WeRide (WRD) financial statements
WeRide reported revenue of 361M CNY in fiscal 2024, down 17.3% a year over 2 years.
Net income was -2.5B CNY and the operating margin -605.1%, against -147.7% in 2022.
Free cash flow was -679M CNY.
Revenue and free cash flow
Fiscal years, $ billions (CNY).
Income statement
Fiscal years, in CNY, from WeRide's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 528M CNY | 402M CNY | 361M CNY |
| Cost of revenue | 295M CNY | 218M CNY | 250M CNY |
| Gross profit | 233M CNY | 183M CNY | 111M CNY |
| Research and development | 759M CNY | 1.1B CNY | 1.1B CNY |
| Selling, general and admin | 261M CNY | 667M CNY | 1.2B CNY |
| Operating income | -779M CNY | -1.6B CNY | -2.2B CNY |
| Interest expense | 4M CNY | 3M CNY | 3M CNY |
| Pre-tax income | -1.3B CNY | -1.9B CNY | -2.5B CNY |
| Income tax | 0 CNY | 3M CNY | 6M CNY |
| Net income | -1.3B CNY | -1.9B CNY | -2.5B CNY |
| EPS (diluted) | -11.08 CNY | -16.86 CNY | -8.54 CNY |
| Gross margin | 44.1% | 45.7% | 30.7% |
| Operating margin | -147.7% | -389.8% | -605.1% |
| Net margin | -246.1% | -485.0% | -696.9% |
Balance sheet
Fiscal years, in CNY, from WeRide's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and short-term investments | 2.2B CNY | 1.7B CNY | 4.3B CNY |
| Receivables | — | 267M CNY | 253M CNY |
| Inventory | — | 218M CNY | 205M CNY |
| Total current assets | — | 5.4B CNY | 7.3B CNY |
| Property, plant and equipment | — | 99M CNY | 178M CNY |
| Goodwill | — | 45M CNY | 45M CNY |
| Total assets | — | 5.6B CNY | 7.7B CNY |
| Total current liabilities | — | 8.6B CNY | 542M CNY |
| Long-term debt | — | 0 CNY | 50M CNY |
| Total liabilities | — | 8.7B CNY | 628M CNY |
| Shareholders' equity | -2.1B CNY | -3.1B CNY | 7.1B CNY |
| Net debt | -2.2B CNY | -1.7B CNY | -4.2B CNY |
Cash flow
Fiscal years, in CNY, from WeRide's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating cash flow | -670M CNY | -475M CNY | -594M CNY |
| Capital spending | 83M CNY | 37M CNY | 86M CNY |
| Free cash flow | -753M CNY | -512M CNY | -679M CNY |
| Net borrowing | — | — | 80M CNY |
| Free cash flow margin | -142.8% | -127.4% | -188.0% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for WRD.
Open WRD in InvestinglyQuestions
What was WeRide's revenue in 2024?
361M CNY in fiscal 2024, from its 10-K filing.
How much free cash flow does WeRide generate?
-679M CNY in fiscal 2024 (operating cash flow minus capital spending).
From WeRide's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.