Streetbeat News

ZBAO

Zhibao Technology Inc.

Open

1.33

Mkt cap

38M

Volume

50K

High

1.41

P/E Ratio

20.00

52-wk high

5.70

Low

1.20

Div yield

N/A

52-wk low

1.17

Zhibao has entered into a strategic investment cooperation with Sport Covers to develop a new business model in digital sports and insurance brokerage. The partnership is expected to significantly boost Zhibao's revenue over the next few years, with projected increases of CNY 20M in 2024, CNY 50M in 2025, and CNY 80M in 2026. Zhibao aims to capture a substantial share of the sports-related insurance market, targeting 10% by 2024, over 15% by 2025, and more than 20% by 2026.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:38 pm

Zhibao Technology reported a 6-month EPS of $(0.03) and revenue of $11.9M, down 8% YoY. The decline was mainly due to reduced insurance brokerage service fees and MGU services. Despite the losses, the company is optimistic about future growth through organic means and strategic M&A opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:05 pm

Trading for the IPO security ZBAO was halted but has now resumed as of 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:35 pm

Zhibao Technology has priced its initial public offering (IPO) of 1.5 million Class A ordinary shares at $4 per share.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:06 am

Zhibao Technology Inc (NASDAQ:ZBAO) is set to begin trading on NASDAQ on April 2, with its IPO priced between $4.00 and $6.00 per share. The company, incorporated in the Cayman Islands, operates mainly through its PRC subsidiaries, including Zhibao China and Sunshine Insurance Brokers. An insider lock-up period is set for 180 days, ending on September 29, 2024.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 3:00 pm

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