Waterdrop Inc.: A New Milestone in Profitability and Liquidity
BEIJING, March 12, 2025 – In an exciting announcement, Waterdrop Inc. (Waterdrop or the Company), a pioneering technology platform specializing in insurance and healthcare services, reported impressive financial results for the fourth quarter and full year ending December 31, 2024. Let’s dive deeper into the details.
Fourth Quarter Financial Highlights
The fourth quarter of 2024 marked a significant improvement in Waterdrop’s profitability, with net profit attributable to ordinary shareholders reaching RMB99.6 million (US$13.6 million), marking a year-over-year growth of 68.7%.
Full Year Financial Results
Waterdrop’s strong fourth quarter performance extended to the full year, with total revenue growing by 123.3% year-over-year to RMB1.5 billion (US$216.3 million). Net profit attributable to ordinary shareholders for the year reached RMB283.3 million (US$40.3 million), representing a substantial increase from the previous year.
Cash Dividend
As a token of appreciation to its shareholders, Waterdrop also declared a cash dividend of RMB0.03 (US$0.0043) per share for the fourth quarter.
Impact on You
As a Waterdrop user, these financial results signify continued growth and innovation in the services the company provides. With a stronger financial position, Waterdrop can invest more in research and development, expand its offerings, and improve user experience. This growth also means potential long-term gains for investors.
Impact on the World
Waterdrop’s success in the insurance and healthcare tech sector highlights the growing demand for digital solutions that make these services more accessible and affordable. As the company continues to grow, it will help bridge the gap between those who can and cannot afford essential insurance and healthcare services. Furthermore, its innovative approach to technology can inspire other businesses in the industry to adopt similar solutions, leading to a more technologically advanced and inclusive world.
Conclusion
Waterdrop’s impressive financial results for the fourth quarter and full year ending December 31, 2024, represent a significant milestone in the company’s journey to make insurance and healthcare services more accessible and affordable. As a user or investor, you can look forward to continued growth and innovation. Meanwhile, the world benefits from Waterdrop’s leadership in the tech-driven insurance and healthcare sector, paving the way for a more inclusive and technologically advanced future.
- Waterdrop reported strong financial results for the fourth quarter and full year ending December 31, 2024.
- Net profit attributable to ordinary shareholders reached RMB99.6 million (US$13.6 million) in Q4, representing a 68.7% year-over-year growth.
- Total revenue for the year grew by 123.3% year-over-year to RMB1.5 billion (US$216.3 million).
- Waterdrop declared a cash dividend of RMB0.03 (US$0.0043) per share for the fourth quarter.
- These financial results signify continued growth and innovation in Waterdrop’s services, benefiting users and investors.
- Waterdrop’s success in the insurance and healthcare tech sector highlights the growing demand for digital solutions, inspiring others to adopt similar solutions.
