Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Zhibao Technology Inc. Class A Ordinary Shares

ZBAONASDAQ
Wall Street Score · overall investment35/100
$0.32USD$-0.01 (-4.28%)

Severe listing-compliance risk

The share price is below $1 and the stored reverse-split/listing-risk level is CRITICAL. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.

Company website www.zhibao-tech.com
HeadquartersBuilding 6, Shanghai, SH, 201204, CN
Financial statement currencyCNY · converted to USD at 0.148879
Financial Services · Insurance - Brokers
Price updated todayFinancials updated Oct 1, 2026
Explore stock sections · swipe left or right

ZBAO · Price history

Price at last available close

$0.32

−$3.67 (-91.99%) 1M

2026-10-28

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Company & revenue

About Zhibao Technology Inc. Class A Ordinary Shares

Primary reporting period: 2025-06-30 · Research updated Oct 13, 2026. A research update is not a new financial filing.

Who they are

Zhibao Technology Inc., operating through its various affiliated entities, offers online insurance brokerage services across the Chinese market. Beyond this primary activity, the company also furnishes managing general underwriter (MGU) capabilities, provides healthcare provisions, and delivers advisory services for conventional, in-person insurance brokerage. Established in 2015, the firm is headquartered in Shanghai, China.

How they make money

Zhibao Technology operates a 2B2C (to-business-to-customer) digital embedded insurance model. It provides customized insurance brokerage services by embedding proprietary insurance solutions into the existing customer engagement channels of business partners, earning revenue primarily through insurance brokerage fees and MGU service fees.

Products & services

Digital insurance brokerage services and MGU (Managing General Underwriter) services provided through the Zhibao China Group.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Business entities (B channels)Source
  • End customer usersSource

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

Suppliers, materials & equipment

  • Insurance carriers — Insurance companies that underwrite the policies distributed by Zhibao; specific supplier names are unnamed.Source

Strengths

  • Pioneering 2B2C digital embedded insurance model in ChinaSource
  • Extensive network of over 2,400 business channelsSource

Risks

  • Dependence on business channels and insurance carriersSource
  • Regulatory risks in the Chinese insurance brokerage industrySource

Sources

Company research source

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

35

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

41

Weak

Financial Strength

33

Business Quality / Moat

100

Management

0

Growth Quality

32

Risk / Durability

20

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Model Outlook

12-month model · What does the model think happens next?

Outperformance analysis is not currently available.

Reverse-split / listing-compliance risk: CRITICAL

This is a risk signal, not a prediction. It is separate from Wall Street Score and does not change the company score. It looks for listing-pressure signals such as prolonged Nasdaq trading below $1, very low share price, micro-cap size, negative free cash flow, and verified recent reverse splits.

Risk indicator: 75/100

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

A current Opportunity Score is not available.

The 12-month model outlook is not currently available.

What we like
  • •Asset quality scores strongly
  • •Recent buyback activity is present
What to watch
  • •Debt service risk
  • •Reverse-split headline · Oct 8, 2026
  • •M&A headline · Sep 28, 2026
  • •M&A headline · Sep 23, 2026
  • •Valuation is a weaker part of the current profile

Company-specific research

Questions worth answering for ZBAO

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can ZBAO maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •How long can ZBAO fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Does ZBAO's balance between cash and debt leave enough flexibility if business conditions weaken?
  • •What specifically needs to improve for ZBAO to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify ZBAO's current valuation?
⚠ 4 warningsView warning details
Debt service riskReverse-split headline · Oct 8, 2026M&A headline · Sep 28, 2026M&A headline · Sep 23, 2026
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

35

0–100 · Weak

Market Cap

$2.9M

P/E Ratio

-0.3

EPS

$-0.31

52-Week High

$1.34

52-Week Low

$0.08

Beta

1.55

Shares Outstanding

32.0M

Total Revenue

$86.8M

Total Debt

$862K

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$0.03

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
0/ 100
0 pts / 5d

Strong downward momentum

5D -34.1% · 20D -93.6% · RSI 0 · Price vs 20D avg -83.7%
Volatility
95/ 100
-1 pts / 5d

Extreme movement

20D realized vol 263.6% · 60D 203.3% · Acceleration 1.30x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for ZBAO

Detected from reported data — verify before acting.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Debt service risk

Interest coverage is low (~-16.2x). Earnings may be strained to cover interest expense.

Reverse-split headline · Oct 8, 2026

Zhibao Technology Inc. Announces Reverse Share Split — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.

Newsfile Corp

M&A headline · Sep 28, 2026

Zhibao Technology Signs Definitive Agreement to Acquire NEXSYS TECH for Planned AI Computing Infrastructure Business — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.

Newsfile Corp

M&A headline · Sep 23, 2026

Zhibao Technology Inc. Enters into Non-Binding Letter of Intent to Acquire On-Chain Trading Platform MeVX — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.

Newsfile Corp

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on ZBAO.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Pioneering 2B2C digital embedded insurance model in China.
  • +Extensive network of over 2,400 business channels.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Insurance - Brokers industry.
  • −Dependence on business channels and insurance carriers.
  • −Regulatory risks in the Chinese insurance brokerage industry.
  • −Negative free cash flow may increase the need for outside financing and dilution.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak35/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

35

Tap for breakdown →

Fair

50

Debt Cost12.0%
Debt Reduction YoY-559.8%
Debt / Equity1.11x

Tap for breakdown →

Fair

60

Revenue YoY110.5%
Revenue CAGR39.6%
Net Margin-11.6%

Tap for breakdown →

Elite

92

Asset Growth YoY493.7%
Liquidation/Share$0.03
Net Assets/MCap1.88x

Tap for breakdown →

Poor

33

Earnings Yield-365.9%
Buyback Yield7.1%
Debt Cost12.0%

Tap for breakdown →

Poor

0

ROIC-1140.0%
ROE-2380.8%
ROA-167.2%

Tap for breakdown →

Elite

100

EPS Growth—
FCF/Share Growth—
Rev/Share Growth42.0%

Tap for breakdown →

Poor

0

Intrinsic Value—
Value Reference—
MOS—

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Fair

53

Revenue60
Moat100
Valuation0

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Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

Poor

22

Interest Coverage-16.2x
ROIC-1140.0%
FCF Yield-111.0%

Tap for breakdown →

Poor

22

Financial22
Valuation0
Debt50

Tap for breakdown →

Poor

25

Survival Years0.5 yrs
Current Ratio1.00x
FCF Margin-7.4%

Tap for breakdown →

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Score Changes

2 historical score records available

Previous Score

33

Jul 24, 2026

Change

+2.4

points

Current Score

35

Oct 1, 2026

Category Changes

Revenue0
Debt0
Assets+15.0
Capital+13.0
Management0
Moat0
Valuation0
Buffett+2.3

ZBAO increased 2.4 points because Asset improved by 15 points, Capital improved by 13 points, Buffett improved by 2.3 points.

Positive Contributors

  • + Asset improved by 15 points
  • + Capital improved by 13 points
  • + Buffett improved by 2.3 points

Projected Score

Projected Score

37

Projected Change

+1.6 points

Preliminary comparable-period financial changes suggest improvement of approximately 1.6 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Valuation unavailable

Current Price

$0.32

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

20212022202320242025$0$15M$30M$45M$60M

Additional Metrics

Operating Cash Flow

20212022202320242025-$3M-$2M-$2M-$800000$0

Total Debt

20212022202320242025$0$2M$3M$5M$6M

Total Assets

20212022202320242025$0$7M$13M$20M$26M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Large reported revenue change: +50.8%

Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.

TTM may combine quarters from before and after the event, so its trend can also be distorted.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM20252024202320222021
Revenue$53.6M$41.2M$27.3M$21.1M········
Cost of Revenue$30.5M$24.3M$16.2M$12.4M········
Gross Profit$23.1M$16.9M$11.1M$8.7M········
Research & Development$1.5M$1.6M$2.2M$1.4M········
SG&A Expenses$25.1M$23.3M$7.4M$13.9M········
Operating Expenses$31.4M$24.9M$9.6M$15.4M········
EBITDA-$8.1M-$8.7M$3.4M-$5.7M········
Operating Income-$8.3M-$8.0M$1.5M-$6.6M········
Interest Expense$587K$492K$918K$984K········
Income Before Tax-$9.2M-$9.6M$2.8M-$6.3M········
Income Tax Expense-$188K-$389K$820K$81K········
Net Income-$10.0M-$9.2M$2.0M-$6.4M········
Basic EPS$-2.09$-2.07$0.06$-0.22········
Basic Shares32.95M31.99M31.52M31.00M········
Diluted Shares32.95M31.99M31.52M31.00M········
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
Dec 31, 2025Q2FY2026

Revenue

$30.1M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.02

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-87.6%

Cash Change

-86.0%

Margin Change

-1.7 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Debt reduced

What Weakened

  • Margins contracted
  • Cash position declined

Potential Score Impact

Positive indicators included revenue growth, EPS growth, debt levels. Pressure indicators included cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 35.8%. EPS increased 537.3%. Cash declined 86.0%. Total debt declined 87.6%. Net income margin declined by 1.7 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Earnings data: 302 days ago · Stale

Insider Activity

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Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Upgrade to unlock
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

2 historical records
Jul 24, 2633
Oct 1, 2635

2 historical score records available.

Historical Score Chart

2 of 2 records shown

Wall Street Score

Jul 24, 26Oct 1, 260255075100

Debt Score

Jul 24, 26Oct 1, 260255075100

Revenue Score

Jul 24, 26Oct 1, 260255075100

Asset Score

Jul 24, 26Oct 1, 260255075100

Capital Score

Jul 24, 26Oct 1, 260255075100

Management Score

Jul 24, 26Oct 1, 260255075100

Moat Score

Jul 24, 26Oct 1, 260255075100

Valuation Score

Jul 24, 26Oct 1, 260255075100

Buffett Score

Jul 24, 26Oct 1, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Newsfile Corp17d ago

Zhibao Technology Inc. and Bedrock Enter Strategic Collaboration to Explore On-Chain Tokenization of ZBAO Shares, Bitcoin Treasury Yield, and Permissioned DeFi Integration

Newsfile Corp21d ago

Zhibao Technology Inc. Announces Reverse Share Split

Newsfile Corp28d ago

Zhibao Technology Issues Preliminary Guidance for Fiscal Year Ended June 30, 2026

Newsfile Corp31d ago

Zhibao Technology Signs Definitive Agreement to Acquire NEXSYS TECH for Planned AI Computing Infrastructure Business

Rumor Mill · ZBAO

Corporate developments & opportunities

Explore market →

Stock in this report

ZBAOZhibao Technology Inc. Class A Ordinary Shares
Developing reportpartnership

Zhibao and Bedrock explore tokenized-share and Bitcoin initiatives under a nonbinding framework

Source date 2026-10-12

Zhibao announced a framework with Bedrock to explore tokenization of registered shares, permissioned decentralized-finance integration and potential Bitcoin-treasury deployment. The described workstreams are nonbinding. Implementation remains subject to diligence, board and regulatory requirements, qualified counterparties and definitive arrangements.

Evidence scoreNot assessed
Potential impact

unknown

The announcement expressly says no tokenized security had been issued or offered by the company at that date. It should not be presented as a live token launch, completed treasury deployment or an assured yield source. Research focus: follow subsequent filings for binding terms, custody arrangements, risk controls and actual implementation. The proposed twelve-month path to a definitive agreement is an expectation, not a deadline guaranteeing completion. The collaboration's existence and the success of its proposed products are separate questions.

Zhibao Technology — issuer release via Newsfile ↗

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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