Wenyuan Zhixing-W (00800) announced second-quarter results, with total revenue of 232 million yuan, an increase of 82.2% year-on-year

According to the Zhitong Finance App, Wenyuan Zhixing-W (00800) announced that in the second quarter of 2026, the group obtained total revenue of 232 million yuan, up 82.2% year on year and 103.1% month on month; in the first half of 2026, total revenue was 346 million yuan, an increase of 73.3% year on year. In the second quarter of 2026, overseas revenue increased 164.4% year on year and 169.3% month on month; in the first half of 2026, overseas revenue increased 154.4% year on year.

The fleet size continues to expand. As of July 31, 2026, our global L4 fleet consists of approximately 3,400 vehicles, including more than 1,800 autonomous taxis worldwide.

Domestic autonomous taxi operating indicators have improved markedly. In the second quarter of 2026, the average number of bicycle orders per day exceeded 21, an increase of about 24% over the previous month, and the peak number of bicycle orders completed in a single day reached 28. In the second quarter of 2026, registered users of Wenyuan Zhixing's autonomous taxi service increased 35% month-on-month, and taxi revenue in the single quarter increased by about 140% month-on-month.

The overseas asset-light model is progressing steadily. We are accelerating the deployment of autonomous taxis overseas, particularly in Spain, Switzerland, Denmark, the United Arab Emirates and Singapore. As of the date of this announcement, our autonomous driving business has expanded to more than 60 cities in 13 countries around the world.

Han Xu, founder, chairman and CEO of Wenyuan Zhixing, said, “In the second quarter of 2026, Wenyuan Zhixing made significant progress in overseas acceleration, asset-light expansion, and autopoietic hematopoietic capacity building. Total revenue nearly doubled year-on-year, gross margin climbed to 37.5%, and operating efficiency continued to improve. The operating efficiency of domestic Robotaxi has been greatly improved. The average number of daily bicycle orders exceeds 21 orders, an increase of 24% month-on-month, registered users increased 35% month-on-month, taxi revenue in a single quarter increased by about 140% month-on-month, and the bicycle economy model continues to be optimized. At the technical level, the 3,400-vehicle L4 fleet represented by RoboTaxi and the one-stage end-to-end L2++ solution that delivered about 30,000 vehicles in a single quarter have all achieved large-scale commercial deployment, further establishing Wenyuan Zhixing's leading position in the industry. A complete safety verification record and multi-site operation experience accumulated over a long period of large-scale operation have built a solid competitive barrier. Wenyuan Zhixing is moving from leading technology to implementation on a global scale, beginning the next stage of commercialization of autonomous driving.”

Li Xuan, chief financial officer and international head of Wenyuan Zhixing, said, “Wenyuan Zhixing's revenue has maintained rapid growth and is steadily on the path of self-hematopoiesis. Relying on outstanding driverless vehicle performance and mature overseas ecological layout, our asset-light model has excellent replicability and has been rapidly implemented on a large scale in many cities. Although the commercialization of autonomous driving around the world is in its early stages, the market space is broad and growth certainty is high. The model has outstanding marginal economic benefits. It is expected to continue to contribute to stable cash flow, and has become an important profit center and cash flow business for the company. At the same time, our integrated end-to-end L2++/L3 solution has entered a stage of rapid commercial growth, opening up another high-growth revenue channel for the company. The company continues to seek balanced development between business barriers, scale expansion and stable cash flow, and will continue to move forward steadily over the long term.”