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Stock impact report

Waterdrop Inc. Announces Second Quarter 2024 Unaudited Financial Results and a Special Cash Dividend, Net profit rises 306.9% year-on-year [Yahoo! Finance]

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) (WDH) 
Company Research Source: Yahoo! Finance
healthcare services with a positive social impact, unveiled its unaudited financial results for the second quarter of 2024 ended June 30, 2024 . During the quarter, Waterdrop reported net operating revenue of RMB 676 million . Net profit attributable to ordinary shareholders totaled RMB 88.3 million , up 306.9% from the previous year, sustaining profitability for the tenth consecutive quarter. Operating expenses, including sales, administrative, and R&D costs, accounted for 45.1% of revenue, a decrease of 12 percentage points year-on-year. 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 US$7.5 million 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 Show less Read more
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