Zhibao Technology Inc. announced that it would cancel its earnings conference call scheduled for the morning of November 18, 2025 and that the company would delay filing its Form 20‑F annual report. The decision was made after the company missed the November 17 filing deadline, citing the need for additional time to complete year‑end audit procedures and testing.
The delay was attributed to extended audit work rather than accounting principle disputes or auditor disagreements. Company officials stated that they expect to file the Form 20‑F as soon as the audit is finalized, but no specific filing date was provided.
Prior to the cancellation, Zhibao had guided for fiscal‑year revenue growth of 60‑80 % over the previous year. The cancellation raises questions about the company’s ability to meet regulatory deadlines and may erode investor confidence in its reporting processes. The company’s inability to deliver earnings on the scheduled date also interrupts the usual flow of information that analysts and investors rely on to assess performance.
Management did not provide direct quotes regarding the cancellation, but the company’s statement emphasized that it is working diligently to complete the audit and file the annual report promptly. The lack of a formal earnings release means that no revenue, EPS, or guidance figures were disclosed for the period.
Analysts and market observers have noted a predicted downward trend in Zhibao’s share price, with forecasts suggesting a decline to as low as $0.93 by the end of the week. The company’s stock has already fallen 72 % over the past year, trading near $0.98 as of early November. While the cancellation itself has not yet triggered a measurable market reaction, the event is likely to reinforce negative sentiment and could lead to a reassessment of the company’s valuation.
The cancellation and filing delay highlight potential weaknesses in Zhibao’s internal controls and audit processes. If the company fails to file the Form 20‑F in a timely manner, it could face regulatory scrutiny and further damage investor trust. The incident underscores the importance of robust compliance systems, especially for companies operating in highly regulated sectors such as digital insurance brokerage.
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