编者按： 新技术重塑新商业，新商业引领新变革，未来呼啸而来，这是企业家与科学家发生化学作用的春天。 《中国企业家》杂志与《证券日报》联合出品了《2024商业新变量·科学跨年》 特别栏目，邀请到硬科技赛道、新商业领域的企业创始人，解码“2024商业新变量”。 科技驱动下的创新，道阻且长，但我们依然笃信光明涌动的明天，愿意展现那些卓越拼搏者的剪影。 我们将从硬科技的视角，观察浪潮激变，聊透关键抉择，陪伴最有活力的你，从兔年走向龙年，从少有人走的路，走向星辰大海。 2016年，在美团成长为百亿美元估值的超级独角兽时，曾作为10号员工加入美团创业团队的沈鹏，毅然选择离开美团，创办了水滴公司，开启了他的创业之路。 创业8年来，水滴旗下已形成了3个业务板块，分别是以水滴保为代表的保险保障、以水滴筹为代表的大病求助和以翼帆医药为代表的医药创新。 回首当初放弃了三分之一的美团期权去创业的选择，沈鹏坦言，在美团的经历为自己打开了一个更大的视野。在自己还没有真正成为管理者时，就在接触一些更先进的思想和管理方式，让自己相对地能把握住一些事情的本质。据沈鹏介绍，截至2023年Q3，公司已实现连续7个季度盈利。 “青春是有限的，要把有 ...

1月30日，水滴公司“水滴成海 星辰璀璨”水滴星辰全新品牌发布会在京举办，水滴星辰是水滴公司倾力打造的“线下高端保险中介服务品牌”，致力于为客户提供全生命周期的保险保障规划及服务。北京保险行业协会相关负责人，北京保险中介行业协会中介工作部副主任孔祥燕，中英人寿、富德生命人寿、弘康人寿、京东安联等十四家保司相关负责人，水滴公司创始人兼CEO沈鹏，水滴公司合伙人、水滴保险经纪有限公司董事长郭南洋，水滴保险经纪渠道副总裁王牧等领导和嘉宾出席。 图：“水滴星辰”品牌诞生 水滴星辰上线，打造高净值人群最信赖的服务平台 水滴公司(WDH.US)自2016年成立至今，坚持以“用互联网科技助推广大人民群众有保可医，保障亿万家庭”为使命，致力于为用户提供健康保障解决方案。2017年，水滴公司推出互联网保险经纪平台“水滴保”，随后启动线下经纪人业务，不断探索线上线下融合发展的新路径。沈鹏表示：水滴会坚定地持续投入线下经纪人业务，以用户需求为核心，建立一支面向未来的、高质量、高口碑的经纪人队伍。 图：水滴公司创始人兼CEO沈鹏进行分享 相关数据显示，55岁以上的中老年人群将成为未来保险行业的增量市场。他们有较强的医疗、养老和财 ...

2023年12月22日，水滴公司保险业务板块管理团队与招商信诺高层进行了一次深入的交流与探讨。水滴保总经理冉伟、网销和规划师业务负责人蒋圆圆、保险商品管理中心负责人谭瑾等一行人，受到了招商信诺网电事业部总裁顾育匡、DTC及互联网业务部总经理赵翠等领导的热情接待。双方就未来战略合作展开深度讨论，将进一步加强在保险产品创新及服务提升上的协作，共同应对行业挑战，抓住发展机遇。 自2019年以来，水滴与招商信诺在保险业务领域展开了紧密合作。先后上线了重疾、意外、终身年金等特色产品，从客户利益出发，紧贴客户需求，不断搭建和升级产品和服务体系，为少儿、成人、老人等各个群体提供高性价比的产品和更佳的服务体验。 随着保险行业回归保障本源的趋势，保险行业也需要围绕大养老、大健康的金融生态圈进行调整布局，更加聚焦于保障类产品的研发和销售。对于未来的合作，双方均表示将继续秉承“客户第一”的理念，持续推进创新和优化服务。招商信诺已推出大健康全球战略，结合国内“百城千家万店”以及股东信诺全球220万家医疗资源，打造“健康险+健康管理”的服务模式。这一战略与水滴保险业务板块的理念高度契合，水滴将继续利用互联网科技，与招商信诺共同探索如 ...

Financial Data and Key Metrics Changes - In Q3 2023, the company reported revenue of approximately RMB6.9 billion, maintaining a profitable trend for the past seven quarters, with cash profit reaching RMB36.3 million, reflecting a growth of 67% year-over-year [5][28] - The combined cash, cash equivalents, and short-term investments stood at RMB3.1 billion, providing flexibility and stability for long-term growth [5][28] - Adjusted net profit attributed to the company in Q3 was RMB74.8 million, while GAAP net profit was RMB36.3 million [28] Business Line Data and Key Metrics Changes - The insurance marketplace continued to enhance product metrics through demand insights and quality improvements, contributing to stable net profit [6] - The Medical Crowdfunding platform served over 3 million patients and raised over RMB61.3 billion, with user numbers and underwriting amounts continuing to grow [21] - The clinical solutions business generated revenue of about RMB27.6 million, representing a year-on-year growth of 16.7% [23] Market Data and Key Metrics Changes - The first-year premium (FYP) for life insurance reached RMB16.95 billion, with a 38% contribution from long-term insurance [13] - The FYP for long-term insurance business was RMB640 million, an increase of 17% year-over-year and 9% quarter-over-quarter [15] - The average premium per policy for long-term insurance increased by 43% year-over-year [15] Company Strategy and Development Direction - The company aims to enhance user-centric services and digital transformation in the insurance business, focusing on long-term, healthy, and stable development [10][11] - The strategy includes leveraging big data to increase industry penetration globally and seeking cooperation and investment opportunities in the insurance and healthcare sectors [11] - The company is committed to enhancing its ESG efforts and has initiated various initiatives related to environmental protection and corporate governance [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the domestic economy in China is still recovering, with adjustments in product policies temporarily impacting the life insurance business [4] - The company expressed confidence in the industry despite facing a challenging micro environment, emphasizing a focus on high-quality development and organic growth [10][12] - Management highlighted the importance of technology empowerment and AI capabilities to build core competitiveness and support long-term strategies [11] Other Important Information - The company has cumulatively repurchased about 38.5 million ADSs from the open market, reflecting strong confidence in long-term sustainable development [10] - The company actively participated in public welfare initiatives, collaborating with charitable foundations to assist areas affected by disasters [9] Q&A Session Summary - The Q&A session concluded without specific questions being documented in the provided content, indicating a wrap-up of the conference call [28]

Exhibit 99.1 Waterdrop Inc. Announces Third Quarter 2023 Unaudited Financial Results BEIJING, Dec. 7, 2023 /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 its unaudited financial results for the third quarter ended September 30, 2023. Financial and Operational Highlights for the Third Quarter of 2023 • High-quality business performance: For the third quarte ...

Financial Data and Key Metrics Changes - The company's revenue for Q2 2023 reached RMB 679 million, showing a 12% increase compared to RMB 606 million in Q1 2023, but slightly lower than RMB 711 million in Q2 2022 [29] - Net profit for Q2 2023 was RMB 21.7 million, with an adjusted profit attributed to Waterdrop of RMB 50.3 million, marking six consecutive quarters of GAAP profit [32] - Cash reserves stood at RMB 3.4 billion as of June 30, 2023, providing a strong financial buffer for future growth [32] Business Line Data and Key Metrics Changes - Insurance-related income was RMB 597 million, reflecting an 11.4% sequential increase [29] - Digital clinical trial solution income reached RMB 29.4 million, achieving a significant year-on-year growth of 167% and a sequential increase of 28.9% [29] - The crowdfunding segment incurred an operating loss of RMB 64.1 million, while the insurance segment had an operating profit of RMB 99.8 million [32] Market Data and Key Metrics Changes - The company reported a 30% sequential growth in short-term insurance, achieving a first-year premium (FYP) of RMB 1.6 billion [14] - Long-term insurance FYP reached RMB 590 million, representing a 29% sequential growth [14] - The online brokerage channel experienced a 113% sequential growth in FYP, driven by new insurance products targeting younger users [15] Company Strategy and Development Direction - The company aims to leverage its ample cash reserves for operations and investment opportunities in the insurance and healthcare sectors [11][12] - Future strategies include enhancing digital transformation, improving service models, and increasing industry penetration globally [11] - The company is committed to maintaining a user-centric approach and solidifying its leading position in the insurance and healthcare sectors [4][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the challenging macro environment while focusing on long-term value and user satisfaction [4][10] - The company plans to continue investing in technology and AI to enhance operational efficiency and service quality [8][19] - Management highlighted the importance of corporate social responsibility (CSR) initiatives and ESG commitments as part of their long-term strategy [9][10] Other Important Information - The company has repurchased 37.5 million ADS shares for approximately $86.1 million and plans to repurchase up to $50 million more in the next 12 months [10] - The Waterdrop Charity platform has collaborated with about 110 charitable organizations, raising approximately RMB 1.3 billion from over 65 million donors [8] Q&A Session Summary Question: What are the growth prospects for the insurance segment? - The insurance segment has shown strong performance with significant sequential growth in both short-term and long-term insurance products, indicating a robust market demand [14][15] Question: How is the company addressing the challenges in the crowdfunding segment? - The company is enhancing operational transparency and governance in the crowdfunding platform to improve authenticity and donor trust [21][22] Question: What are the company's plans for technology investment? - The company is increasing investments in AI and technology to improve service delivery and operational efficiency across various business lines [19][30]

Exhibit 99.1 Waterdrop Inc. Announces Second Quarter 2023 Unaudited Financial Results BEIJING, Sept. 7, 2023 /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 its unaudited financial results for the second quarter ended June 30, 2023. Financial and Operational Highlights for the Second Quarter of 2023 • Resilient business performance: For the second quarter ...

Exhibit 99.1 Waterdrop Inc. Announces First Quarter 2023 Unaudited Financial Results BEIJING, June 2, 2023 /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 its unaudited financial results for the first quarter ended March 31, 2023. Financial and Operational Highlights for the First Quarter of 2023 • Resilient Business Performance: For the first quarter of 20 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

Financial Data and Key Metrics Changes - In Q4 2022, the company's revenues increased by 12.5% year-on-year to RMB639.5 million, driven by higher insurance-related income and crowdfunding service fees [5][23] - GAAP net profit for Q4 reached RMB126.2 million, while the full-year net profit was RMB608 million, demonstrating overall profitability for 2022 [5][27] - Cash and cash equivalents and short-term investments amounted to RMB3.7 billion at the end of December, reflecting a 3.2% increase quarter-over-quarter [5][27] Business Line Data and Key Metrics Changes - The Waterdrop Insurance marketplace contributed significantly to net profit and cash flow, with first-year premiums amounting to RMB1.6 billion and insurance-related revenue reaching RMB611 million [10][11] - The E-find patient platform generated over RMB22 million in revenue in Q4, marking a 20-fold increase year-on-year, with annual revenue nearing RMB50 million [6][20] - The number of new customers in the insurance business increased by 39%, with regular accounts growing by 166% quarter-over-quarter [12][14] Market Data and Key Metrics Changes - The insurance industry faced challenges due to a resurgence of the pandemic and softer consumer demand, yet the company managed to maintain relevance and profitability [10][11] - The E-find platform's collaboration with over 100 pharmaceutical companies and the launch of 18 new clinical trial programs in Q4 indicate a growing market presence [20][21] Company Strategy and Development Direction - The company plans to focus on digital transformation in the insurance business, increase investments in pharmaceuticals, and pursue M&A opportunities to drive long-term growth [8][9] - Continued investment in R&D, particularly in AI-driven innovations, is aimed at enhancing operational efficiency and reducing costs [7][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the global economy and the pandemic but expressed confidence in the recovery of the domestic economy and consumer confidence [4][5] - The company remains committed to sustainable development and enhancing user-centric services, with a focus on high-quality growth and profitability [8][9] Other Important Information - The company actively repurchased approximately 2.7 million ADS in Q4, totaling nearly 8.4 million ADS repurchased for USD $12.4 million, reflecting strong confidence in corporate value [7][8] - The operational transparency of the crowdfunding platform has been improved, with detailed monthly billing released to enhance public oversight [18][19] Q&A Session Summary Question: What are the company's plans for future growth? - The company plans to adhere to digital transformation in the insurance sector, increase pharmaceutical investments, and explore M&A opportunities to drive growth [8] Question: How has the pandemic affected the business? - The pandemic has impacted clinical sales and trial progress, but the company leveraged its capabilities to recruit patients effectively [20] Question: What measures are being taken to enhance operational efficiency? - The company is investing in AI-driven innovations to improve operational efficiency and reduce costs across its business lines [16]