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Stock impact report

Waterdrop Inc. Announces Second Quarter 2022 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, Sept. 9, 2022 /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 second quarter ended June 30, 2022.Financial and Operational Highlights for the Second Quarter of 2022Healthy and solid revenue growth: For the second quarter of 2022, the first-year premiums ("FYP") generated through our Waterdrop Insurance Marketplace amounted to RMB1,646.3 million (US$245.8 million), and our net operating revenue was RMB701.4 million (US$104.7 million) which represented an increase of 8.1% quarter over quarter, further solidifying our growth trajectory as we continued to implement our new strategy.Consistent cost control and significant profit enhancement: For the second quarter of 2022, our sales and marketing expenses decreased by 88.4%, and total operating costs and expenses decreased by 68.9% year o Show less Read more
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