Waterdrop Inc.

Good morning, ladies and gentlemen, and thank you for standing by for WaterDrop Inc's second quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a Q&A session. As a reminder, today's conference call is being recorded. I would now like to turn the meeting over to your host for today's call, Ms. Xiaojiao Kui. Please proceed, Ms. Kui.

Thank you all. Hello, everyone. Thank you for joining WaterDrop's second quarter 2022 earnings conference call. Please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities and the Dedication Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but are not limited to those outlined in our public findings with ICC. The company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Also, this call includes discussion of certain non-GAAP measures. Please refer to our earnings release for a reconciliation 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, and VP. Mr. Hu Yao, co-founder, director, and VP. Mr. Ran Wei, our partner. Mr. Zhu Zetao, partner and general manager of medical crowdfunding and patient services. We will be available for a Q&A session after the remarks. Now, I would like to turn the call over to our CEO, Mr. Shen Peng. Please go ahead.

Hello, everyone. Thank you for attending the Q&A session of 2022. Even if the unconfirmed factors are taken down, the epidemic will always be unpredictable. The epidemic is repeated, like the lack of people's attention, early insurance needs to be expanded, delaying the expansion of the number of people, and then the general uncertainty. But if we stick to the principles and principles, that is, we have a client-centered, everyone does a good job, and we insist on continuing to create value for ordinary people. We are actively engaging in market change, and we have a chance in the change. In this season, The strategic adjustment of the topic and the effect of the project will be improved. The project will develop in a continuous and good way. The profit level will rise again. The revenue will be 8.1% compared to the previous one. The profit will be maintained by the government in three consecutive seasons. On the basis of the government's profit in two consecutive seasons, the profit will be 20.7 billion yuan. Continue to adjust the market schedule. Although there may be some institutional fluctuations, only the insurance industry is able to contribute at the moment, but these results mean that we have entered a relatively stable positive energy stage. In the second half of the year, we will make appropriate investments in new businesses. Under the current market trend at the bottom, we are determined to look after China and its large health industry, and we are determined to take a high-quality and sustainable path, and we are determined to find confidence, Hello, everyone.