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Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 - WDH STOCK NEWS

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Waterdrop Inc. (NYSE: WDH) is a pioneering technology platform dedicated to insurance and healthcare services, delivering a significant social impact. Established in 2016, Waterdrop leverages advanced technology to provide comprehensive insurance solutions and medical crowdfunding services, aimed at bringing insurance and healthcare to billions. The platform's main components include the Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, offering a wide range of services to its users.

In recent financial highlights for the first quarter of 2024, Waterdrop reported impressive results, achieving a net profit attributable to ordinary shareholders of RMB 80.6 million, marking a 36.5% quarter-over-quarter growth. This denotes the ninth consecutive quarter of profitability. The company's operating revenue increased by 16.3% year-over-year to RMB 704.7 million, demonstrating robust growth and sustained operational efficiency.

The Waterdrop Insurance Marketplace continues to excel, with first-year premiums (FYPs) reaching RMB 1.755 billion. Notably, life insurance accounted for 56.4% of the long-term insurance product mix, underlining the company's strong presence in the insurance sector. Waterdrop's innovative use of AI technology, through its proprietary ShuishouGPT platform, has significantly enhanced its service offerings, providing autonomous user interactions and achieving over 90% accuracy in insurance-related inquiries.

Waterdrop Medical Crowdfunding upheld its mission of saving lives by raising RMB 63.8 billion for over 3.17 million patients. The platform's Guardian Program ensures the efficiency, security, and transparency of fundraising activities. Waterdrop's healthcare-related services have also seen substantial growth, with revenues of approximately RMB 25.3 million, representing a year-on-year growth of 7.3%.

In addition to its core businesses, Waterdrop has ventured into digital clinical trial solutions, partnering with numerous pharmaceutical companies and Contract Research Organizations (CROs). By the end of the first quarter of 2024, Waterdrop had collaborated with 179 pharmaceuticals and CROs, enrolling approximately 7,800 patients and signing 88 new projects.

Waterdrop's commitment to technological innovation, customer-centric approach, and robust financial performance underscore its position as a leader in the insurance and healthcare sectors. The company's strategic acquisitions, such as Shenlanbao, and its continuous investment in AI and big data technologies, highlight its dedication to providing high-quality, customized insurance and healthcare solutions.

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Waterdrop Inc. (NYSE: WDH) has launched 'Waterdrop Blue Ocean', a groundbreaking series of critical illness insurance products in partnership with China United Property Insurance and Yong An Insurance. This initiative features a waiver on health declarations, targeting customers with pre-existing medical conditions, an underserved market segment. The product ensures comprehensive coverage for 193 illnesses, with annual premiums starting from RMB 679. This launch signifies Waterdrop's commitment to making insurance more inclusive and accessible, addressing the critical need for coverage among elderly and chronic disease patients.

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Waterdrop Inc. (NYSE: WDH) reports Q1 2022 results with net operating revenue of RMB648.7 million (US$102.3 million), a 7.4% increase quarter-over-quarter despite a 26.6% year-over-year decline. Notably, the company achieved its first GAAP net profit of RMB105.0 million (US$16.6 million). Sales and marketing expenses saw a significant drop of 75.6%, contributing to improved profitability. Cumulative insurance customers reached 111.1 million, while cash reserves increased to RMB2,924.2 million (US$461.3 million). The company aims for sustained revenue growth and profitability throughout 2022.

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Waterdrop Inc. (NYSE: WDH) has announced it will release its unaudited financial results for Q1 2022 on June 15, 2022, prior to U.S. market opening. A conference call will follow at 8:00 AM EDT, where management will discuss the financial results with investors. Details for dial-in participation are provided, and a replay will be accessible after the call. Waterdrop aims to improve insurance and healthcare access through its technology platform, including the Waterdrop Insurance Marketplace and Medical Crowdfunding.

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Waterdrop Inc. (NYSE: WDH) appointed Mr. Ning Zhu as an independent director on May 2, 2022, enhancing its board's governance. Zhu, a finance professor and former tenured professor at UC Davis, brings substantial expertise, which the company believes will strengthen risk management and corporate governance. His addition will make the board consist of nine members, including three independent directors. The current chairman, Peng Shen, expressed optimism about Zhu's contributions to the company’s positive social impact through technological advancements in insurance and healthcare.

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Waterdrop Inc. (NYSE: WDH) filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 28, 2022. The report includes audited consolidated financial statements and is available on the Company's investor relations website and the SEC's site. Shareholders can request a hard copy of the report free of charge. Waterdrop is a technology platform focused on insurance and healthcare services aimed at making healthcare accessible through technology.

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Waterdrop Inc. (NYSE: WDH) reported its financial results for Q4 and fiscal year 2021, highlighting a 13.4% increase in first-year premiums to RMB16,363 million ($2,568 million). The company achieved an adjusted net profit of RMB5.9 million ($0.9 million), significantly reducing its net loss margin to negative 11.8%. Operating revenue for Q4 decreased by 27.3% year-over-year to RMB603.9 million ($94.8 million), driven by a decline in insurance-related income. Despite challenges, Waterdrop aims for non-GAAP operating profit in 2022.

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Waterdrop Inc. (NYSE: WDH) will release its unaudited financial results for Q4 and fiscal year 2021 on March 23, 2022, before the U.S. market opens. The management will host a conference call on the same day at 8:00 AM Eastern Time to discuss these results. Interested parties can access the call through provided dial-in numbers, and a live webcast will also be available on the company's investor relations website. Waterdrop aims to leverage technology in insurance and healthcare services, having launched in 2016.

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Waterdrop announced its unaudited financial results for Q3 2021, reporting a 37.5% year-over-year increase in first-year premiums (RMB14,464 million, US$2,245 million). However, net operating revenue fell by 9.7% to RMB779.3 million (US$120.9 million), driven by a 9.4% decrease in insurance-related income. Operating expenses increased 31.5% year-over-year to RMB1,292.3 million (US$200.6 million). Net loss attributable to the Company was RMB477.0 million (US$74.0 million), a loss increase of 242.6% compared to the same period last year, but improved by 27.3% sequentially.

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Waterdrop Inc. (NYSE: WDH) will announce its unaudited financial results for Q3 2021 on November 30, 2021, before U.S. market opening. A conference call is scheduled for 7:00 AM ET to discuss the results, with dial-in information provided for participants from various regions. The company emphasizes its dedication to providing insurance and healthcare services with a positive social impact, aiming to reach billions through technology.

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Glancy Prongay & Murray LLP announces that investors with significant losses from Waterdrop's May 2021 IPO have the opportunity to lead a securities fraud class action lawsuit against the company (NYSE: WDH). The lawsuit alleges Waterdrop misrepresented its business and financial health, claiming its historical revenue growth was achieved through illicit practices and that the Chinese government ordered a shutdown of its mutual aid platform. The deadline for lead plaintiff applications is November 15, 2021.

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FAQ

What is the current stock price of Waterdrop American Depositary Shares (each representing the right to receive 10 (WDH)?

The current stock price of Waterdrop American Depositary Shares (each representing the right to receive 10 (WDH) is $1.15 as of November 20, 2024.

What is the market cap of Waterdrop American Depositary Shares (each representing the right to receive 10 (WDH)?

The market cap of Waterdrop American Depositary Shares (each representing the right to receive 10 (WDH) is approximately 416.9M.

What is Waterdrop Inc.?

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare services, established in 2016. It aims to bring insurance and healthcare to billions through its Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding services.

How did Waterdrop perform financially in the first quarter of 2024?

Waterdrop achieved a net profit of RMB 80.6 million in the first quarter of 2024, marking its ninth consecutive quarter of profitability. The company saw a 16.3% year-over-year increase in operating revenue, reaching RMB 704.7 million.

What are the core components of Waterdrop's platform?

Waterdrop's platform comprises two main components: the Waterdrop Insurance Marketplace, which provides various insurance products, and Waterdrop Medical Crowdfunding, which helps raise funds for medical treatments.

What are some highlights of Waterdrop's insurance business?

In Q1 2024, Waterdrop's insurance business generated FYPs of RMB 1.755 billion, with life insurance accounting for 56.4% of the long-term insurance product mix. The company also enhanced its AI capabilities using the ShuishouGPT platform.

What is the Guardian Program by Waterdrop Medical Crowdfunding?

The Guardian Program is an initiative by Waterdrop Medical Crowdfunding to enhance fundraising efficiency, traffic support, fund security, and audit upgrades, providing a better experience for patients and financially challenged families.

Has Waterdrop been involved in any major acquisitions?

Yes, in June 2023, Waterdrop acquired Shenlanbao, an online insurance brokerage firm, to enhance its long-term insurance sales capabilities and meet the vast market demand.

What are Waterdrop's recent accomplishments in AI and technology?

Waterdrop has developed and implemented the ShuishouGPT platform, an AI system that interacts with users and answers insurance-related inquiries with over 90% accuracy, significantly boosting sales effectiveness and quality assurance.

How has Waterdrop contributed to medical crowdfunding?

Waterdrop Medical Crowdfunding has raised RMB 63.8 billion, benefiting over 3.17 million patients. The platform aims to save lives by providing efficient and secure fundraising services.

What is Waterdrop's strategic focus moving forward?

Waterdrop aims to maintain stable profitability through technological innovation, expanding its business boundaries, and providing more customized and cost-effective products and services to its users.

Where can I find more information about Waterdrop Inc.?

For more information, you can visit Waterdrop's official website at www.waterdrop-inc.com or check their investor relations page at https://ir.waterdrop-inc.com.

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10

NYSE:WDH

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0.14%
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