In the first quarter, the total revenue of WERIDE-W (00800) reached 1.141 billion yuan, a year-on-year increase of 57.6%. The gross profit margin was 35%, which continues to lead the industry.

WERIDE-W (00800) announced its unaudited financial performance for the first quarter of 2026, with a total revenue of 1.141 billion RMB, a year-on-year increase of 57.6%; gross profit was 39.60 million RMB, a year-on-year increase of 55.9%, with a gross profit margin of 34.7%; research and development expenses were 363 million RMB, a year-on-year increase of 11.5%. The announcement stated that the company's flagship product, autonomous driving taxis, is a strong proof of the company's autonomous driving technology, playing a core role in the company's expansion and growth strategy. As of April 30, 2026, the company's global fleet of autonomous driving taxis has reached approximately 1,300 vehicles under New Journey Health Technology Group. WRD 3.0 became the first "four-time champion" in the China Smart Driving Challenge. In April 2026, the company's one-piece end-to-end L2++ ADAS solution, WeRide Driving (WRD 3.0), became the first and only solution in the history of the China Smart Driving Challenge to achieve four consecutive wins, further validating WeRide's leading technological strength in complex urban driving environments. Leveraging WeRide's GENESIS general simulation world model and rich L4-level real road data, WRD 3.0 demonstrated strong systematic scenes, self-optimizing learning, and mass production-level engineering performance under various configurations. This achievement further confirms the maturity, competitiveness, and scalability of WeRide's technology platform, highlighting the transferability of its L4-level autonomous driving capabilities to mass-produced intelligent driving solutions. The company's diversified travel applications continue to open up additional sources of revenue, consolidating its business layout in 12 countries globally. As of April 30, 2026, WeRide's global fleet of autonomous driving vehicles covers autonomous driving taxis, autonomous driving minibusses, autonomous driving freight vehicles, and unmanned driving sanitation vehicles, with a scale expanding to approximately 2,800 vehicles. WeRide founder, chairman, and CEO Han Xu said, "In the first quarter of 2026, WeRide made substantial progress in autonomous driving technology and global layout, with the core DRIVE coming from WeRide GENESIS. Leveraging closed-loop simulation, AI training, and end-to-end model capabilities, GENESIS significantly improves system generalization and iteration efficiency, fully supporting the large-scale deployment of diverse scenes, driving the global operation expansion of Robotaxi and the commercialization of WRD 3.0. Currently, WeRide's Chinese Robotaxi fleet has approximately 1,000 vehicles, with registered users in the first quarter doubling from the same period last year. With the continued strength of AI training infrastructure, WeRide is accelerating the creation of a globally leading autonomous driving platform." WeRide's CFO and Head of International Li Xuan added, "In the first quarter of 2026, the company's revenue reached 16.5 million USD, a year-on-year increase of 58%. Thanks to the expansion of sales scale of Robotaxi and other L4 autonomous driving vehicles, product revenue increased significantly by 116%. With an efficient deployment strategy and a focus on the high-value travel market, the company's gross profit margin reached 35%, continuously leading the industry, with a year-on-year increase in gross profit of 56%, narrowing operating losses while continuing to invest in research and development. With the commercial operation of purely unmanned Robotaxi in Dubai and Abu Dhabi, the launch of Robotaxi in Singapore, and Slovakia becoming our fourth European market, WeRide has fully demonstrated its strength in safe and reliable global deployment in diverse regulatory environments."