Operating revenue,
net 686,478 676,156 704,141 100,339 1,971,343 2,084,997 297,110
------------- ------------- ------------- ------------- ------------- ------------- -------------
Operating costs and
expenses(i)
Operating costs (312,278) (319,101) (340,560) (48,529) (893,401) (990,904) (141,203)
Sales and marketing
expenses (187,685) (157,413) (173,172) (24,677) (565,634) (512,731) (73,064)
General and
administrative
expenses (114,641) (93,978) (110,988) (15,816) (306,436) (293,927) (41,884)
Research and
development
expenses (73,942) (53,300) (52,951) (7,545) (239,254) (162,237) (23,119)
------------- ------------- ------------- ------------- ------------- ------------- -------------
Total operating
costs and expenses (688,546) (623,792) (677,671) (96,567) (2,004,725) (1,959,799) (279,270)
------------- ------------- ------------- ------------- ------------- ------------- -------------
Operating
(loss)/profit (2,068) 52,364 26,470 3,772 (33,382) 125,198 17,840
------------- ------------- ------------- ------------- ------------- ------------- -------------
Other income
Interest income 32,890 37,510 36,005 5,131 101,384 113,319 16,148
Foreign currency
exchange
(loss)/gain (3,734) (444) 7,909 1,127 (2,614) 8,979 1,279
Others, net 7,758 1,300 16,928 2,412 27,750 19,691 2,806
Profit before income
tax 34,846 90,730 87,312 12,442 93,138 267,187 38,073
------------- ------------- ------------- ------------- ------------- ------------- -------------
Income tax
benefit/(expense) 1,479 (7,026) 7,843 1,118 14,609 (7,771) (1,107)
Net profit 36,325 83,704 95,155 13,560 107,747 259,416 36,966
------------- ------------- ------------- ------------- ------------- ------------- -------------
Net (loss)/profit
attributable to
mezzanine equity
classified as
non-controlling
interests
shareholders (417) (4,586) 2,350 335 (417) (2,311) (329)
Net profit
attributable to
ordinary
shareholders 36,742 88,290 92,805 13,225 108,164 261,727 37,295
============= ============= ============= ============= ============= ============= =============
Other comprehensive
income:
Foreign currency
translation
adjustment, net of
tax 8,983 13,497 (83,054) (11,835) 76,803 (44,414) (6,329)
Unrealized loss on
available for sale
investments, net
of tax - - - - (1,551) - -
Total comprehensive
income 45,308 97,201 12,101 1,725 182,999 215,002 30,637
------------- ------------- ------------- ------------- ------------- ------------- -------------
Total comprehensive
(loss)/profit
attributable to
mezzanine equity
classified as non-
controlling
interests
shareholders (417) (4,586) 2,350 335 7,074 (2,311) (329)
Total comprehensive
income attributable
to ordinary
shareholders 45,725 101,787 9,751 1,390 175,925 217,313 30,966
============= ============= ============= ============= ============= ============= =============
Weighted average
number of ordinary
shares used in
computing net
profit per share
Basic 3,719,628,339 3,660,589,600 3,624,431,887 3,624,431,887 3,793,678,209 3,660,415,080 3,660,415,080
Diluted 3,808,529,672 3,734,346,444 3,689,357,838 3,689,357,838 3,921,118,226 3,726,590,324 3,726,590,324
Net profit per
share attributable
to ordinary
shareholders
Basic 0.01 0.02 0.03 0.00 0.03 0.07 0.01
Diluted 0.01 0.02 0.03 0.00 0.03 0.07 0.01
(i) Share-based compensation expenses are
included in the operating costs and expenses as
follows.
For the Three Months Ended For the Nine Months Ended
---------------------------------------------------------- -------------------------------------------
September 30, September 30,
2023 June 30, 2024 September 30, 2024 2023 September 30, 2024
------------- ------------- ---------------------------- ------------- ----------------------------
RMB RMB RMB USD RMB RMB USD
Sales and marketing
expenses (8,944) (1,320) (1,993) (284) (33,361) (5,133) (731)
General and
administrative
expenses (22,060) (16,285) (21,297) (3,035) (66,642) (51,909) (7,397)
Research and
development
expenses (3,758) (2,600) (2,563) (365) (11,078) (8,146) (1,161)
Total (34,762) (20,205) (25,853) (3,684) (111,081) (65,188) (9,289)
============= ============= ============= ============= ============= ============= =============
WATERDROP INC.
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
(All amounts in thousands, unless otherwise noted)
For the Three Months Ended For the Nine Months Ended
------------------------------------ -----------------------------
June
September 30, September 30, September
30, 2023 2024 2024 30, 2023 September 30, 2024
--------- ------- ---------------- --------- ------------------
RMB RMB RMB USD RMB RMB USD
Net profit
attributable to
the Company's
ordinary
shareholders 36,742 88,290 92,805 13,225 108,164 261,727 37,295
--------- ------- ------- ------- --------- ------- ---------
Add:
Share-based
compensation
expense
attributable to
the Company's
ordinary
shareholders 33,810 20,015 25,673 3,658 110,130 64,948 9,255
Foreign currency
exchange
loss/(gain) 3,734 444 (7,909) (1,127) 2,614 (8,979) (1,279)
Impairment of
intangible
assets acquired
from business
combination - - 20,560 2,930 - 20,560 2,930
Tax effects on
non-GAAP
adjustments - - (5,140) (732) - (5,140) (732)
Adjusted net
profit
attributable to
the Company's
ordinary
shareholders 74,286 108,749 125,989 17,954 220,908 333,116 47,469
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View original content:https://www.prnewswire.com/news-releases/waterdrop-inc-announces-third-quarter-2024-unaudited-financial-results-302328817.html
SOURCE Waterdrop Inc.
(END) Dow Jones Newswires
December 11, 2024 05:20 ET (10:20 GMT)