Waterdrop Inc. (WDH)

Waterdrop Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	722.01	986.32	396.91	1,574	817.72	1,062
Short-Term Investments	942.29	1,613	2,997	2,130	1,969	1,193
Cash & Short-Term Investments	1,664	2,599	3,393	3,705	2,787	2,255
Cash Growth	-43.26%	-23.41%	-8.40%	32.92%	23.59%	120.06%
Accounts Receivable	1,518	1,336	1,266	1,126	1,207	1,364
Other Receivables	0.32	16.89	19.62	14.91	83.35	448.68
Receivables	1,518	1,353	1,286	1,141	1,291	1,813
Restricted Cash	637.82	520.59	577.12	517.36	667.66	261.39
Other Current Assets	-	166.01	170.29	327.92	287.5	203.21
Total Current Assets	4,023	4,638	5,426	5,691	5,033	4,533
Property, Plant & Equipment	263.8	286.9	93.73	49.84	103.84	89.42
Long-Term Investments	1,787	1,114	211.76	11.97	11.81	2.74
Goodwill	80.75	80.75	80.75	3.42	3.42	3.12
Other Intangible Assets	152.95	153.01	177.41	56.61	56.75	53.03
Long-Term Accounts Receivable	195.9	153.75	134.38	103.59	29.89	24.01
Long-Term Deferred Tax Assets	20.33	27.03	24.19	6.17	11.84	-
Total Assets	6,523	6,454	6,149	5,922	5,251	4,705
Accounts Payable	9.83	10.36	9.51	11.51	20.45	9.79
Accrued Expenses	1,333	1,090	1,041	915.11	1,001	1,084
Short-Term Debt	63	198.37	137.56	-	-	-
Current Portion of Leases	11.87	34.57	32.91	9.35	44.11	36.55
Current Income Taxes Payable	-	11.86	18.12	23.31	22.02	13.54
Current Unearned Revenue	-	-	-	-	0.8	22.02
Other Current Liabilities	-	139.74	130.56	162.41	160.87	105.16
Total Current Liabilities	1,418	1,485	1,370	1,122	1,249	1,271
Long-Term Leases	4.95	10.97	27.29	4.7	14.48	27.71
Long-Term Deferred Tax Liabilities	87.6	84.19	73.31	29.7	13.55	225.75
Total Liabilities	1,510	1,580	1,470	1,156	1,277	1,525
Common Stock	0.14	0.14	0.14	0.14	0.13	0.04
Additional Paid-In Capital	6,848	6,832	7,003	7,385	7,329	-
Retained Earnings	-1,946	-2,194	-2,562	-2,727	-3,335	-1,672
Treasury Stock	-0.02	-0.02	-0.01	-0	-	-
Comprehensive Income & Other	111.05	159.55	144.11	108.25	-21.49	14.96
Total Common Equity	5,013	4,797	4,586	4,766	3,973	-1,657
Minority Interest	-	76.13	92.76	-	-	-
Shareholders' Equity	5,013	4,874	4,678	4,766	3,973	3,180
Total Liabilities & Equity	6,523	6,454	6,149	5,922	5,251	4,705
Total Debt	79.81	243.92	197.76	14.06	58.59	64.26
Net Cash (Debt)	1,584	2,355	3,196	3,690	2,728	2,191
Net Cash Growth	-44.78%	-26.31%	-13.41%	35.26%	24.54%	123.23%
Net Cash Per Share	4.28	6.33	8.23	9.17	9.12	18.65
Filing Date Shares Outstanding	360.83	361.66	368.94	390.99	394.28	120.35
Total Common Shares Outstanding	360.83	362.48	370.16	390.99	394.28	120.35
Working Capital	2,605	3,153	4,057	4,569	3,784	3,261
Book Value Per Share	13.89	13.24	12.39	12.19	10.08	-13.77
Tangible Book Value	4,779	4,564	4,328	4,706	3,913	-1,713
Tangible Book Value Per Share	13.24	12.59	11.69	12.04	9.93	-14.23
Buildings	-	212.8	-	-	-	-
Machinery	-	23.89	24.45	22.53	27.97	20
Leasehold Improvements	-	46.26	43.71	37.77	32.05	22.16

Updated Sep 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q