Zhibao Technology's Subsidiary, Sunshine Insurance Brokers Announces Expansion in the Natural Gas Insurance Market in Conjunction with YipinSmart, a Subsidiary of China Gas
Zhibao Technology Inc. (NASDAQ: ZBAO) announced an expansion in the natural gas insurance market through its subsidiary, Sunshine Insurance Broker, partnering with YipinSmart, a China Gas subsidiary. The Marketing Agreement, signed in December 2024, covers five cities across Zhejiang and Jiangsu provinces, reaching over 36 million people.
YipinSmart specializes in smart home solutions and safe natural gas services for China Gas customers. This collaboration enables Zhibao to promote household and commercial property insurance to urban gas companies' clients. The partnership follows Zhibao's previous ventures with Shenergy Group and Shenzhen Gas Group, serving Shanghai and Shenzhen's combined population of 42 million.
Currently, Zhibao's natural gas insurance solution covers 18 cities and territories in China, with the company expecting revenue growth, margin expansion, and enhanced cash flow streams from its gas sector operations.
Zhibao Technology Inc. (NASDAQ: ZBAO) ha annunciato un'espansione nel mercato delle assicurazioni sul gas naturale attraverso la sua controllata, Sunshine Insurance Broker, in collaborazione con YipinSmart, una sussidiaria di China Gas. L'Accordo di Marketing, firmato nel dicembre 2024, copre cinque città nelle province di Zhejiang e Jiangsu, raggiungendo oltre 36 milioni di persone.
YipinSmart si specializza in soluzioni per la casa intelligente e servizi di gas naturale sicuri per i clienti di China Gas. Questa collaborazione consente a Zhibao di promuovere assicurazioni per abitazioni e proprietà commerciali ai clienti delle aziende di gas urbane. La partnership segue le precedenti iniziative di Zhibao con Shenergy Group e Shenzhen Gas Group, servendo una popolazione combinata di 42 milioni a Shanghai e Shenzhen.
Attualmente, la soluzione di assicurazione sul gas naturale di Zhibao copre 18 città e territori in Cina, con l'azienda che prevede una crescita dei ricavi, un'espansione dei margini e un miglioramento dei flussi di cassa dalle sue operazioni nel settore del gas.
Zhibao Technology Inc. (NASDAQ: ZBAO) anunció una expansión en el mercado de seguros de gas natural a través de su subsidiaria, Sunshine Insurance Broker, asociándose con YipinSmart, una subsidiaria de China Gas. El Acuerdo de Marketing, firmado en diciembre de 2024, abarca cinco ciudades en las provincias de Zhejiang y Jiangsu, alcanzando a más de 36 millones de personas.
YipinSmart se especializa en soluciones para hogares inteligentes y servicios seguros de gas natural para los clientes de China Gas. Esta colaboración permite a Zhibao promover seguros para propiedades residenciales y comerciales a los clientes de las empresas de gas urbanas. La asociación sigue las iniciativas anteriores de Zhibao con Shenergy Group y Shenzhen Gas Group, atendiendo a una población combinada de 42 millones en Shanghái y Shenzhen.
Actualmente, la solución de seguros de gas natural de Zhibao cubre 18 ciudades y territorios en China, y la compañía espera un crecimiento de ingresos, expansión de márgenes y mejora de los flujos de efectivo de sus operaciones en el sector del gas.
Zhibao Technology Inc. (NASDAQ: ZBAO)는 자회사인 Sunshine Insurance Broker를 통해 천연가스 보험 시장에서의 확장을 발표하며, China Gas의 자회사인 YipinSmart와 파트너십을 체결했습니다. 2024년 12월에 체결된 마케팅 계약은 저장성과 장쑤성의 5개 도시를 포함하며, 3600만 명 이상의 인구에 도달합니다.
YipinSmart는 China Gas 고객을 위한 스마트 홈 솔루션 및 안전한 천연가스 서비스를 전문으로 합니다. 이 협업을 통해 Zhibao는 도시 가스 회사 고객에게 가정용 및 상업용 재산 보험을 홍보할 수 있게 됩니다. 이 파트너십은 상하이와 심천의 4200만 인구를 대상으로 한 Zhibao의 이전 Shenergy Group 및 Shenzhen Gas Group과의 벤처에 이어 이루어졌습니다.
현재 Zhibao의 천연가스 보험 솔루션은 중국의 18개 도시 및 지역을 커버하며, 회사는 가스 부문 운영에서 수익 성장, 마진 확대 및 현금 흐름 개선을 기대하고 있습니다.
Zhibao Technology Inc. (NASDAQ: ZBAO) a annoncé une expansion sur le marché de l'assurance gaz naturel par le biais de sa filiale, Sunshine Insurance Broker, en s'associant à YipinSmart, une filiale de China Gas. L'Accord de Marketing, signé en décembre 2024, couvre cinq villes des provinces de Zhejiang et Jiangsu, atteignant plus de 36 millions de personnes.
YipinSmart se spécialise dans les solutions de maison intelligente et les services de gaz naturel sécurisés pour les clients de China Gas. Cette collaboration permet à Zhibao de promouvoir des assurances pour les propriétés résidentielles et commerciales auprès des clients des entreprises de gaz urbaines. Ce partenariat fait suite aux précédentes initiatives de Zhibao avec Shenergy Group et Shenzhen Gas Group, desservant une population combinée de 42 millions à Shanghai et Shenzhen.
Actuellement, la solution d'assurance gaz naturel de Zhibao couvre 18 villes et territoires en Chine, l'entreprise s'attendant à une croissance des revenus, une expansion des marges et une amélioration des flux de trésorerie de ses opérations dans le secteur du gaz.
Zhibao Technology Inc. (NASDAQ: ZBAO) hat eine Expansion im Markt für Erdgasversicherungen durch ihre Tochtergesellschaft Sunshine Insurance Broker angekündigt und arbeitet dabei mit YipinSmart, einer Tochtergesellschaft von China Gas, zusammen. Der im Dezember 2024 unterzeichnete Marketingvertrag umfasst fünf Städte in den Provinzen Zhejiang und Jiangsu und erreicht über 36 Millionen Menschen.
YipinSmart ist auf intelligente Wohnlösungen und sichere Erdgasdienste für Kunden von China Gas spezialisiert. Diese Zusammenarbeit ermöglicht es Zhibao, Haus- und Gewerbeversicherungen an die Kunden städtischer Gasunternehmen zu vermarkten. Die Partnerschaft folgt auf Zhibaos frühere Unternehmungen mit der Shenergy Group und der Shenzhen Gas Group, die zusammen eine Bevölkerung von 42 Millionen in Shanghai und Shenzhen bedienen.
Derzeit deckt Zhibaos Erdgasversicherungsangebot 18 Städte und Gebiete in China ab, wobei das Unternehmen mit einem Umsatzwachstum, einer Margenausweitung und verbesserten Cashflow-Strömen aus seinen Gasoperationen rechnet.
- Expansion into five new cities with 36 million potential customers
- Strategic partnership with YipinSmart (China Gas subsidiary) enhances market presence
- Current coverage in 18 cities including major markets Shanghai and Shenzhen
- Expected revenue growth and margin expansion from gas sector operations
- None.
Insights
Zhibao Technology's expansion in China's natural gas insurance market represents a strategic growth initiative that leverages its digital insurance capabilities through established utility distribution networks. Through its subsidiary Sunshine Insurance Brokers, Zhibao has expanded its December 2024 marketing agreement with YipinSmart (a China Gas subsidiary) to access five cities across Zhejiang and Jiangsu provinces with a population exceeding 36 million.
This partnership establishes a valuable commercial channel for Zhibao to market household and commercial property insurance products to China Gas's extensive customer base. The collaboration follows Zhibao's existing partnerships with Shenergy Group and Shenzhen Gas Group, extending their natural gas insurance footprint to 18 cities across China.
From a business development perspective, this expansion demonstrates Zhibao's execution of a deliberate channel strategy that efficiently leverages existing customer relationships through essential service providers. By integrating with YipinSmart's focus on smart home solutions and services for safe natural gas use, Zhibao positions itself at a natural customer touchpoint where insurance products have contextual relevance.
The utility sector partnerships offer Zhibao several structural advantages: lower customer acquisition costs through established distribution channels, access to a stable customer base, and potential for recurring revenue streams. These characteristics align well with Zhibao's InsurTech business model that emphasizes digital delivery of insurance products.
While the immediate financial impact remains unquantified, the expansion represents positive development in Zhibao's growth strategy, potentially enhancing shareholder value through diversification of revenue sources and margin improvement as suggested by management.
Shanghai, China--(Newsfile Corp. - March 14, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company"), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced an expansion in the natural gas Insurance Market through its subsidiary, Sunshine Insurance Broker in conjunction with YipinSmart, a subsidiary of China Gas. Sunshine first entered into a Marketing Agreement with YipinSmart in December 2024, covering five cities across Zhejiang and Jiangsu provinces, with a combined population of more than 36 million people.
YipinSmart is a subsidiary of China Gas, a national provider of natural gas services in China, focusing on smart home solutions and services surrounding the safe use of natural gas to China Gas customers. This marketing agreement with YipinSmart kicks off Zhibao's collaboration with China Gas and provides Zhibao with a business channel to promote household and commercial property insurance to individual and corporate clients of urban gas companies.
"We are pleased to announce our expansion in the natural gas market with YipinSmart which will provide us with substantial growth trajectory as we strive to execute on our expansion strategy. Since the signing of the Marketing Agreement in late 2024, our teams have been hard at working together to lay the foundation to offer our digital insurance solutions to YipinSmart's customers. We are ready to start leveraging the wide network of channels provided by this collaboration to diversify our insurance brokerage footprint and enhance our presence in the natural gas industry. In addition, we are excited about our continued success in the gas business that provides dependable revenues, margin expansion, and cash flow streams. We expect our continued growth within the gas sector and the further enhancements we have made to our business model will drive tremendous interest in the investment community and promote considerable value to our shareholders," said Zhibao's Chief Executive Officer, Mr. Botao Ma.
This collaboration with YipinSmart, marks Zhibao's continued endeavor into the natural gas insurance industry following partnerships with Shenergy Group and Shenzhen Gas Group. These are the primary providers of natural gas to the cities of Shanghai and Shenzhen respectively, two megacities with a combined population of over 42 million people. Currently, our natural gas insurance solution covers 18 cities and territories in China.
About Zhibao Technology Inc.
Zhibao Technology Inc. (NASDAQ: ZBAO) is a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities ("Zhibao China Group") in China. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao China Group pioneered in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, which is powered by their proprietary PaaS ("Platform as a Service").
Zhibao has developed over 40 proprietary and innovative digital insurance solutions addressing different scenarios in a wide range of industries, including but not limited to travel, sports, logistics, utilities, and e-commerce. Zhibao acquires and analyzes customer data, utilize big data and AI technology to continually iterate and enhance its digital insurance solutions. This iterative process, in addition to continually improving its digital insurance solutions, will keep it abreast of the new trends and customer preferences in the market. For more information, please visit: ir.zhibao-tech.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
Investor Relations Contact
Zhibao Technology Inc.
Investor Relations Office
Email: ir@zhibao-tech.com
Skyline Corporate Communications Group, LLC
Scott Powell, President
Avenues Tower
1177 Avenue of the Americas, 5th floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244437
FAQ
What territories does Zhibao's (ZBAO) natural gas insurance coverage include in 2025?
How many people can ZBAO reach through its YipinSmart partnership in 2025?
What is the potential market size for ZBAO's partnership with Shenergy and Shenzhen Gas Group?
When did ZBAO sign the Marketing Agreement with YipinSmart?
