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Zhibao Technology Inc., through its subsidiaries, provides digital insurance brokerage services in the People's Republic of China. The company also offers managing general underwriter services. In addition, it provides insurance product design and customization, selection of insurance companies, technology system interconnection and delivery, customer AARRR (Acquisition, Activation, Retention, Referral, and Revenue) operation, customer service, compliance management, and data analysis. Further, the company operates a digital insurance brokerage platform that offers a portfolio of 2B2C (to-business-to-customer) insurance tools for building the systems required for various insurance solutions. Additionally, it engages in research and development; offline insurance brokerage consulting; and healthcare services. The company serves the travel, outdoor activity, sports, logistics and supply chain, municipal gas and electricity utilities, and e-commerce industries. Zhibao Technology Inc. was founded in 2015 and is headquartered in Shanghai, China.
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Public information on Zhibao Technology Inc. (NASDAQ: ZBAO) is limited; company filings and disclosures do not clearly define a stable core business, product set, or market focus. Because substantive details on operations and long-term growth drivers are sparse, investors should treat the name as speculative and consult recent SEC filings, audited financials and management disclosures for confirmation.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -64.63M | 18.76M | 18.76M | -42.56M | 12.15M |
| Net income | -62.02M | 13.25M | 13.25M | -43.10M | 14.26M |
| Selling general administrative | 44.02M | 17.95M | 49.56M | 93.49M | 26.79M |
| Selling and marketing expenses | 112.23M | 31.61M | - | - | - |
| Gross profit | 113.57M | 74.76M | 74.76M | 58.62M | 47.17M |
| Reconciled depreciation | - | 3.22M | 3.26M | 3.34M | 3.39M |
| Ebit | -61.33M | 19.61M | - | - | - |
| Ebitda | -58.10M | 22.87M | - | - | - |
| Depreciation and amortization | 3.22M | 3.26M | - | - | - |
| Operating income | -53.54M | 10.11M | 10.11M | -44.55M | 12.64M |
| Other operating expenses | 330.47M | 173.56M | - | - | - |
| Interest expense | 3.30M | 6.17M | 0.85M | 0.91M | 1.17M |
| Tax provision | - | -2.61M | 5.51M | 0.54M | -2.11M |
| Net interest income | - | -3.30M | -0.85M | -0.91M | -1.17M |
| Income tax expense | -2.61M | 5.51M | - | - | - |
| Total revenue | 276.94M | 183.66M | 183.67M | 142.10M | 108.22M |
| Total operating expenses | 167.11M | 64.65M | 173.56M | 186.66M | 95.58M |
| Cost of revenue | 163.37M | 108.91M | 108.91M | 83.49M | 61.05M |
| Total other income expense net | -11.09M | 8.66M | 9.50M | 2.91M | 0.67M |
| Net income from continuing ops | - | -62.02M | 13.25M | -43.10M | 14.26M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 170.59M | 28.73M | 208.79M | 128.04M | 95.90M |
| Intangible assets | 1.54M | 0.36M | 2.58M | 2.18M | 1.87M |
| Other current assets | 10.30M | 6.01M | 0.63M | - | - |
| Total liab | 145.92M | 19.93M | 144.80M | 96.58M | 77.21M |
| Total stockholder equity | 24.67M | 8.81M | 63.99M | 31.46M | 18.68M |
| Other current liab | 17.13M | -2.45M | - | - | - |
| Common stock | 0.02M | 0.00M | - | - | - |
| Capital stock | - | 0.02M | 0.02M | 0.02M | 0.02M |
| Retained earnings | -193.67M | -18.14M | -131.84M | -137.54M | -94.45M |
| Other assets | 23.83M | 28.73M | - | - | - |
| Cash | 10.27M | 0.33M | 2.40M | 9.87M | 2.59M |
| Total current liabilities | 143.99M | 19.41M | 141.07M | 94.30M | 76.46M |
| Current deferred revenue | - | -4.34M | - | - | - |
| Net debt | 17.22M | 3.84M | 24.41M | 17.39M | 25.41M |
| Short term debt | 25.56M | 4.02M | - | - | - |
| Short long term debt | - | 23.51M | 26.81M | 27.27M | 28.00M |
| Short long term debt total | 27.49M | 4.17M | - | - | - |
| Other stockholder equity | 219.20M | 26.98M | - | - | - |
| Total current assets | 144.36M | 27.19M | 197.55M | 113.71M | 84.21M |
| Long term investments | - | 2.50M | 0.00M | - | - |
| Net receivables | 123.78M | 20.85M | 130.35M | 77.75M | 49.80M |
| Accounts payable | 101.30M | 12.33M | 89.63M | 31.44M | 21.39M |
| Accumulated other comprehensive income | -0.88M | -0.03M | - | - | - |
| Non currrent assets other | 18.08M | 0.70M | 5.05M | 6.21M | 5.82M |
| Non current assets total | 26.23M | 1.55M | 11.24M | 14.33M | 11.69M |
| Capital lease obligations | - | 4.01M | 3.47M | 4.28M | 1.61M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | - | -0.59M | 13.97M | -3.19M |
| Total cashflows from investing activities | -14.87M | -0.08M | - | - | - |
| Net borrowings | - | 8.04M | -0.74M | - | - |
| Total cash from financing activities | 9.80M | 4.25M | 30.91M | -4.56M | 6.65M |
| Net income | -61.57M | 13.25M | 13.25M | -43.10M | 14.26M |
| Change in cash | -26.04M | 26.27M | 26.27M | 8.30M | 2.47M |
| Begin period cash flow | 40.57M | 19.87M | 19.87M | 11.57M | 9.11M |
| End period cash flow | 14.53M | 46.15M | 46.15M | 19.87M | 11.57M |
| Total cash from operating activities | -20.53M | -3.81M | -3.81M | -1.12M | -0.99M |
| Issuance of capital stock | - | 5.80M | 44.07M | 0.60M | 6.20M |
| Depreciation | 3.20M | 3.26M | 3.26M | 3.34M | 3.39M |
| Other cashflows from investing activities | - | 0.19M | - | - | - |
| Change to account receivables | 2.34M | -73.50M | -65.46M | -29.81M | -28.63M |
| Sale purchase of stock | -5.23M | - | - | - | - |
| Other cashflows from financing activities | -3.94M | -39.08M | - | - | - |
| Capital expenditures | 0.00M | 0.59M | 0.59M | 1.79M | 0.19M |
| Change in working capital | 10.17M | -20.99M | -20.99M | -18.95M | -16.96M |
| Stock based compensation | - | 0.10M | 0.00M | 55.27M | 0.54M |
| Other non cash items | 27.67M | -4.83M | - | - | - |
| Free cash flow | -20.53M | -4.40M | -4.40M | -2.92M | -1.18M |
Sector: Financial Services Industry: Insurance Brokers
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ZBAO Zhibao Technology Inc. Class A Ordinary Shares |
0.00 0.04% |
0.23 | - | 8.64 | 0.01 | 1.29 | 0.08 | 9.45 |
| MRSH Marsh & McLennan Companies, Inc. |
1.50 0.73% |
206.32 | 22.03 | 15.87 | 3.07 | 5.67 | 3.82 | 14.80 |
| AON Aon PLC |
3.36 1.00% |
338.17 | 19.50 | 17.61 | 4.19 | 7.68 | 4.95 | 13.01 |
| AJG Arthur J Gallagher & Co |
-0.52 0.18% |
281.10 | 41.13 | 17.09 | 4.21 | 2.74 | 4.93 | 19.58 |
| WTW Willis Towers Watson PLC |
0.52 0.16% |
329.38 | 19.92 | 14.56 | 2.96 | 3.91 | 3.52 | 13.08 |
Zhibao Technology Inc., through its subsidiaries, provides digital insurance brokerage services in the People's Republic of China. The company also offers managing general underwriter services. In addition, it provides insurance product design and customization, selection of insurance companies, technology system interconnection and delivery, customer AARRR (Acquisition, Activation, Retention, Referral, and Revenue) operation, customer service, compliance management, and data analysis. Further, the company operates a digital insurance brokerage platform that offers a portfolio of 2B2C (to-business-to-customer) insurance tools for building the systems required for various insurance solutions. Additionally, it engages in research and development; offline insurance brokerage consulting; and healthcare services. The company serves the travel, outdoor activity, sports, logistics and supply chain, municipal gas and electricity utilities, and e-commerce industries. Zhibao Technology Inc. was founded in 2015 and is headquartered in Shanghai, China.
| Name | Title | Year Born |
|---|---|---|
| Mr. Botao Ma | Chairman & CEO | 1967 |
| Mr. Yuanwen Xia CFA, CPA | CFO & Director | 1985 |
| Mr. Xiao Luo | Chief Operating Officer | 1987 |
| Mr. Yugang Wang | Chief Technical Officer | 1978 |
| Ms. Jinmei Guo Hellstroem | CEO & Chair of the Board | 1974 |
| Mr. Botao Ma | Founder & Director | 1991 |
| Mr. Xiao Luo | Co-Founder & Chief Marketing Officer | 1987 |
| Ms. Jinyang Gu | CFO & Executive Director | 1985 |
| Mr. Xiaowei Le | Chief Operating Officer | 1976 |
| Mr. Yugang Wang | Chief Technology Officer | 1978 |
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