①Which shareholders and cornerstone investors are involved in this unlocking? ②What is the recent financial situation of Ubox Online?
Caixin News Agency, November 4 (Editor: Hu Jiarong) Today, Ubox Online (02429.HK), also known as the "first stock of unmanned retail", plunged in relation to a large-scale stock unlocking. As of the time of publication, it fell by 52.69%, to 5.1 Hong Kong dollars.
Note: Trends of Ubox Online
At the same time, the total market value of Ubox Online has dropped from 8.408 billion Hong Kong dollars last Friday to less than 4 billion Hong Kong dollars today.
On the news front, as Ubox Online celebrates its first anniversary of listing, it has ushered in a large-scale wave of stock unlocking. This unlocking involves the company's largest shareholder, Wang Bin, Chen Kunrong, and cornerstone investors such as Nayuki's Tea, Malacca, and others. According to statistics, the number of shares unlocked this time exceeds 0.2 billion shares, accounting for 27.88% of Ubox Online's total share capital.
Note: Shareholder holdings ratio
Note: Percentage of cornerstone investors' holdings
The company's losses in performance continue to widen.
Meanwhile, the financial report of Ubox Online shows that the company has performed poorly in the past few fiscal years. Taking net income as an example, the company made a profit of 45 million in 2019 but continued to incur losses.
Note: Ubox Online's net income performance in the past few years.
Specifically, the net income for 2019, 2020, 2021, 2022, and 2023 are 0.045 billion yuan, -1.172 billion yuan, -0.185 billion yuan, -0.285 billion yuan, -0.327 billion yuan respectively.
For the reasons behind the performance losses, Ubox Online in the unmanned retail industry needs to invest a large amount of funds and manpower in aspects such as technological research and development, equipment maintenance, and market marketing. However, due to generally low profit margins, these investments cannot yield effective returns, leading to continuous expansion of the company's losses.