Zhibao Technology H1 Revenues Rise 41% to RMB206M, Net Profit Returns
Zhibao Technology’s H1 FY2026 revenues rose 41% to RMB206 million and gross margin climbed to 34.8% from 29.1%. Net income reached RMB0.6 million versus a RMB0.6 million loss last year, B-channel partners grew to 3,100 serving 27 million customers, and natural gas premiums exceeded RMB100 million.
1. H1 FY2026 Financial Results
In the six months ended December 31, 2025, revenues increased by 41% to RMB206.0 million, gross profit rose to RMB71.7 million with a 34.8% margin, and net income turned positive at RMB0.6 million versus a RMB0.6 million loss a year earlier.
2. B-Channel Expansion and Customer Reach
Zhibao expanded its B-channel network from 2,000 to over 3,100 partners, extending its end-customer base to more than 27 million, while its digital insurance platform now offers over 40 proprietary solutions across travel, sports, logistics, utilities and e-commerce.
3. Natural Gas Segment and Expense Trends
The natural gas insurance segment generated over RMB100 million in premiums and nearly RMB60 million in brokerage revenue; selling expenses climbed 123% to RMB41.4 million, general and administrative expenses rose 46% to RMB20.9 million, and R&D costs fell 21% to RMB4.7 million.