Shulou(Shulou.com)11/24 Report--

According to news in the afternoon of December 6, Beijing time, Waterdrop (NYSE: WDH) today released its results for the third quarter of 2022, which ended September 30.

The company's net revenue in the third quarter was 772.2 million yuan ($108.6 million), down 0.9 percent from 779.3 million yuan in the same period in 2021, according to the results. The net profit attributed to Shuidi was 169.6 million yuan ($23.8 million), compared with a net loss of 477 million yuan in the same period in 2021 and a net profit of 206.9 million yuan in the second quarter of 2022. Without general accounting standards, the net profit attributed to Shuidi was 215.7 million yuan ($30.3 million), compared with a net loss of 453.6 million yuan in the same period in 2021 and a net profit of 232.5 million yuan in the second quarter of 2022.

Third quarter results:

Net revenue was 772.2 million yuan ($108.6 million), down 0.9% from 779.3 million yuan in the same period in 2021.

Operating costs and expenses were 639.6 million yuan ($89.9 million), down 50.5% from the same period in 2021 and up 17.3% from the second quarter of 2022.

The operating cost was 341.3 million yuan ($48 million), an increase of 15.2% compared with 296.3 million yuan in the same period in 2021.

Sales and marketing spending was 137.9 million yuan ($19.4 million), down 82.4 percent from 781.7 million yuan in the same period in 2021.

Expenditure on general and administrative expenses was 82 million yuan ($11.5 million), down 26.4 per cent compared with 111.4 million yuan in the same period in 2021.

Spending on R & D was 78.4 million yuan ($11 million), down 23.8% from 102.9 million yuan in the same period in 2021.

Operating profit was 132.6 million yuan ($18.6 million), compared with an operating loss of 513 million yuan in the same period in 2021 and an operating profit of 155.9 million yuan in the second quarter of 2022.

The net profit attributed to Shuidi was 169.6 million yuan ($23.8 million), compared with a net loss of 477 million yuan in the same period in 2021 and a net profit of 206.9 million yuan in the second quarter of 2022.

Without general accounting standards, the net profit attributed to Shuidi was 215.7 million yuan ($30.3 million), compared with a net loss of 453.6 million yuan in the same period in 2021 and a net profit of 232.5 million yuan in the second quarter of 2022.

As of September 30, 2022, Shuidi had cash and cash equivalents and short-term investments of 3.5886 billion yuan ($504.5 million), compared with 2.7871 billion yuan as of December 31, 2021.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.