XML 70 R49.htm IDEA: XBRL DOCUMENT
v3.25.1

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Share Based Compensation Expense Recognized Related To Share Options Granted And Ordinary Shares | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB | ​ | RMB
Sales and marketing expenses | ​ | 16,120 | ​ | 35,352 | ​ | 6,825
General and administrative expenses | ​ | 80,448 | ​ | 85,335 | ​ | 69,245
Research and development expenses | ​ | 15,458 | ​ | 13,182 | ​ | 10,802
​ | ​ | 112,026 | ​ | 133,869 | ​ | 86,872
Summary of Company's Share Options | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Weighted |  | Weighted |  | ​
​ | ​ | ​ | ​ | Weighted | ​ | Average | ​ | Average | ​ | ​
​ | ​ | ​ | ​ | Average | ​ | remaining | ​ | Grant- | ​ | Aggregate
​ | ​ | Number of | ​ | Exercise | ​ | contractual | ​ | date Fair | ​ | Intrinsic
​ | ​ | Options | ​ | Price | ​ | life | ​ | Value | ​ | Value
​ |  | ​ |  | RMB |  | RMB |  | RMB |  | RMB
Outstanding as of December 31, 2021 | ​ | 247,008,342 | ​ | 0.29 | ​ | 7.94 | ​ | 2.10 | ​ | 543,248
Granted |  | 800,000 | ​ | 0.54 | ​ | — | ​ | 0.70 | ​ | —
Exercised |  | (27,750,770) | ​ | 0.39 | ​ | — | ​ | 1.20 | ​ | —
Forfeited |  | (30,645,015) | ​ | 0.31 | ​ | — | ​ | 3.52 | ​ | —
Outstanding as of December 31, 2022 | ​ | 189,412,557 | ​ | 0.28 | ​ | 6.95 | ​ | 2.14 | ​ | 452,543
Granted | ​ | 281,250 | ​ | 0.57 | ​ | — | ​ | 0.57 | ​ | —
Exercised | ​ | (72,294,940) | ​ | 0.14 | ​ | — | ​ | 1.52 | ​ | —
Forfeited | ​ | (11,127,905) | ​ | 0.46 | ​ | — | ​ | 4.11 | ​ | —
Outstanding as of December 31, 2023 |  | 106,270,962 | ​ | 0.36 | ​ | 6.19 | ​ | 2.56 | ​ | 276,835
Exercised |  | (16,036,480) | ​ | 0.47 | ​ | — | ​ | 2.53 | ​ | —
Forfeited |  | (3,312,540) | ​ | 0.57 | ​ | — | ​ | 4.18 | ​ | —
Outstanding as of December 31, 2024 |  | 86,921,942 | ​ | 0.37 | ​ | 5.19 | ​ | 2.55 | ​ | 226,780
Exercisable as of December 31, 2024 |  | 79,366,900 | ​ | 0.35 | ​ | 5.09 | ​ | 2.29 | ​ | 186,936
Summary of Estimated Fair Value of Share Options | ​
​ | ​ | ​ | ​ | ​
​ |  | Year Ended |
​ | ​ | December 31 | ​
​ | ​ | 2023 | ​
Risk free rate of interest |  | ​ | 2.55%‑2.94 | %
Volatility |  | ​ | 28 | %
Dividend yield |  | ​ | — |
Exercise multiples |  | ​ | 2.2 |
Life of options (years) |  | ​ | 10 |
Fair value of underlying ordinary shares | ​ | $ | 0.11~$0.29 | ​
2018 Plan |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of the Restricted Share Units | ​
​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted Average
​ | ​ | ​ | ​ | Grant-date
​ | ​ | Number of RSUs | ​ | Fair Value
​ |  | ​ |  | RMB
As of January 1, 2022 |  | — |  | —
Granted |  | 112,336,970 |  | 0.83
Vested |  | (10,141,620) |  | 0.74
Forfeited or cancelled |  | (425,000) |  | 0.75
As of December 31, 2022 | ​ | 101,770,350 |  | 0.84
Granted | ​ | 69,910,980 | ​ | 1.41
Vested | ​ | (22,617,630) | ​ | 0.91
Forfeited or cancelled | ​ | (44,548,350) | ​ | 0.94
Unvested as of December 31, 2023 | ​ | 104,515,350 | ​ | 1.22
Granted | ​ | 22,140,000 | ​ | 0.78
Vested | ​ | (30,681,250) | ​ | 1.14
Forfeited or cancelled | ​ | (23,152,890) | ​ | 1.44
Unvested as of December 31, 2024 |  | 72,821,210 |  | 1.08
2021 Plan |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of the Restricted Share Units | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted Average
​ | ​ | ​ | ​ | Grant-date
​ |  | Number of RSUs |  | Fair Value
​ | ​ | ​ | ​ | RMB
As of January 1, 2024 | ​ | — | ​ | —
Granted | ​ | 48,636,040 | ​ | 0.83
Vested |  | — |  | —
Forfeited or cancelled |  | (2,000,000) |  | 0.84
Unvested as of December 31, 2024 |  | 46,636,040 |  | 0.83
Employee Stock Option |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Company's Share Options | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Weighted |  | Weighted |  |
​ | ​ | ​ | ​ | Weighted | ​ | Average | ​ | Average | ​ | ​
​ | ​ | ​ | ​ | Average | ​ | remaining | ​ | Grant- | ​ | Aggregate
​ | ​ | Number of | ​ | Exercise | ​ | contractual | ​ | date Fair | ​ | Intrinsic
​ | ​ | Options | ​ | Price | ​ | life | ​ | Value | ​ | Value
​ | ​ | ​ |  | RMB |  | RMB |  | RMB |  | RMB
Outstanding as of the acquisition date |  | 450,246 | ​ | 15.90 | ​ | 7.68 | ​ | 24.81 | ​ | 7,162
Forfeited |  | (19,438) | ​ | 23.57 | ​ | — | ​ | 21.41 | ​ | —
Outstanding as of December 31, 2023 |  | 430,808 | ​ | 15.55 | ​ | 7.69 | ​ | 24.96 | ​ | 6,921
Forfeited |  | (91,563) | ​ | 15.48 | ​ | — | ​ | 28.84 | ​ | —
Outstanding as of December 31, 2024 |  | 339,245 | ​ | 16.01 | ​ | 6.54 | ​ | 23.91 | ​ | 5,266
Exercisable as of December 31, 2024 |  | 291,402 | ​ | 16.21 | ​ | 6.37 | ​ | 22.63 | ​ | 3,848
Summary of Estimated Fair Value of Share Options | ​
​ | ​ | ​ | ​
​ |  | Year Ended December 31 |
​ | ​ | 2023 |
Risk free rate of interest |  | 2.64%-3.01 | %
Volatility |  | 29.8%-44.2 | %
Dividend yield |  | — | ​
Exercise multiples |  | 2.2-2.8 | ​
Life of options (years) |  | 10 | ​
Fair value of underlying ordinary shares |  | 13.37~36.29 | ​

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(v) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PlanNameAxis=wdh_TwoThousandEighteenShareIncentivePlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=wdh_TwoThousandTwentyOneShareIncentivePlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |