Ladies and gentlemen, it is a distinct honor to standing for you today to discuss a topic that is not just at the forefront of technological innovation but also at the heart of our collective humanity. Tech for good. In an era where technology advances at an unprecedented pace, the phrase tech for good encapsulates our responsibility to harness these advancements of the betterment of society, fostering a future that is more inclusive, sustainable, and equitable.Technology is not just about innovation. It's ...

Core Insights - Waterdrop Inc. reported a net operating revenue of RMB 753.7 million and a net profit of RMB 108.2 million for Q1 2025, marking a 34.2% increase year-over-year and achieving profitability for the thirteenth consecutive quarter [1] - The company has repurchased approximately 54.2 million American Depositary Shares (ADSs) since initiating its share repurchase program in September 2021 [2] Financial Performance - Insurance-related revenue reached RMB 658.0 million, an 8.4% increase year-over-year, with operating profit from the insurance business totaling RMB 151.4 million [3] - First-year premiums (FYPs) from the insurance business amounted to RMB 2,092.4 million, reflecting a 19.3% year-over-year increase [3] Business Growth and Innovation - Waterdrop's insurance business experienced a 30.1% year-over-year increase in short-term premiums, driven by refined user acquisition strategies and product innovation, including the upgrade of the "Jiehaoyun" product to version 5.0 [4] - The introduction of the Million Medical Insurance product offers unique features such as a health declaration waiver and guaranteed renewal for five consecutive years [4] Technological Advancements - The "AI Insurance Expert - Medical Insurance" application facilitated over RMB 2 million in monthly premiums, while the "AI Service Quality Copilot" improved operational efficiency by 83% [5] - Waterdrop has partnered with four property and casualty insurers to pilot AI-driven applications in the auto insurance sector [5] Social Impact - Waterdrop Medical Crowdfunding has raised a cumulative total of RMB 68.8 billion for 3.47 million patients, with around 475 million people participating in donations [6] - The Digital Clinical Trial Solution generated revenues of approximately RMB 23.0 million, an 11.5% year-over-year increase, with 11,217 patients enrolled in clinical trial programs [7] Leadership Commentary - The CEO emphasized the solid revenue and profit growth in Q1, highlighting the role of AI in enhancing service quality and the commitment to tech-driven value creation [8]