WeRide (WRD, Financial) experienced a notable stock price increase of 6.16%, reaching $15.68 per share, with a trading volume of 118,657 shares. The stock exhibited a turnover rate of 0.04% and a price fluctuation amplitude of 9.50%.
Recent financial reports show WeRide generated $20.83 million in revenue, but faced a net loss of $122 million, resulting in an earnings per share (EPS) of -$1.15. The gross profit stood at $7.59 million, and the price-to-earnings (P/E) ratio was calculated at -0.14. Currently, no institutional ratings such as buy, hold, or sell are available for WeRide.
The automotive manufacturing sector, in which WeRide operates, saw an overall decline of 0.69%. Within this sector, stocks like Srivaru Holding Limited, Nwtn Inc, and Lotus Technology showed significant gains. Meanwhile, Phoenix Motor Inc., Faraday Future, and Mullen Automotive exhibited high trading activity, with turnover rates of 51.94%, 18.72%, and 16.19% respectively.
WeRide is known for specializing in autonomous driving technology, offering products and services ranging from Level 2 to Level 4 autonomous vehicles. Their lineup includes robotaxis, robobuses, robovans, and robosweepers, with revenue primarily generated from China.
In a significant development, WeRide established a new smart technology company in Beijing, named Beijing WeRide Intelligent Technology Co., Ltd., with a registered capital of 1 billion RMB. This new venture focuses on enterprise management consulting, IT consulting services, software outsourcing, computer system services, AI foundational software development, and data processing services. The company is wholly owned by WeRide's affiliate, WeRide HongKong Limited, as per the latest business registration information.
