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MARKETS / NASDAQ / ZBAO
NASDAQ · INSURANCE AGENTS, BROKERS & SERVICE · SMALL CAP

Zhibao Technology Inc. ZBAO

5 fiscal years on record · CNY · FY2024 reported · SEC filings only
$276.9M
CNY -62.0M
▼ 568.0% YoY
In brief

What this company does

Zhibao Technology Inc. conducts a one-stop customized insurance brokerage model through Zhibao China Group, digitally embedding proprietary insurance solutions into the customer engagement channels of business partners to reach those partners' end customers. As of the date of the annual report, the company had cooperated with more than 2,400 B channels and secured more than 24 million end customers through Zhibao China Group. Zhibao Technology Inc. operates as a holding company that conducts substantially all of its business through its PRC Subsidiaries, particularly Zhibao China and Sunshine Insurance Brokers. Its revenue consists of Insurance Brokerage Fees, which Zhibao China Group receives from insurance companies for digital insurance brokerage services, and MGU Service Fees, which Zhibao China Group receives from insurance companies for MGU services. Insurance Brokerage Fees accounted for approximately 94% and 99% of total revenues for the fiscal years ended June 30, 2024 and 2025, respectively. MGU Service Fees accounted for approximately 6% and 1% of total revenues for the same two fiscal years, respectively. Zhibao Technology Inc. is an exempted company incorporated under the laws of the Cayman Islands on January 11, 2023. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020.

Written from the business description in Zhibao Technology Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 9 January 2026. Every sentence was checked against that document before publication.

Growth
USD 276.9M
Revenue, FY2024 · full 5-year series below
Revenue CNY M Net income CNY M
FY2023 · Revenue 183.7 · Net income 13.3
80M160M-20M-40M20202021202220232024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
Operating margin Net margin
FY2023 · Operating 5.5% · Net 7.2%
5%10%-10%-20%-30%20202021202220232024
ROE
FY2024 · ROE -139.9%
50%100%150%-50%-100%-150%20202021202220232024

Each CNY of equity lost 140 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks

Total assetsCNY 170.8M
EquityCNY 24.7M
CashCNY 10.3M
Gross debtCNY 21.8M
Net debtCNY 11.5M
Current ratio1.00×

Net debt stands at 47% of equity.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 20242023202220212020
Revenue CNY B·0.20.10.10.0
Operating income CNY B−0.10.0−0.00.0·
EBITDA CNY B·····
Income tax CNY B−0.00.00.0−0.0·
Net income CNY B−0.10.0−0.00.0·
Free cash flow CNY B·−0.0···
EPS, diluted CNY −1.940.44−1.610.54·
Dividend / sh CNY ·····
Payout %·····
ROE %−139.927.8−171.9174.2·
Shares out B··0.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 1 failures in 19 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 76 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityInsurance Agents, Brokers & Service
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsJune 30
SEC categoryemerging growth company
Data on record since2020

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