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Company price
10.43 USD -1.06 ( 9.23%)
Last update at 2026-11-03T21:00:00Z
VOLUME
53111
Market Cap
24.14M

Momentum Score

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MindForge Inc., together with its subsidiaries, focuses on providing value-added services using artificial intelligence-driven technology to businesses in the insurance industry in China. It offers digital promotion services; risk assessment services; and value-added bundled benefits, including auto maintenance, auto value-added, vehicle moving notification, and other services to property and auto insurance carriers, and insurance brokers. The company also provides insurance-related information to individual consumers; and Magic Mirror algorithm to calculate payout risks for insurance carriers to underwrite auto insurance coverage. The company was formerly known as U-BX Technology Ltd. and changed its name to MindForge Inc. in July 2026. MindForge Inc. was founded in 2018 and is based in Beijing, China.

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Day Price Range
9.99
Low
11.25
High
52 Week Price Range
2.12
Low
83.50
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
11.49
Dividend Yield
-
Revenue TTM
24.04M
Revenue Per Share
29.27
Gross Profit TTM
0.07M
Debt / Equity
0.02
ROE
-46.59%
Net Debt
-10.79M
ROCE
-14.96%
Diluted EPS TTM
-21.70

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-06-30 2024-06-30 2023-06-30 2022-12-31 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2025-06-30 2024-06-30 2023-06-30 2022-12-31 2022-06-30
Income before tax -2.95M -0.61M 0.24M -3849.80M 0.22M
Minority interest - - - 12.68M -
Net income -2.72M -0.75M 0.21M -3849.84M -0.05M
Selling general administrative - 1.57M 1.46M 3778.42M 1.34M
Selling and marketing expenses - - - 903.35M -
Gross profit 0.25M 0.69M 1.61M 820.50M 1.47M
Reconciled depreciation - 0.01M 0.00M 102.06M 0.00M
Ebit -2.92M -0.59M 0.25M -3861.27M 0.22M
Ebitda -2.90M -0.58M 0.25M -3814.10M 0.23M
Depreciation and amortization 0.02M 0.01M 0.00M 47.17M 0.00M
Operating income -3.11M -0.87M 0.15M -3861.27M 0.13M
Other operating expenses 32.78M 52.47M 94.16M 10812.81M 86.55M
Interest expense 0.03M 0.01M 0.00M - 0.00M
Tax provision - 0.14M 0.04M 0.10M 0.27M
Interest income - 0.26M 0.00M - 0.00M
Net interest income - 0.25M 0.00M -216.14M 0.00M
Income tax expense -0.24M 0.14M 0.04M 0.04M 0.27M
Total revenue 29.67M 51.60M 94.32M 6951.53M 86.68M
Total operating expenses 3.36M 1.57M 1.46M 4681.77M 1.34M
Cost of revenue 29.42M 50.91M 92.70M 6131.04M 85.21M
Total other income expense net 0.15M 0.27M 0.09M 11.47M 0.10M
Net income from continuing ops - -0.75M 0.21M -1523.56M -0.05M
Breakdown 2025-06-30 2024-06-30 2023-06-30 2022-12-31 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2025-06-30 2024-06-30 2023-06-30 2022-12-31 2022-06-30
Total assets 20.98M 16.79M 4.85M 3453.48M 22.90M
Intangible assets 0.01M 0.01M - 18.01M -
Other current assets 3.65M 11.51M 3.05M 61.24M 20.63M
Total liab 1.96M 2.92M 3.78M 3614.06M 21.99M
Total stockholder equity 19.02M 13.87M 1.07M -169.47M 0.91M
Other current liab 0.87M 0.61M 0.55M 298.05M 0.05M
Common stock 0.03M 0.00M 0.00M 0.45M 0.00M
Capital stock - 0.00M 0.00M 0.45M 0.00M
Retained earnings -3.76M -1.23M -0.21M -13532.81M -0.35M
Good will - - - 5.83M -
Cash 11.18M 4.83M 1.29M 1060.97M 1.52M
Total current liabilities 1.47M 2.91M 3.78M 3299.30M 21.99M
Current deferred revenue - - 1.78M 167.64M 20.90M
Net debt -10.79M -4.12M -1.16M 456.75M -1.52M
Short term debt 0.40M 0.71M 0.14M 1227.88M -
Short long term debt - 0.70M 0.14M 5.04M -
Short long term debt total 0.40M 0.72M 0.14M 1517.71M -
Other stockholder equity 22.41M 14.58M 1.04M 13434.49M 1.04M
Total current assets 15.06M 16.74M 4.60M 2457.47M 22.43M
Long term investments - - - 13.76M -
Short term investments - - - 843.98M -
Net receivables 0.23M 0.40M 0.26M 111.34M 0.28M
Inventory - - - 149.53M -
Accounts payable 0.20M 0.72M 0.57M 1605.73M 0.28M
Accumulated other comprehensive income 0.33M 0.53M 0.24M -71.60M 0.21M
Non currrent assets other 0.01M 0.02M 0.25M 29.12M 0.47M
Non current assets total 5.92M 0.05M 0.25M 996.01M 0.48M
Capital lease obligations - 0.01M 0.00M 0.00M -
Breakdown 2025-06-30 2024-06-30 2023-06-30 2022-12-31 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2025-06-30 2024-06-30 2023-06-30 2022-12-31 2022-06-30
Investments - - - 581.25M -
Total cashflows from investing activities 3.81M -9.47M -0.00M - -0.00M
Net borrowings - 0.56M 0.14M - 0.00M
Total cash from financing activities 5.39M 14.34M 0.16M 3691.16M 0.42M
Net income -2.72M -0.75M 0.21M -3849.84M -0.05M
Change in cash 6.35M 3.54M -0.22M 174.29M 0.73M
Begin period cash flow 4.83M 1.29M 1.52M 922.38M 0.79M
End period cash flow 11.18M 4.83M 1.29M 1096.67M 1.52M
Total cash from operating activities -2.82M -1.35M -0.28M -2589.04M 0.36M
Issuance of capital stock - 13.78M 0.00M 0.00M 0.90M
Depreciation 0.02M 0.01M 0.00M 126.56M 0.00M
Other cashflows from investing activities 9.68M -9.46M - - -
Change to inventory -1.57M 0.93M 16.65M 26.58M -20.82M
Change to account receivables 0.17M -0.13M -0.00M -50.84M 0.80M
Other cashflows from financing activities - - 0.01M 4498.00M -0.48M
Capital expenditures 5.78M 0.01M 0.00M 138.33M 0.00M
Change in working capital -2.26M -0.75M -0.49M 354.41M 0.42M
Stock based compensation - - - 810.18M -
Other non cash items 2.13M 0.13M -0.00M 12.11M -0.01M
Free cash flow -8.60M -1.37M -0.29M -2727.37M 0.36M

Peer Comparison*

Sector: Communication Services Industry: Advertising Agencies

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
MF
MindForge Inc.
-1.06
9.23%
10.43 - - 1.00 0.64 0.54
APP
Applovin Corp
15.77
6.89%
244.62 49.00 31.75 30.27 77.57 30.41
PGPEF
Publicis Groupe S.A
-
-%
109.60 15.93 11.57 1.55 2.24 1.76
PUBGY
Publicis Groupe SA
0.01
0.04%
28.26 16.35 11.74 1.57 2.27 1.76
OMC
Omnicom Group Inc
-1.14
1.35%
82.86 12.68 11.89 1.17 5.11 1.58

Profile*

MindForge Inc.

MindForge Inc., together with its subsidiaries, focuses on providing value-added services using artificial intelligence-driven technology to businesses in the insurance industry in China. It offers digital promotion services; risk assessment services; and value-added bundled benefits, including auto maintenance, auto value-added, vehicle moving notification, and other services to property and auto insurance carriers, and insurance brokers. The company also provides insurance-related information to individual consumers; and Magic Mirror algorithm to calculate payout risks for insurance carriers to underwrite auto insurance coverage. The company was formerly known as U-BX Technology Ltd. and changed its name to MindForge Inc. in July 2026. MindForge Inc. was founded in 2018 and is based in Beijing, China.

Zhongguan Science and Technology Park, Beijing, China, 101300

86 10 0651 20297

15

Name Title Year Born
Mr. Zheng Xu Founder, Chairman & CEO 1981
Mr. Yang Li CTO & Head of on-demand DMW Retail Bus. 1990
Mr. Jian Chen Founder, CEO & Director 1988
Mr. Qingcai Li Chief Financial Officer 1986

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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