Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data WeRide Inc. files with the SEC in its annual reports.
In CNY millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2024
FY2024
Revenue
528
402
361
Cost of revenue
295
218
250
Gross profit
233
183
111
Research and development
759
1,058
1,091
Selling and marketing
23.6
41.4
53.6
General and administrative
237
625
1,139
Operating income
-779
-1,566
-2,185
Interest expense
4.2
3.49
3.45
Pre-tax income
-1,298
-1,946
-2,511
Income tax
0
2.87
5.87
Net income
-1,298
-1,949
-2,517
EBITDA
-693
-1,477
-2,084
EPS, basic
-11.08
-16.86
-8.54
EPS, diluted
-11.08
-16.86
-8.54
Balance sheet
FY2022
FY2024
FY2024
Cash and equivalents
2,234
1,661
4,268
Receivables
267
253
Inventory
218
205
Total current assets
5,370
7,288
Property, plant and equipment
98.6
178
Lease right-of-use assets
51.7
73.6
Goodwill
44.8
44.8
Intangible assets
24.6
21.7
Total assets
5,614
7,694
Short-term debt
0
30
Total current liabilities
8,591
542
Lease liabilities
22.3
26.1
Total liabilities
8,666
628
Total debt
0
80.1
Paid-in capital
1,104
12,751
Retained earnings
-6,115
-8,631
Total equity
-2,082
-3,052
7,066
Total liabilities and equity
5,614
7,694
Cash flow statement
FY2022
FY2024
FY2024
Net income
-1,298
-1,949
-2,517
Depreciation and amortization
86.6
89.6
101
Cash from operations
-670
-475
-594
Capital expenditures
-80.8
-36.7
-84
Cash from investing
-2,202
-547
326
Cash from financing
2,185
447
2,824
Exchange rate effect
196
2.34
51.4
Free cash flow
-751
-512
-678
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Gross margin
30.7%
Gross profit / revenue.
Operating margin
-605.1%
Operating income / revenue.
EBITDA margin
-577.1%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-695.3%
Pre-tax income / revenue.
Net margin
-696.9%
Net income / revenue.
FCF margin
-187.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-164.4%
Cash from operations / revenue.
Return on assets (ROA)
-37.8%
Net income / average total assets.
R&D / revenue
302.2%
Research and development expense / revenue.
Capex / revenue
23.3%
Capital expenditures / revenue.
D&A / revenue
28.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-10.1%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-39.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
37.0%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
13.4x
Current assets / current liabilities.
Quick ratio
8.33x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
7.87x
(Cash + short-term investments) / current liabilities.
Debt / assets
1.0%
Total debt / total assets.
Liabilities / assets
8.2%
Total liabilities / total assets.
Net debt
-CN¥4.19B
Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage
-633x
Operating income / interest expense.
Working capital
CN¥6.75B
Current assets - current liabilities.
Goodwill and intangibles / assets
0.9%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.05x
Revenue / average total assets.
Fixed asset turnover
2.61x
Revenue / average property, plant and equipment.
Inventory turnover
1.18x
Cost of revenue / average inventory.
Days inventory
308 days
365 x average inventory / cost of revenue.
Receivables turnover
1.39x
Revenue / average receivables.
Days sales outstanding
263 days
365 x average receivables / revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-CN¥8.54
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-CN¥8.54
Net income per basic share, as reported (split-adjusted).
What was WeRide Inc.'s revenue in fiscal 2024?
WeRide Inc. reported revenue of CN¥361.1M for fiscal 2024, 10.1% lower than the year before.
Was WeRide Inc. profitable in fiscal 2024?
No. It reported a net loss of CN¥2.52B.
How much free cash flow did WeRide Inc. generate in fiscal 2024?
Cash from operations of CN¥593.6M minus capital expenditures of CN¥84.0M left free cash flow of -CN¥677.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.