share is treated as the absolute owner, and the Company will not recognize any equitable interests [71]. Directors and Governance - The Company has a board of Directors consisting of not less than one Director, with the ability to impose a maximum or minimum number of Directors as needed [96]. - Directors may be appointed by Ordinary Resolution or by a resolution of the Directors, and they can be removed by similar means [97]. - Each Director holds office for a term fixed by their appointment or indefinitely until certain conditions such as death or resignation occur [98]. - The quorum for Directors' meetings is two if there are two or more Directors, and one if there is only one Director [106]. - Directors may delegate their powers to committees or other Directors, subject to conditions they impose [120]. - The Directors may appoint Officers as necessary, determining their terms and remuneration [124]. - An alternate Director can be appointed by any Director to act in their absence, with full powers [126]. - Directors must act honestly and in good faith in the best interests of the Company [103]. - The minutes of meetings must be recorded, including the names of Directors present [119]. Financial Management and Distributions - The Company may declare and pay distributions from realized and unrealized profits, share premium account, or as permitted by the Companies Act [143]. - Distributions shall be declared and paid according to the par value of the shares held by members [144]. - The Directors may capitalise any sum from reserve accounts or profit and loss accounts for distribution among members [151]. - The Company shall keep proper books of account to provide a true and fair view of its affairs and transactions [156]. - The Directors may appoint an auditor who has the right to access the Company's books and accounts at all times [159]. - Any distribution that remains unclaimed after six months may be paid into a separate account, and unclaimed distributions after six years shall be forfeited [150]. Indemnification and Insurance - The Company may indemnify Directors against liabilities incurred in carrying out their functions, except in cases of actual fraud or wilful default [129]. - The Directors may approve additional remuneration for services beyond ordinary duties [131]. - The Company may maintain insurance for Directors against liabilities incurred in their capacity [135]. Record Keeping and Meetings - The Directors may determine the record date for members entitled to attend meetings or receive distributions [152]. - The Company may divide its assets among Members in kind if wound up, with the liquidator valuing assets as necessary [168].