AIFU vs WDH
Aifu Inc. and Waterdrop Inc., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | AIFU | WDH |
|---|---|---|
| Revenue | CNY 556.6M | CNY 4.0B |
| Net income | CNY -2.3B | CNY 568.9M |
| Gross margin | — | — |
| Net margin | −411.1% | 14.2% |
| Return on equity | −150.4% | 11.4% |
| Diluted EPS | — | CNY 0.15 |
| Dividend / share | — | — |
| Payout ratio | — | 22.9% |
| Free cash flow | CNY -19.6M | CNY 214.3M |
| Equity | CNY 478.5M | CNY 5.2B |
| Net debt / equity | 0.05× | −0.08× |
| Current ratio | 1.18× | 2.10× |
| Revenue CAGR 5y | −29.8% | 5.6% |
| Profit CAGR 5y | — | — |
WDH bills 7.1× the revenue of AIFU, and AIFU closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
7 years side by side
| Fiscal year | AIFU | WDH |
|---|---|---|
| FY2025 | CNY 556.6M | CNY 4.0B |
| FY2024 | CNY 1.3B | CNY 2.8B |
| FY2023 | CNY 2.8B | CNY 2.6B |
| FY2022 | CNY 2.8B | CNY 2.8B |
| FY2021 | CNY 3.3B | CNY 3.2B |
| FY2020 | CNY 3.3B | CNY 3.0B |
| FY2019 | CNY 3.7B | CNY 1.5B |
Net income by year
Bottom line
| Fiscal year | AIFU | WDH |
|---|---|---|
| FY2025 | CNY -2.3B | CNY 568.9M |
| FY2024 | CNY 455.0M | CNY 367.5M |
| FY2023 | CNY 280.5M | CNY 167.2M |
| FY2022 | CNY 100.3M | CNY 607.7M |
| FY2021 | CNY 251.0M | CNY -1.6B |
| FY2020 | CNY 268.3M | CNY -663.9M |
| FY2019 | CNY 192.6M | CNY -321.5M |
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