Waterdrop Inc. Releases 2024 Annual Report: AI-Enabled Efficiencies Drive Business Growth
BEIJING, April 30, 2025 /PRNewswire/ -- Waterdrop Inc. ('Waterdrop', the 'Company' or 'we') (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced the filing of its annual report for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (SEC). For the year, the Company reported net revenue of RMB 2.772 billion and net profit attributable to shareholders of RMB 368 million, representing a 119.8% year-on-year increase. This achievement extends the company's streak of profitability to 12 consecutive quarters. As of the end of February 2025, Waterdrop had repurchased approximately 52.1 million American Depositary Shares (ADS) for an aggregate consideration of US$100 million under its share buyback program.
Leading financial institutions, including Goldman Sachs, UOB Kay Hian, and Guotai Junan International, have reaffirmed their Buy ratings for Waterdrop, citing improved operational leverage and margin expansion supported by the Company's proprietary technology infrastructure. Analysts project 2025 revenue growth of 20% and have revised their 12-month price targets upward, reflecting strong market confidence in the Company's strategic execution..
Key Business Highlights from the 2024 Annual Report:
Waterdrop has emerged as an industry leader in AI adoption, investing nearly RMB 300 million annually in R&D and securing over 100 technology patents. The Company has integrated large language models into critical workflows including underwriting, renewals, claims management, and customer service. Key initiatives include:
Mr. Peng Shen, Founder, Chairman, and CEO of Waterdrop, announced the Company's ambitious 'All in AI' strategy for 2025, highlighting AI's role in driving efficiency and fostering collaborative growth with partners. 'AI has been instrumental in our 120% net profit surge this year,' Shen noted. 'We will continue refining our AI capabilities to deliver sustainable value for all stakeholders.'
About Waterdrop Inc.
Waterdrop Inc. ( NYSE: WDH ) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.
View original content: https://www.prnewswire.com/news-releases/waterdrop-inc-releases-2024-annual-report-ai-enabled-efficiencies-drive-business-growth-302442393.html
SOURCE Waterdrop Inc.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
UAE's data center project with U.S. tech firms faces security concerns
-- A massive deal to create one of the world's largest data center hubs in the United Arab Emirates (UAE) with American technology, continues to face persistent security concerns, according to a Friday report by Reuters. The deal, worth billions of dollars, is reportedly far from finalized. The proposed site, spanning 10 square miles, is financed by G42, a tech company linked to the Emirati state. G42 is spearheading the development of the UAE's artificial intelligence (AI) industry. Tech giants Nvidia (NASDAQ:NVDA), OpenAI, Cisco (NASDAQ:CSCO), Oracle (NYSE:ORCL), and Japan's SoftBank (TYO:9984) are collaborating with G42 on the initial phase of the project, dubbed Stargate UAE, which is slated to launch in 2026. However, U.S. officials are yet to establish the security conditions for exporting the advanced chips or how the agreement with the Gulf state will be enforced. This leaves the deal unresolved. During a visit by then-President Trump, Abu Dhabi pledged to align its national security regulations with Washington's, including measures to prevent the misuse of U.S. technology. Concerns remain about the UAE's close ties with China, with the report noting that these issues have been consistent during both Biden and Trump administrations. The primary concern is the reliability of the Gulf state as a strategic partner. The report didn't indicate if new evidence had surfaced, but stated that existing concerns are still not addressed. During Trump's first term, the UAE and other Gulf states proceeded with the deployment of Huawei 5G technology, despite opposition from the U.S. Some U.S. officials also question whether the UAE can effectively prevent American technology from reaching Washington's adversaries, the report added. Related articles UAE's data center project with U.S. tech firms faces security concerns Melius upgrades Deere on long-term tech moat and recurring revenue upside Taseko Mines shares surge on landmark agreement with Tŝilhqot'in Nation
Yahoo
13 minutes ago
- Yahoo
Ukraine's state hydropower operator plans post-war recovery of Kakhovka hydroelectric dam
Ukrhydroenergo, Ukraine's state-owned hydropower operator, is prepared to begin rebuilding the Kakhovka Hydroelectric Power Plant (HPP), destroyed by Russia, as soon as the war ends, though it is cautious about investing in projects that may not be implemented. Source: Bohdan Sukhetskyi, acting General Director of Ukrhydroenergo, as reported by Ukrainian public broadcaster Suspilne Quote: "We have a clear understanding of the preparatory work, including the routes for machinery, the placement of communications and the construction of a temporary dam. If feasible and in line with procedures, the company is ready to commence work." Details: He added that "we've created a 3D model of the Kakhovka reservoir and mapped its bottom and relief to the centimetre, so we know precisely how the reservoir will be filled." Sukhetskyi noted that with average inflows from the Pivdennyi Buh and Desna rivers, filling the Kakhovka reservoir to its design capacity will take over 18 months. Quote: "The company is collaborating with global firms specialising in hydroelectric power plant construction. Several partnership memoranda have been signed and partners are ready to contribute to construction and design and provide modern technologies, offer innovative solutions and even invest." Background: On the morning of 6 June 2023, Russian forces blew up the Kakhovka Hydroelectric Power Plant. According to the United Nations, the damage caused amounts to US$14 billion. On 18 July 2023, Ukraine's Cabinet of Ministers (government) approved a resolution for an experimental project titled Construction of the Kakhovka Hydroelectric Complex on the Pivdennyi Buh River. It was previously reported that rebuilding the Kakhovka HPP will take at least seven years. Repairing the plant itself will require several years, with an additional 2-3 years to fill the reservoir. Further time will be needed to repair and restore canals and irrigation systems built in the 1970s and 1990s. Ukrhydroenergo estimates that the rebuilding of this complex hydroelectric facility will take at least five years. European Pravda obtained an explanatory note to the draft government decree, detailing the specific requirements for rebuilding the Kakhovka HPP. Support Ukrainska Pravda on Patreon!
Yahoo
14 minutes ago
- Yahoo
Energy and tech stocks help lift S&P/TSX composite, U.S. stocks also higher
TORONTO — Canada's main stock index was up in late-morning trading, helped by strength in energy and technology sectors, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 81.84 points at 26,424.13. In New York, the Dow Jones industrial average was up 353.70 points at 42,673.44. The S&P 500 index was up 53.32 points at 5,992.62, while the Nasdaq composite was up 198.88 points at 19,497.33. The Canadian dollar traded for 73.04 cents US compared with 73.21 cents US on Thursday. The July crude oil contract was up US$1.10 at US$64.47 per barrel and the July natural gas contract was up two cents US at US$3.70 per mmBTU. The August gold contract was down US$23.10 at US$3,352.00 an ounce and the July copper contract was down five cents US at US$4.88 a pound. This report by The Canadian Press was first published June 6, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
