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What is the revenue and EPS growth rate for Waterdrop year over year?

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What does Waterdrop do and what are its main business segments?

- **Revenue surge**: 38.4% YoY growth to CNY 975 million, driven by insurance (44.8% YoY) and clinical trials (31.3% YoY)
- **Profit explosion**: Net profit up 60.1% to CNY 158 million, operating profit up 329.8%
- **AI breakthroughs**: 
  - 69 patent filings, including 9 international
  - Waterdrop C-Point AI platform enables 2x inference speed
  - AI customer service handles 600,000+ cases/month
- **ESG leadership**: 15,500+ charity projects, 3.61M patients served, 4Q of GAAP profitability
- **Shareholder returns**: $10.9M dividend + $113M share buybacks

**【Management Opening Remarks】**
- Welcome to Waterdrop's Q3 2025 earnings call with executives Xiaoying Xu (Finance), Wei Ran (Insurance), and Jasmine Lee (Crowdfunding/Healthcare). 
- Reminder of forward-looking statements and reconciliation of non-GAAP measures.

**【Financial Summary (Xiaoying Xu)】**
- Q3 2025 total revenue: **CNY 975 million (38.4% YoY growth)**
- Net profit attributable to ordinary shareholders: **CNY 158 million (60.1% YoY increase)**
- Key segments:
  - Insurance: **CNY 870 million (44.8% YoY growth)**
  - Digital Clinical Trials: **CNY 31.85 million (31.3% YoY growth)**
- Operating expenses: **CNY 861 million (27.1% YoY growth)**, driven by AI investments
- Cash position: **CNY 3.51 billion**
- 4th dividend distributed: **$10.9 million**
- Share repurchases: **$113 million**

**【Insurance Business Update (Wei Ran)】**
- Insurance-related revenue: **CNY 870 million (44.8% YoY growth)**
- Key initiatives:
  - Quan Jia Fu Family Protection Plan (covers 9 family members)
  - Upgraded Guo Min Bao medical insurance with expanded private hospital network
  - Shou Hu series modular options for diverse budgets
- AI advancements:
  - End-to-end decision latency reduced to **<50ms**
  - AI Pro model facilitates **36% sequential FIP growth**
  - AI customer service handles **600,000+ cases/month**

**【Crowdfunding & Healthcare Update (Jasmine Lee)】**
- Medical Crowdfunding:
  - Cumulative donations: **CNY 71.2 billion**
  - Fraud detection efficiency improved via AI
  - Real-time review timeline transparency for donors
- Digital Clinical Trials:
  - Q3 patient enrollment: **1,000+ per quarter**
  - Cumulative enrollment: **13,000+ patients**
  - 130% YoY growth in gynecological tumor projects
- AI applications:
  - LLM-powered patient service contracts with global pharma
  - AI matching accuracy improvements

**【Financial Details (Xiaoying Xu)】**
- Operating profit: **CNY 114 million (329.8% YoY growth)**
- Key expense trends:
  - Sales & marketing: **CNY 243 million (40.3% YoY growth)**
  - R&D: **CNY 58.3 million (10.2% YoY growth)**
- AI investments:
  - 69 patent applications (9 international)
  - Waterdrop C-Point low-code AI platform launched
  - AI inference throughput doubled
- ESG progress:
  - 15,500+ charity projects
  - 3.61 million patients served
  - 4th consecutive quarter of GAAP profitability

Waterdrop Inc.(WDH)-20251203-2025 Q3 Earnings call transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

WDH

WDH fundamentals

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