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]
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