Monetary and Operational Highlights for the Third  Quarter of 2024

Marked enchancment in profitability and wholesome liquidity: Within the third quarter of 2024, internet revenue attributable to our abnormal shareholders reached RMB92.8 million, representing a year-over-year progress of 152.6%. As of September 30, 2024, we continued to generate optimistic working money stream throughout the third quarter of 2024.Robust enterprise efficiency: For the third quarter of 2024, the first-year premiums (“FYP”) generated by our insurance coverage enterprise amounted to RMB2,041.8 million (US$290.9 million), representing a rise of 20.4% yr over yr. Internet working income was RMB704.1 million (US$100.3 million), representing a rise of two.6% yr over yr.Expanded crowdfunding protection: As of September 30, 2024, round 466 million individuals cumulatively had donated an mixture of RMB66.3 billion to three.32 million sufferers by Waterdrop Medical (TASE:) Crowdfunding.Reliable efficiency in affected person recruitment: As of September 30, 2024, the Firm had cumulatively enrolled over 9,500 sufferers into 1,137 scientific trial applications by the E-Discover Platform.

Mr.  Peng Shen, Founder, Chairman, and Chief Government Officer of Waterdrop, commented, “We’re delighted to announce one other quarter of strong profitability, with internet revenue attributable to abnormal shareholders reaching 2.5 instances that of the third quarter final yr.

Our insurance coverage enterprise has achieved a 14.8% quarter-over-quarter progress in FYP and maintained an working revenue margin above 20%. We delivered stable FYP progress in each short-term and long-term insurance coverage, pushed by consumer acquisition, modern tailored merchandise, and the contribution of  Shenlanbao. I consider with our data-driven consumer insights, distinctive product choices, and diversified distribution channels, we’re well-positioned to take care of a powerful aggressive benefit.

This quarter marks a big milestone for our medical crowdfunding enterprise and the business as an entire, following the issuance of the ‘Measures for Administration of On-line Service Platforms for People Looking for Monetary Assist’ launched by Ministry of Civil Affairs of PRC and different authorities departments on September 5, 2024. The Measures for Administration formally announce the authorized framework of fundraising sector, and supply steerage on administration and data transparency.

Throughout this quarter, our digital scientific trial answer earnings continued its progress, realizing a quarter-over-quarter improve of 17.4%. We collaborated with a complete of 184 pharmaceutical firms and contract analysis organizations (“CROs”). Furthermore, we enrolled 909 sufferers and initiated providers for 88 new applications throughout the third quarter of 2024.

We’re additionally delighted to report notable progress in AI. Internally, ‘AI Marketing consultant’, a conversational AI agent powered by our ‘Waterdrop Guardian’  giant language mannequin, has reached the capability to generate million yuan in month-to-month premiums by serving consumer inquires. In the meantime, a brand new utility, ‘AI Service High quality Agent’, was deployed to streamline the service high quality inspection course of by changing guide work. Externally, we launched ‘AI High Gross sales Platform 3.0’, a conversational AI platform that customizes AI gross sales brokers for companies, and have initiated pilots with insurance coverage carriers and corporations in non-insurance sectors.

We worth the belief from our traders and prioritize shareholder returns. By the tip of November 2024, the Firm had cumulatively repurchased roughly 50.9 million ADSs from the open market. Furthermore, we lately accomplished our second particular money dividend of roughly US$7.3 million.

With our sturdy execution functionality, ample money reserves and steady profitability, we’ll proceed to give attention to fostering sustainable progress, and try to ship substantial returns to our shareholders and traders.”

Monetary Outcomes for the Third  Quarter of 2024

Working income, internet

Internet working income for the third quarter of 2024 elevated by 2.6% yr over yr to RMB704.1 million (US$100.3 million) from RMB686.5 million for a similar interval of 2023. On a quarter-over-quarter foundation, internet working income elevated by 4.1%.

Insurance coverage-related earnings consists of insurance coverage brokerage earnings and technical service earnings. Insurance coverage brokerage earnings represents brokerage commissions earned from insurance coverage firms. Technical service earnings is derived from offering technical providers together with buyer relationship upkeep, buyer criticism administration, declare assessment, and consumer referral providers, amongst different issues, to insurance coverage firms, insurance coverage brokers, and company firms. Our insurance-related earnings amounted to RMB600.7 million (US$85.6 million) within the third quarter of 2024, representing a lower of three.0% yr over yr from RMB619.3 million for the third quarter of 2023, which was primarily as a result of lower in technical service earnings. On a quarter-over-quarter foundation, insurance-related earnings elevated by 4.7%.Crowdfunding service charges symbolize the service earnings earned when sufferers efficiently withdraw the proceeds from their crowdfunding campaigns. Our function is to function the Waterdrop Medical Crowdfunding platform to offer crowdfunding associated providers by the web, enabling sufferers with vital medical payments to hunt assist from caring hearts by expertise (the “medical crowdfunding services”). Our medical crowdfunding providers typically include offering technical and web help, managing, reviewing and supervising the crowdfunding campaigns, offering complete threat administration and anti-fraud measures, and facilitating the gathering and switch of the funds. For the third quarter of 2024, we generated RMB65.8 million (US$9.4 million) in service charges, representing a rise of 83.0% yr over yr from RMB36.0 million for the third quarter of 2023. On a quarter-over-quarter foundation, crowdfunding service charges decreased by 5.0%.Digital scientific trial answer earnings represents the service earnings earned from our clients primarily together with biopharmaceutical firms and main biotechnology firms. We match certified and appropriate sufferers for enrollment in scientific trials for our clients and generate digital scientific trial answer income for profitable matches and we sometimes cost our clients a hard and fast unit value per profitable match. For the third quarter of 2024, our digital scientific trial answer earnings amounted to RMB24.3 million (US$3.5 million), representing a lower of 12.1% from RMB27.6 million in the identical interval of 2023. On a quarter-over-quarter foundation, digital scientific trial answer earnings elevated by 17.4%.

Working prices and bills

Working prices and bills decreased by 1.6% yr over yr to RMB677.7  million  (US$96.6 million) for the  third  quarter of 2024. On a quarter-over-quarter foundation, working prices and bills elevated by 8.6%.

Working prices elevated by 9.1% yr over yr to RMB340.6 million (US$48.5 million) for the third quarter of 2024, as in contrast with RMB312.3 million for the third quarter of 2023, which was primarily pushed by (i) a rise of RMB46.5 million in prices of referral and repair charges, partially offset by (ii) a lower of RMB10.0 million in personnel prices, and (iii) a lower of RMB7.0 million within the prices for crowdfunding consultants workforce. On a quarter-over-quarter foundation, working prices elevated by 6.7% from RMB319.1 million, primarily resulting from (i) a rise of RMB32.6 million in prices of referral and repair charges, partially offset by (ii) a lower of RMB8.9 million in personnel prices, and (iii) a lower of RMB5.1 million within the prices for crowdfunding consultants workforce.Gross sales and advertising and marketing bills decreased by 7.7% yr over yr to RMB173.2 million (US$24.7 million) for the third quarter of 2024, as in contrast with RMB187.7 million for a similar quarter of 2023. The lower was primarily resulting from (i) a lower of RMB36.5 million in personnel prices and share-based compensation bills, partially offset by (ii) a rise of RMB21.1 million in advertising and marketing bills to third-party site visitors channels. On a quarter-over-quarter foundation, gross sales and advertising and marketing bills elevated by 10.0% from RMB157.4 million, primarily resulting from (i) a rise of RMB14.4 million in advertising and marketing bills to third-party site visitors channels, (ii) a rise of RMB4.5 million in outsourced gross sales and advertising and marketing service charges to 3rd events, and partially offset by (iii) a lower of RMB3.1 million in gross sales and advertising and marketing personnel prices and share-based compensation expensesGeneral and administrative bills decreased by 3.2% yr over yr to RMB111.0 million (US$15.8 million) for the third quarter of 2024, in contrast with RMB114.6 million for a similar quarter of 2023. The year-over-year variance was resulting from (i) a lower of RMB24.8 million in skilled service charges, (ii) a lower of RMB5.8 million in personnel prices and share-based compensation bills, partially offset by (iii) a rise of RMB10.6 million in allowance for uncertain accounts, and (iv) a rise of RMB20.6 million impairment loss for intangible belongings associated to the acquisition of Shenzhen Cunzhen Qiushi Know-how Co., Ltd. and its subsidiaries (“Shenlanbao”). On a quarter-over-quarter foundation, basic and administrative bills elevated by 18.1% from RMB94.0 million, resulting from (i) a rise of RMB20.6 million impairment loss for intangible belongings associated to the acquisition of Shenlanbao, (ii) a rise of RMB6.9 million in personnel prices and share-based compensation bills, partially offset by (iii) a lower of RMB6.8 million in skilled service charges, and (iv) a lower of RMB3.1 million allowance for uncertain accounts.Analysis and improvement bills decreased by 28.4% yr over yr to RMB53.0 million (US$7.5 million) for the third quarter of 2024, in contrast with RMB73.9 million for a similar interval of 2023. The lower was primarily resulting from a lower of RMB18.9 million in personnel prices and share-based compensation bills. On a quarter-over-quarter foundation, analysis and improvement bills remained steady.

Working revenue  for the third  quarter of 2024 was RMB26.5  million  (US$3.8  million), as in contrast with  an working lack of RMB2.1  million for  the third  quarter of 2023  and an working revenue of RMB52.4  million for the second  quarter of 2024.

Curiosity earnings for the third  quarter of 2024 was RMB36.0 million  (US$5.1 million), as in contrast with  RMB32.9 million for  the third quarter  of 2023 and RMB37.5 million for the second quarter of 2024.

Earnings tax profit  for the third  quarter of 2024 was RMB7.8 million (US$1.1 million), as in contrast with RMB1.5  million for  the  third quarter  of 2023 and an earnings tax expense of RMB7.0 million for the second quarter of 2024.

Internet revenue attributable to the Firm’s abnormal shareholders for the third quarter of 2024 was RMB92.8 million (US$13.2 million), as in contrast with RMB36.7 million for a similar interval of 2023, and RMB88.3 million for the second quarter of 2024.

Adjusted internet revenue attributable to the Firm’s abnormal shareholders (non-GAAP(1)) for the third quarter of 2024 was RMB126.0 million (US$18.0 million), as in contrast with RMB74.3 million for a similar interval of 2023, and  RMB108.7 million for the second quarter of 2024.  

Money place(2)

As of September 30, 2024, money place of the Firm was RMB3,440.1 million (US$490.2 million), as in contrast with RMB3,571.6 million as of December 31, 2023.

(1)  See the sections entitled “Non-GAAP Financial Measure” and “Reconciliations of GAAP and Non-GAAP Results” for extra details about the non-GAAP      measures referred to on this announcement.(2)  Money place consists of money and money equivalents, short-term investments, and long-term debt investments included in long-term investments.

Share Repurchase Applications  

Pursuant to the share repurchase applications launched in September 2021, September 2022, September 2023 and September 2024, respectively, we had cumulatively repurchased roughly 50.9 million ADSs from the open market with money for a complete consideration of roughly US$102.3 million as of November 30, 2024.

Supplemental Data  

We manage and report our enterprise in  three working segments:

Insurance coverage, which primarily consists of Waterdrop Insurance coverage Market, Shenlanbao Insurance coverage Market and technical help service;Crowdfunding, which primarily consists of Waterdrop Medical Crowdfunding; andOthers, which primarily embody Digital Medical Trial Resolution and different new initiatives.

The desk under units forth the section working outcomes, with the nine-month comparative figures retrospectively adjusted to adapt to this presentation.

For the Three Months Ended  

For the 9 Months Ended  

September 30, 2023

June 30, 2024

September 30, 2024

September 30, 2023

September 30, 2024

RMB

RMB

RMB

USD

RMB

RMB

USD

(All quantities in 1000’s)

Working income, internet

 Insurance coverage  

619,269

573,832

600,726

85,603

1,753,049

1,781,335

253,838

 Crowdfunding  

35,971

69,323

65,839

9,382

122,670

202,512

28,858

 Others  

31,238

33,001

37,576

5,354

95,624

101,150

14,414

Complete (EPA:) consolidated working    income, internet

686,478

676,156

704,141

100,339

1,971,343

2,084,997

297,110

Working revenue/(loss)

 Insurance coverage  

145,200

122,955

122,501

17,457

399,914

374,619

53,383

 Crowdfunding  

(68,793)

(22,936)

(17,902)

(2,551)

(194,058)

(73,075)

(10,413)

 Others  

(43,713)

(27,450)

(31,716)

(4,520)

(128,157)

(90,598)

(12,911)

Complete section working    revenue

32,694

72,569

72,883

10,386

77,699

210,946

30,059

 Unallocated merchandise  

(34,762)

(20,205)

(46,413)

(6,614)

(111,081)

(85,748)

(12,219)

Complete consolidated working    (loss)/revenue

(2,068)

52,364

26,470

3,772

(33,382)

125,198

17,840

 Complete different earnings  

36,914

38,366

60,842

8,670

126,520

141,989

20,233

Revenue earlier than earnings tax

34,846

90,730

87,312

12,442

93,138

267,187

38,073

 Earnings tax profit/(expense)  

1,479

(7,026)

7,843

1,118

14,609

(7,771)

(1,107)

Internet revenue

36,325

83,704

95,155

13,560

107,747

259,416

36,966

       Ranging from the second quarter of 2023, our chief working choice maker started managing the enterprise by three         working segments and assessing efficiency and allocating sources below this new working section construction. The         nine-month comparative figures had been retrospectively adjusted to adapt to this presentation.

     The share-based compensation and impairment of intangible belongings acquired from enterprise mixture symbolize         unallocated gadgets within the section data as a result of our administration doesn’t think about these as a part of the section         working efficiency measure.

Trade Fee

This announcement comprises translations of sure RMB quantities into U.S. {dollars} (“USD” or “US$”) at specified charges solely for the comfort of the reader. Until in any other case acknowledged, all translations from RMB  to USD had been made on the fee of RMB7.0176 to US$1.00, the midday shopping for fee in impact on September  30, 2024  within the H.10 statistical launch of the Federal Reserve Board. The Firm makes no illustration that the RMB  or USD quantities referred may very well be transformed into USD or RMB, because the case could also be, at any explicit fee or in any respect. For analytical presentation, all percentages are calculated utilizing the numbers introduced within the monetary statements contained on this earnings launch.

Non-GAAP Monetary Measure

The Firm makes use of  non-GAAP monetary measure, adjusted internet revenue attributable to our abnormal shareholders, in evaluating the Firm’s working outcomes and for monetary and operational decision-making functions. Adjusted internet revenue attributable to our abnormal shareholders represents internet revenue  attributable to our abnormal shareholders  excluding share-based compensation expense  attributable to our abnormal shareholders, overseas foreign money change achieve or losses, impairment of intangible belongings acquired from enterprise mixture  and associated tax results on non-GAAP changes

The non-GAAP monetary measure is  not introduced in accordance with U.S. GAAP and could also be totally different from non-GAAP strategies of accounting and reporting utilized by different firms. The non-GAAP monetary measure has  limitations as analytical instruments and when assessing the Firm’s working efficiency, traders shouldn’t think about it in isolation, or as an alternative choice to internet loss or different consolidated statements of complete loss information ready in accordance with U.S. GAAP. The Firm encourages traders and others to assessment its monetary data in its entirety and never depend on a single monetary measure. Traders are inspired to assessment the Firm’s historic non-GAAP monetary measure to essentially the most immediately comparable GAAP measure. Adjusted internet revenue attributable to our abnormal shareholders introduced right here might not be akin to equally titled measure introduced by different firms. Different firms might calculate equally titled measure in a different way, limiting  its  usefulness as a comparative measure to our information.

The Firm mitigates these limitations by reconciling the non-GAAP monetary measure to essentially the most comparable U.S. GAAP efficiency measure, all of which needs to be thought of when evaluating the Firm’s efficiency.

For extra data on the non-GAAP monetary measure, please see the desk captioned “Reconciliation of GAAP and Non-GAAP Results” set forth on the finish of this press launch.

Secure Harbor Assertion

This press launch comprises statements that will represent “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology comparable to “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and related statements. Amongst different issues, quotations on this announcement, comprise forward-looking statements. Waterdrop may additionally make written or oral forward-looking statements in its periodic experiences to the  SEC, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd  events. Statements that aren’t historic details, together with statements about Waterdrop’s beliefs, plans and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a lot of elements might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: Waterdrop’s mission, objectives and methods; Waterdrop’s future enterprise improvement, monetary situation and outcomes of operations; the anticipated progress of the insurance coverage, medical crowdfunding and healthcare business in China; Waterdrop’s expectations relating to demand for and market acceptance of our services; Waterdrop’s expectations relating to its relationships with customers, insurance coverage carriers and different companions; competitors within the business and related authorities insurance policies and laws regarding insurance coverage, medical crowdfunding and healthcare business. Additional data relating to these and different dangers is included in Waterdrop’s filings with the SEC. All data supplied on this press launch is as of the date of this press launch, and Waterdrop doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant legislation.

Convention Name Data

Waterdrop’s administration workforce will maintain a convention name on December 11, 2024 at 7:00 AM U.S. Japanese Time (8:00 PM Beijing/Hong Kong Time on the identical day) to debate the monetary outcomes. Dial-in particulars for the earnings convention name are as follows:

Worldwide:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Hong Kong Toll Free:

800-963976

Hong Kong:

852-58081995

Mainland China:

4001-206115

Chinese language Line (Mandarin)  Entry Quantity:

4533234

English Interpretation Line (Pay attention-only  Mode) Entry Quantity:

2061532

Individuals can select between the Chinese language and the English interpretation traces. Please observe that the English interpretation possibility shall be in listen-only mode. Please dial in quarter-hour earlier than the decision is scheduled to start and supply the Elite Entry Quantity to affix the decision.

Phone replays shall be accessible two hours after the conclusion of the convention name till December 18, 2024 by dialing the next numbers:

United States Toll Free:

1-877-344-7529

Worldwide:

1-412-317-0088

Chinese language Line Entry Code:

6305770

English Interpretation Line Entry Code:

9765426

A dwell and archived webcast of the convention name may also be obtainable on the Firm’s investor relations web site at http://ir.waterdrop-inc.com/.

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a number one expertise platform devoted to insurance coverage and healthcare service with a optimistic social influence. Based in 2016, with the great protection of Waterdrop Insurance coverage Market and Waterdrop Medical Crowdfunding, Waterdrop goals to deliver insurance coverage and healthcare service to billions by expertise. For extra data, please go to www.waterdrop-inc.com.

For investor inquiries, please contact

WATERDROP INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All quantities in 1000’s, until in any other case famous)

As of  

December 31, 2023

September 30, 2024

RMB

RMB

USD

Property

Present belongings

            Money and money equivalents

396,905

442,145

63,005

            Restricted money  

577,121

474,683

67,642

            Quick-term investments

2,996,527

1,912,873

272,582

            Accounts receivable, internet  

693,110

755,427

107,647

            Present contract belongings  

572,871

631,507

89,989

            Quantity due from associated events

65

250

36

            Pay as you go expense and different belongings

189,846

192,153

27,381

Complete present belongings

5,426,445

4,409,038

628,282

Non-current belongings

            Non-current contract belongings

134,383

141,262

20,130

            Property, tools and software program, internet

33,878

237,616

33,860

            Intangible belongings, internet

177,407

153,043

21,808

            Lengthy-term investments

211,758

1,122,407

159,942

            Proper of use belongings, internet

59,851

55,149

7,859

            Deferred tax belongings

24,190

29,297

4,175

            Goodwill

80,751

80,751

11,507

Complete non-current belongings

722,218

1,819,525

259,281

Complete belongings

6,148,663

6,228,563

887,563

Liabilities, Mezzanine Fairness and Shareholders’ Fairness  

Present liabilities

            Quantity resulting from associated events

9,509

10,043

1,431

            Insurance coverage premium payables  

591,953

493,596

70,337

            Accrued bills and different present liabilities

597,684

724,610

103,256

            Quick-term loans

137,557

148,544

21,167

            Present lease liabilities

32,908

35,946

5,122

Complete present liabilities  

1,369,611

1,412,739

201,313

Non-current liabilities

            Non-current lease liabilities

27,293

18,464

2,631

            Deferred tax liabilities

73,305

85,713

12,214

Complete non-current liabilities

100,598

104,177

14,845

Complete liabilities

1,470,209

1,516,916

216,158

Mezzanine Fairness

            Redeemable non-controlling pursuits

92,760

90,449

12,889

Shareholders’ fairness

            Class A abnormal shares

112

113

16

            Class B abnormal shares

27

27

4

            Treasury inventory

(12)

(15)

(2)

            Extra paid-in capital

7,003,423

6,821,616

972,073

            Gathered different complete earnings

144,107

99,693

14,206

            Gathered deficit

(2,561,963)

(2,300,236)

(327,781)

Complete shareholders’ fairness

4,585,694

4,621,198

658,516

Complete liabilities, mezzanine fairness and shareholders’ fairness

6,148,663

6,228,563

887,563

WATERDROP INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(All quantities in 1000’s, aside from share and per share information, or in any other case famous)

For the Three Months Ended  

For the 9 Months Ended  

September 30, 2023

June 30, 2024

September 30, 2024

September 30, 2023

September 30, 2024

RMB

RMB

RMB

USD

RMB

RMB

USD

Working income, internet

686,478

676,156

704,141

100,339

1,971,343

2,084,997

297,110

Working prices and bills(i)

 Working prices  

(312,278)

(319,101)

(340,560)

(48,529)

(893,401)

(990,904)

(141,203)

 Gross sales and advertising and marketing bills  

(187,685)

(157,413)

(173,172)

(24,677)

(565,634)

(512,731)

(73,064)

 Basic and administrative bills  

(114,641)

(93,978)

(110,988)

(15,816)

(306,436)

(293,927)

(41,884)

 Analysis and improvement bills  

(73,942)

(53,300)

(52,951)

(7,545)

(239,254)

(162,237)

(23,119)

Complete working prices and bills

(688,546)

(623,792)

(677,671)

(96,567)

(2,004,725)

(1,959,799)

(279,270)

Working (loss)/revenue

(2,068)

52,364

26,470

3,772

(33,382)

125,198

17,840

Different earnings

 Curiosity earnings  

32,890

37,510

36,005

5,131

101,384

113,319

16,148

 Overseas foreign money change (loss)/achieve  

(3,734)

(444)

7,909

1,127

(2,614)

8,979

1,279

 Others, internet  

7,758

1,300

16,928

2,412

27,750

19,691

2,806

Revenue earlier than earnings tax

34,846

90,730

87,312

12,442

93,138

267,187

38,073

 Earnings tax profit/(expense)  

1,479

(7,026)

7,843

1,118

14,609

(7,771)

(1,107)

Internet revenue  

36,325

83,704

95,155

13,560

107,747

259,416

36,966

 Internet (loss)/revenue attributable to mezzanine    fairness labeled as non-controlling pursuits    shareholders  

(417)

(4,586)

2,350

335

(417)

(2,311)

(329)

Internet revenue attributable to abnormal shareholders

36,742

88,290

92,805

13,225

108,164

261,727

37,295

Different complete earnings:

 Overseas foreign money translation adjustment, internet of    tax  

8,983

13,497

(83,054)

(11,835)

76,803

(44,414)

(6,329)

 Unrealized loss on obtainable on the market    investments, internet of tax  

–

–

–

–

(1,551)

–

–

Complete complete earnings

45,308

97,201

12,101

1,725

182,999

215,002

30,637

 Complete complete (loss)/revenue attributable    to mezzanine fairness labeled as non-   controlling pursuits shareholders  

(417)

(4,586)

2,350

335

7,074

(2,311)

(329)

Complete complete earnings attributable to    abnormal shareholders

45,725

101,787

9,751

1,390

175,925

217,313

30,966

Weighted common variety of abnormal shares    utilized in computing internet revenue per share

 Primary  

3,719,628,339

3,660,589,600

3,624,431,887

3,624,431,887

3,793,678,209

3,660,415,080

3,660,415,080

 Diluted  

3,808,529,672

3,734,346,444

3,689,357,838

3,689,357,838

3,921,118,226

3,726,590,324

3,726,590,324

Internet revenue per share attributable to abnormal shareholders

 Primary  

0.01

0.02

0.03

0.00

0.03

0.07

0.01

 Diluted  

0.01

0.02

0.03

0.00

0.03

0.07

0.01

(i)    Share-based compensation bills are included within the working prices and bills as follows.  

For the Three Months Ended  

For the 9 Months Ended  

September 30, 2023

June 30, 2024

September 30, 2024

September 30, 2023

September 30, 2024

RMB

RMB

RMB

USD

RMB

RMB

USD

Gross sales and advertising and marketing bills

(8,944)

(1,320)

(1,993)

(284)

(33,361)

(5,133)

(731)

Basic and administrative bills

(22,060)

(16,285)

(21,297)

(3,035)

(66,642)

(51,909)

(7,397)

Analysis and improvement bills

(3,758)

(2,600)

(2,563)

(365)

(11,078)

(8,146)

(1,161)

Complete  

(34,762)

(20,205)

(25,853)

(3,684)

(111,081)

(65,188)

(9,289)

WATERDROP INC.

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(All quantities in 1000’s, until in any other case famous)

For the Three Months Ended  

For the 9 Months Ended  

September 30, 2023

June 30, 2024

September 30, 2024

September 30, 2023

September 30, 2024

RMB

RMB

RMB

USD

RMB

RMB

USD

Internet revenue attributable to the Firm’s abnormal   shareholders

36,742

88,290

92,805

13,225

108,164

261,727

37,295

Add:

 Share-based compensation expense attributable  to the Firm’s abnormal shareholders  

33,810

20,015

25,673

3,658

110,130

64,948

9,255

 Overseas foreign money change loss/(achieve)  

3,734

444

(7,909)

(1,127)

2,614

(8,979)

(1,279)

 Impairment of intangible belongings acquired from enterprise mixture  

–

–

20,560

2,930

–

20,560

2,930

 Tax results on non-GAAP changes  

–

–

(5,140)

(732)

–

(5,140)

(732)

Adjusted internet revenue attributable to the  Firm’s abnormal shareholders

74,286

108,749

125,989

17,954

220,908

333,116

47,469

Enterprise

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