Waterdrop, Inc. ADR Class A ( (WDH) ) has released its Q4 earnings. Here is a breakdown of the information Waterdrop, Inc. ADR Class A presented to its investors.
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Waterdrop Inc., a leading technology platform in the insurance and healthcare sector, has announced its financial results for the fourth quarter and fiscal year 2024, showcasing significant growth and strategic advancements. The company reported a notable 68.7% year-over-year increase in net profit for the fourth quarter, reaching RMB99.6 million (US$13.6 million), alongside a 4.2% rise in net operating revenue. Waterdrop’s insurance business saw a 24.5% increase in first-year premiums, while its medical crowdfunding platform expanded its reach, with 470 million donors contributing RMB67.5 billion to 3.40 million patients. The company also reported a successful year in patient recruitment for clinical trials, enrolling over 10,000 patients. Waterdrop’s strategic focus on diversifying its insurance offerings and enhancing its AI-driven insurance ecosystem has yielded positive results, with a 14.9% increase in new user acquisition and the introduction of inclusive insurance products. The company has also been recognized as a pioneer in China’s standardized medical crowdfunding sector. Looking ahead, Waterdrop aims to continue leveraging technology to drive growth and profitability in 2025.