$ZBAO

Zhibao Technology Inc.

CIK:0001966750|SEC Filings

Consolidated Statements of Operations and Comprehensive (Loss) Income	12 Months Ended
	Jun. 30, 2025 CNY (¥) ¥ / shares shares	Jun. 30, 2025 USD ($) $ / shares shares	Jun. 30, 2024 CNY (¥) ¥ / shares shares	Jun. 30, 2023 CNY (¥) ¥ / shares shares
Income Statement [Abstract]
Revenues	¥ 276,936,030	$ 38,658,779	¥ 183,669,326	¥ 142,102,834
Cost of revenues	(163,366,825)	(22,805,129)	(108,908,547)	(83,485,203)
Gross profit	113,569,205	15,853,650	74,760,779	58,617,631
Operating expenses
Selling and marketing expenses	(112,234,880)	(15,667,385)	(31,606,719)	(22,495,891)
General and administrative expenses	(44,016,390)	(6,144,451)	(17,954,289)	(70,991,876)
Research and development expenses	(10,855,939)	(1,515,431)	(15,092,620)	(9,682,605)
Total operating expenses	(167,107,209)	(23,327,267)	(64,653,628)	(103,170,372)
(Loss) income from operations	(53,538,004)	(7,473,617)	10,107,151	(44,552,741)
Interest expense, net	(3,304,880)	(461,343)	(848,575)	(912,397)
Other income, net	(1,532,989)	(213,997)	507,609	2,907,818
Gain on extinguishment of liability (Note 10)			8,996,341
Loss on extinguishment of convertible notes	(7,174,958)	(1,001,586)
Changes in fair value of derivative liabilities	(1,031,558)	(144,000)
Changes in fair value of warrant liabilities	1,952,081	272,500
(Loss) Income Before Income Taxes	(64,630,308)	(9,022,043)	18,762,526	(42,557,320)
Income tax (expenses) benefits	2,610,709	364,441	(5,510,773)	(541,460)
Net (Loss) Income	(62,019,599)	(8,657,602)	13,251,753	(43,098,780)
Other comprehensive income (loss)
Foreign currency translation adjustments	(655,869)	(91,556)	(233,990)	5,118
Comprehensive (loss) income	¥ (62,675,468)	$ (8,749,158)	¥ 13,017,763	¥ (43,093,662)
Weighted average number of ordinary share outstanding
Basic (in Shares)	31,986,420	31,986,420	30,367,806	26,710,005
Diluted (in Shares)	31,986,420	31,986,420	30,367,806	26,710,005
(Loss) earnings per share
Basic (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (1.94)	$ (0.27)	¥ 0.44	¥ (1.61)
Diluted (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (1.94)	$ (0.27)	¥ 0.44	¥ (1.61)

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Jun. 30, 2025 CNY (¥)	Jun. 30, 2025 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
Cash Flows From Operating Activities:
Net (Loss) Income	¥ (62,019,599)	$ (8,657,602)	¥ 13,251,753	¥ (43,098,780)
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization expenses	1,132,097	158,035	1,109,606	928,385
Amortization of operating lease right-of-use assets	2,090,222	291,784	2,153,804	2,407,047
(Gain) loss from early termination of right-of-use assets	(34,321)	(4,791)	46,943	(58,092)
Loss from disposal of property and equipment				13,223
Share-based compensation expenses	97,765	13,647		55,266,010
Provision for doubtful receivables	21,421,734	2,990,359	4,118,332	1,854,686
Gain from extinguishment of liability			(8,996,341)
Accretion of interest expenses on convertible notes	2,761,739	385,524
Loss from extinguishment of convertible notes	7,174,958	1,001,586
Changes in fair value of derivative liabilities	1,031,558	144,000
Changes in fair value of warrant liabilities	(1,952,081)	(272,500)
Deferred income tax expenses (benefits)	(2,626,562)	(366,654)	5,496,536	513,577
Changes in operating assets and liabilities:
Accounts receivable	3,938,524	549,797	(65,456,574)	(29,805,495)
Due from related parties	(1,586,308)	(221,440)	(8,040,512)	(2,724,260)
Prepaid expenses and other current assets	2,661,378	371,514	(1,240,202)	(3,311,573)
Other non-current assets	(573,649)	(80,078)	15,000	159,865
Accounts payable	7,357,872	1,027,119	19,816,427	10,047,563
Insurance premium payable	4,412,464	615,956	34,823,473	108,124
Due to related parties	136,816	19,099	162,408
Income tax payable	15,853	2,213	14,404	28,343
Operating lease liabilities	(2,175,762)	(303,725)	(1,999,242)	(2,144,171)
Accrued expenses and other liabilities	(3,941,186)	(550,168)	914,832	8,691,653
Net cash used in operating activities	(20,676,488)	(2,886,325)	(3,809,353)	(1,123,895)
Cash Flows From Investing Activities
Purchase of property and equipment			(276,102)
Prepayments or purchase for intangible assets			(316,236)	(1,791,906)
Loans made to related parties				(15,500)
Collection of loan to related parties				15,771,100
Proceeds from disposal of property and equipment				10,520
Prepayment for equity investments	(12,475,000)	(1,741,443)
Investment in an equity investee	(2,500,000)	(348,987)
Net cash provided by (used in) investing activities	(14,975,000)	(2,090,430)	(592,338)	13,974,214
Cash Flows From Financing Activities
Proceeds from IPO			43,384,800
Proceeds from over-allotment			687,523
Net proceeds from issuance of convertible notes	17,483,280	2,442,491
Repayment of convertible notes	(5,264,783)	(734,935)
Capital contribution from a shareholder	5,799,969	809,644		600,000
Proceeds from short-term bank borrowings	40,000,000	5,583,785	25,000,000	30,200,000
Repayment of short-term borrowings	(45,014,237)	(6,283,745)	(25,453,560)	(30,932,203)
Borrowings from related parties	9,500,000	1,326,149	28,500,000	237,000
Repayment of borrowings to related parties	(8,661,984)	(1,209,166)	(28,790,200)	(437,000)
Settlement of subscription fees advanced from a investor	(3,967,865)	(553,893)
Payment of offering cost			(12,421,207)	(4,223,769)
Net cash (used in) provided by financing activities	9,874,380	1,380,330	30,907,356	(4,555,972)
Effect of exchange rate changes on cash and cash equivalents	(838,511)	(118,972)	(233,991)	5,116
Net increase (decrease) in cash, cash equivalents and restricted cash	(26,615,619)	(3,715,397)	26,271,674	8,299,463
Cash, cash equivalents and restricted cash at beginning of the year	46,145,326	6,441,639	19,873,652	11,574,189
Cash, cash equivalents and restricted cash at end of the year	19,529,707	2,726,242	46,145,326	19,873,652
Supplemental Cash Flow Information
Cash paid for interest expense	1,223,712	170,824	4,255,412	1,241,082
Cash paid for income tax
Non-cash Investing and Financing activities
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	4,617,878	644,631	1,355,484	6,609,590
Disposal of operating lease right-of-use assets	1,464,840	204,484	216,170	1,922,624
Issuance of warrants to underwriter in connection with IPO and overallotment			627,340
Issuance of shares to settlement convertible notes	14,148,573	1,975,065
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets
Cash and cash equivalents	10,284,108	1,435,606	2,401,495
Restricted cash	4,245,599	592,663	38,743,831
Restricted cash, noncurrent	5,000,000	697,973	5,000,000
Total cash and cash equivalents and restricted cash	¥ 19,529,707	$ 2,726,242	¥ 46,145,326

Consolidated Balance Sheets	Jun. 30, 2025 CNY (¥)	Jun. 30, 2025 USD ($)	Jun. 30, 2024 CNY (¥)
Current Assets
Cash and cash equivalents	¥ 10,284,108	$ 1,435,606	¥ 2,401,495
Restricted cash	4,245,599	592,663	38,743,831
Accounts receivable, net	114,070,587	15,923,640	130,354,429
Prepaid expenses and other current assets, net	6,824,085	952,606	9,485,464
Total Current Assets	144,500,795	20,171,534	197,551,743
Deposit of long-term investments	12,475,000	1,741,443
Long-term investments in equity investee	2,500,000	348,987
Property and equipment, net	142,887	19,946	233,375
Intangible assets, net	1,539,437	214,897	2,581,046
Operating lease right of use assets	3,976,798	555,140	3,313,215
Restricted cash, noncurrent	5,000,000	697,973	5,000,000
Deferred tax assets			57,257
Other non-current assets	624,653	87,198	51,004
Total Non-Current Assets	26,258,775	3,665,584	11,235,897
Total Assets	170,759,570	23,837,118	208,787,640
Current Liabilities
Short-term borrowings	21,800,000	3,043,163	26,814,237
Accounts payable	58,610,826	8,181,756	51,252,954
Insurance premium payable	42,789,314	5,973,158	38,376,850
Income tax payable	58,600	8,180	42,747
Operating lease liabilities, current	2,078,397	290,133	2,425,135
Accrued expenses and other liabilities	12,049,786	1,682,084	15,990,970
Convertible notes	1,709,343	238,615
Derivative liabilities	14,327	2,000
Warrant liabilities	1,892,623	264,200
Total Current Liabilities	144,131,260	20,119,947	141,068,960
Operating lease liabilities, noncurrent	1,934,528	270,050	1,044,068
Deferred tax liabilities			2,683,818
Total Non-current Liabilities	1,934,528	270,050	3,727,886
Total Liabilities	146,065,788	20,389,997	144,796,846
Commitments and contingencies
Shareholders’ Equity
Additional paid-in capital	219,416,239	30,629,325	196,038,784
Accumulated deficit	(193,860,843)	(27,061,992)	(131,841,244)
Accumulated other comprehensive loss	(884,741)	(123,505)	(228,872)
Total Shareholders’ Equity	24,693,782	3,447,121	63,990,794
Total Liabilities and Shareholders’ Equity	170,759,570	23,837,118	208,787,640
Class A Ordinary Shares
Shareholders’ Equity
Ordinary Shares	10,923	1,611	9,922
Class B Ordinary Shares
Shareholders’ Equity
Ordinary Shares	12,204	1,682	12,204
Related Party
Current Assets
Due from related parties	9,076,416	1,267,019	16,566,524
Current Liabilities
Due to related parties	¥ 3,128,044	$ 436,658	¥ 6,166,067