6-K - Zhibao Technology Inc. Class A Ordinary Shares | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Zhibao Technology Inc. reported a 41% revenue increase to RMB 206.0 million for the six months ended December 31, 2025, achieving a turnaround to net income of RMB 0.6 million.

Key Takeaways

1Total revenues rose 41% to RMB 206.0 million, driven primarily by a RMB 59.1 million increase in digital insurance brokerage fees.

2The company achieved net income of RMB 0.6 million, a turnaround from a net loss of RMB 0.6 million in the prior year period.

3Gross margin improved to 34.8% from 29.1%, attributed partly to the higher profit margins of the newly acquired subsidiary, Zhonglian.

4B-channel partnerships expanded to over 3,100, enabling the company to serve a pool of more than 27 million end customers.

5Zhibao China acquired a 51% equity interest in Zhonglian for RMB 25.5 million, with RMB 17.3 million remaining payable.

6Net cash used in operating activities was RMB 12.2 million, compared to net cash provided of RMB 74.2 million in the prior year.

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Results of Operations

First Half of Fiscal Year 2026

Metric	Value	Basis	Prior Period
Revenue	$206.00		$146.40
Gross Profit	$71.70		$42.60
Gross Margin	34.8%		29.1%
Net Income	$0.60		$-0.60
Net Income Attributable to Zhibao Technology Inc.'s Shareholders	$-4.30		$-0.60
Adjusted EBITDA	$7.30	Non-GAAP	$5.00

Transaction Details

Acquisition / Disposition

Target: 51% equity interest in Zhonglian Jinan Insurance Brokers Co., Ltd. ("Zhonglian")
Consideration: RMB 25.5 million (approximately $3.5 million)
Structure: Share Purchase Agreement

•Closed on September 30, 2025
•RMB 8.2 million paid in cash as of December 31, 2025
•Remaining RMB 17.3 million due before October 2026

Debt / Financing

Instrument: Convertible Notes
Principal: Up to $8.0 million
Use of Proceeds: General corporate purposes

Exhibits (4)

6-K

REPORT OF FOREIGN PRIVATE ISSUER

99.1

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

99.2

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024

99.3

PRESS RELEASE