It tells you 95.2 per cent of the integrated area came off a wide-pore C18 column where mazdutide comes off, and the remaining 4.8 per cent did not. That is an area statement at one wavelength, not a mass statement about the vial: 4.8 per cent of area is only 4.8 per cent of mass if every impurity absorbs exactly as strongly as the parent, which none of them do. It also says nothing about how many milligrams are in the glass — water, counter-ion and a short fill are all invisible to it. What a wide-pore C18 column does add is a constraint on what could be hiding: a column that retains by hydrophobicity separates deletion sequences well and separates isomers of identical hydrophobicity not at all.
Worth being precise here: gradient design is usually described as though it is a minor technical detail rather than the primary determinant of what the method measures.
Acetonitrile is the organic modifier of choice because it has a good UV cutoff, a reasonable viscosity and a refractive index that minimises baseline noise.
Sample preparation is almost always under-appreciated — a reconstituted peptide in strong solvent will distort its own peak on the gradient.
Peptide impurities from solid-phase synthesis include deletion sequences, truncations from premature cleavage, racemised residues from epimerisation and oxidised variants, each of which may have different chromatographic behaviour.
The practical summary: specify the method, run the same method on every sample you compare, and use orthogonal techniques to confirm the result.