WDH vs ZBAO
Waterdrop Inc. and Zhibao Technology Inc., side by side — 5 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | WDH | ZBAO |
|---|---|---|
| Revenue | ¥4.0B | ¥276.9M |
| Net income | ¥568.9M | ¥-62.0M |
| Gross margin | — | 41.0% |
| Net margin | 14.3% | −22.4% |
| Return on equity | 11.4% | −139.9% |
| Diluted EPS | — | — |
| Dividend / share | — | — |
| Payout ratio | 22.9% | — |
| Free cash flow | ¥214.3M | ¥-4.1M |
| Equity | ¥5.2B | ¥24.7M |
| Net debt / equity | −0.08× | 0.47× |
| Current ratio | 2.10× | 1.00× |
| Revenue CAGR 5y | 5.6% | — |
| Profit CAGR 5y | — | — |
WDH bills 14.4× the revenue of ZBAO, and ZBAO 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.
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Revenue by year
5 years side by side
| Fiscal year | WDH | ZBAO |
|---|---|---|
| FY2024 | ¥2.8B | ¥276.9M |
| FY2023 | ¥2.6B | ¥183.7M |
| FY2022 | ¥2.8B | ¥142.1M |
| FY2021 | ¥3.2B | ¥108.2M |
| FY2020 | ¥3.0B | ¥6,000 |
Net income by year
Bottom line
| Fiscal year | WDH | ZBAO |
|---|---|---|
| FY2024 | ¥367.5M | ¥-62.0M |
| FY2023 | ¥167.2M | ¥13.3M |
| FY2022 | ¥607.7M | ¥-43.1M |
| FY2021 | ¥-1.6B | ¥14.3M |
| FY2020 | ¥-663.9M | — |
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