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9.36%，报4.09美元/股，总市值8500.71万美元