Waterdrop Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 606.17 million compared to CNY 648.69 million a year ago. Net income was CNY 49.73 million compared to CNY 104.96 million a year ago.

Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.3 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to CNY 0.3 a year ago.