CCG vs WDH
Cheche Group Inc. and Waterdrop Inc., side by side — 5 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | CCG | WDH |
|---|---|---|
| Revenue | CNY 3.0B | CNY 4.0B |
| Net income | CNY -17.8M | CNY 568.9M |
| Gross margin | 5.3% | — |
| Net margin | −0.6% | 14.2% |
| Return on equity | −5.0% | 11.4% |
| Diluted EPS | −CNY 0.22 | CNY 0.15 |
| Dividend / share | — | — |
| Payout ratio | — | 22.9% |
| Free cash flow | CNY -40.6M | CNY 214.3M |
| Equity | CNY 355.2M | CNY 5.2B |
| Net debt / equity | −0.13× | −0.08× |
| Current ratio | 1.23× | 2.10× |
| Revenue CAGR 5y | — | 5.6% |
| Profit CAGR 5y | — | — |
WDH bills 1.3× the revenue of CCG, and CCG 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
5 years side by side
| Fiscal year | CCG | WDH |
|---|---|---|
| FY2025 | CNY 3.0B | CNY 4.0B |
| FY2024 | CNY 3.5B | CNY 2.8B |
| FY2023 | CNY 3.3B | CNY 2.6B |
| FY2022 | CNY 2.7B | CNY 2.8B |
| FY2021 | CNY 1.7B | CNY 3.2B |
Net income by year
Bottom line
| Fiscal year | CCG | WDH |
|---|---|---|
| FY2025 | CNY -17.8M | CNY 568.9M |
| FY2024 | CNY -61.2M | CNY 367.5M |
| FY2023 | CNY -159.6M | CNY 167.2M |
| FY2022 | CNY -91.0M | CNY 607.7M |
| FY2021 | CNY -146.5M | CNY -1.6B |
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