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

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! According to CTOnews.com news on June 2, Waterdrop today released its unaudited financial results for the first quarter ended March 31, 2023. According to the data, the net operating income of Shuidi was 606 million yuan, Q1 was 648.7 million yuan in 2022, down 6.5 percent from the same period last year, and the net profit was 49.73 million yuan, making a profit for five consecutive quarters.

In the first quarter, Shuidi Company completed its first-year insurance premium of 1.692 billion yuan, an increase of 6.3% over the previous quarter. As of March 31, 2023, the number of insurance products provided by Shuidi to customers reached 876, and the supply of new products increased by more than 100 in the first quarter. The first-year premium generated by serious illness insurance products accounted for 26.9% of the total premium of Waterdrop Insurance.

As of the end of the first quarter, Shuidi had a cash reserve of 3.5973 billion yuan; since it launched its share buyback program, it has accumulated about 24.9 million shares of ADS from the open market by May 31, spending about US $61.2 million in cash.

In 2022, the annual revenue of Shuidi's digital clinical trial solution was 59.456 million yuan. In the first quarter of 2023, Shuidi further accelerated in this business direction, successfully entering more than 700 new patients and signing more than 70 cooperative clinical trial projects.

In the first quarter, Shuidi's revenue from digital clinical trial solutions was 22.8 million yuan, an increase of 166.5 percent compared with 8.6 million yuan in the first quarter of 2022.

CTOnews.com found from the financial report that in the first quarter of 2023, Shuidi's R & D expenditure was 78.66 million yuan, an increase of 11.1% compared with 70.83 million yuan in the same period in 2022, and R & D investment accounted for 12.98% of operating income.

Shuidi said in the financial report that Shuidi's artificial intelligence dialogue robot, which independently answered insurance voice advice from 2 minutes to more than 10 minutes, with the help of robot "assistants", Shuidi's service team can further improve its service ability.

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.