Group 1 - The company, WeRide, is planning a global offering of 88.25 million shares, with 5% allocated for public offering in Hong Kong and 95% for international offering, along with a 15% over-allotment option [1] - The expected net proceeds from the global offering are approximately HKD 2.932 billion, assuming the over-allotment option is not exercised [1] - The allocation of proceeds includes 40% for developing autonomous driving technology stack, 40% for accelerating commercialization of L4 fleet, 10% for establishing marketing teams and branches, and 10% for working capital and general corporate purposes [1] Group 2 - WeRide is a global pioneer in the L4 autonomous driving sector, with its products and solutions deployed in over 30 cities across 11 countries, including China, UAE, Saudi Arabia, Switzerland, France, Singapore, and Japan [2] - The company ranks second globally in revenue generated from L4 and above autonomous driving on urban roads, holding a market share of 21.8% as of 2024 [2] - As of the latest feasible date, WeRide has deployed over 1,500 autonomous vehicles, including 1,108 self-operated vehicles and 415 vehicles in collaboration with third parties [2] - The company reported revenues of approximately CNY 402 million and CNY 361 million for 2023 and 2024 respectively, with gross profits of approximately CNY 183 million and CNY 112 million [2] - In the first half of 2025, the company achieved revenue of approximately CNY 200 million and a gross profit of CNY 61.059 million [2]

Group 1 - The company, WeRide, plans to conduct a global offering of 88.25 million shares from October 28 to November 3, 2025, with a maximum public offering price of HKD 35.0 per share [1] - The expected net proceeds from the global offering are approximately HKD 2.932 billion, with 40% allocated for the development of autonomous driving technology stack and 40% for accelerating the commercialization of L4 fleet [1] - The company will also allocate 10% for establishing marketing teams and branches, and another 10% for working capital and general corporate purposes [1] Group 2 - WeRide is a global pioneer in the L4 autonomous driving sector, with its products and solutions deployed in over 30 cities across 11 countries, including China, UAE, Saudi Arabia, Switzerland, France, Singapore, and Japan [2] - The company ranks second globally in revenue generated from L4 and above autonomous driving on urban roads, holding a market share of 21.8% in 2024 [2] - As of the latest feasible date, WeRide has deployed over 1,500 autonomous vehicles, including 1,108 self-owned vehicles and 415 vehicles in collaboration with third parties, with a focus on markets showing significant long-term potential [2] Group 3 - In 2023 and 2024, the company achieved revenues of approximately HKD 402 million and HKD 361 million, with gross profits of about HKD 183 million and HKD 112 million, respectively [2] - For the first half of 2025, the company reported revenue of approximately HKD 200 million and a gross profit of HKD 61.05 million [2]

格隆汇10月28日丨文远知行-W(00800.HK)发布公告，公司拟全球发售8825万股发售股份，中国香港发 售股份441.25万股，国际发售股份8383.75万股(以上可予重新分配及视乎超额配售权行使与否而定)； 2025年10月28日至11月3日招股，预期定价日为11月4日；公开发售价将不会高于每股发售股份35.0港 元，每手买卖单位为100股，中金公司及摩根士丹利为联席保荐人；预期A类普通股将于2025年11月6日 开始在联交所买卖。 ...

Core Viewpoint - Company 文远知行-W (00800) plans to conduct an initial public offering (IPO) from October 28 to November 3, 2025, aiming to raise capital through the global issuance of 88.25 million shares [1] Summary by Categories IPO Details - The IPO will consist of 88.25 million shares, with 5% allocated for public offering in Hong Kong and 95% for international offering, subject to reallocation [1] - There is an additional 15% over-allotment option available [1] - The maximum public offering price is set at HKD 35.0 per share, with a minimum trading unit of 100 shares [1] - The A-class ordinary shares are expected to commence trading on the Hong Kong Stock Exchange on November 6, 2025, at 9:00 AM [1]

股份代號 : 0800 （於開曼群島註冊成立以不同投票權控制的有限責任公司） 全球發售 聯席保薦人、整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 WeRide Inc. 文遠知行＊ （按字母順序排列） 整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 聯席賬簿管理人及聯席牽頭經辦人 ＊ 僅供識別 重要提示 重要提示：閣下如對本招股章程的任何內容有任何疑問，應獲取獨立專業意見。 WeRide Inc. 文遠知行 * （於開曼群島註冊成立以不同投票權控制的有限責任公司） 全球發售 | 全球發售的發售股份數目 | ： 88,250,000股發售股份 | | --- | --- | | | （視乎超額配售權行使與否而定） | | 香港發售股份數目 | ： 4,412,500股發售股份（可予重新分配） | | 國際發售股份數目 | ： 83,837,500股發售股份（可予重新 | | | 分配及視乎超額配售權行使與否而定） | | 最高公開發售價 | ： 每股發售股份35.0港元，另加1.0% | | | 經紀佣金、0.00015%會財局 | | | 交易徵費、0.0027%證監會交易徵費 | ...

智通财经APP讯，文远知行-W(00800)于2025年10月28日-2025年11月3日招股，拟全球发售8825万股股 份，其中香港公开发售占5%，国际发售占95%(可予重新分配)，另有15%超额配股权。公开发售价将不 会高于每股发售股份35.0港元，每手100股，预计A类普通股将于2025年11月6日(星期四)上午九时正开 始在联交所买卖。 ...

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 除非本公告另有界定，否則本公告所用詞彙與文遠知行（「本公司」）發佈的日期為2025年10月 28日的招股章程（「招股章程」）所界定者具有相同涵義。 本公告僅作參考用途，並不構成任何人士收購、購買或認購本公司任何證券的要約或誘使作出 要約的邀請。本公告並非招股章程。潛在投資者應先閱讀招股章程有關下文所述本公司及全球 發售的詳細資料，方決定是否投資於發售股份。 本公告不會直接或間接於或向美國（包括其領土及屬地、美國任何州及哥倫比亞特區）發佈、刊 發或派發。本公告並不構成或組成於美國或於任何其他司法管轄區購買或認購證券的任何要約 或招攬的一部分。在未根據《1933年美國證券法》（經修訂）（「美國證券法」）登記或獲豁免登記 的情況下，不得在美國發售或出售證券。擬在美國進行的任何證券公開發售將根據招股章程所 載方式進行，而該招股章程可向本公司索取，當中載有有關本 ...

Financial Performance - For the six months ended June 30, 2024, the group reported a profit of approximately RMB 19,100,000, a decrease from RMB 25,100,000 in the same period of 2023, representing a decline of about 24%[1] - Revenue from continuing operations for the same period was approximately RMB 30,200,000, down approximately 19.4% from RMB 37,500,000 in 2023[1] - The gross profit margin for the six months ended June 30, 2024, was approximately 72.4%, a decrease of about 4.7 percentage points from 77.1% in the same period of 2023[1] - The basic earnings per share for the period was RMB 0.69, compared to RMB 0.92 in the same period of 2023[3] - The total comprehensive income for the period was a loss of RMB 5,062,000, compared to a profit of RMB 119,813,000 in the same period of 2023[4] - The net profit from continuing operations before tax for the period was RMB 20,979,000, compared to RMB 21,854,000 in the same period of 2023[2] - The company's total issued share capital increased to 23,545 thousand shares from 23,450 thousand shares, representing a growth of 0.4%[7] - The profit attributable to equity holders of the company for the six months ended June 30, 2024, was approximately RMB 19,100,000, down from RMB 25,300,000 in the same period of 2023[49] Assets and Liabilities - As of June 30, 2024, the company had cash and cash equivalents and high liquidity short-term assets amounting to approximately RMB 723,300,000[1] - As of June 30, 2024, the total non-current assets amounted to RMB 932,302 thousand, a decrease of 4.8% from RMB 979,768 thousand as of December 31, 2023[5] - Current assets totaled RMB 744,000 thousand, reflecting an increase of 4.2% compared to RMB 713,844 thousand in the previous year[5] - The net value of current assets was RMB 695,734 thousand, up from RMB 664,036 thousand, indicating a growth of 4.8%[6] - Total liabilities were RMB 48,266 thousand, a slight decrease from RMB 49,808 thousand, representing a reduction of 3.1%[6] - The company's equity attributable to shareholders was RMB 1,558,258 thousand, down from RMB 1,561,259 thousand, showing a decrease of 0.2%[7] Revenue Segments - The Cultural Industry segment reported revenue of RMB 1,373,000 for the six months ended June 30, 2024, compared to RMB 268,000 for the same period in 2023, reflecting a significant increase[14] - The Property Investment segment generated revenue of RMB 28,847,000 for the six months ended June 30, 2024, down from RMB 37,237,000 in 2023, indicating a decline of approximately 22.6%[14] - The company reported a total of RMB 6,747,000 in property management service revenue for the six months ended June 30, 2024, compared to RMB 7,968,000 in 2023, reflecting a decrease of approximately 15.3%[15] - The total income from customer contracts for the six months ended June 30, 2024, was RMB 8,120,000, compared to RMB 8,236,000 in 2023, indicating a slight decline[15] Operational Strategies - The company is actively adjusting its operational strategies across various business segments in response to changing market conditions[31] - The group continues to explore investments in technology, internet, and new energy sectors to enhance project control and risk management[31] - The group implemented measures to attract and retain tenants, such as offering installment payment plans and adjusting leasing strategies, but the rental rate continued to decline during the reporting period[32] - The group plans to enhance building quality and service quality to mitigate the impact of external economic conditions on rental rates[35] - The group aims to explore the use of AI to enhance management efficiency and reduce management costs[35] Financial Adjustments and Compliance - The company has no impact from the amendments to the International Financial Reporting Standards, as there were no variable lease payments affecting the financial position or performance[11] - The company has reassessed its liabilities as of January 1, 2023, and January 1, 2024, concluding that the classification of liabilities as current or non-current remains unchanged[11] - The company does not have any supplier financing arrangements, thus the amendments to the International Accounting Standards do not affect the interim consolidated financial information[12] - The Audit Committee, composed of three independent non-executive directors, has reviewed the unaudited financial statements for the six months ending June 30, 2024, and found them compliant with applicable accounting standards[75] Future Plans and Investments - The company plans to continue integrating existing businesses while exploring new opportunities to enhance overall effectiveness[59] - The board has decided to reallocate the remaining funds towards investments in technology, internet, and consumer sectors, aligning with national policy directions[60] - The new allocation for technology, internet, and consumer sectors is RMB 200.5 million, with an expected utilization date by December 31, 2028 or earlier[61] Risks and Regulatory Environment - The group faces operational risks related to rental and property management, influenced by market price fluctuations and competition[63] - Regulatory changes in the cultural industry may significantly impact the company's business operations and investment conditions[64] - The company holds cash and cash equivalents valued at approximately HKD 3.2 million and USD 70.8 million, exposing it to foreign exchange risks[67] - The board anticipates that future currency fluctuations will not severely impact the company's operations due to the majority of income and expenses being settled in RMB[67] Corporate Governance - The company has complied with all corporate governance codes except for the separation of roles between the Chairman and CEO, which is currently held by the same individual[73] - The mid-term performance announcement for 2024 will be published on the Hong Kong Stock Exchange website and the company's website[76] - The report will include all data required by the listing rules and will be sent to shareholders at the appropriate time[76]

Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 68.578 million, a decrease of 13.4% compared to RMB 79.151 million in 2022[11]. - Profit before tax from continuing operations was RMB 16.461 million, representing a significant increase of 63.5% from RMB 10.085 million in the previous year[11]. - The profit for the year from continuing operations was RMB 21.844 million, slightly down from RMB 22.007 million in 2022[11]. - For the year ended December 31, 2023, the Group's revenue from continuing operations amounted to approximately RMB 68.6 million, representing a decrease of approximately 13.4% compared to 2022 (RMB 79.2 million) [41]. - The gross profit from continuing operations for the year was approximately RMB 51.0 million, representing a decrease of approximately 16.3% from RMB 60.9 million in 2022, with a gross margin of 74.3% compared to 76.9% in 2022[52]. - Other income and gains, net from continuing operations increased significantly by approximately 135.4% to RMB 39.8 million, up from RMB 16.9 million in 2022[53]. - Profit attributable to equity holders of the Company for the year was approximately RMB 24.4 million, compared to RMB 13.2 million in 2022[71]. - The Group recorded an annual profit of approximately RMB 2,500,000 from the sale of 51% equity in Blueowlgames and Shanghai Muqiqi, completing the transaction in 2023[74]. Revenue Sources - Revenue from rental and property management services in 2023 amounted to approximately RMB 68.2 million, a decrease of 12% compared to the previous year[21]. - The revenue from the property investment business, derived from rentals and management fees, was approximately RMB 68.2 million, reflecting a decrease of approximately 12.0% compared to 2022 (RMB 77.5 million) [42]. - The cultural business revenue significantly decreased by approximately 76.0% to approximately RMB 0.4 million compared to 2022 (RMB 1.7 million), primarily due to reduced revenue from music-based entertainment [43]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 1,693.612 million, an increase from RMB 1,664.126 million in 2022[14]. - Total liabilities decreased to RMB 132.353 million from RMB 152.180 million in 2022, indicating improved financial stability[14]. - As of December 31, 2023, the Group's cash and cash equivalents amounted to approximately RMB 697.7 million, an increase from RMB 628.8 million in 2022[72]. - The Group's financial assets at fair value through profit or loss (FVPL) increased to approximately RMB 251,900,000 as of December 31, 2023, up from RMB 92,900,000 in 2022, marking a significant increase of 170.5%[82]. - Financial assets at fair value through other comprehensive income (FVOCI) rose to approximately RMB 117,400,000 as of December 31, 2023, compared to RMB 103,600,000 in 2022, indicating a growth of 13.4%[89]. Operational Challenges - The Group's occupancy rate continued to decline steadily during the reporting period, reflecting challenges in the leasing industry[21]. - The occupancy rate of A8 Music Building continued to decline, with rental and property management service income for 2023 approximately RMB 68.2 million, down 12% year-on-year [24]. - The Group's business performance may be impacted by regulatory changes in the cultural industry and competition dynamics[119]. Strategic Focus - The Group is focusing on enhancing service quality and controlling costs in response to the changing market environment[19]. - The Group is strengthening its research on companies and markets in technology, internet, and new energy sectors to identify investment opportunities[19]. - The Group plans to continue developing its industrial park and cultural industry businesses while exploring AI to enhance management effectiveness and reduce costs [37]. - The Group's strategy for 2024 includes improving building quality and service in response to external economic impacts, while seeking innovations in online literature and mini-series production [37]. Governance and Management - The Group's management is committed to ensuring the safety of its funds by periodically assessing its main banking relationships[130]. - The Group has a diverse board with members possessing significant experience in auditing, business advisory, and corporate management[154]. - The Group's independent non-executive Directors have been appointed to ensure compliance and governance standards are met[154]. - The Board of Directors is committed to presenting accurate and timely financial information to stakeholders[165]. Employee and Operational Metrics - The total employee costs amounted to approximately RMB 9.6 million, representing a decrease of approximately 25.1% compared to RMB 12.8 million in 2022[113]. - The Group's average headcount decreased to 17 in 2023 from 37 in 2022[113]. - The Group's employee remuneration is determined based on various factors, including responsibilities and experience, and includes a share option scheme to promote long-term growth[114]. Investments and Financial Strategy - The Group's investment strategy includes consolidating existing businesses while seeking new opportunities to enhance overall operations[111]. - The Group will continue to hold U.S. Treasury ETFs due to their low-risk nature, with an investment amount of RMB 126.310 million as of December 31, 2023[111]. - The Board resolved to reallocate the remaining proceeds for investment in technology, internet, and big consumption sectors, aligning with national policy directions[102]. Risk Management - The Group is monitoring liquidity risks due to concerns raised by the liquidity and solvency issues of banks, including Silicon Valley Bank, as of March 2023[130]. - The Group expects that currency fluctuations will not severely impact its operations, as most revenues and expenses are settled in RMB[131]. - The Group will maintain a cautious approach to track macroeconomic and geopolitical changes that may affect its business performance[129].

Financial Performance - For the fiscal year ending December 31, 2023, the group's profit was approximately RMB 24,400,000, compared to RMB 14,000,000 in 2022, indicating a significant increase[4] - Revenue from continuing operations for 2023 was approximately RMB 68,600,000, a decrease of about 13.4% from RMB 79,200,000 in 2022[4] - The overall gross profit margin for continuing operations in 2023 was approximately 74.3%, down by about 2.6 percentage points from 76.9% in 2022[4] - For the fiscal year ending December 31, 2023, the company reported total revenue of RMB 68,578,000, a decrease of 13.4% from RMB 79,151,000 in 2022[23] - The gross profit for the same period was RMB 50,955,000, down from RMB 60,896,000, reflecting a decline of 16.3%[23] - The net profit attributable to the company's equity holders was RMB 24,390,000, compared to RMB 13,957,000 in the previous year, indicating a significant increase[23] - The company recorded other comprehensive income of RMB 13,854,000, a substantial recovery from a loss of RMB 46,982,000 in 2022[20] - The operating expenses decreased slightly to RMB 22,692,000 from RMB 23,622,000, showing a reduction of 3.9%[23] - The company’s income tax expense was RMB 5,383,000, down from RMB 11,922,000, reflecting a decrease of 54.9%[23] - The company reported a significant increase in other income and gains, netting RMB 39,786,000 compared to RMB 16,901,000 in the previous year[23] Cash and Assets - As of December 31, 2023, cash and cash equivalents, along with highly liquid short-term assets, amounted to approximately RMB 697,700,000, reflecting a strong financial position[4] - The company’s total assets as of December 31, 2023, were RMB 4,678,000, a decrease from RMB 5,251,000 in 2022[27] - As of December 31, 2023, the company reported cash and cash equivalents of RMB 480 million[69] - The company’s total liabilities related to assets held for sale amounted to RMB 4,670 million[69] - The company’s total assets classified as held for sale were RMB 552 million as of December 31, 2023[69] - The fair value of financial assets measured at fair value through profit or loss totaled RMB 251,868,000, representing a significant increase of over 100% from RMB 92,878,000 in the previous year[171] Employee and Operational Changes - The average number of employees decreased to 17 in 2023 from 37 in 2022, with total employee costs, including director remuneration, amounting to approximately RMB 9,600,000, a reduction of about 25.1% from RMB 12,800,000 in 2022[11] - The group has implemented various measures to attract and retain tenants, such as offering installment payment plans and adjusting recruitment strategies[10] - The company plans to continue optimizing processes, controlling costs, and saving expenses to enhance investment returns[122] - The company aims to strengthen support and management for invested enterprises to achieve greater development and better investment returns[122] Investments and Business Strategy - The group is actively exploring investments and business opportunities in technology, internet, and new energy sectors, aiming to enhance project control and risk management[6] - The company is focusing on the development of its online literature business while seeking innovation and breakthroughs, particularly increasing investment in micro-dramas[129] - The company has introduced AI-assisted animation production, launching its first virtual human animation short film in 2023[126] - The company is exploring the use of AI to enhance management efficiency and reduce management costs[136] - The company has a pending arbitration case against the founder of Blue Blue Blue Blue Vision, claiming RMB 200,423,550.37 for share repurchase and interest[190] Corporate Governance - The company maintains a strong commitment to corporate governance, emphasizing high-quality board composition and robust internal controls[106] - The chairman and CEO positions are held by the same individual, Liu Xiaosong, which deviates from corporate governance guidelines but is believed to enhance decision-making for the company[107] - The audit committee consists of three independent non-executive directors, ensuring oversight of the financial reporting process and internal control systems[111] - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website, ensuring transparency for shareholders[112] Market and Economic Conditions - The company is maintaining a cautious approach to monitor macroeconomic and geopolitical risks that could impact its business environment[188] - The group will continue to monitor foreign exchange risks as part of its business development strategy[195] - The board anticipates that future currency fluctuations will not severely impact the group's business operations due to the majority of income and expenses being settled in RMB[195] Segment Performance - The cultural industry segment primarily engages in music and film production within the People's Republic of China[57] - The property investment segment focuses on leasing and property management in the People's Republic of China[57] - The group reported a segment loss of RMB 14,293 thousand in the cultural industry segment[59] - For the year ended December 31, 2023, revenue from continuing operations in the cultural industry was approximately RMB 400,000, a significant decrease of about 76.0% compared to RMB 1,700,000 in 2022[138] - The cost of the cultural industry for the year ended December 31, 2023, was approximately RMB 1,200,000, a decrease of about 28.7% from RMB 1,700,000 in 2022[140] Taxation and Compliance - The group did not generate any taxable profits in Hong Kong this year, resulting in no provision for Hong Kong profits tax[39] - The group’s total tax expense for the year was RMB (5,383) million, down from RMB (11,922) million, indicating a reduction of approximately 54.9%[41] - The group has implemented the amendments to International Accounting Standard No. 12, which introduced mandatory temporary exemptions related to deferred tax recognition and disclosure[51] Future Outlook - The company will continue to review the use of unutilized fundraising proceeds and adjust plans as necessary to respond to changing market conditions[183] - The company is actively seeking new business opportunities to complement existing operations and enhance overall performance[179]