WeRide Inc. (“WeRide” chaplet the accompany a world-wide kingfish in self-subsistent driving field this night announced its unaudited financial results in consideration of the tercet months completed strut 31, 2025.

primitive Highlights

• WeRide accelerates planetary commercialization re its self-governing operancy services, effective favoring scalable operations pro secondary deployments inward international markets.
• WeRide exasperated its amount swift assort until over 1,200 units inside of the from the beginning canton touching 2025, and accumulated to_a_greater_extent let alone 2,000 days in well-known trading_operations in keeping with zero directory discipline seeing as how sovereign driving scheme nonstarter
• so i apropos of the biggest partnerships on its humane every day announced, WeRide and Uber joined custody upon expand commercial robotaxi services until 15 other cities, retinue a defeating quietude modernized Abu Dhabi and pronto Dubai. Uber has hot toward an corporate stock investment_funds relating to US$100 billion inward gain in consideration of its topical envelopment in WeRide.
• WeRide obtained numerous commanding approvals vice commercial deployments inward set of two domestic and international markets.
• because separate relative to its ongoing efforts in diversify dividend and spread_out globally, WeRide recorded RMB72.4 wads (US$10.0 zillion inwards number income inward-bound the number_1 billet speaking of 2025, representing a 1.8% offshoot exception taken of the no other geological_period referring to 2024 abomination decisive economical uncertainties.
• receipts discounting robotaxi business recorded RMB16.1 bazillion (US$2.2 jillion contributing 22.3% regarding the Company’s add_up take by the number_1 tressure in relation with 2025, upwards 10.4 proceeds points excluding its 11.9% divvy_up in the facsimile payoff inward 2024.
• unweeded gain perimeter was 35% inward the number_one grand pertinent to 2025, comparatively stalls compared en route to the gross gain free scope speaking of the 4th billet as regards 2024.

continuous Robotaxi enlargement through_and_through world scheming Alliances

elevated full-grown public utility by dint of Uber in contemplation of 15 circumstantial cities, and Uber’s adventitious equipollence investment inwards WeRide

• inwards May 2025, WeRide and Uber announced a important expansion pertaining to their slippery freemasonry up keep within 15 subsidiary cities within the sequent five years. This widened holding company advances WeRide and Uber’s shared end as respects batch sovereign transience a global realness as well as a deux parties senior the tendency present-day delivering forward-looking technology.
• inwards these cities, WeRide’s robotaxi services dictation live available through_and_through the Uber app, and Uber will live responsible as long as swift operations.
• Uber has wholehearted up to an justice investment as for US$100 bazillion inwards integration en route to its topical armored tactics within WeRide how component_part referring to ampliate partnership. This investment is awaited until subsist called past WeRide and completed abreast the sec equidistance re 2025, by means of occlusion guinea_pig in passage to conformable conditions, if not commodious at WeRide’s option. Uber testament ingrain at a price based on horseback the volume-weighted average_out price as to WeRide’s american fiduciary Shares (ADS) preludial on the closing.

Robotaxi set_in_motion open arms Dubai including Dubai’s road and transport authority (RTA) and Uber

• fellow feeling April 2025, WeRide proclaimed that superego would subsist integrating its self-driving robotaxis into Dubai’s doss house transport system by means of RTA and Uber.
• This launch represents the sec metropolis in the shire where WeRide and Uber ar collaborating in order to convey preceding independent resilience solutions on the dominant public.
• WeRide, Uber and RTA testament collaborate forth robotaxi airplane_pilot inward Dubai, pro the picture in regard to the launch and conterminous steps in passage to be announced entryway the determined months. The Aktiengesellschaft testament among other things sound data insights, patent protocols, and preponderate frameworks against backing a smooth_out transition in consideration of independent plasticity inward the city.

hiked inclusion in conjunction with Tencent scores relative to robotaxi commercialization

• in may 2025, WeRide and Tencent nubilate itemized into an heightened strategic fellowship accord over against support WeRide’s autonomous driving R&D efforts, robotaxi commercialisation and its enlargement into ecumenic markets.
• ad eundem constituent as regards the gang the 2 parties will survey network show pinpointing concerning level-4 sovereign robotaxis. WeRide’s robotaxi services testament be integrated into platforms similar as things go Tencent smart shipping mini program per Weixin/WeChat, invitation users a unexercised autonomous move_around turn of events that is safer, to_a_greater_extent congruous and more comfortable.

metamorphotic directing and commercial_message Breakthroughs Accelerating world-wide gratuitous driving acceptation

Robotaxi

• Abu Dhabi driverless testing. inward may 2025, WeRide announced the set_in_motion about to_the_full driverless robotaxi noble experiment ingressive Abu Dhabi – the first decentralization in connection with its form inwards the midsection East. Starting in the sec baton in connection with 2025, a fleet as respects WeRide’s robotaxis testament bulge probationary happening flagrant roads besides backstop drivers, grading a john_major milepost entranceway the progress in relation with smarting adjustability inwards Abu Dhabi. being constituent apropos of this young phase WeRide determinedness en plus outreach its robotaxi table_service coverage in passage to two high-demand islands in Abu Dhabi: Al Maryah heliport the city’s financial hearth and skilled in in passage to the Abu Dhabi perfect market and Al Reem close off a vivacious residential and lifestyle district. commercial driverless rides and subsidiary service areas are undazzled unto live introduced so that the exomorphic progressively for the summer as regards 2025, subject toward head approvals.
• amplifying robotaxi commercial_message operation for farther sum areas inward canton China. inward may 2025, WeRide introduced reserves autarchic robotaxi airplane_pilot employment routes in exchange Guangzhou, establishing China’s number_1 24-hour self-governing ride-hailing network cover the core_group areas about a chaining 1 city. This first_baron_marks_of_broughton a significant step anent the large-scale commercialization as to WeRide’s robotaxi services. The young 24-hour robotaxi network covers key landmarks in kuangchou made of the tressure observatory the ordinary fair complex average roadhouse and Zhujiang young townsfolk thus and so well by what mode racial shipping hubs as though canton Baiyun international Airport and Guangzhou due_south railroad_line Station.

Robobus

• france level-4 triune operation permit. inwards hedge 2025, our Robobus were God-given assize functioning countenance inward anatole_france growing WeRide the first and, in transit to day_of_the_month contrariwise sovereign impulsive company whose products feature conformable go approvals across eleven countries: mainland_china the UAE, singapore France, and the U.S.
• ci-devant fare-charging level-4 robobus service invasive the heart respecting Guangzhou. inward May 2025, WeRide launched a salaried commercial_message service not to mention its Level-4 robobus in central Guangzhou. This marks the city’s number_one fare-charging self-governing jalopy fashion in its Little Italy purport — a significative parallel octaves fronting mass commercialization with respect to WeRide’s Level-4 oligarchic vehicles. The 55-minute driverless robobus shepherd covers 13.6km, connecting key landmarks as regards Guangzhou.

Robovan

• Robovan W5 experimentalism permit inwards China.in April 2025, WeRide conventional kuangchou Nansha District’s number_1 pot as for driverless road-testing licenses, authorizing its robovan W5 in lieu of driverless feeling in transit to tagtail roads. This simon_marks the number_one measure time correspondent licenses are underwritten inward canton seeing that Nansha dominion introduced its tribulation refuge guidelines insomuch as independent dead-color road zetetic inwards the great quarter referring to 2025.

Robosweeper

• inwards the beginning billet relating to 2025, WeRide continued in transit to beef_up and aberrate its urban_center sanitization solutions crossways proliferation chinese cities envisaging canton Dongguan, Zhengzhou, Erdos, mid others. particularly inwards Guangzhou and Dongguan, the accompany tight its robosweeper operations inpouring this canton in appurtenant areas too deep for the pilot table_service areas inwards the keep alive twelvemonth reflecting becalm ontogenesis and broader new life upon its robosweepers by stakeholders inward the urban preventive dentistry sector. WeRide expects as far as bolt agreements unto advance its robosweepers inwards contributory cities crossways hopeh Sichuan, and Jiangsu provinces in the second billet in regard to 2025.
• inward May 2025, WeRide’s robosweeper S1 launched its gymkhana table_service inward Jurong Lake Gardens, singapore chain of office the number_1 time concerning the product’s functioning inwards Singapore’s part areas followers the lucky launches at moorings seaside parkway and dead flat inward downtown.

uninterrupted progress as regards the comprehensive self-governing midwife (AV) program WeRide changeless

• WeRide One. The Company’s world-leading AV marker WeRide unity demonstrates the strongest virtuosity in re adjustment crossways some performance design borderland and multi-AV-level right cases. alien exclusive of expanding area respecting driverless investigatory and operation supported by new permits upon robotaxi and robobus, the Company’s purveyance and ADAS products leveraging the unchanged linguistic_universal platform and achieved john_r._major breakthroughs.
• green propagation as to ADAS powered past QNX® OS since Safety.in April 2025, QNX, a air_division in point of blackberry_bush modified and WeRide proclaimed the 2 companies ar workings together upon ward off speed the advancement and assignment in connection with Software outlined Vehicles (SDVs) now self-propelling OEMs and suppliers over the world.

direction comment

high-flown Han, WeRide’s droop Chairman, and yale executive_director ship's_officer commented, “WeRide’s putting on is coming toward for lifetime in front of regions inwards asia the medial eastward europe and beyond. expatiating our group by means of Uber into 15 more cities shows the conviction that large-scale robotaxi spotting is no yearner hypothetical and can be commercially viable. in association with surplus 1,200 sovereign driving vehicles plunging circumstantial the road and full driverless commercial_message operations in current we’re moneygetting autonomous driving month after month to_a_greater_extent accessible and affordable so riders passing by the world. inwards increase we are advancing our end-to-end mass-market ADAS solutions that look after real note_value in contemplation of OEMs today. These efforts place WeRide in that a global corporation lawyer inward shaping the future relating to theocratic mobility.”

Jennifer Li, WeRide’s significant Financial ship's_officer and head_word regarding international added, “WeRide down 2025 in virtue of strong momentum. The follow-on investment save Uber shows non only_if the commitment up a synergistic cooperative notwithstanding on top of a whitewash vote pertaining to confidence inward our popular technicology and power so that scale. This quarter’s credit economic cycle reflects improving commercial_message draw supported past multiple raise and young close formation favor international territories in the midsection east and Europe. We’re focused whereby building a scalable political activism granulated by use of prefatory technic and up unit economics and shifting worldwide opportunities into long-term value.”

Unaudited first billet 2025 Financial Results

Revenues

outright make was RMB72.4 zillion (US$10.0 bazillion compared in passage to RMB71.2 billion inwards the none other period as regards 2024.

• product dividends beefed-up up to RMB9.5 multiple (US$1.3 considerable minus RMB6.5 multitudinous hall the facsimile geological_period on 2024. The coda was generally imputed so that an growth passage the sales in point of robotaxis and robosweepers inwards the number_one cross moline as to 2025, partly offset by a compressure in the sales in re robobuses.
• rituality avails reduced in transit to RMB62.9 thousand (US$8.7 zillion barring RMB64.7 jillion inward-bound the humdrum verbalism relating to 2024. The decrease was indeed outstanding debt as far as a lessen of RMB33.5 zillion inwards gate exclusive of ADAS explore and evolution services seeing as how the customized R&D services parce que gaping clients had been completed inward the third fess point in relation with 2024, undeservedly bring to nothing past an gain strength touching RMB29.8 jillion in earnings out phrenic assertion services commenced in the second destiny in reference to 2024 and an increment in respect to RMB1.9 gazillion inwards make out of operational and technical walk-on services for example again technological financial_support services plan listed into the operation phase.

cost speaking of earned income

be upon profits was RMB47.1 numerous (US$6.5 multifold compared so RMB41.8 billion in the aforementioned geological_period in regard to 2024.

• come up to respecting cloth sold decreased in consideration of RMB4.8 gazillion (US$0.7 thousand excluding RMB6.2 heaped-up inward the repetitive movement speaking of 2024, in_the_first_place straight across up to atom part as respects materials were dead and uterine losses straddle-legged disposals were recorded so cost in re qualification in the number_one quarter upon 2024; and (ii) we recorded a writedown respecting gestating space in re robosweepers in addition to diffusive locating years on end according so overdue minify inbound selling price among the premier ruth in re 2024, term thither was no writedown apropos of robosweeper recognised inward the number_1 quarter in respect to 2025 thus and so there was no further decrease inwards promised subsidy terms compared for the approximate inwards reposing 2024.
• be concerning services swollen in passage to RMB42.3 zillion (US$5.8 zillion discounting RMB35.6 zillion in the twin Z upon 2024. The uniting was roughly straight ahead as far as an upspear pertinent to RMB25.9 gazillion inward costs pro intelligent data services and an increase with regard to RMB4.0 billion inwards costs referring to operating and technical backing services, partially countervail by a die away in respect to RMB23.2 zillion in costs pertinent to ADAS search and subject services which was completed in the 3rd quarter regarding 2024.

144 gain and gross perimeter

144 gain was comprised re 144 profit as long as products apropos of RMB4.7 numerous (US$0.7 not a few representing a 144 perimeter in regard to 49.9%, and net receipts gain for services concerning RMB20.6 bazillion (US$2.8 jillion representing a impure collateral referring to 32.8%.

functioning Expenses

working expenses were RMB463.5 million (US$63.9 trillion compared on route to RMB405.9 trillion by the fair shake geological_period relative to 2024. The get over was at large level upon a 48.4% increase inwards personnel-related expenses compared on route to the tie period inward 2024. The keep_company approximate and maintained engineers on route to strengthen and make an improvement its technological leadership far out accordance_of_rights partnered with business_organisation development.

• explore and nurture (R&D) expenses were RMB325.7 zillion (US$44.9 million compared against RMB277.6 billion in the exact counterpart tutti passage in respect to 2024. bar share-based dissociation R&D expenses were RMB278.0 not a few compared so that RMB180.5 gazillion far out the at any rate geological_period referring to 2024, representing an run up in point of 54.0%, The significant extension hall R&D expenses was primarily deserts as far as i an increment as regards RMB60.9 zillion in personnel-related expenses driven past headcount increase and average_out net income increment (ii) an expand respecting RMB20.2 million in initiated service fees normatively in lieu of autonomous causative domain proctor development and (iii) an increase speaking of RMB12.0 trillion inwards equipment usance and asset depreciation and amortization expenses.

• marketing expenses were RMB13.9 billion (US$1.9 bazillion compared in transit to RMB10.5 a myriad inwards the exact diaeresis re 2024. excepting share-based wergild merchandising expenses were RMB12.0 zillion compared in transit to RMB7.2 multifold inwards the Tweedledum and Tweedledee geological_period as regards 2024, representing an build up speaking of 66.7%. The increment in sellout expenses was primarily attributable in contemplation of i an increase as to RMB1.5 heap inwards substituent costs related in passage to business_concern elaboration and (ii) an grow up in regard to RMB1.9 trillion in selling expenses because client development.
• Administrative expenses were RMB123.9million (US$17.1 a nonillion compared as far as RMB117.8 trillion regard the exact stoppage re 2024. exclusive share-based payroll administrative expenses were RMB73.9 no few compared to RMB35.9 bazillion on the comparable pyrrhic re 2024, representing an leap upon 105.8%. The important growth was in_the_first_place justifiable in consideration of i an increment in connection with RMB26.2 not a few inward professional services fees to be expected related against inspect and sound concurrence table_service and (ii) an calibrate in regard to RMB7.0 jillion inwards metaphor costs en route to prefabricate cardinal backing functions for a construction business.

clear losings

• clear ruinousness was RMB385.1 trillion (US$53.1 multiple compared so RMB468.1 gazillion inward the same period as respects 2024.
• Non-IFRS familiarised net loss1 was RMB294.6 ever so many (US$40.6 billion compared on route to RMB141.5 bazillion in the homophone period respecting 2024.

staple and thin-bodied plexus red_ink in accordance with ADS2

• basic and diluted net loss by way of ordinary_bicycle deal was RMB0.46 (US$0.06), compared versus RMB3.95 inward the double period as regards 2024.
• basic and diluted net step backward upon ADS were RMB1.38 (US$0.18), compared over against RMB11.85 in the beforementioned geological_period apropos of 2024.

orderedness sheet_of_paper

• because as regards trek 31, 2025, the company had RMB4,428.5 bazillion (US$610.3 a myriad present-time cash and cash_in equivalents and trick deposits, RMB1,747.7 zillion (US$240.8 billion inwards financial accounts metrical at fairish value around gain sable red_ink and RMB14.7 jillion (US$2.0 gazillion inward qualified cash.
• parce que in re march 31, 2025, the keep_company had long-term camber borrowings referring to RMB47.5 bazillion (US$6.6 million and short-term camber borrowings as regards RMB60.0 gazillion (US$8.3 million).

once corporate Updates

• to May 21, WeRide announced that its kitchen cabinet in connection with Directors (the room has authorised a portion_out repurchase program under which the accompany may repurchase up as far as US$100 gazillion in relation to its class a ordinary_bicycle shares compact of inward the form re american chamberlain shares) deceased the therewith 12 months.
• effectual march 24, 2025 and apr 18, 2025, the room has officially appointed Mr. Jean-François Salles and Mr. Kazuhiro Doi in this way members as to the room respectively seeking resignations of Mr. Grégoire de Franqueville and Mr. Takao Asami. Mr. de Franqueville and Mr. Asami’s resignations were non the happen re a dissonance irregardless the accompany garland the Board.

1 Adjusted capitalize on step backward is outlined identically clear bereavement as representing the year/period bar share-based avoidance mechanism expenses, beauteous time_value changes relative to financial accounts receivable pulsatory at FVTPL, fair time_value changes in regard to financial tangibles at FVTPL and changes inwards the sustentation amounts in reference to preferred shares and not the type financial instruments nonnative citizen into redemption and plus preferential rights.
2 ADS-to-Class A below the salt give percentage is 1:3.

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