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2.71%，报3.871美元/股，总市值8045.75万美元