Core Insights - Zhibao Technology's subsidiary, Sunshine Insurance Brokers, has secured a contract to provide brokerage services for Huiminbao Inclusive Medical Insurance in Baoshan, Yunnan, a city with a population exceeding 2 million [1][2] - Huiminbao aims to protect customers, including those with pre-existing conditions, against severe illnesses, offering annual premiums as low as CNY 99 [2] - Sunshine's expansion in Yunnan Province is significant, as the province has a population of over 47 million, and the company has existing projects including a province-wide inclusive homeowner's insurance project [3] Company Overview - Zhibao Technology Inc. is a leading InsurTech company focused on digital insurance brokerage services in China, having launched the first digital insurance brokerage platform in 2020 [5] - The company has developed over 40 proprietary digital insurance solutions across various industries, utilizing big data and AI technology to enhance its offerings [6] - Zhibao's innovative business model, 2B2C (to-business-to-customer) digital embedded insurance, positions it as a pioneer in the Chinese market [5]

Core Insights - Zhibao Technology Inc. is actively engaging in investor-focused events in early 2025, including an online investor day, The Microcap Conference, and the Skyline Signature Series [1][4][5] Group 1: Upcoming Events - The company will host an online investor day on January 23, 2025, to present updates on growth strategies and expected revenue for the first half of FY 2025 [3] - Zhibao Technology will participate in The Microcap Conference from January 28-30, 2025, where management will deliver a live presentation on January 30 at 11 AM [4] - The Skyline Signature Series will take place virtually on February 6, 2025, featuring a presentation followed by a Q&A session with management [5] Group 2: Financial Projections - Management has projected a revenue growth of 60% for the first half of FY 2025, alongside increases in gross, operating, and net profit [2] - As of January 2025, the number of B channels has reached 2,000, while C end users have increased to 20 million [2] Group 3: Company Overview - Zhibao Technology Inc. is a leading InsurTech company in China, specializing in digital insurance brokerage services [8] - The company pioneered the 2B2C digital embedded insurance model and launched the first digital insurance brokerage platform in China in 2020 [8] - Zhibao has developed over 40 proprietary digital insurance solutions across various industries, utilizing big data and AI technology for continuous improvement [9]

Zhibao Technology Announces Strategic Expansion in the Pet Insurance Market Through Its "Chong Bao Bao" PlatformDecember 19, 2024 8:59 AM EST | Source: Zhibao Technology Inc.Shanghai, China--(Newsfile Corp. - December 19, 2024) - 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 a strategic expansion in ...

Core Viewpoint - Zhibao Technology Inc. reported significant financial growth for the fiscal year ended June 30, 2024, achieving a net income of RMB 13.3 million, a turnaround from a net loss of RMB 43.1 million in the previous year, driven by increased revenues and strategic investments in R&D and sales [3][5][23]. Recent Developments - The company closed its initial public offering on April 3, 2024, raising gross proceeds of $6 million by offering 1,500,000 Class A ordinary shares at $4.00 per share [4]. - An additional 23,765 Class A ordinary shares were issued on May 15, 2024, generating further gross proceeds of $95,060 [4]. Financial and Operational Summary - Revenues increased by approximately RMB 41.6 million (US$5.7 million), or 29%, to approximately RMB 183.7 million (US$25.3 million) for the fiscal year ended June 30, 2024, compared to RMB 142.1 million in the previous year [5][16]. - Gross profit rose by approximately RMB 16.1 million (US$2.2 million), or 28%, to approximately RMB 74.8 million (US$10.3 million) [5]. - Income from operations was approximately RMB 10.1 million (US$1.4 million), a significant improvement from a loss of RMB 44.5 million in the same period of 2023 [5][23]. - The company served over 15 million end customers as of June 30, 2024, indicating strong market penetration [6]. Revenue Breakdown - Revenues from the digital insurance brokerage segment increased by approximately RMB 54.3 million, or 45%, to approximately RMB 174.1 million (US$24.0 million) [17]. - MGU service fees decreased by approximately RMB 12.6 million, or 55%, to approximately RMB 10.2 million (US$1.4 million) due to the closure of a reinsurance partner's business [18]. Cost and Expenses - Cost of revenue increased by approximately 30% to RMB 108.9 million (US$15.0 million) [19]. - Selling expenses rose by approximately 40% to RMB 31.6 million (US$4.3 million) due to increased sales staff [20]. - General and administrative expenses decreased by approximately 75% to RMB 18.0 million (US$2.5 million) [21]. - Research and development expenses increased by approximately 56% to RMB 15.1 million (US$2.1 million) [22]. Management Commentary - The CEO expressed satisfaction with the rapid growth in income and the achievement of a GAAP profit despite significant investments in R&D and sales [7]. - The company aims to leverage its first-mover advantage in the digitization of the Chinese insurance brokerage market [10]. Business and Financial Outlook - The company expects continued strong growth driven by organic growth strategies and strategic investments [12]. - Plans include enhancing the digital insurance brokerage platform and integrating acquired companies to access new markets [14].

Core Viewpoint - Zhibao Technology Inc. reported significant financial growth for the fiscal year ended June 30, 2024, with a notable increase in revenues and a shift from operational losses to profits, driven by strategic investments in digital insurance brokerage services and an expanding customer base [2][4][5]. Recent Developments - The company completed its initial public offering on April 3, 2024, raising $6 million by selling 1,500,000 Class A ordinary shares at $4.00 each [3]. - An additional 23,765 Class A ordinary shares were issued on May 15, 2024, generating $95,060 in gross proceeds [3]. Financial and Operational Summary - Revenues increased by approximately RMB 41.6 million (US$5.7 million), or 29%, reaching approximately RMB 183.7 million (US$25.3 million) for the fiscal year ended June 30, 2024, compared to RMB 142.1 million in 2023 [4][14]. - Gross profit rose by approximately RMB 16.1 million (US$2.2 million), or 28%, totaling approximately RMB 74.8 million (US$10.3 million) [4]. - The company reported income from operations of approximately RMB 10.1 million (US$1.4 million) for the fiscal year, a significant improvement from a loss of approximately RMB 44.5 million in the previous year [4][20]. - Selling expenses increased by approximately 40%, and research and development expenses rose by approximately 56% compared to the previous year, reflecting the company's commitment to growth [4][18][19]. Business Model and Market Position - Zhibao operates a 2B2C digital embedded insurance model, which has allowed it to expand its digital insurance brokerage platform across various industries, including sports [6][25]. - The company has developed over 40 proprietary digital insurance solutions, leveraging big data and AI to enhance its offerings [26]. - As of June 30, 2024, Zhibao served over 15 million end customers, indicating strong market penetration and growth potential [4]. Management Commentary - The CEO expressed satisfaction with the company's rapid income growth and the achievement of GAAP profit despite significant investments in R&D and sales [5]. - Management remains optimistic about future growth, focusing on organic growth and strategic investments to maintain a competitive edge in the digital insurance market [10][12]. Financial Results - The digital insurance brokerage segment saw revenues increase by approximately RMB 54.3 million (45%), totaling approximately RMB 174.1 million (US$24.0 million) for the fiscal year [15]. - MGU service fees decreased by approximately RMB 12.6 million (55%) to approximately RMB 10.2 million (US$1.4 million) due to the closure of a reinsurance partner [16]. - Total operating expenses decreased significantly, particularly general and administrative expenses, which fell by approximately 75% [19]. Future Outlook - The company plans to continue its strategic investments in fiscal year 2025, targeting boutique players with similar business models to enhance its market reach [12]. - Zhibao aims to optimize its digital insurance solutions to improve conversion rates and expand its user base across various industry segments [13].

Core Insights - Zhibao Technology Inc. successfully hosted the first Insurance Brokerage High Quality Development Summit in Suzhou, China, on September 24, 2024, aimed at advancing the insurance brokerage industry in China [3][4]. Industry Overview - The summit gathered over 150 participants from various sectors of the insurance industry, including insurance companies, brokers, agents, and InsurTech innovators, highlighting the collaborative efforts to enhance the industry [4]. - Key discussions focused on innovation, digitalization, and the importance of customer service in the insurance sector, as emphasized by industry leaders [5][6]. Company Highlights - Zhibao Technology, a leading InsurTech firm, is recognized for its digital insurance brokerage services and has pioneered a 2B2C digital embedded insurance model in China [9]. - The company launched the first digital insurance brokerage platform in China in 2020, utilizing a proprietary PaaS (Platform as a Service) [9]. - Zhibao has developed over 40 innovative digital insurance solutions across various industries, serving more than 1 million end customers through partnerships with over 1,000 business channels [10]. Leadership Insights - Mr. Botao Ma, the founder and CEO of Zhibao Technology, expressed optimism about the growth potential of the Chinese insurance brokerage industry and the company's role in filling the gap for a leading brokerage firm in China [8]. - Industry leaders, including representatives from China Pacific Insurance Company and AIA Life, discussed the potential for increased collaboration between insurers and brokers to enhance risk management and customer service [6].

Core Viewpoint - Zhibao Technology Inc. has entered into a securities purchase agreement for the sale of convertible promissory notes, aiming to raise up to $8 million for working capital purposes [1]. Group 1: Financial Details - The company is selling senior secured 10% original issue discount convertible promissory notes with a principal amount of up to $8 million, with gross proceeds expected to be up to $7.2 million [1]. - Additionally, Zhibao issued $750,000 of pre-funded warrants to the institutional investor, which are exercisable upon certain default events [1][2]. Group 2: Company Overview - Zhibao Technology Inc. is a leading InsurTech company focused on providing digital insurance brokerage services in China [3]. - The company pioneered the 2B2C digital embedded insurance model in China and launched the first digital insurance brokerage platform in 2020, utilizing a proprietary PaaS [3]. Group 3: Product and Technology - Zhibao has developed over 40 proprietary digital insurance solutions across various industries, including travel, sports, logistics, utilities, and e-commerce [4]. - The company leverages big data and artificial intelligence to analyze customer data and enhance its digital insurance offerings continuously [4].

● . . | --- | |-------------------------------------------------------------------------------------------| | | | Brokers Wins Contract to Provide "Hui Jia Bao" Inclusive Homeowners' Insurance in Nanjing | September 10, 2024 4:01 PM EDT | Source: Zhibao Technology Inc. Shanghai, China--(Newsfile Corp. - September 10, 2024) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao" or the "Company"), a leading and high growth InsurTech company primarily engaged in providing digital insurance brokerage services throug ...

. Zhibao Technology Inc. Reaches a Strategic Investment Cooperation with Sport Covers to Create a New Business Model of Digital Sports and Insurance Brokerage Shanghai, China--(Newsfile Corp. - July 25, 2024) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao" 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 that it has reached a strategic investment cooperation with Spor ...

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