WinstonWınston
Back
Stock

WeRide Inc. Class A

0800.HK
36
Software - Application · Technology
Price
HK$12.02
-0.15 (-1.23%)
Market Cap
HK$11.86B
Exchange
Hong Kong Stock Exchange
Winston Score
36
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Oct 9, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
4/30
Growth
Strong
15/20
Cash Flow
Weak
0/10
Stability
Good
5/10
Valuation
Data not available
0/10
Ownership
Good
10/15
Dividends
Not counted
n/a

34 of 95 counted points = Winston Score 36. Pillars marked n/a do not apply to this company and are left out of the total.

Track this stock — start free trial

Share count rising — dilution

+14.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 808.3M (2021) → 924.5M (2025)

§Winston Score History

The full picture

WeRide Inc. is a Chinese autonomous driving technology company. It builds self-driving software and hardware systems for vehicles like robotaxis, robobuses, and robosweepers. Its main customers are transportation operators, city governments, and logistics companies across China and a small number of international markets.

WeRide makes money by selling autonomous driving systems, licensing its technology, and charging fees for robotaxi and robobus services it operates directly. The company is headquartered in Guangzhou, China, and has testing operations in countries including the United Arab Emirates and the United States. It holds one of the few permits allowing fully driverless commercial robotaxi operations in China, which gives it a regulatory edge over many rivals. The biggest risk WeRide faces is that autonomous driving technology is still maturing, competition from well-funded rivals like Baidu Apollo and Pony.ai is intense, and the path to large-scale profitability remains uncertain.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+82.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+12.2% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

¥1.4B/ year

↑ Rising (+26% vs prior year)

200.4% of revenue

13.4x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

28.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

¥5.6B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

WeRide Inc. Class A grew revenue 82% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
37.5%
Modest — 37.5% gross margin
Profit after running costs
Operating Margin
-185.3%
Losing money on operations — -185.3%
Return on the money invested
ROCE
-23.1%
Weak — -23.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+67.6%
Fast-growing sales (+67.6% YoY)
Profit growth
EPS YoY
N/A
—
Data not available
How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
N/A
—
Data not available
Spare cash per sale
FCF Margin
-301.3%
Burning cash (-301.3%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.10
Conservative — low debt load (0.10)
Covers its interest
Interest Cover
N/A
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
N/M
—
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial