NASDAQ : ZBAO
Zhibao Technology Inc. — Financial statements
Financials · Insurance Brokers · China
Last price 0.2551 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.58M
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Financial statements
Zhibao Technology Inc. (ZBAO) reported revenue of 336.54M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 336.54M | 276.94M | 183.67M | 142.10M | 108.22M | 45.61M |
| Cost of Revenue | 193.84M | 163.37M | 108.91M | 83.49M | 61.05M | 21.39M |
| Gross Profit | 142.70M | 113.57M | 74.76M | 58.62M | 47.17M | 24.22M |
| Selling, General & Admin | 185.77M | 156.25M | 49.56M | 93.49M | 26.79M | 49.01M |
| Research & Development | 9.64M | 10.86M | 15.09M | 9.68M | 7.74M | 10.97M |
| Operating Expenses | 195.41M | 167.11M | 64.65M | 103.17M | 34.53M | 59.98M |
| Operating Income | -52.71M | -53.54M | 10.11M | -44.55M | 12.64M | -35.76M |
| Interest Expense | -3.77M | -3.30M | -986.78K | -1.24M | -1.46M | -1.24M |
| Interest & Investment Income | 138.21K | 328.69K | 293.90K | 194.09K | ||
| Other Non Operating Income (Expenses) | -9.85M | -7.79M | 9.50M | 2.91M | 673.34K | -161.99K |
| Pretax Income | -62.49M | -64.63M | 18.76M | -42.56M | 12.15M | -36.97M |
| Income Tax Expense | -1.67M | -2.61M | 5.51M | 541.46K | -2.11M | 71.42K |
| Net Income | -65.71M | -62.02M | 13.25M | -43.10M | 14.26M | -37.04M |
| Net Income to Common | -65.71M | -62.02M | 13.25M | -43.10M | 14.26M | -37.04M |
| Shares Outstanding (Basic) | 17.14M | 17.14M | 17.11M | 17.08M | 175.59K | 175.59K |
| Shares Outstanding (Diluted) | 17.14M | 17.14M | 17.11M | 17.08M | 175.59K | 175.59K |
| EPS (Basic) | -3.83 | -3.62 | 0.77 | -2.52 | 81.21 | -210.93 |
| EPS (Diluted) | -3.83 | -3.62 | 0.77 | -2.52 | 81.21 | -211.00 |
| Free Cash Flow | -107.12M | -20.68M | -4.09M | -1.12M | -989.20K | -17.70M |
| Free Cash Flow Per Share | -6.25 | -1.21 | -0.24 | -0.07 | -5.63 | -100.78 |
| Gross Margin | 42.40% | 41.01% | 40.70% | 41.25% | 43.59% | 53.11% |
| Operating Margin | -15.66% | -19.33% | 5.50% | -31.35% | 11.68% | -78.39% |
| Profit Margin | -19.52% | -22.39% | 7.22% | -30.33% | 13.18% | -81.19% |
| Free Cash Flow Margin | -31.83% | -7.47% | -2.22% | -0.79% | -0.91% | -38.79% |
| EBITDA | -51.82M | -53.45M | 10.15M | -44.54M | 12.66M | -35.74M |
| EBITDA Margin | -15.40% | -19.30% | 5.53% | -31.35% | 11.70% | -78.35% |
| D&A For EBITDA | 891.73K | 90.49K | 45.24K | 7.97K | 17.43K | 19.17K |
| EBIT | -52.71M | -53.54M | 10.11M | -44.55M | 12.64M | -35.76M |
| EBIT Margin | -15.66% | -19.33% | 5.50% | -31.35% | 11.68% | -78.39% |
| Effective Tax Rate | 29.37% |
Balance sheet
Fiscal year July - June; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 27.52M | 10.28M | 2.40M | 9.87M | 2.59M | 1.83M |
| Short-Term Investments | 2.73M | |||||
| Cash & Short-Term Investments | 27.52M | 10.28M | 2.40M | 9.87M | 2.59M | 4.56M |
| Accounts Receivable | 116.42M | 114.07M | 130.35M | 77.75M | 49.80M | 21.17M |
| Other Receivables | 77.11K | 456.52K | 2.66M | 16.43M | 14.25M | |
| Receivables | 124.51M | 114.83M | 134.91M | 77.75M | 66.95M | 35.74M |
| Prepaid Expenses | 366.17K | 940.15K | 610.40K | 8.33M | 1.02M | 508.36K |
| Restricted Cash | 8.18M | 4.25M | 38.74M | 5.00M | 3.98M | 2.28M |
| Other Current Assets | 32.18M | 14.20M | 20.88M | 12.75M | 9.67M | 7.52M |
| Total Current Assets | 192.75M | 144.50M | 197.55M | 113.71M | 84.21M | 50.61M |
| Property, Plant & Equipment | 5.37M | 4.12M | 3.55M | 4.33M | 1.89M | 10.84M |
| Long-Term Investments | 15.68M | 14.97M | ||||
| Other Intangible Assets | 35.02M | 1.54M | 2.58M | 2.18M | 1.87M | 2.56M |
| Long-Term Deferred Tax Assets | 57.26K | 1.60M | 2.11M | |||
| Other Long-Term Assets | 10.04M | 5.62M | 5.05M | 6.21M | 5.82M | 5.41M |
| Total Assets | 283.14M | 170.76M | 208.79M | 128.04M | 95.90M | 69.42M |
| Accounts Payable | 103.53M | 58.61M | 51.25M | 31.44M | 21.39M | 4.11M |
| Accrued Expenses | 41.75M | 48.40M | 47.15M | 9.76M | 5.83M | 4.65M |
| Short-Term Debt | 50.82M | 23.51M | 27.65M | 27.56M | 29.75M | 29.30M |
| Current Portion of Leases | 2.38M | 2.08M | 2.43M | 2.01M | 856.57K | 2.76M |
| Current Income Taxes Payable | 512.55K | 58.60K | 42.75K | 28.34K | ||
| Other Current Liabilities | 24.12M | 11.47M | 12.55M | 23.51M | 18.64M | 23.02M |
| Total Current Liabilities | 223.10M | 144.13M | 141.07M | 94.30M | 76.46M | 63.84M |
| Long-Term Leases | 1.76M | 1.93M | 1.04M | 2.27M | 750.71K | 7.89M |
| Long-Term Deferred Tax Liabilities | 9.01M | 2.68M | 7.70K | |||
| Total Liabilities | 233.87M | 146.07M | 144.80M | 96.58M | 77.21M | 71.73M |
| Common Stock | 23.16K | 23.13K | 22.13K | 21.02K | 17.64K | 5.88K |
| Additional Paid-In Capital | 219.79M | 219.42M | 196.04M | 168.97M | 113.11M | 106.39M |
| Retained Earnings | -198.19M | -193.86M | -131.84M | -137.54M | -94.45M | -108.71M |
| Comprehensive Income & Other | -1.74M | -884.74K | -228.87K | 5.12K | ||
| Shareholders' Equity | 49.27M | 24.69M | 63.99M | 31.46M | 18.68M | -2.31M |
| Total Liabilities & Equity | 283.14M | 170.76M | 208.79M | 128.04M | 95.90M | 69.42M |
| Total Debt | 54.96M | 27.52M | 31.12M | 31.84M | 31.36M | 39.95M |
| Net Cash (Debt) | -27.44M | -17.24M | -28.72M | -21.97M | -28.76M | -35.39M |
| Net Cash Per Share | -1.60 | -1.01 | -1.68 | -1.29 | -163.81 | -201.56 |
| Filing Date Shares Outstanding | 17.14M | 17.15M | 17.11M | 5.69M | 4.47M | 175.59K |
| Total Common Shares Outstanding | 17.14M | 17.14M | 17.11M | 17.08M | 4.47M | 175.59K |
| Working Capital | -30.35M | 369.54K | 56.48M | 19.41M | 7.75M | -13.23M |
| Book Value Per Share | 1.16 | 1.44 | 3.74 | 1.84 | 4.18 | -13.17 |
| Tangible Book Value | -39.42M | 23.15M | 61.41M | 29.27M | 16.82M | -4.87M |
| Tangible Book Value Per Share | -2.30 | 1.35 | 3.59 | 1.71 | 3.76 | -27.74 |
Cash flow statement
Fiscal year July - June; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -65.71M | -62.02M | 13.25M | -43.10M | 14.26M | -37.04M |
| Depreciation & Amortization | 2.98M | 2.18M | 2.20M | 2.42M | 2.70M | 2.75M |
| Other Amortization | 375.50K | 1.04M | 1.06M | 920.42K | 693.28K | 693.28K |
| Loss (Gain) From Sale of Assets | 13.22K | |||||
| Stock-Based Compensation | 97.77K | 97.77K | 55.27M | 535.85K | 10.16M | |
| Provision & Write-off of Bad Debts | 21.42M | 21.42M | 4.12M | 1.85M | 2.97M | |
| Other Operating Activities | -76.53M | 6.36M | -3.45M | 455.49K | -2.22M | |
| Change in Accounts Receivable | 3.94M | 3.94M | -65.46M | -29.81M | -28.63M | 2.76M |
| Change in Accounts Payable | 7.36M | 7.36M | 19.82M | 10.05M | 17.28M | 1.97M |
| Change in Income Taxes | 15.85K | 15.85K | 14.40K | 28.34K | ||
| Change in Other Net Operating Assets | -1.07M | -1.07M | 24.64M | 779.64K | -5.61M | -1.96M |
| Operating Cash Flow | -107.11M | -20.68M | -3.81M | -1.12M | -989.20K | -17.70M |
| Capital Expenditures | -9.00K | -276.10K | ||||
| Sale of Property, Plant & Equipment | 10.52K | |||||
| Sale (Purchase) of Intangibles | -316.24K | -1.79M | -187.19K | -405.34K | ||
| Investment in Securities | -18.00M | -14.97M | ||||
| Other Investing Activities | -96.28K | 15.76M | -3.01M | -5.81M | ||
| Investing Cash Flow | 2.78M | -14.97M | -592.34K | 13.97M | -3.19M | -6.22M |
| Short-Term Debt Issued | 66.98M | 53.50M | 30.44M | 34.30M | 30.05M | |
| Total Debt Issued | 70.73M | 66.98M | 53.50M | 30.44M | 34.30M | 30.05M |
| Short-Term Debt Repaid | -58.94M | -54.24M | -31.37M | -33.85M | -20.75M | |
| Total Debt Repaid | -59.71M | -58.94M | -54.24M | -31.37M | -33.85M | -20.75M |
| Net Debt Issued (Repaid) | 11.02M | 8.04M | -743.76K | -932.20K | 450.00K | 9.30M |
| Issuance of Common Stock | 5.80M | 5.80M | 44.07M | 600.00K | 6.20M | 10.80M |
| Other Financing Activities | -3.97M | -3.97M | -12.42M | -4.22M | ||
| Financing Cash Flow | 12.85M | 9.87M | 30.91M | -4.56M | 6.65M | 20.10M |
| Foreign Exchange Rate Adjustments | -1.73M | -838.51K | -233.99K | 5.12K | ||
| Net Cash Flow | -93.22M | -26.62M | 26.27M | 8.30M | 2.47M | -3.81M |
| Free Cash Flow | -107.12M | -20.68M | -4.09M | -1.12M | -989.20K | -17.70M |
| Free Cash Flow Margin | -31.83% | -7.47% | -2.22% | -0.79% | -0.91% | -38.79% |
| Free Cash Flow Per Share | -6.25 | -1.21 | -0.24 | -0.07 | -5.63 | -100.78 |
| Levered Free Cash Flow | 52.50M | 36.28M | -36.69M | 24.85M | -10.76M | |
| Unlevered Free Cash Flow | 54.86M | 38.34M | -36.07M | 25.62M | -9.85M | |
| Cash Interest Paid | 1.37M | 1.22M | 4.26M | 1.24M | 1.46M | 1.24M |
| Cash Income Tax Paid | 71.42K | |||||
| Change in Working Capital | 10.25M | 10.25M | -20.99M | -18.95M | -16.96M | 2.77M |
Ratios
Fiscal year July - June; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.58M | 864.63M | 3.42B | |||
| Enterprise Value | 10.51M | 867.45M | 3.43B | |||
| Last Close Price | 0.26 | 50.50 | 200.00 | |||
| PE Ratio | 1,876.62 | |||||
| Forward PE | 17.23 | 56.44 | ||||
| PS Ratio | 0.14 | 22.37 | 135.40 | |||
| PB Ratio | 1.54 | 250.83 | 388.63 | |||
| P/TBV Ratio | 267.51 | 404.96 | ||||
| EV/Sales Ratio | 0.22 | 22.44 | 135.60 | |||
| EV/EBITDA Ratio | 2,453.20 | |||||
| EV/EBIT Ratio | 2,464.18 | |||||
| Debt / Equity Ratio | 1.11 | 1.11 | 0.49 | 1.01 | 1.68 | -17.28 |
| Debt / EBITDA Ratio | 2.49 | 1.96 | ||||
| Net Debt / Equity Ratio | 0.56 | 0.70 | 0.45 | 0.70 | 1.54 | -15.30 |
| Net Debt / EBITDA Ratio | -0.53 | -0.32 | 2.83 | -0.49 | 2.27 | -0.99 |
| Net Debt / FCF Ratio | -0.26 | -0.83 | -7.03 | -19.55 | -29.08 | -2.00 |
| Asset Turnover | 1.12 | 1.46 | 1.09 | 1.27 | 1.31 | |
| Quick Ratio | 0.65 | 0.87 | 0.96 | 0.93 | 0.90 | 0.63 |
| Current Ratio | 0.86 | 1.00 | 1.40 | 1.21 | 1.10 | 0.79 |
| Return on Equity (ROE) | -99.67% | -139.87% | 27.77% | -171.92% | 174.21% | |
| Return on Assets (ROA) | -11.02% | -17.63% | 3.75% | -24.87% | 9.56% | |
| Return on Invested Capital (ROIC) | -68.72% | -79.53% | 9.77% | -88.34% | 47.68% | -641.35% |
| Return on Capital Employed (ROCE) | -87.80% | -201.10% | 14.90% | -132.10% | 65.00% | -641.40% |
| Earnings Yield | -214.85% | -1.00% | 0.05% | |||
| FCF Yield | -244.45% | -0.33% | -0.02% | |||
| Buyback Yield / Dilution | -0.11% | -0.16% | -0.18% | -9,627.24% |