Zhibao Tech Stock Price, News & Analysis

Zhibao Technology (NASDAQ: ZBAO), a digital insurance brokerage services provider in China, has announced several upcoming investor events for Q1 2025. The company has previewed strong growth expectations, projecting 60% revenue growth for the first half of FY 2025, along with anticipated increases in gross, operating, and net profit.

The company reported reaching 2,000 B channels and 20 million C end users as of January 2025. Upcoming events include an online Investor Day on January 23, participation in The Microcap Conference in Atlantic City (January 28-30), and a virtual presentation at the Skyline Signature Series on February 6.

CEO Botao Ma emphasized the company's intensive media and investor outreach campaign, highlighting these events as opportunities to showcase Zhibao's innovations and communicate directly with shareholders about their growth initiatives and strategic vision.

Zhibao Technology (NASDAQ: ZBAO) announced its strategic expansion into China's pet insurance market through its new platform 'Chong Bao Bao'. The company signed a strategic cooperation and investment agreement with UAN Pets, acquiring a share in the company that has served over 1 million customers and works with major insurers like PICC and Ping An.

Launched in October through Zhibao's subsidiary Sunshine Insurance Brokers, Chong Bao Bao adds to Zhibao's portfolio of 40+ digital insurance solutions. The expansion comes as the global pet insurance market is projected to grow from $10.1 billion in 2023 to $38.3 billion by 2033, with Asia-Pacific being the fastest-growing region. Current market penetration for pet insurance in China stands at less than 1% as of 2023.

Zhibao Technology Inc. (NASDAQ: ZBAO) successfully co-hosted the first Longevity Risk Conference in Shanghai on December 8th, 2024, in collaboration with the Shanghai Insurance Exchange and the University of International Business and Economics. The conference addressed longevity risk issues and solutions for China's retirement and pension system.

The event featured notable participants including former government officials and representatives from major insurance companies. During the conference, the co-hosts launched the Longevity Risk Lab (LRL) in Shanghai, which will focus on research and development of longevity risk solutions.

According to Bain & Company, China's total pension market is projected to reach RMB 48 trillion by 2030, with RMB 10 trillion coming from private pension and pension insurance markets, presenting significant growth opportunities for Zhibao's digital embedded insurance platform.

Zhibao Technology (NASDAQ: ZBAO) announced a strategic partnership with PICC Property and Casualty Company and Munich Re Beijing to launch new medical insurance products in China. The collaboration aims to develop private medical insurance products providing access to premium medical resources unavailable under public insurance, targeting China's growing middle class.

Under the partnership, Zhibao will handle customer service, policy management, and claims processing, while offering access to its medical network for direct billing. PICC will issue and distribute policies through its 3,000 branch offices, and Munich Re will provide reinsurance capacity and technical expertise.

The company expects the first product to launch in the coming months, generating millions of RMB in premiums in its first year with projected double-digit year-on-year revenue growth over the next three years.

Zhibao Technology Inc (NASDAQ: ZBAO) announced its financial results for fiscal year ended June 30, 2024. The company reported significant growth with revenues increasing 29% to RMB 183.7 million (US$25.3 million). Notable achievements include:

- Net income of RMB 13.3 million, compared to a net loss of RMB 43.1 million in 2023
- Growth in B channels from 1,550 to nearly 1,800
- Reached over 15 million end customer users
- Successful IPO raising $6 million through 1.5 million Class A ordinary shares at $4.00 per share

The company increased investments in R&D (56%) and selling expenses (40%), while expanding its digital insurance brokerage platform into new business areas. Management expects continued strong growth through organic expansion and strategic investments.

Zhibao Technology (NASDAQ: ZBAO) reported financial results for fiscal year ended June 30, 2024. Revenue increased 29% to RMB 183.7M (US$25.3M), with gross profit up 28% to RMB 74.8M (US$10.3M). The company achieved income from operations of RMB 10.1M ($1.4M), compared to a loss of RMB 44.5M in 2023. Insurance brokerage revenue grew 45% to RMB 174.1M, while MGU service fees decreased 55% to RMB 10.2M. The company expanded B channels from 1,550 to 1,800 and served over 15M end customers. Investments in R&D and sales increased by 56% and 40% respectively.

Zhibao Technology Inc. (NASDAQ: ZBAO) successfully hosted the first Insurance Brokerage High Quality Development Summit in Suzhou, China on September 24th, 2024. The event brought together over 150 guests from the insurance industry, including companies, brokers, agents, and Insurtech innovators. Key speakers included Mr. Wen Hui Chen, former deputy chairman of the CBIRC, who emphasized innovation and digitalization in the industry.

Mr. Chao Li from China Pacific Insurance Company discussed potential collaborations between insurers and brokers. Zhibao Technology's founder, Mr. Botao Ma, highlighted the role of insurance brokerage companies and digital innovation. The summit aimed to promote the development of China's insurance brokerage industry, with Zhibao positioning itself as a potential leader in this growing sector.

Zhibao Technology Inc. (NASDAQ: ZBAO), a leading InsurTech company in China, has announced a convertible note financing agreement with an institutional investor. The deal includes:

• Sale of senior secured 10% original issue discount convertible promissory notes
• Principal amount of up to $8 million
• 40% warrant coverage
• To be drawn in tranches
• Gross proceeds of up to $7.2 million

Additionally, Zhibao issued $750,000 of pre-funded warrants, exercisable upon events of default as outlined in the Notes. The company plans to use the net proceeds for working capital purposes. EF Hutton acted as the exclusive placement agent for this offering.

Zhibao Technology Inc. (NASDAQ: ZBAO) announced that its subsidiary, Sunshine Insurance Brokers, has secured a contract to provide the 'Hui Jia Bao' inclusive homeowners' insurance product in Nanjing, China. Marketed as 'Ning Jia Bao', this implementation is insured by six leading insurers, led by PICC's Nanjing branch. Hui Jia Bao, starting at CNY 99 per year, aims to fill a critical coverage gap in China's insurance market. The company projects this solution to generate up to CNY 230 million in premium and CNY 46 million in revenue over the next three years. Zhibao is in discussions to launch Hui Jia Bao and Hui Min Bao products in additional Chinese cities, furthering its mission to provide affordable and inclusive insurance products.