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Net (Loss)/Profit Per Share

12 Months Ended

Dec. 31, 2023

Net (Loss)/Profit Per Share

Net (Loss)/Profit Per Share

19.	Net (Loss)/Profit Per Share

Net (loss)/profit per share was computed by dividing net (loss)/profit available to ordinary shareholders by the weighted average number of ordinary shares outstanding:


		Year ended December 31,
		2021		2022		2023
		RMB		RMB		RMB
Basic net (loss)/profit per share calculation
Numerator:
Net (loss)/ profit for the period attributable to Waterdrop Inc.		(1,574,080)		607,717		167,221
Change in redemption value in preferred shares		(152,287)		—		—
Net (loss)/profit attributable to ordinary shareholders for computing basic net (loss)/profit per ordinary shares		(1,726,367)		607,717		167,221
Denominator:
Weighted average ordinary shares outstanding used in computing basic net (loss)/profit per ordinary shares		2,990,507,749		3,921,388,720		3,769,679,736
Net (loss)/profit per ordinary share attributable to ordinary shareholders basic		(0.58)		0.15		0.04


		Year ended December 31,
		2021		2022		2023
		RMB		RMB		RMB
Diluted net (loss)/profit per share calculation
Numerator:
Net (loss)/profit attributable to ordinary shareholders for computing diluted net (loss)/profit per ordinary shares		(1,726,367)		607,717		167,221
Denominator:
Weighted average ordinary shares outstanding used in computing basic net (loss)/profit per ordinary shares		2,990,507,749		3,921,388,720		3,769,679,736
Effect of potentially diluted share options		—		84,176,378		74,855,096
Effect of potentially diluted restricted share units		—		16,902,062		36,326,664
Weighted average ordinary shares outstanding used in computing diluted net (loss)/profit per ordinary shares		2,990,507,749		4,022,467,160		3,880,861,496
Net (loss)/profit per ordinary share attributable to ordinary shareholders diluted		(0.58)		0.15		0.04

The following shares outstanding were excluded from the calculation of diluted net (loss)/profit per ordinary share, as their inclusion would have been anti-dilutive for the periods prescribed.


		Year ended December 31,
		2021		2022		2023
		RMB		RMB		RMB
Shares issuable upon exercise of share options		60,029,916		204,753,909		66,708,248
Shares issuable upon exercise of restricted share units		—		3,622,413		20,141,606
Shares issuable upon vesting of nonvested restricted shares		3,983,115		—		—
Shares issuable upon conversion of Series pre-A convertible preferred shares		82,811,813		—		—
Shares issuable upon conversion of Series A convertible preferred shares		115,015,797		—		—
Shares issuable upon conversion of Series A+ convertible preferred shares		54,222,527		—		—
Shares issuable upon conversion of Series B convertible preferred shares		120,916,087		—		—
Shares issuable upon conversion of Series C convertible preferred shares		186,399,063		—		—
Shares issuable upon conversion of Series C+ convertible preferred shares		58,596,160		—		—
Shares issuable upon conversion of Series C++ convertible preferred shares		41,542,257		—		—
Shares issuable upon conversion of Series D convertible preferred shares		177,632,040		—		—