Core Insights - U-BX Insurance (UBXG) opened at $4.05 per share, up 3.85%, with a total market capitalization of $84.18 million as of August 21 [1] - For the fiscal year ending December 31, 2024, U-BX Insurance reported total revenue of $17.29 million, a decrease of 40.97% year-over-year, while net profit attributable to shareholders was $0.35 million, an increase of 259.51% year-over-year [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 [1] - U-BX China has been focused on providing value-added services driven by AI technology to businesses in the insurance industry since its establishment in 2018 [1] Business Model - U-BX China's services include: i) digital promotion services, ii) risk assessment services, and iii) bundled value-added benefits [2] - The company helps institutional clients gain visibility on 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, generating personalized risk reports based on various vehicle attributes [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]