Waterdrop Inc. (WDH)

Waterdrop Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,729	2,631	2,802	3,206	3,028	1,511
Revenue Growth (YoY)	-1.09%	-6.11%	-12.61%	5.88%	100.40%	534.46%
Cost of Revenue	1,279	1,196	1,019	1,054	742.26	291.31
Gross Profit	1,450	1,435	1,782	2,151	2,286	1,220
Selling, General & Admin	1,145	1,143	1,013	3,635	2,538	1,199
Research & Development	276.39	299.06	291.29	378.99	244.23	214.65
Operating Expenses	1,421	1,442	1,304	4,014	2,782	1,414
Operating Income	29.29	-6.74	477.99	-1,862.84	-496.25	-194.48
Other Expense / Income	-180.6	-167.45	-152.71	-67.78	117.47	-15.47
Pretax Income	209.9	160.7	630.69	-1,795.07	-613.71	-179.01
Income Tax	11.77	0.56	22.98	-220.99	50.16	142.53
Net Income	198.13	160.15	607.72	-1,574.08	-663.87	-321.54
Preferred Dividends	0	0	0	152.29	443.91	136.84
Net Income Common	198.13	160.15	607.72	-1,726.37	-1,107.78	-458.37
Net Income Growth	-64.14%	-73.65%	-	-	-	-
Shares Outstanding (Basic)	3,697	3,770	3,921	2,991	1,175	1,204
Shares Outstanding (Diluted)	3,756	3,881	4,022	2,991	1,175	1,204
Shares Change	-6.73%	-3.52%	34.51%	154.60%	-2.40%	43.35%
EPS (Basic)	0.60	0.40	1.50	-5.80	-9.40	-3.80
EPS (Diluted)	0.60	0.40	1.50	-5.80	-9.40	-3.80
EPS Growth	-53.85%	-73.33%	-	-	-	-
Free Cash Flow	-	393.22	754.72	-1,132.28	-803.82	-546.16
Free Cash Flow Per Share	-	1.04	1.93	-3.79	-6.84	-4.54
Gross Margin	53.14%	54.55%	63.62%	67.11%	75.49%	80.72%
Operating Margin	1.07%	-0.26%	17.06%	-58.11%	-16.39%	-12.87%
Profit Margin	7.26%	6.09%	21.69%	-53.85%	-36.59%	-30.34%
Free Cash Flow Margin	-	14.95%	26.94%	-35.32%	-26.55%	-36.15%
Effective Tax Rate	5.61%	0.35%	3.64%	-	-	-
EBITDA	-	174.26	653.67	-1,776.98	-600.65	-172.32
EBITDA Margin	-	6.62%	23.33%	-55.43%	-19.84%	-11.40%
Depreciation & Amortization	-	13.56	22.98	18.09	13.07	6.69
EBIT	209.9	160.7	630.69	-1,795.07	-613.71	-179.01
EBIT Margin	7.69%	6.11%	22.51%	-55.99%	-20.27%	-11.85%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).