Waterdrop(WDH) - 2025 Q3 - Earnings Call Transcript

Financial Data and Key Metrics Changes - In Q3 2025, the company reported total revenue of CNY 975 million, reflecting a year-on-year growth of 38.4% [2][17] - Net profit attributable to ordinary shareholders reached CNY 158 million, up 60.1% year-on-year [3][19] - For the first three quarters of 2025, total revenue amounted to CNY 2.67 billion, a 23.1% year-on-year increase [2] Business Line Data and Key Metrics Changes - The insurtech business generated about CNY 870 million in revenue, increasing by 44.8% year-on-year [7][17] - Operating profit for the insurtech segment reached approximately CNY 180 million, marking a year-on-year increase of 44.3% [3] - Digital clinical trial solutions contributed over CNY 31.85 million, with a year-on-year increase of 31.3% [15][17] Market Data and Key Metrics Changes - The medical profiling platform has raised medical campaigns for a cumulative total of 3.61 million patients as of the end of Q3 2025 [3] - The digital clinical trial solution business enrolled over 1,000 patients in a single quarter, demonstrating robust growth momentum [3][14] Company Strategy and Development Direction - The company is focused on leveraging AI technologies to drive integration and innovation across operations, aiming for sustainable long-term growth [6] - WaterDrop launched WaterDrop C-Point AI, a low-code AI platform to enhance employee efficiency in various tasks [4] - The company is exploring AI applications in non-insurance areas to support growth [4] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year revenue and profit guidance, emphasizing the role of AI in enhancing business quality and efficiency [6][19] - The company has maintained GAAP profitability for 15 consecutive quarters since Q1 2022 [3] Other Important Information - The company completed its fourth cash dividend distribution since IPO, totaling around $10.9 million [5] - By the end of November 2025, the company had repurchased approximately 58.1 million ADS in the open market, totaling $113 million [5] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.