Zhibao Technology Achieves Milestone Growth in Gas Insurance Sector; Expands Digital Protection for Individual Consumers
Rhea-AI Summary
Zhibao Technology (NASDAQ: ZBAO) reported milestone growth in its natural gas insurance business, nearing RMB 100 million (USD 14.5 million) in premiums and RMB 56 million (USD 8.1 million) in brokerage revenue for calendar year 2025.
The company said this represents a 10x year-over-year increase, driven by its PaaS 2B2C embedded model distributing low-cost homeowners coverage via natural gas utility partners.
Positive
- Premiums near RMB 100 million for calendar year 2025
- Brokerage revenue over RMB 56 million in calendar year 2025
- 10x YoY growth in natural gas insurance premiums
Negative
- Large investment in selling expenses in 2025 could pressure near-term margins
- Concentration in natural gas channel increases dependency on utility partnerships
Market Reaction – ZBAO
Following this news, ZBAO has gained 4.82%, reflecting a moderate positive market reaction. Our momentum scanner has triggered 37 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $1.08. This price movement has added approximately $2M to the company's valuation.
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Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves: HUIZ up 3.08%, RELI down 9.83%, AIFU down 3.5%, TIRX up 1.25%, GOCO down 2.84%. Momentum scanner flagged TIRX down 15.69% and XHG up 9.65%. With ZBAO down 3.21%, moves appear stock-specific rather than sector-wide.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 13 | AI platform expansion | Positive | -5.8% | Launch of ten new AI agents to accelerate digital insurance operations. |
| Jan 16 | Nasdaq compliance | Positive | -2.5% | Announcement of regaining compliance with Nasdaq Listing Rule 5250(c)(1). |
| Jan 13 | Fiscal 2025 results | Negative | -2.6% | Strong revenue growth but shift back to net loss and operating loss. |
| Dec 12 | Medical JV launch | Positive | +17.9% | Launch of Zhibao Yingshi JV with ambitious medical insurance revenue targets. |
| Dec 05 | Executive appointments | Positive | +9.4% | Promotion of key executives credited with strong revenue growth in China. |
Positive corporate and technology updates have often seen negative or muted next-day reactions, while partnership and management news have occasionally aligned with strong gains.
Over the past few months, Zhibao reported strong fiscal 2025 growth with revenues reaching RMB 276.9 million but returning to a net loss, regained Nasdaq compliance via a timely Form 20-F filing, and launched ten new AI agents to support its 2B2C embedded model. It also formed the Zhibao Yingshi JV targeting medical insurance and appointed new senior executives credited with robust revenue growth. Today’s natural gas insurance milestone extends this theme of scaling digital insurance solutions across targeted verticals.
Market Pulse Summary
This announcement highlights rapid traction in Zhibao’s natural gas insurance business, with premiums nearing RMB 100 million and brokerage revenue above RMB 56 million over the past year. It reinforces the company’s 2B2C embedded model and focus on underpenetrated Chinese homeowners’ coverage. In context of earlier filings citing net losses and going-concern uncertainties, investors may watch how this growth contributes to overall profitability, capital needs, and progress across adjacent verticals such as medical and broader property insurance.
Key Terms
platform-as-a-service (paas) technical
2b2c technical
AI-generated analysis. Not financial advice.
KEY HIGHLIGHTS
Milestone: Nearing RMB 100 million (USD 14.5 million) in natural gas insurance premiums, a 10x increase compared to calendar year 2025.
Market Gap: China's residential property insurance market lags behind other markets. Zhibao is already active and growing in this market.
Targeting: Optimized for "self-directed" Gen Z buyers,
84% of whom purchase insurance online.
Shanghai, China--(Newsfile Corp. - March 2, 2026) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company"), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced record-breaking performance within its natural gas insurance business, a key pillar of its individual-focused growth strategy for 2026. The Company's natural gas insurance segment represented nearly RMB 100 million (USD 14.5 million) in total premiums over the past calendar year, with brokerage revenue climbing to over RMB 56 million (USD 8.1m).
This achievement represents a ten-fold year-over-year increase compared to calendar year 2025. The growth is driven by Zhibao's proprietary Platform-as-a-Service (PaaS) and its 2B2C embedded digital insurance model, which simplifies the acquisition of essential safety coverage for self-directed individual buyers.
Our digital insurance solution distributes affordable, relevant, and easy-to-understand homeowners' insurance via natural gas utility companies. These coverages primarily cover property damage and loss, third party liability, emergency housing stipends and other natural gas accident-related coverages for as low as CNY 100 (USD 14) per year.
How is Zhibao Addressing China's Homeowners' Insurance Coverage Gap?
Industry reporting from Swiss Re suggests that the home property market in China is underdeveloped, consisting of less than
With the "Quality Homes Initiative," China's homebuilding focus is shifting from quantity to quality. Therefore, with higher quality and more valuable housing, homeowners are likely to demand more insurance coverage to protect their valuable assets.
How is Zhibao Meeting the Demand for Individual Safety and Security?
As a leading InsurTech company, Zhibao is well poised to meet consumer's demands and preferences and capture this continuing shift. As homeowners' look to expand the protection of their assets, our 2B2C model provides them with an easy path to find insurance through the utility companies that they already do business with.
Our model's advantages include:
Streamlining the User Experience: Using digital-first solutions to remove traditional barriers to entry for individual policyholders.
Precision Product Engineering: Developing solutions that specifically address residential safety concerns and the evolving risk profiles of modern households.
Enhanced Accessibility: Leveraging deep channel partnerships to reach end-consumers just when they require protection.
Management Commentary
"Our calendar year 2025 results in the gas sector validate our strategy of empowering the individual consumer through superior technology and user experience," said Mr. Xiaowe Le, Chief Operating Officer of Zhibao. "I am proud of the hard work put in by our natural gas teams in securing these strong results. We made a large investment in selling expenses in 2025, which I believe was instrumental in attracting our natural gas B-Channels. I am excited to see what further returns this investment will drive in 2026 and beyond."
"Zhibao's vision has always been to provide relevant insurance products to individuals and small- and medium-enterprises (SMEs) through our strong cooperation with B-Channels. I believe the strong results from our natural gas solution are a vote of confidence in our vision," said Mr. Botao Ma, Chief Executive Officer of Zhibao. "I am confident that we can apply our learnings and experience from our natural gas solution to our many other sectors and solutions."
About Zhibao Technology Inc.
Zhibao Technology Inc. (NASDAQ: ZBAO) is a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities ("Zhibao China Group") in China. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's 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 PaaS ("Platform as a Service").
Zhibao has developed over 40 proprietary and innovative digital insurance solutions addressing different scenarios in a wide range of industries, including but not limited to travel, sports, logistics, utilities, and e-commerce. Zhibao acquires and analyzes customer data, utilize big data and AI technology to continually iterate and enhance its digital insurance solutions. This iterative process, in addition to continually improving its digital insurance solutions, will keep it abreast of the new trends and customer preferences in the market. For more information, please visit: ir.zhibao-tech.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of our annual reports on Form 20-F (as amended) and registration statements on Form F-1 (as amended) that have been filed or will be filed from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
Investor Relations Contact
Zhibao Technology Inc.
Investor Relations
Office Email: ir@zhibao-tech.com
Skyline Corporate Communications Group, LLC
Scott Powell, President
Avenues Tower
1177 Avenue of the Americas, 5th floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285916
FAQ
What did Zhibao (ZBAO) announce on March 2, 2026 about gas insurance premiums?
How much brokerage revenue did Zhibao's (ZBAO) gas segment generate in 2025?
What does the reported 10x year-over-year growth mean for Zhibao (ZBAO)?
How affordable are Zhibao (ZBAO) natural gas homeowners policies and what do they cover?
Will Zhibao (ZBAO) apply gas-channel learnings to other insurance sectors in 2026?
