[Financial Statements](index=1&type=section&id=Financial%20Statements) [Unaudited Condensed Consolidated Balance Sheets](index=1&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Zhibao Technology's balance sheet expanded significantly by December 31, 2024, with substantial growth in total assets and liabilities, and rising shareholders' equity Condensed Consolidated Balance Sheet Summary (as of Dec 31, 2024 vs. June 30, 2024) | Balance Sheet Item | June 30, 2024 (RMB) | December 31, 2024 (RMB) | Change | | :--- | :--- | :--- | :--- | | **Total Current Assets** | 197,551,743 | 297,530,672 | ▲ 50.6% | | **Total Assets** | 208,787,640 | 314,978,389 | ▲ 50.9% | | **Total Current Liabilities** | 141,068,960 | 235,018,593 | ▲ 66.6% | | **Total Liabilities** | 144,796,846 | 242,206,924 | ▲ 67.3% | | **Total Shareholders' Equity** | 63,990,794 | 72,771,465 | ▲ 13.7% | - Significant increases in liabilities were driven by a rise in Insurance premium payable from **RMB 38.4 million** to **RMB 111.4 million** and the appearance of new liabilities including Convertible notes (**RMB 6.5 million**) and Warrant liabilities (**RMB 1.2 million**)[1](index=1&type=chunk) [Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Strong revenue growth and an operating profit turnaround significantly reduced the company's net loss for the six months ended December 31, 2024 Statement of Operations Summary (For the Six Months Ended Dec 31) | Metric | 2023 (RMB) | 2024 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **Revenues** | 84,254,221 | 146,371,285 | ▲ 73.7% | | **Gross Profit** | 30,062,171 | 42,559,597 | ▲ 41.6% | | **(Loss) income from operations** | (8,378,957) | 3,804,338 | Turnaround to Profit | | **Net Loss** | (8,546,000) | (644,605) | ▼ 92.5% | | **Basic and Diluted EPS** | (0.28) | (0.02) | ▲ 92.9% | - The company recorded a gain on fair value change of warrant liabilities (**RMB 1.43 million**) and derivative liabilities (**RMB 0.72 million**), but also a significant loss on the settlement of convertible notes (**RMB 4.44 million**)[4](index=4&type=chunk) [Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Shareholders%27%20Equity) Shareholders' equity increased for the six months ended December 31, 2024, primarily due to convertible note settlements - The settlement of convertible notes resulted in the issuance of **524,314 Class A ordinary shares** and an increase of **RMB 9.79 million** in equity (Additional Paid-in Capital)[6](index=6&type=chunk) Shareholders' Equity Movement (For the Six Months Ended Dec 31, 2024) | Item | Amount (RMB) | | :--- | :--- | | **Balance as of June 30, 2024** | 63,990,794 | | Settlement of convertible notes | 9,789,421 | | Net loss | (644,605) | | Foreign exchange adjustments | (364,145) | | **Balance as of December 31, 2024** | 72,771,465 | [Unaudited Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow decreased, while financing activities provided significant cash, leading to an overall cash increase for the period Cash Flow Summary (For the Six Months Ended Dec 31) | Cash Flow Activity | 2023 (RMB) | 2024 (RMB) | | :--- | :--- | :--- | | **Net cash provided by operating activities** | 85,607,856 | 74,197,711 | | **Net cash used in investing activities** | (264,606) | (4,375,000) | | **Net cash provided by financing activities** | 9,275,004 | 23,026,767 | | **Net increase in cash** | 94,616,741 | 92,768,978 | - Financing activities in 2024 included proceeds from convertible notes (**RMB 16.0 million**) and short-term bank borrowings (**RMB 32.0 million**), offset by repayments of borrowings (**RMB 25.0 million**)[10](index=10&type=chunk) - Non-cash financing activities included the settlement of convertible notes by issuing ordinary shares valued at **RMB 9.8 million**[12](index=12&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) [Note 1: Nature of the Organization and Business](index=7&type=section&id=1%20%E2%80%94%20NATURE%20OF%20THE%20ORGANIZATION%20AND%20BUSINESS) Zhibao Technology, a digital insurance brokerage, completed its Nasdaq IPO, with the CEO retaining significant voting control - The company is primarily engaged in providing digital insurance brokerage services to end customers through its PRC subsidiaries[14](index=14&type=chunk) - Completed its IPO on April 3, 2024, issuing **1,500,000 Class A ordinary shares** at **$4.00 per share** for gross proceeds of **$6.0 million**[15](index=15&type=chunk) - A reorganization in 2023 established Zhibao Technology Inc. as the parent holding company of the Zhibao China Group[17](index=17&type=chunk)[18](index=18&type=chunk) - Shares were reclassified into **Class A (1 vote)** and **Class B (20 votes)**, with all Class B shares controlled by founder and CEO Mr. Botao Ma, granting him significant voting control[20](index=20&type=chunk)[21](index=21&type=chunk) [Note 2: Summary of Significant Accounting Policies](index=9&type=section&id=2%20%E2%80%94%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) The company adopted new credit loss standards, classifies certain warrants as liabilities, and faces significant concentration risk - The company adopted the new credit loss standard (ASU 2016-13 / Topic 326) on July 1, 2023, resulting in an increase of **RMB 8.8 million** in the allowance for credit losses for accounts receivable[34](index=34&type=chunk) - Warrants that do not meet all criteria for equity classification are recorded as liabilities at fair value, with changes in fair value recognized in the statements of operations[55](index=55&type=chunk) Revenue Disaggregation (For the Six Months Ended Dec 31) | Revenue Stream | 2023 (RMB) | 2024 (RMB) | | :--- | :--- | :--- | | Insurance brokerage service fees | 75,354,494 | 144,964,797 | | MGU service fees | 9,217,678 | 1,766,514 | | **Total Revenues (net of taxes)** | **84,254,221** | **146,371,285** | Customer and Vendor Concentration | Concentration Type | Period | Details | | :--- | :--- | :--- | | **Revenue** | 6 months ended Dec 31, 2024 | Four customers accounted for 20%, 14%, 12%, and 10% of total revenue | | **Accounts Receivable** | As of Dec 31, 2024 | Two customers accounted for 20% and 18% of accounts receivable | | **Accounts Payable** | As of Dec 31, 2024 | Two vendors accounted for 20% and 15% of accounts payable | [Note 3: Accounts Receivable](index=18&type=section&id=3%20%E2%80%94%20ACCOUNTS%20RECEIVABLE) Net accounts receivable increased as of December 31, 2024, with a corresponding allowance for credit losses Accounts Receivable, Net | Item | June 30, 2024 (RMB) | December 31, 2024 (RMB) | | :--- | :--- | :--- | | Accounts receivable | 144,670,083 | 149,920,975 | | Less: Allowance for credit losses | (14,315,654) | (14,607,614) | | **Net Accounts Receivable** | **130,354,429** | **135,313,361** | [Note 9: Convertible Note](index=23&type=section&id=9%20%E2%80%94%20CONVERTIBLE%20NOTE) The company secured convertible note financing, classifying notes as liabilities, and settled a portion by issuing shares - The company entered into a financing agreement for up to **$8.0 million** via convertible notes and received **$2.25 million** in net proceeds during the six months ended Dec 31, 2024[86](index=86&type=chunk)[90](index=90&type=chunk) - The convertible notes are classified as liabilities, and the embedded conversion feature is treated as a derivative liability, measured at fair value with changes recognized in earnings[101](index=101&type=chunk)[105](index=105&type=chunk) - The company settled notes with a principal of **$1.15 million** by issuing **524,314 Class A ordinary shares**, recognizing a loss on settlement of **RMB 4.44 million**[100](index=100&type=chunk)[104](index=104&type=chunk) - As of December 31, 2024, the carrying amount of the convertible notes was **RMB 6.45 million**[105](index=105&type=chunk) [Note 10: Warrant Liabilities](index=25&type=section&id=10%20%E2%80%94%20WARRANT%20LIABILITIES) Warrants issued with convertible notes are classified as liabilities and remeasured at fair value, with a prior accounting error corrected - Purchase Warrants issued with the convertible notes are classified as a liability and remeasured to fair value each period[112](index=112&type=chunk) - A gain on fair value change of warrant liabilities of **$196,000 (RMB 1.43 million)** was recognized for the six months ended December 31, 2024[113](index=113&type=chunk)[117](index=117&type=chunk) - The company corrected a prior accounting error, reclassifying the warrants from equity to liability, which increased total liabilities by **RMB 0.8 million** and decreased net loss by **RMB 0.87 million** for the period[114](index=114&type=chunk)[116](index=116&type=chunk)[117](index=117&type=chunk) [Note 11: Equity](index=29&type=section&id=11%20%E2%80%94%20EQUITY) The company has Class A and B ordinary shares outstanding, classified certain warrants as equity, and faces PRC dividend restrictions - As of Dec 31, 2024, there were **15,231,387 Class A** and **16,816,692 Class B** ordinary shares outstanding[120](index=120&type=chunk) - Warrants issued to the IPO underwriter, EF Hutton LLC, were classified as equity instruments[121](index=121&type=chunk)[123](index=123&type=chunk) - The company's PRC subsidiaries have restricted net assets of **RMB 106.1 million** as of Dec 31, 2024, which are not distributable as cash dividends[126](index=126&type=chunk)[127](index=127&type=chunk) [Note 12: Income Tax](index=30&type=section&id=12%20%E2%80%94%20INCOME%20TAX) PRC subsidiaries face a **25% EIT rate**, with income tax expense recorded and a valuation allowance against deferred tax assets Income Tax Expense (Benefit) | Period | Amount (RMB) | | :--- | :--- | | Six Months Ended Dec 31, 2023 | 137,354 (Benefit) | | Six Months Ended Dec 31, 2024 | (1,091,247) (Expense) | - As of December 31, 2024, the company had net operating losses of **RMB 37.9 million** available to offset future taxable income, which will expire between 2025 and 2029[135](index=135&type=chunk) - A valuation allowance of **RMB 9.3 million** was recorded against deferred tax assets as of December 31, 2024, due to uncertainty about their future realization[137](index=137&type=chunk) [Note 14: Commitments and Contingencies](index=35&type=section&id=14%20%E2%80%94%20COMMITMENTS%20AND%20CONTINGENCIES) The company is involved in several legal proceedings, including a settled lawsuit and two pending disputes - A lawsuit with Shanghai Chenxi Technology Group was settled, with Sunshine Insurance Brokers agreeing to pay a total of **RMB 13.26 million** in promotion service fees[145](index=145&type=chunk) - A pending lawsuit with Guangdong Zhongkang involves a dispute over joint brokerage fees of approximately **RMB 1.4 million**, with a counterclaim filed by the company for **RMB 4.5 million**[146](index=146&type=chunk) - A pending lawsuit filed by Beijing Tiantan Puhua hospital involves a claim for medical expenses of approximately **RMB 1.4 million**, for which Zhibao China is requested to bear joint liability[147](index=147&type=chunk) [Note 15: Related Party Transactions](index=36&type=section&id=15%20%E2%80%94%20RELATED%20PARTY%20TRANSACTIONS) Significant balances exist with related parties controlled by the CEO, including advances for services and payments on the company's behalf Balances with Related Parties (as of Dec 31, 2024) | Related Party | Balance Type | Amount (RMB) | Description | | :--- | :--- | :--- | :--- | | Shanghai GBG | Due From | 17,131,396 | Advances for future MGU services | | Shanghai Xinhui | Due To | 8,561,749 | Payments on behalf of the company and a RMB 2.5M interest-free loan | [Note 16: Subsequent Events](index=37&type=section&id=16%20%E2%80%94%20SUBSEQUENT%20EVENTS) Subsequent events include additional convertible note issuances, termination of a share purchase facility, and further note settlements - In February 2025, the company received an additional **$630,000** (net) from the issuance of a second tranche of convertible notes[156](index=156&type=chunk)[158](index=158&type=chunk) - On March 11, 2025, the company terminated a **$50 million** share subscription facility agreement with GEM Global Yield LLC SCS[161](index=161&type=chunk)[162](index=162&type=chunk) - From January to April 2025, the company settled an additional portion of its convertible notes by issuing **605,392 Class A ordinary shares**[163](index=163&type=chunk)

Core Viewpoint - Zhibao Technology Inc. has revised its financial results for the six months ended December 31, 2024, showing a decreased net loss compared to previous reports, indicating improved financial performance [1][2]. Financial Adjustments - The company made adjustments to its income statement, resulting in a net loss of RMB0.6 million ($0.09 million) for the six months ended December 31, 2024, down from a previously reported net loss of RMB1.5 million ($0.2 million) [2]. - The adjusted basic and diluted GAAP loss per share was RMB0.02 ($0.00), compared to the previously reported RMB0.05 ($0.01) [2]. Balance Sheet Revisions - The revised unaudited condensed consolidated balance sheet showed a decrease in convertible notes from RMB6,888,414 to RMB6,452,341 and an addition of warrant liabilities amounting to RMB1,239,814 [4]. - Total current liabilities increased to RMB235,018,593, and total liabilities rose to RMB242,206,924 after adjustments [4]. Income Statement Changes - Net interest expense increased from RMB1.4 million ($0.2 million) to RMB1.6 million ($0.2 million) [6]. - A gain from the fair value change of warrant liabilities was added, amounting to RMB1.4 million ($0.2 million) [6]. - The loss on settlement of convertible notes increased from RMB4.1 million ($0.5 million) to RMB4.4 million ($0.6 million) [6]. Comprehensive Loss - The comprehensive loss for the six months ended December 31, 2024, was adjusted to RMB1,008,750, down from RMB1,906,027 [8]. - The company projects a 70% revenue growth and improvements in gross profit, profit from operations, and net income for the fiscal year ending June 30, 2025, compared to the same period last year [8]. Company Overview - Zhibao Technology Inc. is a leading InsurTech company in China, primarily providing digital insurance brokerage services [10]. - The company has developed over 40 innovative digital insurance solutions and partnered with over 2,000 business channels, serving more than 20 million end customers [11].

Core Insights - The core viewpoint of the article highlights the significant growth of ZBAO Technology, with a 73.7% year-on-year increase in revenue, driven by the expansion of its 2B2C business model and overseas market exploration [1][2]. Financial Performance - ZBAO Technology reported a revenue of 146.4 million RMB for the first half of the fiscal year ending December 31, 2024, marking a 73.7% increase compared to the previous year [1]. - The company's brokerage business revenue increased by 69.6 million RMB, while a decrease of 7.5 million RMB in managed general underwriting (MGU) services partially offset this growth [2]. - Marketing expenses decreased from 21 million RMB in the previous year to 18.6 million RMB, attributed to the company's established reputation reducing the need for advertising [2]. Market Opportunities - The 2B2C model is expected to grow due to the identification of insurance needs in niche markets and the expansion of product types [1][3]. - ZBAO Technology has developed over 40 digital insurance solutions applicable to various sectors, including tourism, sports, logistics, utilities, and e-commerce [2]. - The company aims to expand its partnerships with B-end channels and explore new sectors such as the new energy vehicle market [3]. International Expansion - ZBAO Technology is actively pursuing international business, with plans to expand into Southeast Asia, where the digital capabilities are relatively weak, presenting significant market opportunities [5][6]. - The company has established a reinsurance subsidiary in Malaysia to create synergies with its brokerage business [5]. - ZBAO Technology has signed a cooperation agreement with an insurance company in Singapore and is considering further expansion into the U.S. market [6]. Regulatory and Competitive Landscape - The "reporting and implementation consistency" policy has impacted many brokerage firms, prompting ZBAO Technology to diversify its revenue sources beyond commission fees [4]. - The company acknowledges the challenges of international expansion, including regulatory compliance risks and competition with local institutions [5][6]. - ZBAO Technology emphasizes its risk management capabilities and selective risk assumption to maintain control over its operations [6].

Core Insights - The insurance industry is undergoing a value transformation driven by internet technology, with scenario-based insurance products showing market potential [2] - The demand for scenario-based insurance is expected to continue driving high growth in the insurance sector [2] Financial Performance - In the first half of fiscal year 2025, the company reported a revenue increase of 74% to 146 million yuan, with C-end users surpassing 20 million, a 100% year-on-year growth [2] - The company's gross profit reached 42.56 million yuan, with a gross margin of 29%, and net profit increased by 7.03 million yuan during the reporting period [5] Market Trends - Scenario-based insurance products are gaining traction, with a 21 percentage point increase in penetration over the past three years, yet there remains an unmet demand of 58 billion yuan [3] - The scenario-based insurance market in China is projected to reach 68 billion yuan by 2025, with contributions from freight insurance, travel insurance, and pet insurance exceeding 60% [4] Technological Advancements - The company has developed a digital platform with 237 standardized solutions, enabling new product launches within 72 hours [4] - Artificial intelligence tools are being utilized to enhance operational efficiency and service quality, with significant improvements in underwriting speed and claims processing [5] Global Expansion - The company has obtained reinsurance licenses in Malaysia and plans to expand its business model, with collaborations in Singapore and potential entry into the U.S. market [6] - The Southeast Asian digital insurance market is expected to reach 19 billion USD by 2025, with local companies investing significantly less in technology compared to their Chinese counterparts [6]

Core Viewpoint - Zhibao Technology Inc. has established Zhibao Labuan Reinsurance Company Limited to expand its revenue streams through reinsurance operations, enhancing its position in the insurance market [1][2][4]. Group 1: Establishment and Purpose of Zhibao Labuan - Zhibao Labuan received its license from the Labuan Financial Services Authority to undertake general reinsurance operations beyond mainland China [1]. - The establishment of Zhibao Labuan aims to create an additional revenue stream through reinsurance premiums and potential underwriting profits [2][3]. - Zhibao Labuan is expected to participate in a small portion of the total insurance premium generated by Sunshine Insurance Brokers and Zhibao Health, while Zhibao will continue to operate primarily as an insurance brokerage [3]. Group 2: Revenue Generation Potential - The incorporation of Zhibao Labuan could potentially double Zhibao's revenue by allowing the company to earn a 20% commission on policies while also accepting a corresponding 20% reinsurance risk [2]. - Zhibao Labuan is positioned to generate income from reinsurance premiums in accordance with local regulatory standards, enhancing the company's financial performance [2][4]. Group 3: Leadership and Expertise - Zhibao Labuan will be led by Guangtong (Arthur) Ren, who has nearly 30 years of experience in insurance and corporate finance, bringing significant expertise to the new entity [5][6]. - Mr. Ren's background includes senior roles at AIG and experience in strategic planning and risk management, which will be beneficial for Zhibao Labuan's operations [6]. Group 4: Strategic Importance - The formation of Zhibao Labuan is seen as a strategic move to diversify revenue streams and enhance shareholder value by tapping into the thriving insurance market in Labuan, Malaysia [4]. - Zhibao Labuan will leverage accumulated data and market knowledge to lead in pricing and product development, ensuring high-quality offerings for customers [4].

Core Viewpoint - ZBAO Technology reported significant growth in its financial performance for the first half of fiscal year 2025, with a revenue of 146.4 million RMB, representing a 74% year-on-year increase, and a profit of 3.8 million RMB, marking a positive shift towards profitability [1] Financial Performance - The company's revenue for the first half of fiscal year 2025 reached 146.4 million RMB, a 74% increase compared to the previous year [1] - Operating profit increased by 12.18 million RMB to 3.8 million RMB, indicating a move into profitability [1] Business Model and Growth Drivers - ZBAO Technology operates primarily through a 2B2C embedded insurance model, which is an innovative approach in China, currently valued at less than 10 billion RMB [3] - The number of B-end channels increased by 33% year-on-year, exceeding 2,000, while C-end customer numbers grew by 100%, surpassing 20 million [1] - The market for digital embedded insurance brokerage services in China is projected to grow from approximately 800 million RMB in 2022 to about 6.2 billion RMB by 2027, with a compound annual growth rate of around 50.1% [3] Market Position and Strategy - ZBAO Technology holds about 30% of the premium market share in the embedded insurance sector, benefiting from its leadership in niche markets and continuous expansion into new areas such as sports, pets, and drones [4] - The company is transforming traditional business channels into embedded insurance models, leveraging internet technology to digitize operations [4] Regulatory Environment - The insurance industry is facing stricter regulations requiring alignment between reported fees and actual usage, impacting commission structures and creating challenges for brokerage channels [4] Product Focus - The company's primary business is in health insurance, which constitutes about 50% of its total business, followed by accident insurance at 30% [5] - ZBAO Technology has developed strategies to adapt to regulatory changes, ensuring that its service offerings remain viable and profitable [5] International Expansion - Following its NASDAQ listing, ZBAO Technology is pursuing international expansion, including establishing a reinsurance subsidiary in Malaysia to enhance its global footprint [6] - The reinsurance subsidiary aims to create synergies with the brokerage business and is expected to provide additional revenue streams [6] Risk Management - The company emphasizes the importance of risk control in its reinsurance operations, utilizing data and historical records to manage risks effectively [7] - ZBAO Technology is committed to a technology-driven approach to insurance, focusing on innovative product solutions to meet diverse client needs [7]

Core Viewpoint - Zhibao Technology Inc. has demonstrated a significant turnaround in financial performance, achieving strong revenue growth and operational profitability in H1 FY 2025, driven by its digital insurance brokerage services and strategic partnerships [1][6]. Financial Performance - For H1 FY 2025, Zhibao reported total revenue of RMB 146.4 million ($20.1 million), a 73.7% increase year-over-year from RMB 84.3 million in H1 FY 2024, exceeding estimates of $18.65 million [1]. - The revenue growth was primarily attributed to a RMB 69.6 million increase in insurance brokerage service fees, totaling RMB 145.0 million, despite a RMB 7.5 million decline in managing general underwriting (MGU) fees [1]. - The cost of revenues rose by 91.5% to RMB 103.8 million ($14.2 million), leading to a 660-basis point contraction in gross margins [1]. - Operating expenses as a percentage of revenue decreased from 45.6% to 26.5%, indicating improved operational efficiency [1]. - Zhibao reported an operating income of RMB 3.8 million ($0.5 million), compared to an operating loss of RMB 8.4 million in the prior year [1]. - The net loss narrowed to RMB 1.5 million ($0.2 million) from RMB 8.5 million in the same period last year, with an adjusted net profit of RMB 5.0 million ($0.7 million) on a non-GAAP basis [1]. Strategic Developments - Zhibao expanded its natural gas insurance portfolio through a Marketing Agreement with YipinSmart, covering five cities in Zhejiang and Jiangsu provinces, targeting a population of over 36 million [1]. - The company is also pursuing international expansion through partnerships and plans to establish an in-house reinsurance company in Malaysia, enhancing its revenue potential and bargaining power [1][2]. - Sunshine Insurance Brokers secured a contract for Huiminbao Inclusive Medical Insurance in Yunnan, adding a low-premium health insurance product to its offerings, which positions Zhibao to tap into the underpenetrated Western Chinese market [6]. Market Position and Future Outlook - Zhibao's distribution network expanded, increasing the number of B-channel partners from approximately 1,500 to over 2,000, allowing the company to serve more than 20 million end users [6]. - The company aims to leverage its digital platform for long-term strategic partnerships, diversify its revenue mix, and explore targeted acquisitions to enhance cash flow visibility and margin expansion [6]. - A revised valuation estimate of $7.05 per share reflects the company's strong growth trajectory and operational improvements [6].

Core Viewpoint - Zhibao Technology Inc. is set to announce its financial performance for the first half of 2025, highlighting its growth in the InsurTech sector and upcoming investor engagement events [1][2]. Financial Performance and Events - The 1H2025 Earnings Conference Call is scheduled for April 15, 2025, at 11:00 AM ET, providing insights into the company's financial performance for the six months ending December 31, 2024 [3]. - A Shanghai Shareholder Communication Event will take place on April 16, 2025, featuring presentations by the CEO and CFO, followed by a Q&A session [4]. - The Skyline Signature Series Webinar is planned for April 17, 2025, at 12:00 PM ET, allowing investors to engage with the executive team and gain insights into the company's strategic vision and operational progress [6]. Company Overview - Zhibao Technology Inc. is a leading InsurTech company focused on digital insurance brokerage services in China, having pioneered the 2B2C digital embedded insurance model [9][10]. - The company launched the first digital insurance brokerage platform in China in 2020, utilizing a proprietary PaaS [9]. - Zhibao has developed over 40 innovative digital insurance solutions across various industries, leveraging big data and AI technology to enhance its offerings [10].

Core Insights - Zhibao Technology Inc. has launched ZBOT, an advanced AI agent aimed at enhancing the efficiency of its sales teams, marking a significant step in the company's commitment to leveraging technology for improved sales operations and customer experience [1][2][3] Company Overview - Zhibao Technology Inc. is a leading InsurTech company focused on providing digital insurance brokerage services in China, having pioneered the 2B2C digital embedded insurance model [5][6] - The company launched the first digital insurance brokerage platform in China in 2020, utilizing its proprietary Platform as a Service (PaaS) [5] Product Features - ZBOT assists sales representatives by identifying target customers, providing tailored solutions, and automating routine tasks, allowing for more focus on client engagement and relationship building [2][3] - The AI solution is designed with stringent data security and compliance measures to protect proprietary and customer data [3] Future Developments - Zhibao is developing a comprehensive AI roadmap to fully utilize evolving large AI models, aiming to enhance operational efficiencies and improve customer experiences [4]

Core Insights - Zhibao Technology Inc. is expanding its presence in the natural gas insurance market through its subsidiary Sunshine Insurance Brokers in collaboration with YipinSmart, a subsidiary of China Gas [1][2][3] - The marketing agreement with YipinSmart, initiated in December 2024, targets five cities in Zhejiang and Jiangsu provinces, serving a combined population of over 36 million [1][4] - This partnership is part of Zhibao's broader strategy to enhance its digital insurance solutions and diversify its insurance brokerage footprint in the natural gas sector [3][4] Company Overview - Zhibao Technology Inc. is a leading InsurTech company focused on providing digital insurance brokerage services in China, having launched the first digital insurance brokerage platform in the country in 2020 [5] - The company employs a 2B2C business model and has developed over 40 proprietary digital insurance solutions across various industries, utilizing big data and AI technology for continuous improvement [6][7] Market Position - The collaboration with YipinSmart follows previous partnerships with Shenergy Group and Shenzhen Gas Group, expanding Zhibao's natural gas insurance solutions to cover 18 cities and territories in China [4] - The natural gas insurance market is expected to provide dependable revenues, margin expansion, and cash flow streams for Zhibao, enhancing its appeal to investors [3]