Core Viewpoint - U-BX Insurance (UBXG) experienced a significant stock price increase of 10.1% on August 20, reaching $3.54 per share, with a total market capitalization of $73.58 million, despite a notable decline in revenue [1]. Financial Performance - As of December 31, 2024, U-BX Insurance reported total revenue of $17.29 million, a year-over-year decrease of 40.97% [1]. - The company achieved a net profit attributable to shareholders of $0.35 million, reflecting a substantial year-over-year increase of 259.51% [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 the laws of the People's Republic of China [1]. - U-BX China has been focused on providing value-added services driven by artificial intelligence technology to businesses in the insurance industry since its inception in 2018 [1]. Service Offerings - U-BX China's primary services include: i) Digital promotion services ii) Risk assessment services iii) Value-added bundled benefits [2]. - The company assists institutional clients in gaining visibility on various social media platforms and generates 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 specifications [2]. - Additionally, U-BX 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10.1%，报3.54美元/股，总市值7357.59万美元