UBOX ONLINE

Beijing Ubox closed at HKD 2.550, up 1.19%, after a morning session dip to HKD 2.380 followed by a recovery and steady afternoon climb to HKD 2.550. The uptick was partly attributed to ongoing share repurchases and a recent blockchain and AI cooperation agreement with Ant Blockchain Technology. Financially, Q4 2025 revenue was HKD 809.8 million (down 3.35% YoY), while net loss narrowed 60.22% to HKD 20.4 million. The stock trades 40.84% below its 52-week high of HKD 4.31 but has regained its 20-day (HKD 2.31) and 60-day (HKD 2.233) moving averages, posting a YTD gain of 4.51%. The PB ratio stands at 1.92x with a market cap of ~HKD 2.51 billion, though the revenue decline remains a headwind.

友宝在线 (2429.HK) 今日冲高回落，上午盘从 2.380 港元跳空高开并一度冲至 2.560 的日内高点，但随后逐步回吐涨幅，最终收于 2.500 港元，较前收盘 2.380 港元上涨 5.04%，全天成交约 166 万股。盘中强势主要受两则消息驱动：公司与蚂蚁区块链签署为期两年的区块链和 AI 合作协议，这被市场视为拓展技术赋能零售场景的积极信号；同时公司近期连续披露股份回购及注销，最新一次回购价介于 2.41 至 2.48 港元。财报层面，公司 Q4 2025 营业收入约 8.10 亿港元，同比微降 3.35%，但净亏损大幅收窄 60.22% 至约 2043 万港元，每股亏损从上年同期的-0.066 港元缩小至-0.0224 港元，亏损收窄趋势持续。当前股价 2.500 港元较 52 周高点 4.310 港元仍下跌 42%，但已站上 20 日均线 2.286 和 60 日均线 2.228。不过，公司目前仍处于亏损状态，PB 约 1.88 倍，未来能否在高估值下维持盈利改善势头仍是市场关注点。