Waterdrop Inc. Announces Second Quarter 2024 Unaudited Financial Results and a Special Cash Dividend, Net profit rises 306.9% year-on-year
Waterdrop Inc. (NYSE: WDH) reported strong Q2 2024 results, with net profit rising 306.9% year-on-year to RMB 88.3 million. The company's net operating revenue reached RMB 676 million, marking its tenth consecutive profitable quarter. Operating expenses decreased by 12 percentage points to 45.1% of revenue. Waterdrop announced a second special cash dividend of $7.5 million and approved a new $50 million share repurchase program.
The insurance business generated RMB 573.8 million in revenue and RMB 123 million in operating profit. The Medical Crowdfunding platform has raised RMB 65.1 billion for 3.25 million patients. The company is also investing in AI technology, piloting its 'Waterdrop Guardian' large language model in various insurance scenarios.
Waterdrop Inc. (NYSE: WDH) ha riportato risultati solidi per il secondo trimestre del 2024, con un utile netto in aumento del 306,9% rispetto all'anno precedente, raggiungendo 88,3 milioni di RMB. I ricavi netti operativi della società hanno raggiunto 676 milioni di RMB, segnando il decimo trimestre consecutivo in attivo. Le spese operative sono diminuite di 12 punti percentuali, attestandosi al 45,1% dei ricavi. Waterdrop ha annunciato un secondo dividendo speciale in contanti di 7,5 milioni di dollari e ha approvato un nuovo programma di riacquisto di azioni da 50 milioni di dollari.
Il settore assicurativo ha generato 573,8 milioni di RMB in ricavi e 123 milioni di RMB in utile operativo. La piattaforma di Crowdfunding Medico ha raccolto 65,1 miliardi di RMB per 3,25 milioni di pazienti. La società sta anche investendo in tecnologia AI, testando il suo modello linguistico di grandi dimensioni 'Waterdrop Guardian' in vari scenari assicurativi.
Waterdrop Inc. (NYSE: WDH) reportó resultados sólidos para el segundo trimestre de 2024, con un beneficio neto que aumentó un 306.9% en comparación con el año anterior, alcanzando 88.3 millones de RMB. Los ingresos operativos netos de la compañía alcanzaron 676 millones de RMB, marcando el décimo trimestre consecutivo con ganancias. Los gastos operativos disminuyeron en 12 puntos porcentuales, situándose en un 45.1% de los ingresos. Waterdrop anunció un segundo dividendo en efectivo especial de 7.5 millones de dólares y aprobó un nuevo programa de recompra de acciones por 50 millones de dólares.
El negocio de seguros generó 573.8 millones de RMB en ingresos y 123 millones de RMB en beneficios operativos. La plataforma de Crowdfunding Médico ha recaudado 65.1 mil millones de RMB para 3.25 millones de pacientes. La empresa también está invirtiendo en tecnología de IA, pilotando su modelo de lenguaje grande 'Waterdrop Guardian' en varios escenarios de seguros.
Waterdrop Inc. (NYSE: WDH)는 2024년 2분기 강력한 실적을 보고했으며, 순이익은 전년 대비 306.9% 증가하여 8억 8300만 RMB에 달했습니다. 회사의 순 운영 수익은 6억 7600만 RMB에 도달했으며, 이는 10분기 연속 흑자를 기록한 것입니다. 운영 비용은 12포인트 감소하여 수익의 45.1%를 차지했습니다. Waterdrop은 750만 달러의 두 번째 특별 현금 배당금을 발표했으며, 5000만 달러의 새로운 자사주 매입 프로그램을 승인했습니다.
보험 사업은 5억 7380만 RMB의 수익과 1억 2300만 RMB의 운영 이익을 창출했습니다. 의료 크라우드펀딩 플랫폼은 325만 환자를 위해 651억 RMB를 모집했습니다. 이 회사는 또한 AI 기술에 투자하고 있으며, 다양한 보험 시나리오에서 'Waterdrop Guardian' 대형 언어 모델을 시험하고 있습니다.
Waterdrop Inc. (NYSE: WDH) a annoncé de solides résultats pour le deuxième trimestre 2024, avec un bénéfice net en hausse de 306,9% par rapport à l'année précédente, atteignant 88,3 millions de RMB. Les revenus nets d'exploitation de la société ont atteint 676 millions de RMB, marquant ainsi le dixième trimestre consécutif de bénéfice. Les dépenses d'exploitation ont diminué de 12 points de pourcentage pour s'établir à 45,1% des revenus. Waterdrop a annoncé un deuxième dividende spécial en espèces de 7,5 millions de dollars et a approuvé un nouveau programme de rachat d'actions de 50 millions de dollars.
L'activité d'assurance a généré 573,8 millions de RMB de revenus et 123 millions de RMB de bénéfice opérationnel. La plateforme de crowdfunding médical a récolté 65,1 milliards de RMB pour 3,25 millions de patients. L'entreprise investit également dans la technologie AI, en testant son modèle de langage de grande taille 'Waterdrop Guardian' dans divers scénarios d'assurance.
Waterdrop Inc. (NYSE: WDH) hat im zweiten Quartal 2024 solide Ergebnisse präsentiert, wobei der Nettogewinn im Vergleich zum Vorjahr um 306,9% auf 88,3 Millionen RMB gestiegen ist. Der netto operative Umsatz des Unternehmens erreichte 676 Millionen RMB, was das zehnte aufeinanderfolgende profitable Quartal markiert. Die Betriebsausgaben sanken um 12 Prozentpunkte auf 45,1% des Umsatzes. Waterdrop kündigte eine zweite Sonderdividende in Höhe von 7,5 Millionen US-Dollar an und genehmigte ein neues 50 Millionen US-Dollar Aktienrückkaufprogramm.
Das Versicherungsgeschäft erzielte einen Umsatz von 573,8 Millionen RMB und einen operativen Gewinn von 123 Millionen RMB. Die medizinische Crowdfunding-Plattform hat 65,1 Milliarden RMB für 3,25 Millionen Patienten gesammelt. Das Unternehmen investiert auch in KI-Technologie und testet sein 'Waterdrop Guardian' großes Sprachmodell in verschiedenen Versicherungsszenarien.
- Net profit increased by 306.9% year-on-year to RMB 88.3 million
- Tenth consecutive profitable quarter
- Operating expenses decreased by 12 percentage points to 45.1% of revenue
- Announced a second special cash dividend of $7.5 million
- Approved a new $50 million share repurchase program
- Insurance business generated RMB 123 million in operating profit
- Medical Crowdfunding platform raised RMB 65.1 billion for 3.25 million patients
- Investing in AI technology with 'Waterdrop Guardian' large language model
- Medical Crowdfunding segment recorded an operating loss of RMB 22.9 million
Insights
Waterdrop's Q2 2024 results show impressive 306.9% YoY growth in net profit, reaching
The announcement of a
Waterdrop's insurance business shows resilience with
The integration of AI, particularly the Shuishou large language model, into insurance services is a forward-thinking move. This tech-driven approach could enhance customer experience and operational efficiency, potentially giving Waterdrop a competitive edge in the evolving insurtech landscape.
Waterdrop's Medical Crowdfunding platform has achieved significant social impact, raising
The E-Find Platform's success in enrolling patients for clinical trials (8,600 patients in 1,050+ programs) demonstrates Waterdrop's growing influence in healthcare technology. This diversification into clinical trial recruitment could open new revenue streams and strengthen Waterdrop's position in the healthcare ecosystem, potentially driving long-term value for investors.
In addition, Waterdrop also completed the first special cash dividend in the past quarter. Waterdrop declared that, with the board approval, the company will soon start the second special cash dividend of approximately
Since announcing its share repurchase program in September 2021, as of August 31, 2024, Waterdrop has repurchased approximately 49.3 million American Depositary Shares (ADSs) from the open market. The board of the directors of the Company has approved a new share repurchase program whereby the Company is authorized to repurchase its own ordinary shares in the form of American depository shares with an aggregate value of up to
Insurance Business Operating Profit Totaled
Waterdrop's insurance-related revenue amounted to
Waterdrop Insurance Marketplace continually improved online traffic conversion capabilities and efficiency, driving the number of new users to grow at
Committed to investment in technology, Waterdrop further piloted Shuishou large language model ("LLM"), known as "Waterdrop Guardian", in multiple service scenarios covering medical, critical illness, and auto insurance categories. During the quarter, the Company landed a strategic cooperation with a property & casualty insurer. This is the first time Waterdrop exports a customized solution for non-life insurance and the company looks forward to empowering more industry partners with AI solutions.
Waterdrop Medical Crowdfunding Raised
During the quarter, Waterdrop Medical Crowdfunding upheld its mission of "saving lives" with remarkable success. As of June 30, 2024, around 461 million people cumulatively donated an aggregate of
Waterdrop's healthcare-related business has maintained its growth in the second quarter of 2024, generating revenues of approximately
Shen Peng, Founder and CEO of Waterdrop, said, "In this quarter, we firmly implemented our high-quality development strategy, enhancing user experience through technological innovation and driving sustainable growth across all our businesses. Looking ahead, we will further strengthen our core operations, actively explore opportunities to apply large language model within the industry amid the new wave of AI,and strive to create greater commercial and social value.Meanwhile,we are grateful for the ongoing support from our users,partners,shareholders and investors. We're committed to repaying this trust with top-notch service and solid profitability."
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SOURCE Waterdrop Inc.
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