Waterdrop Inc. (NYSE:WDH) Q1 2022 Earnings Conference Call June 15, 2022 8:00 AM ET

Company Participants

Xiaojiao Cui - IR

Shen Peng - Founder, Chairman & CEO

Yang Guang - Co-Founder, Director and General Manager of Insurance Marketplace

Hu Yao - Co-Founder, Director and General Manager of Medical Crowdfunding and Healthcare

Kevin Shi - CFO

Conference Call Participants

Michael Li - Bank of America

Qingqing Mao - CICC

Operator

Good morning, ladies and gentlemen, and thank you for standing by for Waterdrop Inc.'s First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the 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 Cui. Please proceed, Ms. Xiaojiao Cui.

Xiaojiao Cui

Thank you, operator. Hello everyone, thank you for joining Waterdrop’s first 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 Litigation 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 filings with the SEC. The company does not undertake any obligation to update any forward-looking statements, 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 General Manager of Insurance Marketplace; Mr. Hu Yao, Co-Founder, Director and General Manager of Medical Crowdfunding and Healthcare; and Mr. Kevin Shi, our CFO. 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.

Shen Peng

[Foreign Language]

[Interpreted] Hello, everyone. Thank you for joining our first quarter 2022 earnings conference call. Since the beginning of this year, the capital markets have further plunged amid a volatile geopolitical environment and the COVID resurgence. Since last year, both the global capital markets and domestic insurance industry have transformed in profound ways, so we adjusted our pace and promoted a strategic realignment in order to pursue a healthier development.