According to the Wisdom Financial App, Youbao Online (02429) rose nearly 17% in intraday trading, and as of press time, it rose 10.85%, to HK$20.95, with a turnover of HK$34.4172 million.

In terms of news, Youbao Online announced that it had submitted a filing application for the complete circulation of H shares to the China Securities Regulatory Commission on June 5, 2024, and plans to convert 65.113 million A shares into H shares on a one-to-one basis. And seek trading on the Hong Kong Stock Exchange.

Anxin International previously released a research report stating that China's unmanned retail industry is in its early stages and has great potential for development in the future. Youbao Online, as China's largest unmanned retail business operator, has a large scale advantage and technological advantage. In 2024, the company will achieve rapid expansion through franchising, which is a critical year for both scale expansion and profit improvement.