Waterdrop Inc. Reports 2024 Q1 Revenue of RMB 704.7 Million, net profit rises 62.2% year-on-year, Sustaining Profitability for Nine Consecutive Quarters [Yahoo! Finance]
Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) (WDH)
Company Research
Source: Yahoo! Finance
services with a positive social impact, unveiled its unaudited financial results for the first quarter of 2024 ended March 31, 2024 . During the quarter, Waterdrop reported net operating revenue of RMB 704.7 million , a year-over-year increase of 16.3%. Net profit attributable to ordinary shareholders totaled RMB 80.6 million , up 62.2% from the previous year, sustaining profitability for the ninth consecutive quarter. Operating expenses, including sales and marketing expenses, general and administrative expenses, and R&D expenses, accounted for 46.4% of revenue, a decrease of 11 percentage points year-on-year. Since announcing its stock repurchase program in September 2021 , as of May 31, 2024 , Waterdrop has repurchased approximately 45.5 million American Depositary Shares (ADSs) from the open market. Insurance Business Operating Profit Totaled RMB 129.2 Million , with Life Insurance Accounting for 56.4% of Long-term Insurance Product Mix Waterdrop's insurance-related revenue
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News
- Waterdrop Unveils Revolutionary Skin Care Face Washer: Elevating Your Skincare Experience [Yahoo! Finance]Yahoo! Finance
- Waterdrop Unveils Revolutionary Skin Care Face Washer: Elevating Your Skincare ExperiencePR Newswire
- Waterdrop First Quarter 2024 Earnings: EPS: CN¥0.22 (vs CN¥0.13 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Waterdrop Inc. Reports 2024 Q1 Revenue of RMB 704.7 Million, net profit rises 62.2% year-on-year, Sustaining Profitability for Nine Consecutive QuartersPR Newswire
- Waterdrop Inc. Reports 2024 Q1 Revenue of RMB 704.7 Million, net profit rises 62.2% year-on-year, Sustaining Profitability for Nine Consecutive QuartersPR Newswire
WDH
Sec Filings
- 6/5/24 - Form 6-K
- 4/25/24 - Form 20-F
- 4/5/24 - Form 6-K
- WDH's page on the SEC website