In 2025, WERIDE-W(00800) achieved a total revenue of 684.6 million yuan, an increase of 89.6% year-on-year.

WERIDE-W (00800) announced that in the fourth quarter of 2025, total revenue was RMB 314 million, an increase of 123.0% year-on-year. Gross profit was RMB 89.5 million, an increase of 74.1%, with a gross profit margin of 28.5%. For the full year of 2025, total revenue was RMB 684.6 million, an increase of 89.6% year-on-year. Gross profit was RMB 206.8 million, an increase of 86.8%. The gross profit margin was 30.2%, slightly lower than 30.7% in 2024, but relatively stable. Research and development expenses were RMB 1.4 billion, up from RMB 1.1 billion in 2024. In 2025, product revenue was RMB 359.8 million, an increase of 310.3%, mainly due to the widespread deployment and scaling of autonomous driving taxis, minibusses, and autonomous sanitation vehicles. Service revenue was RMB 324.7 million, an increase of 18.8%. Revenue from autonomous driving taxis was RMB 148 million (including product and service revenue), a year-on-year increase of 209.6%. During the reporting period, autonomous driving taxis remained a key driver of the company's operational growth, benefiting from the continued commercialization in the Chinese market and expansion in international markets. The company introduced end-to-end learning, large-scale data training, world model simulation, and enhanced algorithm generalization capabilities to advance towards a more data-driven autonomous stack. As of the announcement date, the company's global autonomous driving taxi fleet reached a record high of 1,125 vehicles. Han Xu, founder, chairman, and CEO of WERIDE-W, said, "Our autonomous driving taxi business achieved several important milestones during the reporting period, reflecting the increasing adoption of autonomous driving travel services. In 2025, the number of registered users in China grew significantly quarter by quarter, indicating the continuous recognition of our services by the public. In the international market, we launched a city-wide fully autonomous autonomous driving taxi service in Abu Dhabi, marking an important step towards integrating autonomous driving into daily urban travel. With plans to deploy autonomous driving cars in 12 countries, we are working to build a globally leading autonomous driving travel platform." Li Xuan, CFO and head of international business at WERIDE-W, added, "In 2025, we achieved a revenue record of $979 million, a year-on-year increase of 90%, demonstrating the strong commercial momentum brought by the expansion of autonomous driving car fleets in domestic and foreign markets. The gross profit margin remained stable at 30.2% as we focused on the high-value travel market and improved operational efficiency with rigorous deployment strategies. Operating losses decreased by 15.5% year-on-year, reflecting the continued efficiency improvements driven by our shared autonomous driving platform."