Waterdrop Inc. Announces First Quarter 2023 Unaudited Financial Results
Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) (WDH)
Company Research
Source: PR Newswire
BEIJING, June 2, 2023 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced its unaudited financial results for the first quarter ended March 31, 2023.Financial and Operational Highlights for the First Quarter of 2023Resilient Business Performance: For the first quarter of 2023, the first-year premiums ("FYP") generated through our Waterdrop Insurance Marketplace amounted to RMB1,692.0 million (US$246.4 million), representing an increase of 6.3% quarter over quarter. Our net operating revenue was RMB606.2 million (US$88.3 million), representing a decrease of 10.8% quarter over quarter.Effective cost control and sustained profitability: For the first quarter of 2023, our operating costs decreased by 11.0%, and total operating costs and expenses decreased by 1.8% quarter over quarter. Our net profit reached RMB49.7 million (US$7.2 million)
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- Waterdrop Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Waterdrop declared a special cash dividend, the aggregate payment of which amounted to approximately US$15 millionPR Newswire
WDH
Analyst Actions
- 3/15/24 - TheStreet
WDH
Sec Filings
- 4/25/24 - Form 20-F
- 4/5/24 - Form 6-K
- 3/26/24 - Form 6-K
- WDH's page on the SEC website