Zhibao Technology (ZBAO)
Embedding customized insurance in business channels through a China-based digital brokerage platform.
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Connects insurers with business channels in China, embedding customized insurance in end-customer journeys and earning mainly insurer-paid brokerage fees. Operates through PRC subsidiaries within a Cayman Islands holding-company structure, with revenue concentrated in digital insurance brokerage.
Connects insurers with business partners in China through a digital 2B2C embedded-insurance model. Its proprietary platform supports customized policy solutions, channel-system integration, distribution, and customer support across travel, outdoor activities, logistics, utilities, and e-commerce.
Earns most revenue from insurance brokerage fees paid by insurers after end users buy and pay for policies; MGU service fees provide a smaller line. Operations are conducted through PRC subsidiaries, while the Nasdaq-listed Cayman holding company has no material operations.
Relies chiefly on digital brokerage transaction volume and insurer relationships. All long-lived assets and substantially all revenue are in the PRC, while founder Botao Ma holds significant voting control through Class B shares.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $588.2K · Total debt $865.3K · Total assets $6.1M · Shareholders' equity $425.0K
- Revenue
- $30.2M
- Operating income
- $499.4K
- Net income
- −$635.5K
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 0.37% | 122.5K shares | |
|---|---|---|---|
| 5 holders · as of Jun 30, 2026 | |||
| Insiders | 107.68% | 35.18M shares | |
| 11 holders · as of Aug 3, 2026 | |||
| Adds to | 108.05% | ||
32.67M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 108.05%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Botao Ma1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 102.96% | 16.82M · 16.82M | filed Mar 27, 2026 |
Xiao LuoInsiderofficer: Chief Marketing Officer | 1.72% | 562,216 | filed Aug 3, 2026 |
Xiaowei LeInsiderofficer: Chief Operating Officer | 0.92% | 300,000 | filed Aug 3, 2026 |
Yugang WangInsiderofficer: Chief Technical Officer | 0.76% | 249,202 | filed Aug 3, 2026 |
Guangtong RenInsiderdirector, officer: CFO and Chief Actuary | 0.70% | 230,000 | filed Aug 3, 2026 |
- Botao Ma's transaction reports restate only vehicles that traded; the 2026 ownership statement (16.82M) is used instead.
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Zhibao Technology | $0.1082 | −10.58% | $4.0M | — | — | — | +887.5% |
| Yuanbao (ADR) | $12.16 | −1.58% | $94.9M | 0.6 | — | 0.1 | +35.6% |
| Waterdrop (ADR) | $1.06 | −0.47% | $383.4M | 0.7 | — | 0.5 | +82.4% |
| Huize (ADR) | $1.42 | +0.71% | $711.5K | 0.2 | — | 0.0 | +91.4% |
| Cheche Group | $12.67 | +2.10% | $29.3M | — | — | 0.1 | −30.2% |
| AIFU | $8.65 | −21.19% | $65.0M | — | 0.3 | — | — |
| Median | 0.6 | 0.3 | 0.1 | +59.0% |