Waterdrop Inc. Announces Third Quarter 2024 Unaudited Financial Results, Net profit rises 152.6% year-on-year
Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) (WDH)
Company Research
Source: PR Newswire
BEIJING, Dec. 12, 2024 /PRNewswire/ -- On December 11, 2024, Waterdrop Inc. (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare services with a positive social impact, unveiled its unaudited financial results for the third quarter of 2024 ended September 30, 2024. During the quarter, Waterdrop reported net operating revenue of RMB 704.1 million. Net profit attributable to ordinary shareholders totaled RMB 92.8 million, up 152.6% from the previous year, sustaining profitability for the eleventh consecutive quarter. Operating expenses, including sales, administrative, and R&D costs, accounted for 47.9% of revenue, a decrease of 6.9 percentage points year-on-year.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 delig
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- Waterdrop Inc. Announces Third Quarter 2024 Unaudited Financial Results, Net profit rises 152.6% year-on-year [Yahoo! Finance]Yahoo! Finance
- Waterdrop Inc. Announces Third Quarter 2024 Unaudited Financial Results, Net profit rises 152.6% year-on-yearPR Newswire
- Waterdrop Inc. (WDH) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Waterdrop Inc. Announces Third Quarter 2024 Unaudited Financial ResultsPR Newswire
- Waterdrop Inc. to Report Third Quarter 2024 Financial Results on December 11, 2024PR Newswire