<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Ningbo Pangu Chuangfu Hefu Equity Investment Partnership (Limited Partnership) -->
          <cik>0002131457</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>CLASS A ORDINARY SHARES, PAR VALUE $0.0001</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001966750</issuerCik>
        <issuerName>Zhibao Technology Inc.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>G989MC106</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>Floor 3, Building 6, Wuxing Road,</com:street1>
          <com:street2>Lane 727, Pudong New Area</com:street2>
          <com:city>Shanghai</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>201204</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Ningbo Pangu Chuangfu Hefu Equity Investment Partnership (Limited Partnership)</reportingPersonName>
      <citizenshipOrOrganization>F4</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>1813954.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>1813954.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1813954.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.5</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Kai Liu</reportingPersonName>
      <citizenshipOrOrganization>F4</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>1813954.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>1813954.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1813954.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.5</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>(1) Based on 17,245,000 Class A ordinary shares issued and outstanding and excludes 16,816,692 Class B ordinary shares issued and outstanding as of April 20, 2026.

(2) Ningbo Pangu Chuangfu Hefu Equity Investment Partnership (Limited Partnership) ("Pangu") is the record holder of the shares reported herein. Mr. Kai Liu is the director of Ningbo Pangu Chuangfu Hefu Equity Investment Partnership (Limited Partnership). As such, he may be deemed to have or share voting and dispositive power of the Class A ordinary shares held directly by Pangu. Mr. Liu disclaims any beneficial ownership of the reported ordinary shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Zhibao Technology Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Floor 3, Building 6, Wuxing Road, Lane 727, Pudong New Area, Shanghai, China 201204</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Ningbo Pangu Chuangfu Hefu Equity Investment Partnership (Limited Partnership)</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>No.1 Xinqyeyi Road, Room 3531-2, Building 2, Ningbo, Zhejiang, China</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Ningbo Pangu Chuangfu Hefu Equity Investment Partnership (Limited Partnership) is a limited partnership incorporated under the laws of the People's Republic of China. Mr. Kai Liu is a citizen of the People's Republic of China.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>1,813,954</amountBeneficiallyOwned>
        <classPercent>The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. As of April 20, 2026, the Reporting Persons may be deemed to beneficially own 1,813,954 shares of the Issuer's Class A ordinary shares, representing 10.5% of the total Class A ordinary shares issued and outstanding. The percentage of Class A ordinary shares held by the Reporting Persons is based on 17,245,000 Class A ordinary shares issued and outstanding and excludes 16,816,692 Class B ordinary shares issued and outstanding as of April 20, 2026.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>1,813,954</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>1,813,954</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <exhibitInfo>99.1 Joint Filing Agreement (filed herewith).</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Ningbo Pangu Chuangfu Hefu Equity Investment Partnership (Limited Partnership)</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Kai Liu</signature>
        <title>Kai Liu, Director</title>
        <date>07/02/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Kai Liu</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Kai Liu</signature>
        <title>Kai Liu</title>
        <date>07/02/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
