Waterdrop(US:WDH) 智通财经网·2025-09-10 07:35Core Insights - Waterdrop Inc. reported strong growth in Q2, with revenue and net profit increasing by 23.9% and 58.7% year-on-year, respectively, exceeding expectations [1][2] - The company announced a cash dividend of approximately $10.9 million, nearly a 50% increase from the previous period, while reaffirming its revenue growth target of 20% and setting a new net profit growth target of 20% for 2025 [1][4] Financial Performance - In Q2 2025, Waterdrop achieved net revenue of 838 million yuan and a net profit of 140 million yuan, marking 14 consecutive quarters of profitability [2] - Operating expenses as a percentage of revenue decreased by 6.4 percentage points to 38.7% year-on-year [2] - Insurance-related revenue reached 739 million yuan, up 28.7% year-on-year, with first-year premium income growing by 80.2% to 3.204 billion yuan [2] Business Efficiency and AI Integration - Profit margins improved due to enhanced profitability in the insurance segment, showcasing the effectiveness of AI in reducing costs and increasing efficiency [3] - The company implemented AI across various core functions, achieving a 155% increase in premium contributions from AI medical insurance experts [3] - AI customer service achieved 100% user coverage, with a solution rate exceeding 95.5% in product service scenarios [3] International Expansion - Waterdrop is in the early stages of exploring overseas markets, having established a comprehensive insurance brokerage service system in Hong Kong [3] - The company plans to leverage its domestic experience to innovate in product and operational aspects while focusing on user pain points and technology opportunities in the international insurance market [3] Analyst Outlook - Analysts at Daiwa raised their profit expectations for Waterdrop for 2025 to 2027, reflecting enhanced profitability from AI efficiency and rapid premium growth [4]