Guoyuan International: Maintaining Waterdrop Company (WDH.US) Purchase Rating AI Technology Boosts Rapid Growth

Zhitong Finance learned that after Shuidi (WDH.US) released its results for the third quarter of 2025, Guoyuan International released a research report stating that it will maintain Shuidi's purchase rating and target price is 2.30 US dollars. According to the research report, all key indicators of Shuidi's overall finance in the third quarter of 2025 exceeded expectations, which not only benefited from the steady expansion of core business, but also demonstrated remarkable results brought about by refined operations and technical empowerment. Looking ahead, it is expected that Shuidi will continue to follow a technology-driven path to achieve high-quality growth, thus increasing the company's total profit for the full year of 2025 to 543 million yuan.

Shuidi achieved outstanding financial performance in the third quarter of 2025, achieving net operating income of 975 million yuan, a sharp increase of 38.4% over the previous year; net profit to mother reached 158 million yuan, an increase of 60.1% year on year, and profitability continued to increase. Among them, the insurance industry, as the company's cornerstone business, achieved revenue of 870 million yuan, an increase of 44.8% over the previous year.

Shuidi's moat in the field of Internet insurance technology continues to deepen. In particular, the application of AI technology is a key catalyst for premium growth. For example, the company's “AI Health Insurance Expert” service contributed to an 82% increase in premiums, which proved that the company's use of AI technology has achieved significant results in improving sales conversion rates and customer service experiences.

According to the research report, the company's revenue and profit growth rate increased this quarter, which not only benefited from the steady expansion of core business, but also highlighted the remarkable results brought about by the company's refined operation and technical empowerment. AI technology is the key to a significant increase in Shuidi's operating profit margin this quarter. Financial reports show that operating expenses as a share of revenue fell 8.3 percentage points year on year to 39.6%, and insurance business operating profit increased 44.0% year on year. Behind the increase in data is a reflection of AI improving quality and efficiency. For example, the large-scale application of AI customer service “Bao Xiaohui” greatly improved user service efficiency and experience; with the assistance of AI quality inspection assistants, quarterly quality inspection labor efficiency increased 2.4 times that of the pure manual model.

According to the research report, as AI models and AI agent technology become more mature, their potential to improve operational efficiency, innovate products and services, and optimize user experience will be more fully tapped. In the future, Shuidi is also actively exploring AI agents with multi-modal interaction capabilities, with the aim of enabling them to independently handle more complex insurance consulting and service tasks, which is expected to raise human efficiency to a new level.

Shen Peng, founder and CEO of Shuidi Company, said, “In the third quarter, AI technology was the core driving force for improving business quality and efficiency, driving the company's revenue and profit to achieve rapid double-digit growth. Looking forward to the future, we will continue to seize the opportunities brought by technological evolution, promote the deep integration and application innovation of AI capabilities throughout the business chain, and inject continuous momentum into the company's high-quality development. Based on this, we will strive to achieve the long-term value of user peace of mind, win-win partnership, and shareholders' trust!”