智通财经网·2025-09-17 06:47Core Viewpoint - Waterdrop Inc. (WDH.US) reported strong financial performance for Q2 2025, leading to an upgraded target price of $2.35 by Guotai Junan International, maintaining a "Buy" rating [1] Financial Performance - The net profit attributable to shareholders reached 140 million yuan, a year-on-year increase of 58.7% [1] - Insurance-related revenue was 739 million yuan, up 28.7% year-on-year, with first-year premium scale reaching 3.204 billion yuan, an increase of 80.2% [1] - Operating expenses, including sales, management, and R&D costs, accounted for 38.7% of revenue, a decrease of 6.4 percentage points year-on-year [1] Strategic Initiatives - The company's growth is driven by a user-centric approach and AI application strategy, enhancing operational efficiency [1] - Waterdrop's AI risk control model covers 15 high-risk fundraising scenarios, significantly improving risk identification accuracy [1] - The AI customer service tool "Bao Xiaohui" provides 24/7 rapid response, achieving 100% coverage of online service requests [1] Future Outlook - Waterdrop plans to sustain growth through product innovation and the application of AI models [2] - The launch of the industry's first AI underwriting expert "KEYI.AI" reduces the average processing time for complex health insurance underwriting by 80% and achieves an accuracy rate of 99.8% [2] - "KEYI.AI" will also be made available to industry partners, further empowering the AI transformation of the insurance product chain [2]