WDH vs XHG
Waterdrop Inc. and XChange Tec.inc, side by side — 6 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | WDH | XHG |
|---|---|---|
| Revenue | ¥4.0B | ¥365.3M |
| Net income | ¥568.9M | ¥-748.4M |
| Gross margin | — | 2.2% |
| Net margin | 14.3% | −204.9% |
| Return on equity | 11.4% | — |
| Diluted EPS | — | — |
| Dividend / share | — | — |
| Payout ratio | 22.9% | — |
| Free cash flow | ¥214.3M | ¥-109.7M |
| Equity | ¥5.2B | ¥-880.1M |
| Net debt / equity | −0.08× | — |
| Current ratio | 2.10× | 0.04× |
| Revenue CAGR 5y | 5.6% | −19.9% |
| Profit CAGR 5y | — | — |
WDH bills 10.9× the revenue of XHG, and XHG 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.
Advertisement
AdSense · Leaderboard 728×90 · responsive
Revenue by year
6 years side by side
| Fiscal year | WDH | XHG |
|---|---|---|
| FY2025 | ¥4.0B | ¥365.3M |
| FY2024 | ¥2.8B | ¥288.4M |
| FY2022 | ¥2.8B | ¥565.8M |
| FY2021 | ¥3.2B | ¥939.2M |
| FY2020 | ¥3.0B | ¥1.1B |
| FY2019 | ¥1.5B | ¥1.1B |
Net income by year
Bottom line
| Fiscal year | WDH | XHG |
|---|---|---|
| FY2025 | ¥568.9M | ¥-748.4M |
| FY2024 | ¥367.5M | ¥-226.8M |
| FY2022 | ¥607.7M | ¥820.0M |
| FY2021 | ¥-1.6B | ¥-569.2M |
| FY2020 | ¥-663.9M | ¥-1.5B |
| FY2019 | ¥-321.5M | ¥-498.2M |
Advertisement
AdSense · Rectangle 336×280
More in this industry