Security
Zhibao Technology Inc. Class A Ordinary Shares · ZBAO
ZBAONASDAQCommon stockCurrentCIK 1966750Updated Oct 9, 2026
ZBAO price & chart
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NASDAQ:ZBAO on TradingView ↗About the company
We are a leading and high growth InsurTech company primarily engaged in providing digital insurance brokerage services through Zhibao China Group in China. To-business-to-customer (“2B2C”) digital embedded insurance is our innovative business model, which Zhibao China Group pioneered in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, which is powered by their proprietary Platform as a Service (“PaaS”).
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 23,837,118Source | 28,730,136Source |
| Property, Plant and Equipment, NetUSD | 19,946Source | 32,113Source |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,435,606Source | 330,457Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 15,923,640Source | 17,937,366Source |
| Assets, CurrentUSD | 20,171,534Source | 27,184,025Source |
| Prepaid Expense and Other Assets, CurrentUSD | 952,606Source | 1,305,243Source |
| Operating Lease, Right-of-Use AssetUSD | 555,140Source | 455,914Source |
| Other Assets, NoncurrentUSD | 87,198Source | 7,018Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 20,389,997Source | 19,924,710Source |
| Stockholders’ equity: | ||
| Retained Earnings (Accumulated Deficit)USD | -27,061,992Source | -18,142,067Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -123,505Source | -31,493Source |
| Stockholders' Equity Attributable to ParentUSD | 3,447,121Source | 8,805,426Source |
| Additional Paid in Capital, Common StockUSD | 30,629,325Source | 26,975,834Source |
| Liabilities and EquityUSD | 23,837,118Source | 28,730,136Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 20,119,947Source | 19,411,735Source |
| Operating Lease, Liability, CurrentUSD | 290,133Source | 333,710Source |
| Accounts Payable, CurrentUSD | 8,181,756Source | 7,052,641Source |
| Operating Lease, Liability, NoncurrentUSD | 270,050Source | 143,669Source |
| Deferred Income Tax Liabilities, NetUSD | — | 369,306Source |
| Additional Financial Items | ||
| Deferred Tax Liabilities, NetCNY | 6,056,427Source | 2,683,818Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 13,647Source | — |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | -549,797Source | 9,007,124Source |
| Increase (Decrease) in Accounts PayableUSD | 1,027,119Source | 2,726,831Source |
| Deferred Income Tax Expense (Benefit)USD | -366,654Source | 756,349Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -2,886,325Source | -524,185Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,090,430Source | -81,509Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 37,993Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,380,330Source | 4,252,994Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -3,715,397Source | 3,615,103Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,726,242Source | 6,349,809Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 170,824Source | 585,563Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -118,972Source | -32,197Source |
| Additional Financial Items | ||
| Accretion ExpenseUSD | 385,524Source | — |
| Amortization of Intangible AssetsUSD | 145,403Source | 146,461Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -144,000Source | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | 277,200Source | — |
| Gain (Loss) on Termination of LeaseUSD | 4,791Source | -6,460Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | 1,237,938Source |
| General and Administrative ExpenseUSD | 6,144,451Source | 2,470,592Source |
| Income Tax Expense (Benefit)USD | -364,441Source | 758,308Source |
| Net Income (Loss) Attributable to ParentUSD | -8,657,602Source | 1,823,501Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 1,823,501Source |
| Nonoperating Income (Expense)USD | -1,548,426Source | — |
| Operating ExpensesUSD | 23,327,267Source | 8,896,635Source |
| Operating Lease, ExpenseUSD | 328,482Source | 321,328Source |
| Other Nonoperating Income (Expense)USD | -213,997Source | 69,849Source |
| Payments to Acquire InvestmentsUSD | 348,987Source | — |
| Proceeds from Contributed CapitalUSD | 809,644Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 276,936,030Source | 183,669,326Source |
| Unrealized Gain (Loss) on DerivativesUSD | -1,001,586Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 38,658,779Source | 25,273,740Source |
| Cost of Goods and Services Sold | — | — |
| Operating Income (Loss)USD | -7,473,617Source | 1,390,790Source |
| Other Nonoperating Income (Expense)USD | -213,997Source | 69,849Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -9,022,043Source | 2,581,809Source |
| Income Tax Expense (Benefit)USD | -364,441Source | 758,308Source |
| Net Income (Loss) Attributable to ParentUSD | -8,657,602Source | 1,823,501Source |
| Earnings Per Share, BasicUSD per share | -0.27Source | 0.06Source |
| Earnings Per Share, DilutedUSD per share | -0.27Source | 0.06Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 31,986,420Source | 30,367,806Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 31,986,420Source | 30,367,806Source |
| Additional Financial Items | ||
| Amortization of Intangible AssetsUSD | 145,403Source | 146,461Source |
| Current Income Tax Expense (Benefit)CNY | 15,853Source | 14,237Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 158,035Source | 152,687Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | 277,200Source | — |
| General and Administrative ExpenseUSD | 6,144,451Source | 2,470,592Source |
| Gross ProfitUSD | 15,853,650Source | 10,287,425Source |
| Interest Expense, DebtCNY | — | 986,785Source |
| Interest Income (Expense), Nonoperating, NetUSD | -461,343Source | -116,768Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 1,823,501Source |
| Nonoperating Income (Expense)USD | -1,548,426Source | — |
| Operating ExpensesUSD | 23,327,267Source | 8,896,635Source |
| Operating Lease, ExpenseUSD | 328,482Source | 321,328Source |
| Research and Development ExpenseUSD | 1,515,431Source | 2,076,814Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 276,936,030Source | 183,669,326Source |
| Selling and Marketing ExpenseUSD | 15,667,385Source | 4,349,229Source |
Offerings
Registration 333-298651
Registration 333-295272
Registration 333-286140
Registration 333-290132
Registration 333-284215
Filing attachments
ea030806401ex99-1.htm · 6-K · 2026-10-08
Exhibit 99.1 Zhibao Technology Inc. announces reverse share split Shanghai, China, October 8, 2026 (GLOBE NEWSWIRE) - Zhibao Technology Inc. (Nasdaq: “ZBAO”, “Zhibao” or the “Company”), today announced that it will proceed with a 1-for-50 reverse stock split (“Reverse Share Split”) of its Class A ordinary shares following approval by shareholders at an extraordinary general meeting of shareholders held on September 29, 2026. The Reverse Share Split is expected to become effective on October 1…
Read attachment ↗ea030683701ex99-1.htm · 6-K · 2026-09-28
Exhibit 99.1 Zhibao Technology Signs Definitive Agreement to Acquire NEXSYS TECH for Planned AI Computing Infrastructure Business KEY HIGHLIGHTS Strategic Acquisition: Zhibao Technology Inc. (NASDAQ: ZBAO) (“Zhibao,” “we,” or the “Company”) has entered into a definitive Merger and Acquisition Agreement dated September 28, 2026, to acquire 100% of the issued shares of NEXSYS TECH SDN. BHD. (“NEXSYS”), a newly incorporated Malaysian entity set to develop an AI computing infrastructure…
Read attachment ↗ea030683701ex99-2.htm · 6-K · 2026-09-28
Exhibit 99.2 Merger and Acquisition Agreement Seller Name: CHOI SAI WAI (the “Seller”), the sole shareholder of the Target Company Address: SSMOSENTRAL, NO. 7, JALAN STESEN SENTRAL 5, KUALA LUMPUR SENTRAL, 50623 KUALA LUMPUR. Purchaser Name: Zhibao Technology Inc. (the “Purchaser”) Registered Address：Sertus Chambers, Governors Square, Suite # 5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547, Grand Cayman, Cayman Islands 1、Recitals Target Company: NEXSYS TECH SDN. BHD., a company incorporat…
Read attachment ↗ea030582501ex4-1.htm · 6-K · 2026-09-17
Exhibit 4.1 NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS NOTE NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (A) IN THE ABSENCE OF (I) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT, OR (II) AN OPINION OF COUNSEL TO THE HOLDER (IF REQ…
Read attachment ↗ea030476301ex99-1.htm · 6-K · 2026-09-10
Exhibit 99.1 ZHIBAO TECHNOLOGY INC. (incorporated as an exempted company in the Cayman Islands with limited liability) NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting of shareholders (the “Meeting”) of Zhibao Technology Inc. (the “Company”) will be held on September 29, 2026 at 9:00 p.m., Beijing time (September 29, 2026 at 9:00 a.m., Eastern Time) at Floor 3, Building 6, Wuxing Road, Lane 727, Pudong New Area, Shanghai, Ch…
Read attachment ↗ea030476301ex99-2.htm · 6-K · 2026-09-10
Exhibit 99.2 Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. T03800-S48334!!!!!!!!!!!!!!! ZHIBAO TECHNOLOGY INC. FLOOR 3, BUILDING 6, WUXING ROAD LANE 727, PUDONG NEW AREA SHANGHAI, CHINA, 201204 1. THE SHARE CAPITAL INCREASE PROPOSAL. "It is resolved, as an ordinary resolution, that the auth…
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