WeRide-W (00800) rose over 7%, gaining 7.57% to HK$19.46 by the time of writing, with a turnover of HK$8.987 million.
The company recently announced its unaudited financial results for the first quarter of 2026. Total revenue reached RMB 114.1 million, a year-on-year increase of 57.6%. Gross profit was RMB 39.6 million, up 55.9% year-on-year, with a gross margin of 34.7%. Research and development expenses amounted to RMB 363.3 million, an increase of 11.5% compared to the same period last year.
The company stated that its flagship product, the autonomous ride-hailing service, serves as a strong validation of its self-driving technology and plays a core role in its expansion and growth strategy. By April 30, 2026, the company's global fleet of autonomous ride-hailing vehicles reached a new milestone of approximately 1,300 units.
Li Xuan, Chief Financial Officer and Head of International at WeRide, noted that the company's Q1 2026 revenue reached $16.5 million, a 58% increase year-on-year. Revenue from products, benefiting from the expanded sales scale of L4 autonomous vehicles like Robotaxis, surged by 116%. Leveraging an efficient deployment strategy and a focus on high-value mobility markets, the company achieved a gross margin of 35%, continuing to lead the industry. Gross profit grew by 56% year-on-year. While continuing to invest in R&D, the company further narrowed its operating loss.
With the launch of fully driverless Robotaxi commercial operations in Dubai and Abu Dhabi, the commencement of public Robotaxi operations in Singapore, and Slovakia becoming the company's fourth European market, WeRide has fully demonstrated its capability for safe and reliable global deployment across diverse regulatory environments.
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