Waterdrop Inc. (WDH) Q2 2023 Earnings Call Transcript

Waterdrop Inc. (NYSE:WDH) Q2 2023 Results Conference Call September 7, 2023 8:00 AM ET

Company Participants

Shen Peng - Founder, Chairman & Chief Executive Officer
Yang Guang - Co-Founder, Director, SVP and GM of International Business
Zetao Zhu - GM of Crowdfunding and Pharmatech Business
Chen Richard - Board Secretary

Conference Call Participants

Unidentified Company Representative

Good morning everyone. This is [Yee Hui Ching] from Waterdrop Investor Relationships. It's my pleasure to welcome everyone to Waterdrop's Second Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode in our English line. As a reminder, today's conference call is being recorded. Please note that discussion today will contain forward-looking statements made under the safe harbor provision of U.S. Private Securities and the litigation Reform Act of 1995.

Forward-looking statements are subject to risks and uncertainties and may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include but not limited to those outlined in our public filings with the SEC. The Company does not undertake any obligation to update any forward-looking statements, except as required and applicable law.

Also, this call includes a discussion of certain non-GAAP measures. Please refer to our earnings release for reconciliations between non-GAAP and GAAP. Joining us today on the call are Mr. Shen Peng, our Founder, Chairman and CEO; Mr. Yang Guang, Co-Founder, Director, SVP and GM of International Business; Mr. Zhu Zetao, GM of Crowdfunding and Pharmatech Business; Mr. Chen Richard, Board Secretary.

And we will be happy to take some of the questions in the mandarin line at the end of the conference call.

Shen Peng

Hello, everyone. This is Shen Peng. Thank you for joining our second quarter 2023 earnings conference call. With the second quarter, in insurance and pharmaceutical industry with the gradual enforcement of regulation, transparency and acceleration have