ZBAO on Nasdaq

Zhibao Technology Inc.

Zhibao Technology Inc. is an insurance agents company in the Cayman Islands, listed on Nasdaq (ZBAO).1 It is headquartered in Shanghai, China.1

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Last updated Oct 21, 2026.

Overview

$38.7MRevenue, fiscal 20252
-$8.7MNet income, fiscal 20252

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  • TickerZBAO on Nasdaq1
  • IndustryInsurance Agents, Brokers & Service1
  • HeadquartersShanghai, China1
  • Incorporated inCayman Islands3
  • Business addressBuilding 10, 860 Xinyang Road, Lingang New Area, Shanghai, F4 0000003
  • Filer categoryNon-accelerated filer, Emerging growth company3

Brokers became a wholly-owned subsidiary of Zhibao China, primarily providing insurance brokerage services.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

41.0%Gross margin2
-19.3%Operating margin2
-22.4%Net margin2
53.0%Revenue growth, 20252
-251.2%Return on equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue59¢$22.8M
  • Research and development4¢$1.5M
  • Other costs36¢$14.0M
  • Income tax1¢$364.4K

Out of $38.7M in revenue.2 The company lost money this year.

Financial statements

Revenue52$38.7M in 2025+644213% since 2021
0$10.0M$20.0M$30.0M$40.0M2021: $6.0K$6.0K20212024: $25.3M$25.3M2024+421129%2025: $38.7M$38.7M2025+53%
Gross profit52$15.9M in 2025+54% since 2024
0$5.0M$10.0M$15.0M$20.0M2024: $10.3M$10.3M20242025: $15.9M$15.9M2025+54%
Operating income52-$7.5M in 2025
-$7.5M-$5.0M-$2.5M0$2.5M2024: $1.4M$1.4M20242025: -$7.5M-$7.5M2025
Net income52-$8.7M in 2025
-$10.0M-$5.0M0$5.0M2024: $1.8M$1.8M20242025: -$8.7M-$8.7M2025
Fiscal year20212022202320242025
Revenue6.0K CNY5$25.3M5$38.7M2
Cost of revenue$15.0M5$22.8M2
Gross profit$10.3M5$15.9M2
Research and development$2.1M5$1.5M2
Operating expenses$8.9M5$23.3M2
Operating income$1.4M5-$7.5M2
Income before tax$2.6M5-$9.0M2
Income tax$758.3K5-$364.4K2
Net income$1.8M5-$8.7M2
Earnings per share$0.065-$0.272
Earnings per share (diluted)$0.065-$0.272
Shares (weighted, basic)26.3M shares526.7M shares230.4M shares232.0M shares2
Shares (weighted, diluted)26.3M shares526.7M shares230.4M shares232.0M shares2

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Corporate structure

Zhibao Technology Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Zhibao Technology Inc.

  • Zhibao Technology Inc. Shanghai, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Zhibao Technology Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software6.2M CNY2 Jun 30, 20256.2M CNY2 Jun 30, 20240%
Property and equipment, net$19.9K2 Jun 30, 2025$32.1K5 Jun 30, 2024−37.9%
Operating-lease assets (leased space)$555.1K2 Jun 30, 2025$455.9K5 Jun 30, 2024+21.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.4M2 Jun 30, 2025$330.5K5 Jun 30, 2024+334.4%
Stakes in other companies (equity method)$349.0K2 Jun 30, 2025

Intangibles and goodwill

ItemLatestA year beforeChange
Accumulated amortization4.6M CNY2 Jun 30, 20253.6M CNY2 Jun 30, 2024+29.0%
Finite-lived intangibles, net$214.9K2 Jun 30, 2025$355.2K5 Jun 30, 2024−39.5%

Leadership

Who has led Zhibao Technology Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Botao Ma2026–now

Chief operating officer

  1. Xiaowei Le2026–now
Board members and other officers (9)

Timeline

  1. Mar 18, 2026New chief executive Botao Ma becomes CEO6

Filings

138 filings to the SEC since October 2021: 4 annual reports, 23 insider forms, 4 large holders, 107 other. The latest 20:

  1. Oct 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Oct 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Sep 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Sep 10, 2026EFFECT EDGAR
  6. Sep 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Aug 31, 2026F-1 REGISTRATION STATEMENT EDGAR
  8. Aug 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Aug 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Aug 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Aug 3, 20264 EDGAR
  12. Aug 3, 20264 EDGAR
  13. Aug 3, 20264 EDGAR
  14. Aug 3, 20264 EDGAR
  15. Aug 3, 20264 EDGAR
  16. Aug 3, 20264 EDGAR
  17. Aug 3, 20264 EDGAR
  18. Jul 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Jul 23, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Jul 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 138 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Zhibao Technology Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARZhibao Technology Inc.1
  • CIK0001966750
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsJune 301
  • Industry code (SIC)6411 Insurance Agents, Brokers & Service1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressBuilding 10, 860 Xinyang Road, Lingang New Area, Shanghai, F4 0000001
  • Phone8621508965021
  • Shares outstanding16,105,132 Common Class A shares; 16,816,692 Common Class B shares as of Jun 30, 20254
  • AuditorHYYH CPA. LLC, Baltimore, Maryland PCAOB ID 7302; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 23, 20231
  • Filings138 in all: 6-K (37), F-1/A (14), CORRESP (13), 3 (12), 4 (11), UPLOAD (11), EFFECT (8), F-1 (7)1
    All 24 form types

    SCHEDULE 13G (4), DRS/A (3), DRSLTR (3), 20-F (2), 20-F/A (2), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), F-3 (1), NT 20-F (1), POS AM (1), POS EX (1), RW (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Jan 9, 2026

Securities registered for trading

ClassSymbolExchange
Class A ordinary shares, of par value US$0.0001 per shareZBAONasdaq

From the cover page of the 20-F filed Jan 9, 2026 (Section 12(b) of the Exchange Act).4