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- **Global Leadership**: First city-level driverless robotaxi in Abu Dhabi (UAE), with 1,600+ L4 vehicles across 11 countries. 
- **Revenue Surge**: Q3 2025 revenue up 144% to RMB 171 million, robotaxi revenue +761% to RMB 35 million.
- **Profitability Path**: Abu Dhabi model targets 25+ trips/day by 2026, with breakeven at 12 orders/day.
- **Dual Tech Flywheel**: L4 robotaxi and L2++ ADAS data sharing via Genesis platform, powering 25+ trips/day in China.
- **European Expansion**: Launch driverless in Switzerland (H1 2026), expand to 6+ European countries via Uber/ Renault partnerships.
- **Cash Strength**: RMB 4.5 billion liquidity for global deployment and R&D.


**【CEO Summary Section】**
- Secured world's first city-level fully driverless robotaxi permit in Abu Dhabi, UAE, with commercial service launched through Uber, covering 50% of the city core area. 
- Fleet expansion to over 1,600 L4 vehicles across 11 countries and 30+ cities, including 300 in Guangzhou and 100 in Beijing.
- Achieved 25 daily trips per vehicle in Guangzhou and 23 in Beijing, with utilization rates targeting 25+ trips/day by end-2026.
- Expanded into Belgium (robobus) and Switzerland (driverless license), becoming the only company with permits in 8 countries.
- Introduced PU/DO feature for flexible pickup/drop-off, improving user experience and operational efficiency.
- Launched WePilot 3.0 ADAS system in collaboration with Chery and Bosch, comparable to Tesla's FSD, and secured ADAS contracts with GAC.
- Global strategy emphasizes dual flywheel of L4 robotaxi and L2++ ADAS data sharing, supported by Genesis simulation platform.

**【CFO Financial Commentary】**
- Q3 2025 revenue: RMB 171 million (YoY +144%), driven by 428% product revenue growth (robotaxi/robobus sales) and 67% service revenue growth.
- Robotaxi revenue: RMB 35 million (21% of total), up 761% YoY, with Abu Dhabi model enabling breakeven at 12 orders/day.
- Gross profit: RMB 56 million (33% margin), up 1,124% YoY, reflecting operational efficiency.
- Operating expenses: RMB 436 million (-51% YoY), with R&D at 73% of total expenses.
- Net loss: RMB 307 million (-71% YoY), narrowing due to cost control and fleet expansion.
- Cash reserves: RMB 4.5 billion, supporting global deployment and R&D.

**【Q&A Highlights】**
- **Revenue Model**: 3 streams in international markets (ride share, licensing, vehicle sales). Abu Dhabi robotaxi generates RMB 30,000-60,000/year per vehicle via 30-70% ride share.
- **Expansion Strategy**: Replicate Abu Dhabi model in Dubai (2026), Riyadh, Singapore (via Grab), and Europe. Target 500+ vehicles in Middle East by 2026, 10,000+ by 2030.
- **Competitive Advantage**: Dual flywheel of L4 and L2++ data, Genesis simulation platform, and 9-year AI/robotaxi expertise vs. OEMs' L2++ to L4 challenges.
- **Europe Plan**: Launch driverless in Switzerland (H1 2026), expand to France, Belgium, Germany, Spain, and Norway via partnerships with Uber, Renault, SBB.
- **China Focus**: Maintain 300+ robotaxi in Guangzhou, 100+ in Beijing, targeting 25+ trips/day with 24/7 service. Leverage domestic scale for global tech iteration.
- **Share Repurchase**: No purchases under authorized RMB 100 million program due to IPO restrictions; EGM approval pending.


WeRide Inc. (WRD) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

WRD

WRD fundamentals

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