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WERIDE-W Dives 2%+ as 1Q Loss Widens to RMB390M; Citi: LT Growth Outlook Intact
2026-05-14 10:26:53 WERIDE-W (00800.HK) opened 1.65% lower today, hitting an intraday trough of HKD19.82. It last quoted at HKD20.22, down 2.13%, with turnover of 1.4258 million shares, involving HKD28.7997 million. The company reported 1Q revenue of RMB114 million, up 57.6% YoY. Loss widened to RMB389 million from a loss of RMB385 million in the same period last year. LPS was RMB0.38 per ordinary share. Citi said in a report that the company's 1Q revenue grew 58% YoY and sank 64% QoQ, due to normal seasonality, with performance in line with consensus median. It expected revenue to resume QoQ expansion in 2Q26 and 3Q26. The broker maintained its Buy rating on WeRide Inc. (WRD.US) with a TP of USD15.3. ~ AASTOCKS Financial News Website: www.aastocks.com | |