WeRide Inc.(US:WRD) 车中旭霞·2025-12-11 15:03Core Viewpoint - The company, WeRide, has achieved significant revenue growth and accelerated the commercialization of its L4 autonomous driving products, with a 144% year-on-year increase in revenue for Q3 2025, reaching 171 million yuan [3][10]. Financial Performance - In Q3 2025, the company reported revenue of 171 million yuan, a year-on-year increase of 144.2% and a quarter-on-quarter increase of 34.4%. The net profit was -307 million yuan, an improvement from -1.043 billion yuan in Q3 2024 and -406 million yuan in Q2 2025. The adjusted net profit was -276 million yuan [3][10]. - The product business revenue for Q3 2025 was 79.2 million yuan, up 428.0% year-on-year, driven by increased sales of Robotaxi and Robobus. The service business revenue was 91.8 million yuan, a 66.9% increase, mainly due to growth in smart data services and autonomous driving-related operational and technical support services [11][10]. - The company's gross margin for Q3 2025 was 32.9%, up 26.4 percentage points year-on-year, while the net margin was -179.7% [5][14]. Business Segments - The company operates in two main business segments: product business (24.3% of 2024 revenue) and service business (75.7% of 2024 revenue). The product business includes sales of autonomous vehicles like Robotaxi, Robobus, and related sensor kits, while the service business encompasses operational and technical support services, ADAS development services, and smart data services [22][21]. Commercialization Progress - WeRide is accelerating the commercialization of its L4 products. As of November 20, 2025, the company received a pure unmanned license for its Robotaxi from the Swiss Federal Roads Office, making it the only technology company with autonomous driving licenses in eight countries, including Switzerland, China, UAE, Saudi Arabia, Singapore, France, Belgium, and the USA [7][26]. - In Guangzhou, over 300 Robotaxi vehicles have been deployed, achieving up to 25 rides per vehicle per day. The company has also launched Robotaxi services in Abu Dhabi in collaboration with Uber, with plans to expand the fleet to thousands of vehicles by 2030 [31][34]. Technological Advancements - The company has made significant technological breakthroughs, including the successful launch of an end-to-end L2+ level assisted driving solution, which is expected to be mass-produced by the end of 2025. This solution has been integrated into various vehicle models from GAC Group [52][55]. Market Expansion - WeRide has expanded its operations to multiple international markets, including the launch of Robotaxi services in Riyadh, Saudi Arabia, and the initiation of autonomous bus services in various cities across China and the UAE [38][49].