SCHEDULE: WeRide Inc. Ownership Update: Yutong Group's Stake Detailed

An amended Schedule 13G filing details the beneficial ownership of WeRide Inc. Class A ordinary shares by Zhengzhou Yutong Group Co., Ltd. and its affiliated entities.

Summary

• Zhengzhou Yutong Group Co., Ltd., through its wholly-owned subsidiary Zhengzhou Xuxin Industrial Co., Ltd., and its controlled limited partnerships Beijing Xufeng Zhiyuan Intelligent Technology Partnership and Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP), collectively beneficially own 65,659,592 Class A ordinary shares of WeRide Inc.
• This aggregate ownership represents 6.75% of WeRide Inc.'s total outstanding Class A ordinary shares as of December 31, 2025.
• The total voting power held by Zhengzhou Yutong Group Co., Ltd. and its affiliates is 2.07% of WeRide Inc.'s combined Class A and Class B ordinary shares.
• Beijing Xufeng Zhiyuan Intelligent Technology Partnership holds 39,790,747 Class A ordinary shares, equating to 4.09% of Class A shares and 1.26% of total voting power.
• Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) holds 25,868,845 Class A ordinary shares, equating to 2.66% of Class A shares and 0.82% of total voting power.
• WeRide Inc. had 972,508,041 Class A ordinary shares and 54,814,423 Class B ordinary shares issued and outstanding as of December 31, 2025.
• Each American Depositary Share (ADS) of WeRide Inc. represents three Class A ordinary shares.
• Class A ordinary shares are entitled to one vote per share, while Class B ordinary shares are entitled to 40 votes per share.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive disclosure, as it confirms continued significant institutional ownership, which can be a sign of investor confidence, without revealing any negative operational or financial news.

Positives

• The disclosure of a significant institutional investor group maintaining a substantial stake (6.75% of Class A shares) in WeRide Inc. can signal confidence in the company's long-term prospects.
• The clear hierarchical ownership structure, with Zhengzhou Yutong Group Co., Ltd. at the top, provides transparency regarding control and influence.

Negatives

• The filing does not contain any negative financial or operational information; it is purely an ownership disclosure.

Risks

• The dual-class share structure, where Class B ordinary shares carry 40 votes per share compared to Class A's one vote, concentrates significant voting power in the hands of Class B holders, potentially limiting the influence of Class A shareholders, including the reporting persons.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding WeRide Inc.'s future performance or strategic direction.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for passive investors who acquire more than 5% of a company's stock. This amendment provides an updated snapshot of a significant investor's stake in WeRide Inc., a company operating in the autonomous driving technology sector. Such disclosures are important for understanding the ownership landscape and potential long-term institutional support for companies in capital-intensive and rapidly evolving industries like autonomous vehicles.

Related Party Transactions

• Zhengzhou Yutong Group Co., Ltd. wholly owns Zhengzhou Xuxin Industrial Co., Ltd., which acts as the general partner for both Beijing Xufeng Zhiyuan Intelligent Technology Partnership and Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP). This establishes a clear control relationship among the reporting entities regarding their beneficial ownership in WeRide Inc.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant institutional investor's stake, which can influence market perception and potentially signal stability or long-term commitment from a major holder.

Key Dates

Keywords

WeRide Inc., Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, American Depositary Shares, Zhengzhou Yutong Group, Institutional Ownership, SEC Filing, Voting Power, China