WeRide Inc. (WRD)

Nasdaq: WRD · Services-Computer Integrated Systems Design · filing with the SEC since 2023

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Grade4.6

◀ Past 4.9● Present 3.6▶ Future 5.4

3 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of WeRide Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.6/10

◀ Past4.940% of the headline

● Present3.635% of the headline

▶ Future5.425% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

8.2/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 33% of this tense · 82nd percentile among 45 sector filers · read for itself

From the record

WeRide Inc.'s filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

1.9/10

What has it actually done, year after year?

-17.3% a year over 3 filed years; profitable in 0 of 3.

weight 45% of this tense · 19th percentile among 38 sector filers · read for its customers

From the record

WeRide Inc.'s 3 filed years say what it did: revenue went from CNY 528 million in fiscal 2022 to CNY 361 million in fiscal 2024, down 17.3% a year; it rose in 0 of 2 years; the deepest fall was 32% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

revenue growth over the filed span-17.3%bottom 15% of its family
the share of years revenue rosebottom 5% of its family
the share of filed years with a profitbottom 17% of its family
the deepest fall from a revenue peak31.5%bottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

6.3/10

How has it treated the people who own it?

SI estimate 6.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 29 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 29 members with one.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: family median, 29 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: WeRide Inc.'s shareholder treatment is put at 6.3 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 29 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.6/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.8/10

Is it financially healthy right now?

ROE -36%: lost 36¢ per shareholder dollar. Leverage 8%: owes 8¢ per asset dollar.

weight 33% of this tense · 49th percentile among 41 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, WeRide Inc. lost about 36 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 8 cents per dollar of assets (the filed statements).

What it rests on

what it owes per dollar of assetstop 8% of its family
return on equitybottom 35% of its family
gross profit against assetsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

1.9/10

How strong is its position in its industry?

bottom 19% of 40 in its family; net margin -696.9%.

weight 45% of this tense · 19th percentile among 40 sector filers · read for its customers

From the record

WeRide Inc.'s standing among 40 graded names in its industry family: revenue of CNY 361 million in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of -696.9% ranks in the bottom 14%; revenue growth of -17.3% a year over the last 2 filed years ranks in the bottom 24% (its annual reports).

What it rests on

net margin-696.9%bottom 14% of its family
three-year revenue growth-17.3%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.2/10

What are the people in charge doing?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 29 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 29 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 29 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: WeRide Inc.'s leadership is put at 5.2 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 29 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.4/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed

6.1/10

How much room does it have to grow?

top 39% of 39 in its family for room to expand.

weight 22% of this tense · 61st percentile among 39 sector filers · read for itself

From the record

WeRide Inc.'s room to grow, from the newest filed statements (fiscal 2024): cash of CNY 4.3 billion against debt of CNY 80 million leaves 54.4% of its assets as net cash, top 6% of its family; cash from operations less capital spending is -187.6% of revenue (bottom 24%); a gross margin of 30.7% (bottom 41%); research spending of 302.2% of revenue (top 15%) (its annual report).

What it rests on

cash less debt against assets54.4%top 6% of its family
cash from operations less capital spending against revenue-187.6%bottom 24% of its family
gross margin30.7%bottom 41% of its family
research spending against revenue302.2%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

5.3/10

What could actually drive growth from here?

top 48% of 38 in its family for growth drivers.

weight 45% of this tense · 52nd percentile among 38 sector filers · read for its customers

From the record

WeRide Inc.'s growth drivers, from the filed years to fiscal 2024: revenue grew -17.3% a year over the last three filed years against -17.3% over all 3, speeding up (top 42% of its family); the newest year grew -10.1% (bottom 15%); research spending grew 19.9% a year (top 17%); capital spending grew 2% a year (top 46%) (its annual reports). WeRide Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yeartop 42% of its family
the newest year's revenue growth-10.1%bottom 15% of its family
three-year growth of research spending19.9%top 17% of its family
three-year growth of capital spending2.0%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

5.0/10

Did its newest year beat what its own record pointed to?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 32 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 32 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 32 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: WeRide Inc.'s expectations vs reality is put at 5.0 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 32 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WRD · research, not advice