CMSC: First coverage of WERIDE-W (00800) with a "buy" rating. The global Robotaxi industry has reached a turning point.

13:43 29/12/2025

Guotai Junan Securities believes that with the acceleration of overseas commercialization and the expansion of the fleet scale, it is expected that the company's revenue will achieve high-speed growth.

CMSC has released a research report stating that WERIDE-W (00800) is a technological pioneer and commercial leader in the global L4 autonomous driving field. With the global Robotaxi industry at a turning point, the company is expected to expand its competitive advantage through its overseas commercialization, comprehensive product portfolio, and technology and hardware reserves, and has been given a "hold" rating for the first time. CMSC believes that with the acceleration of overseas commercialization and the expansion of fleet size, the company's revenue is expected to achieve rapid growth. It is forecasted that the revenue for fiscal years 2025 to 2027 will be 550 million yuan, 950 million yuan, and 2.01 billion yuan respectively, with year-on-year growth rates of 52.7%, 72.1%, and 112%. The company is optimistic about its positioning and growth potential in the robotaxi industry.

HK Stock Market Move | CHI KINGSTONE (01380) rose by over 35% at the closing bell, as the company is currently proceeding with its potential acquisition plan of a gold mine in Chile.

Zhongjin: It is expected that the supply of aluminum will be low before rising next year, with overall incremental growth remaining limited.

HK Stock Market Move | IFBH(06603) rose nearly 6% in the final trading session, with the lock-up period for cornerstone investors set to expire in six months.

HK Stock Market Move | CHI KINGSTONE (01380) rose by over 35% at the closing bell, as the company is currently proceeding with its potential acquisition plan of a gold mine in Chile.

Zhongjin: It is expected that the supply of aluminum will be low before rising next year, with overall incremental growth remaining limited.

HK Stock Market Move | IFBH(06603) rose nearly 6% in the final trading session, with the lock-up period for cornerstone investors set to expire in six months.