Waterdrop Inc. Announces Third Quarter 2024 Unaudited Financial Results, Net profit rises 152.6% year-on-year
Waterdrop Inc. (NYSE: WDH) reported strong Q3 2024 financial results with net operating revenue of RMB 704.1 million. The company's net profit reached RMB 92.8 million, marking a 152.6% year-over-year increase and its eleventh consecutive profitable quarter. Operating expenses decreased by 6.9 percentage points to 47.9% of revenue.
The insurance business generated RMB 600.7 million in revenue with operating profit of RMB 123 million. First-year premiums grew 20.4% to RMB 2,041.8 million. The company's Medical Crowdfunding platform has raised RMB 66.3 billion for 3.32 million patients, while its Digital Clinical Trial Solution generated RMB 24.3 million in revenue, enrolling over 9,500 patients in 1,137 clinical trials.
Waterdrop Inc. (NYSE: WDH) ha riportato risultati finanziari robusti per il terzo trimestre del 2024, con ricavi operativi netti di 704,1 milioni di RMB. L'utile netto dell'azienda ha raggiunto i 92,8 milioni di RMB, segnando un aumento del 152,6% rispetto all'anno precedente e il suo undicesimo trimestre consecutivo in utile. Le spese operative sono diminuite di 6,9 punti percentuali, attestandosi al 47,9% dei ricavi.
Il settore assicurativo ha generato ricavi di 600,7 milioni di RMB con un utile operativo di 123 milioni di RMB. I premi del primo anno sono cresciuti del 20,4%, raggiungendo i 2.041,8 milioni di RMB. La piattaforma di Crowdfunding Medico dell'azienda ha raccolto 66,3 miliardi di RMB per 3,32 milioni di pazienti, mentre la sua Soluzione per Sperimentazioni Cliniche Digitali ha generato ricavi di 24,3 milioni di RMB, coinvolgendo oltre 9.500 pazienti in 1.137 sperimentazioni cliniche.
Waterdrop Inc. (NYSE: WDH) informó resultados financieros sólidos para el tercer trimestre de 2024, con ingresos operativos netos de 704,1 millones de RMB. La utilidad neta de la empresa alcanzó los 92,8 millones de RMB, marcando un aumento del 152,6% interanual y su undécimo trimestre consecutivo con ganancias. Los gastos operativos disminuyeron en 6,9 puntos porcentuales, representando el 47,9% de los ingresos.
El negocio de seguros generó 600,7 millones de RMB en ingresos con una utilidad operativa de 123 millones de RMB. Las primas del primer año crecieron un 20,4%, alcanzando los 2.041,8 millones de RMB. La plataforma de Crowdfunding Médico de la empresa ha recaudado 66,3 mil millones de RMB para 3,32 millones de pacientes, mientras que su Solución de Ensayos Clínicos Digitales generó ingresos de 24,3 millones de RMB, inscribiendo a más de 9.500 pacientes en 1.137 ensayos clínicos.
Waterdrop Inc. (NYSE: WDH)는 2024년 3분기 강력한 재무 실적을 보고하며, 순 운영 수익이 704.1억 RMB에 달했다고 발표했습니다. 회사의 순이익은 92.8억 RMB에 이르렀으며, 이는 전년 대비 152.6% 증가한 수치로, 연속 이익 분기 11회를 기록했습니다. 운영 비용은 6.9%p 감소하여 수익의 47.9%를 차지했습니다.
보험 사업은 600.7억 RMB의 수익을 창출하였고, 운영 이익은 123억 RMB입니다. 첫 해 프리미엄은 20.4% 증가하여 2,041.8억 RMB에 도달했습니다. 회사의 의료 크라우드펀딩 플랫폼은 3.32 백만 환자를 위해 66.3억 RMB를 모금했으며, 디지털 임상 시험 솔루션은 24.3억 RMB의 수익을 발생시키며 9,500명 이상의 환자를 1,137개의 임상 시험에 등록시켰습니다.
Waterdrop Inc. (NYSE: WDH) a publié de solides résultats financiers pour le troisième trimestre 2024, avec des revenus nets d'exploitation de 704,1 millions de RMB. Le bénéfice net de l'entreprise a atteint 92,8 millions de RMB, marquant une augmentation de 152,6% en glissement annuel et son onzième trimestre consécutif bénéficiaire. Les dépenses d'exploitation ont diminué de 6,9 points de pourcentage, atteignant 47,9% des revenus.
Le secteur de l'assurance a généré des revenus de 600,7 millions de RMB avec un bénéfice opérationnel de 123 millions de RMB. Les primes de la première année ont augmenté de 20,4%, atteignant 2.041,8 millions de RMB. La plateforme de crowdfunding médical de l'entreprise a levé 66,3 milliards de RMB pour 3,32 millions de patients, tandis que sa solution d'essai clinique numérique a généré des revenus de 24,3 millions de RMB, en inscrivant plus de 9.500 patients dans 1.137 essais cliniques.
Waterdrop Inc. (NYSE: WDH) hat starke Finanzzahlen für das dritte Quartal 2024 gemeldet, mit einem Nettobetriebsumsatz von 704,1 Millionen RMB. Der Nettogewinn des Unternehmens erreichte 92,8 Millionen RMB, was einen Anstieg von 152,6% im Jahresvergleich und das elfte aufeinanderfolgende profitable Quartal markiert. Die Betriebskosten sanken um 6,9 Prozentpunkte auf 47,9% des Umsatzes.
Das Versicherungsgeschäft generierte Einnahmen von 600,7 Millionen RMB mit einem operativen Gewinn von 123 Millionen RMB. Die Jahresprämien wuchsen um 20,4% auf 2.041,8 Millionen RMB. Die medizinische Crowdfunding-Plattform des Unternehmens hat 66,3 Milliarden RMB für 3,32 Millionen Patienten gesammelt, während ihre digitale klinische Prüfungs-Lösung 24,3 Millionen RMB Umsatz generierte und über 9.500 Patienten in 1.137 klinische Studien einbezog.
- Net profit increased 152.6% year-over-year to RMB 92.8 million
- Operating expenses reduced by 6.9 percentage points to 47.9% of revenue
- Insurance business first-year premiums grew 20.4% to RMB 2,041.8 million
- Maintained profitability for eleven consecutive quarters
- Medical Crowdfunding segment reported operating loss of RMB 17.9 million
Insights
The Q3 2024 results demonstrate robust financial performance with net profit surging
Waterdrop's strategic integration of AI technologies marks a significant technological advancement. The AI Consultant powered by their proprietary "Waterdrop Guardian" LLM is already generating meaningful premium revenue, while the new AI Service Quality Agent streamlines operations. The expansion into B2B AI solutions through their conversational AI platform demonstrates potential for new revenue streams. These AI initiatives, combined with the "Three Good Services Alliance" digital ecosystem, position the company well for scalable growth in the insurtech sector.
Since announcing its first share repurchase program in September 2021, as of September 2024, Waterdrop has repurchased approximately 50.9 million American Depositary Shares (ADSs) from the open market.
Mr. Peng Shen, Founder, Chairman, and Chief Executive Officer of Waterdrop, commented, "We are delighted to announce another quarter of robust profitability, with net profit attributable to ordinary shareholders reaching 2.5 times that of the third quarter last year.
Insurance Business Operating Profit Totaled
Waterdrop's insurance-related revenue amounted to
After introducing the "Three Good Services" of good service, good products, and good claims in April this year, on September 11th,Waterdrop Insurance Marketplace, in collaboration with 14 insurance companies, established the "Three Good Services Alliance" and launched the first batch of "Public Review Panels," constructing a new user-centric ecosystem for insurance services.
AI Consultant, a conversational AI agent powered by "Waterdrop Guardian" large language model, has reached the capacity to generate million yuan in monthly premiums by serving user inquires. Meanwhile, a new application, "AI Service Quality Agent", was deployed to streamline the service quality inspection process by replacing manual work. Externally, a conversational AI platform that customizes AI sales agents for businesses, and have initiated pilots with insurance carriers and companies in non-insurance sectors.
Waterdrop Medical Crowdfunding Raised
During the quarter, Waterdrop Medical Crowdfunding upheld its mission of "saving lives" with remarkable success. As of September 30, 2024, around 466 million people cumulatively donated an aggregate of
Waterdrop's Digital Clinical Trial Solution has maintained its growth in the third quarter of 2024, generating revenues of approximately
Shen Peng, Founder and CEO of Waterdrop, said, "This quarter, Waterdrop remained user-centric and explored innovations powered by Large Language Models to boost business growth, while also demonstrating resilient performance across our businesses. Moving forward, we will continue to build core capabilities and drive high-quality business growth by leveraging advanced technologies. We are committed to creating greater value for society and adhering to our mission: at Waterdrop, we aspire to bring insurance and healthcare services to billions through technology."
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SOURCE Waterdrop Inc.
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