WeRide Inc. (WRD) Form 6-K — Sep 14, 2026
WeRide's unaudited interim results for the six months ended June 30, 2026 showed total revenue of RMB345.9 million (US$51.0 million), up 73.3% year over year, with overseas revenue up 154.4% and gross margin expanding to 36.6% from 30.6%, driven by higher-margin L2++/L3 solutions and overseas L4 business. The company remained deeply loss-making, posting a net loss of RMB789.8 million (US$116.4 million) with negative EBITDA of RMB667.0 million, while aggregate cash fell 24.3% in six months to RMB5.4 billion (US$795.6 million) and short-term bank borrowings rose to RMB485.0 million.
Key figures
- Eps
- -RMB0.79 per ordinary share (US$0.12); -RMB2.37 per ADS (US$0.36)
- Revenue
- RMB345.9 million (US$51.0 million)
- Net Income
- -RMB789.8 million (US$116.4 million) loss for the period
- Total Debt
- RMB485.0 million short-term bank loans
- Revenue Yoy
- +73.3%
- Cash Position
- RMB5,398.5 million (US$795.6 million) aggregate cash, cash equivalents, time deposits, restricted cash and wealth management products
- Interest Rate
- 2.11% to 2.21%
- Ebitda
- -RMB667.0 million, narrowed 6.5% YoY
- Employees
- 4,952 full-time and 533 temporary employees
- Cash decline
- -24.3% from RMB7.1 billion as of December 31, 2025
- Gross margin
- 36.6% (vs 30.6% prior-year period)
- Gross profit
- RMB126.5 million
- R d expenses
- RMB797.7 million
- Gearing ratio
- 18% (up from 12% at December 31, 2025)
- L2 design wins
- over 30 vehicle models
- Global l4 fleet
- approximately 3,400 vehicles including 1,800+ robotaxis as of July 31, 2026
- Operating footprint
- 60+ cities across 13 countries
- Overseas revenue yoy
- +154.4%
- Registered users qoq
- +35%
- Buyback authorization
- US$100 million over 12 months (authorized March 23, 2026)
- Non ifrs adjusted loss
- RMB664.6 million (widened from RMB595.1 million prior year)
- Wrd3 l2 deliveries 2q26
- approximately 30,000 units
- Buyback executed h1 2026
- RMB684.8 million; 13,006,299 shares on Nasdaq and 27,447,800 shares on HKEX
- Middle east robotaxi fleet
- approximately 400 vehicles
- Avg daily rides per vehicle 2q26
- over 21 (+24% QoQ), peak 28
- Domestic ride hailing revenue qoq
- +140%
- Global offering net proceeds unutilized
- HK$2,318.0 million
AI analysis
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