WERIDE-W (00800.HK): H1 Revenue Up 73.3% to RMB 345.9 Million, Overseas Revenue Up 154.4%

NewTimeSpace News: On 12 August 2026, WeRide Inc. (stock code: 00800) announced its interim results for the six months ended 30 June 2026. Total revenue for the reporting period reached RMB 345.9 million, up 73.3% year on year; overseas revenue grew 154.4% year on year; gross profit was RMB 126.5 million, with gross margin improving from 30.6% in the same period of 2025 to 36.6%; and EBITDA was negative RMB 667.0 million, narrowing by 6.5% year on year.

In terms of operations, as of 31 July 2026, the Group's global L4 fleet comprised approximately 3,400 vehicles, of which the robotaxi fleet exceeded 1,800 vehicles. Overseas expansion continued: the Group announced with Uber a pilot programme for Spain's first commercial robotaxi service in Madrid (the fourth global joint deployment and its first entry into Europe); it is advancing robotaxi services with Uber in the Greater Zurich area of Switzerland (the fifth global and second European joint deployment); it entered its sixth European market and made its first Nordic entry through a strategic partnership with GreenMobility; it launched public operations with Grab in Punggol, Singapore; and its Middle East robotaxi fleet stood at approximately 400 vehicles, with overall services covering over 70% of core urban areas. In China, average daily orders per vehicle exceeded 21 in the second quarter of 2026, up 24% quarter on quarter, with a peak of 28 completed orders per vehicle per day, while domestic ride-hailing revenue grew approximately 140% quarter on quarter and registered users rose 35% quarter on quarter; the fully driverless robotaxi service area in Guangzhou tripled versus the end of 2025, covering Huangpu, Tianhe and Haizhu districts with 24/7 commercial operations.

Other business lines also progressed: the L2++/L3 solution WRD 3.0 shipped approximately 30,000 units in the second quarter of 2026, with over 30 vehicle models securing mass-production design wins for L2++; autonomous minibus services in Zurich began operating without front-row safety operators (a first in Europe) and, together with Renault Group, provided shuttle services at the Roland Garros French Open for the third consecutive year; and as of the date of the announcement, autonomous driving operations had expanded to over 60 cities in 13 countries globally. On the technology front, the self-developed world model WeRide GENESIS compresses millions of kilometres of road testing into days while reducing data collection and annotation costs by over 75%; the physical AI foundation model WeRide WITT saves up to 98% of token costs on comparable tasks, enabling a single GPU to process up to 10,000 minutes of vehicle operation video per day with up to 200x data processing efficiency. In June 2026, the Group announced the joint development with Farizon and Kwoon Chung Bus Holdings of robotaxis designed for right-hand-drive markets, with commercial services to first launch in Singapore and Hong Kong.

On the financials, operating expenses for the reporting period were RMB 1,001.6 million, of which R&D expenses were RMB 797.7 million; loss for the period was RMB 789.8 million, narrowing 0.2% year on year; non-IFRS adjusted loss was RMB 664.6 million; and basic and diluted loss per ordinary share was RMB 0.79. As of 30 June 2026, the Group held RMB 5,398.5 million in aggregate of cash and cash equivalents, time deposits, wealth management investments and restricted cash, with short-term bank borrowings of RMB 485.0 million. The Board does not recommend the payment of any interim dividend. During the reporting period, the Company repurchased 27,447,800 Class A ordinary shares on the Stock Exchange (aggregate consideration of HKD 542.98 million) and 4,335,433 American Depositary Shares on Nasdaq (aggregate consideration of USD 30.02 million).

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