北京民营企业专精特新百强以企业年度经营情况、研发创新能力、产业发展定位等为核心指标，综合考 量企业依法合规经营、诚实守信等方面情况，根据核心指标和辅助指标的量化赋值确定入围榜单企业， 入围企业均在科技创新方面取得重大成果。 作为北京民营企业专精特新百强榜的入选者，水滴公司始终将科技创新作为核心竞争力，并搭建"All in AI"的科技发展战略，依托数字化建设与自主研发的AI大模型，深度赋能保险服务全流程，实现业务流 程的线上化、标准化、数智化，在为用户提供更便捷、更普惠的保险服务的同时，显著提升业务效益， 驱动公司高质量发展。 （原标题：水滴公司(WDH.US)入选2025"北京民营企业专精特新百强榜"） 9月19日，北京市工商联、北京市通州区人民政府联合召开2025北京民营企业百强发布会，公布了2025 北京民营企业"1+3"百强榜单。凭借在科技创新方面的丰硕成果，水滴公司(WDH.US)入选2025年"北京 民营企业专精特新百强榜"。 基于"水滴水守大模型"技术底座，水滴持续提升服务效率与质量，优化用户体验。在辅助销售环节，公 司已形成AI驱动的增长引擎，自研的"水滴水守"AI保险专家凭借多模态交互能力， ...

水滴公司(NYSE: WDH)发布2025年第二季度业绩后，近日国泰君安国际发布研报，上调水滴公司目标 价至2.35美元，维持"买入"评级。2025年第二季度，得益于运营效率优化提升，水滴公司利润表现超出 预期。国泰君安国际提高了水滴公司2025至2027年的盈利预期，反映盈利增强及增长动能稳健。 国泰君安国际研报指出，水滴公司在2025年第二季度财 务表现强劲，归母净利润1.4亿元，同比增长58.7%；保 险相关收入7.39亿元，同比增长28.7%，首年规模保费达 32.04亿元，同比增长80.2%；公司营业费用（包含销售 费用、管理费用和研发费用）占收入比为 38.7%，同比 下降6.4个百分点。 水滴公司创始人兼CEO沈鹏表示，以用户为中心和AI应 用战略是公司增长的关键驱动力。依托AI大模型语义解 析与策略研判能力，水滴的AI风控模型已经覆盖15个筹 款高风险场景，大幅提升风控识别准确率。此外，水滴 AI客服"保小慧"能7×24小时快速响应，实现在线场景客 服工单100%覆盖。为保险顾问及规划师开发了基于AI大 模型的保险产品知识库查询工具，已累计辅助决策30万 次。 展望未来，水滴公司将通过产品创新 ...

Core Insights - Waterdrop Inc. reported a net operating revenue of 838 million yuan for Q2 2025, representing a year-on-year growth of 23.9% and a net profit of 140 million yuan, up 58.7% year-on-year, marking 14 consecutive quarters of profitability [1] - The company has initiated a new round of cash dividend distribution, emphasizing shareholder returns [1] Insurance Business Performance - Insurance-related revenue reached 739 million yuan in Q2, a year-on-year increase of 28.7%, with operating profit at 171 million yuan, up 39% [2] - The first-year premium scale for insurance business grew by 80.2% year-on-year, totaling 3.204 billion yuan [2] - Short-term insurance premiums increased by 95% year-on-year, while long-term insurance premiums grew by 45.4% [2] - New insurance products include a five-year guaranteed renewal medical insurance and an upgraded maternal insurance product, which allows coverage for mothers with pre-existing conditions [2] Charitable Contributions - Waterdrop's fundraising platform has facilitated donations of 70 billion yuan from approximately 480 million users to 3.54 million patients since its inception [3] - The platform has integrated AI capabilities to enhance service and risk management, ensuring transparency and authenticity in fundraising [3] - Collaborative projects with local governments have been initiated to improve resource allocation for aid [3] Digital Clinical Trials - The digital clinical trial business reported a revenue of 27.7 million yuan, a 34.2% increase year-on-year, with a record patient enrollment of 999 in a single quarter [4] - Partnerships with 198 pharmaceutical companies and CROs have been established, with a total of 1,385 projects completed [4] AI Innovations - AI technology has significantly enhanced the insurance business, with AI medical insurance contributing to a 155% increase in premium scale [5] - AI applications have been implemented across various business scenarios, including customer service and underwriting, improving efficiency and accuracy [6] - The introduction of an AI underwriting expert has reduced processing time by 80% and increased response speed by 260 times [6] CEO's Vision - The CEO expressed optimism about the integration of AI in the health insurance sector, highlighting its positive impact on customer acquisition and operational efficiency [7] - The company aims to continue leveraging technology for growth and value creation for users, partners, and shareholders [7]