On May 21, WeRide-W rose 10.12% in regular trading, trading at HK$20.0/share, with trading volume of HK$36.77 million. The rally was driven by strong Q1 earnings and broad strength in the autonomous driving sector.

WeRide reported Q1 total revenue of RMB 114.1 million, up 57.6% year-over-year, with gross profit of RMB 39.6 million, up 55.9% YoY, and gross margin reaching 34.7%, continuing to lead the industry. Operating losses narrowed further while R&D spending rose 11.5% YoY to RMB 363.3 million. As of late April, the company's global Robotaxi fleet reached approximately 1,300 vehicles, with total L4 fleet scale of around 2,800 vehicles covering 12 countries and over 40 cities. Soochow Securities maintained a \"Buy\" rating, projecting revenue of RMB 945 million/1.987 billion/3.68 billion for 2026-2028. Additionally, the company repurchased approximately HK$29.97 million worth of shares on May 20, signaling management confidence.

Within the Auto Parts & Equipment sector, the smart driving concept showed broad strength, with Zhejiang Shibao up 14.99%, Nexteer up 9.47%, Pateo up 8.63%, Johnson Electric up 6.64%, and Minieye up 5.94%.

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