Delisting risk
ZBAO · NASDAQ · Insurance - Brokers

Zhibao Technology

Embedding customized insurance in business channels through a China-based digital brokerage platform.

$0.1699
After-hours close−0.00 (−0.12%)
At close$0.1701(−2.63%)
Loading prices…

Profile

Zhibao Technology Inc. Class A Ordinary SharesZBAOFinancials

Connects insurers with business channels in China, embedding customized insurance in end-customer journeys and earning mainly insurer-paid brokerage fees. Operates through PRC subsidiaries within a Cayman Islands holding-company structure, with revenue concentrated in digital insurance brokerage.

Connects insurers with business partners in China through a digital 2B2C embedded-insurance model. Its proprietary platform supports customized policy solutions, channel-system integration, distribution, and customer support across travel, outdoor activities, logistics, utilities, and e-commerce.

Earns most revenue from insurance brokerage fees paid by insurers after end users buy and pay for policies; MGU service fees provide a smaller line. Operations are conducted through PRC subsidiaries, while the Nasdaq-listed Cayman holding company has no material operations.

Relies chiefly on digital brokerage transaction volume and insurer relationships. All long-lived assets and substantially all revenue are in the PRC, while founder Botao Ma holds significant voting control through Class B shares.

Company facts

CEOBotao Ma
ListedApr 2, 2024
ExchangeNASDAQ
HeadquartersShanghai, China
CountryCayman Islands
Employees137
CIK0001966750
ISINKYG989MC1063

Key statistics

Market cap$5.6M
EPS (ttm)−$0.3027
P/E (ttm)−0.5656
ROE-424.2%
P/B13.34
P/S0.0866
Dividend yield
Beta0.60vs XLF −0.15

Year to date −81.1% · Average volume (30d) 42.5M

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate$0.39
Reported−$0.13−133.4%

Revenue

Estimate$29.2M
Reported$202.2M+593.3%

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Mar 31, 2026Q2 FY26$0.39−$0.13−133.4%$29.2M$202.2M+593.3%−2.62%
Jun 30, 2025−$0.26$18.0M−10.90%
Dec 31, 2024Q1 FY25−$0.01$20.4M+1.91%
Sep 30, 2024Q4 FY24$0.02$0.00−107.3%$11.8M$10.4M−11.4%+1.36%
View details

Financial highlights

12 quartersQ4 FY24Q1 FY25Q2 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$14.9M$10.9M$22.1M$19.2M$15.3M$30.1M
Gross profit$5.9M$3.2M$6.2M$9.7M$5.3M$10.2M
Operating income$2.8M$283.0K$901.3K−$8.6M$344.4K$497.1K
Net income$3.3M−$48.0K−$97.5K−$9.0M−$322.2K−$632.4K
Diluted EPS$0.10−$0.00−$0.00−$0.28−$0.01−$0.02
Gross margin39.6%29.1%28.1%50.5%34.8%34.0%
Operating margin18.6%2.6%4.1%-44.9%2.2%1.7%

Fiscal years (4-quarter sums)FY22 $24.3M · FY23 $25.2M · FY24 $34.8M

Balance sheet, Dec 31, 2025Cash & short-term investments $585.3K · Total debt $861.2K · Total assets $6.0M · Shareholders' equity $423.0K

Dividends

No dividends on record.

Ownership

Institutions 0.24%79.0K sharesInsiders 56.20%18.36M sharesOther 43.56%14.23M shares

Shares outstanding 32.67M · Float

Float — provider float is below the insider stake.

The provider's float is smaller than the insider stake it should exclude, so it is not shown.

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Botao Ma16.82M49.40%13GMar 27, 2026
Beijing Koala Kunlu Internet Industry Investment Fund (Limited Partnership)3.66M22.20%13GDec 1, 2025
Ningbo Pangu Chuangfu Hefu Equity Investment Partnership (Limited Partnership)1.81M10.50%13GJul 2, 2026
Beijing 1898 Youchuang Investment Center (Limited Partnership)1.11M6.80%13GOct 10, 2025
Xiao Luo · officer: Chief Marketing Officer562.2K1.72%Form 4Aug 3, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • Yuanbao (ADR)

    Digital insurance distribution contests carriers and online policyholders.

  • Waterdrop (ADR)

    Online life and health brokerage contests digital policy distribution.

  • Huize (ADR)

    Life, health, and P&C intermediation overlaps in digital policy sales.

  • Cheche Group

    Insurance-transaction SaaS and brokerage overlap in embedded channel workflows.

  • AIFU

    Commercial brokerage overlaps at the insurer interface.

CompareAfter-hours close

CompanyPriceChange
Zhibao Technology$0.1699−0.12%$5.6M0.1
Yuanbao (ADR)$13.49−0.15%$103.6M0.30.1+43.1%
Waterdrop (ADR)$1.02+2.74%$359.0M0.90.5+73.9%
Huize (ADR)$1.64+0.61%$842.6K1.40.0+91.5%
Cheche Group$15.33−0.78%$36.3M0.1+78.0%
AIFU$22.00+2.85%$126.5M0.71.5
Median0.90.70.1+76.0%