WeRide's third-quarter revenue fell, but product revenue grew significantly

In the first three quarters, WeRide's total revenue was 220 million yuan, a year-on-year decrease of 14.3%; among them, the revenue in the third quarter was 70 million yuan, a year-on-year decrease of 5.65%. In terms of revenue structure, product revenue in the third quarter was 15 million yuan, compared with only 100,000 yuan in the same period last year. This part of the growth mainly came from the increased sales of Robosweepers. Revenue from services accounted for the majority, with revenue of 55 million yuan in the third quarter, a year-on-year decrease of 25.7%. After adjustment, WeRide's net loss in the third quarter was 240 million yuan, an increase of 86 million yuan from the same period last year; the cumulative loss in the first three quarters was 556 million yuan, a year-on-year increase of 44%. In terms of cash reserves, as of the end of the third quarter, WeRide's cash, cash equivalents and time deposits were 2.71 billion yuan. For the outlook for the whole year, WeRide expects that the total annual revenue will be between 350 million and 380 million yuan.