Waterdrop Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Debt Securities	143.81	530.67	1,613	2,997	2,130	1,969
Other Investments	2,077	2,284	1,114	211.76	11.97	11.81
Total Investments	2,221	2,815	2,727	3,208	2,142	1,981
Cash & Equivalents	751.94	483	986.32	396.91	1,574	817.72
Other Receivables	3,025	2,363	1,490	1,400	1,230	1,238
Net Property, Plant & Equipment	275.02	279.65	286.9	93.73	49.84	103.84
Other Intangible Assets	179.18	177.14	153.01	177.41	56.61	56.75
Goodwill	80.75	80.75	80.75	80.75	3.42	3.42
Other Assets	1,230	902.4	730.26	791.16	866	1,049
Total Assets	7,762	7,101	6,454	6,149	5,922	5,251
Accounts Payable	1,019	694.12	547.96	601.46	528.21	705.48
Accrued Expenses	1,174	1,140	704.04	597.68	584.12	498.75
Total Debt	274.68	47	198.37	137.56	-	-
Long-Term Leases	20.78	23.53	45.54	60.2	14.06	58.59
Other Liabilities	48.52	43.8	84.19	73.31	29.7	14.35
Total Liabilities	2,537	1,949	1,580	1,470	1,156	1,277
Common Stock	0.14	0.14	0.14	0.14	0.14	0.13
Treasury Stock	-0.02	-0.02	-0.02	-0.01	-0	-
Additional Paid-in Capital	6,640	6,734	6,832	7,003	7,385	7,329
Accumulated Other Comprehensive Income	3.37	43.62	159.55	144.11	108.25	-21.49
Retained Earnings	-1,527	-1,626	-2,194	-2,562	-2,727	-3,335
Total Common Shareholders' Equity	5,226	5,152	4,797	4,586	4,766	3,973
Minority Interest	109.43	-	76.13	92.76	-	-
Shareholders' Equity	5,335	5,152	4,874	4,678	4,766	3,973
Total Liabilities & Equity	7,762	7,101	6,454	6,149	5,922	5,251
Total Debt	20.78	23.53	45.54	60.2	14.06	58.59
Net Cash (Debt)	-20.78	-23.53	-45.54	-60.2	-14.06	-58.59
Net Cash Per Share	-0.06	-0.06	-0.12	-0.15	-0.04	-0.20
Book Value	5,226	5,152	4,797	4,586	4,766	3,973
Book Value Per Share	14.09	13.87	12.90	11.82	11.85	13.29
Tangible Book Value	4,966	4,894	4,564	4,328	4,706	3,913
Tangible Book Value Per Share	13.39	13.18	12.27	11.15	11.70	13.09