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[SCHEDULE 13G] WeRide Inc. American SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary

Beijing Xufeng, Zhengzhou Xufeng and their parent entities reported significant economic holdings in WeRide Inc. The two limited partnerships together hold 79,072,970 Class A ordinary shares (represented in part by American Depositary Shares where one ADS equals three Class A shares), which the filing states equals 9.11% of outstanding Class A ordinary shares. The reporting persons each state sole voting and dispositive power over the shares they report. Because the issuer has both Class A and high-vote Class B shares, the filing also discloses that those Class A holdings represent a much smaller share of total voting power (reported as approximately 2.58% for the combined parent entities). The statement identifies the reporting entities, their registered addresses, the ADS conversion ratio, the issuer’s outstanding share counts used in the calculation, and that the information is submitted via a joint filing agreement.

Beijing Xufeng, Zhengzhou Xufeng e le loro società madri hanno dichiarato partecipazioni economiche significative in WeRide Inc. Le due società in accomandita semplice detengono congiuntamente 79.072.970 azioni ordinarie di classe A (in parte rappresentate da American Depositary Shares, dove un ADS corrisponde a tre azioni di classe A), che il deposito indica essere il 9,11% delle azioni ordinarie di classe A in circolazione. I soggetti che effettuano la comunicazione dichiarano ciascuno di possedere la piena autorità di voto e di disposizione sulle azioni riportate. Poiché l’emittente ha sia azioni di classe A sia azioni di classe B con alto potere di voto, il documento precisa inoltre che tali partecipazioni in classe A rappresentano una quota molto più ridotta del potere di voto complessivo (riportata come circa il 2,58% per le entità madri combinate). La dichiarazione identifica le entità comunicanti, i loro indirizzi registrati, il rapporto di conversione degli ADS, i numeri di azioni in circolazione utilizzati per il calcolo e indica che le informazioni sono presentate tramite un accordo di deposito congiunto.

Beijing Xufeng, Zhengzhou Xufeng y sus sociedades matrices informaron participaciones económicas significativas en WeRide Inc. Las dos sociedades comanditarias poseen conjuntamente 79.072.970 acciones ordinarias de Clase A (en parte representadas por American Depositary Shares, donde un ADS equivale a tres acciones de Clase A), lo que, según la presentación, equivale a el 9,11% de las acciones ordinarias de Clase A en circulación. Las personas que informan declaran cada una tener la plena facultad de voto y disposición sobre las acciones comunicadas. Dado que el emisor tiene tanto acciones de Clase A como acciones de Clase B con mayor poder de voto, el documento también detalla que esas tenencias de Clase A representan una proporción mucho menor del poder de voto total (informada como aproximadamente el 2,58% para las sociedades matrices combinadas). La declaración identifica a las entidades informantes, sus direcciones registradas, la proporción de conversión de los ADS, las cifras de acciones en circulación utilizadas para el cálculo y que la información se presenta mediante un acuerdo de presentación conjunta.

베이징 쉬펑(Beijing Xufeng), 정저우 쉬펑(Zhengzhou Xufeng) 및 이들의 모법인들은 WeRide Inc.에 대한 상당한 경제적 지분을 공시했습니다. 이 두 유한책임조합은 합쳐서 79,072,970주의 클래스 A 보통주를 보유하고 있으며(일부는 미국예탁증서(ADS)로 표시되고, 1 ADS는 클래스 A 주식 3주에 해당), 공시문에 따르면 이는 발행된 클래스 A 보통주의 9.11%에 해당합니다. 공시 주체들은 보고된 주식에 대해 각자 단독 의결권 및 처분권을 보유한다고 명시했습니다. 발행회사는 클래스 A 주식과 고의결권인 클래스 B 주식을 모두 보유하고 있으므로, 해당 클래스 A 지분은 전체 의결권에서는 훨씬 적은 비중을 차지한다고도 밝히며(모법인 합산 기준으로 약 2.58%로 보고됨), 공시문에는 보고 주체들의 신원과 등록 주소, ADS 전환 비율, 계산에 사용된 발행 주식 수 및 공동 제출 계약을 통해 정보가 제출되었음이 기재되어 있습니다.

Beijing Xufeng, Zhengzhou Xufeng et leurs sociétés mères ont déclaré des participations économiques importantes dans WeRide Inc. Les deux sociétés en commandite détiennent conjointement 79 072 970 actions ordinaires de classe A (en partie représentées par des American Depositary Shares, un ADS équivalant à trois actions de classe A), soit, d’après le dépôt, 9,11 % des actions ordinaires de classe A en circulation. Les personnes déclarante indiquent chacune détenir la pleine autorité de vote et de disposition sur les actions qu’elles déclarent. Comme l’émetteur possède à la fois des actions de classe A et des actions de classe B à droit de vote élevé, le document précise également que ces positions en classe A constituent une part beaucoup plus faible du pouvoir de vote total (indiquée à environ 2,58 % pour les sociétés mères combinées). La déclaration identifie les entités déclarante, leurs adresses enregistrées, le ratio de conversion des ADS, les nombres d’actions en circulation utilisés pour le calcul et indique que l’information est soumise via un accord de dépôt conjoint.

Beijing Xufeng, Zhengzhou Xufeng und deren Muttergesellschaften meldeten erhebliche wirtschaftliche Beteiligungen an WeRide Inc. Die beiden Kommanditgesellschaften halten zusammen 79.072.970 Class-A-Stammaktien (teilweise dargestellt durch American Depositary Shares, wobei 1 ADS drei Class-A-Aktien entspricht), was der Meldung zufolge 9,11% der ausstehenden Class-A-Stammaktien entspricht. Die meldenden Personen geben jeweils an, über die gemeldeten Aktien alleinige Stimm- und Verfügungsgewalt zu besitzen. Da der Emittent sowohl Class-A- als auch stimmberechtigte Class-B-Aktien ausgibt, weist die Einreichung außerdem darauf hin, dass diese Class-A-Beteiligungen am gesamten Stimmrecht deutlich weniger ausmachen (für die kombinierten Muttergesellschaften mit etwa 2,58% angegeben). Die Erklärung nennt die meldenden Einheiten, ihre eingetragenen Adressen, das ADS-Umtauschverhältnis, die für die Berechnung verwendeten ausstehenden Aktienzahlen und dass die Angaben über eine gemeinsame Offenlegungsvereinbarung eingereicht wurden.

Positive
  • Material economic stake: Aggregate beneficial ownership of 79,072,970 Class A shares (9.11% of Class A) is disclosed.
  • Clear power attribution: Each reporting person states sole voting and dispositive power over the shares they report, clarifying control over disposition.
Negative
  • Limited voting influence: The reported Class A holdings represent a much smaller share of total voting power (reported as approximately 2.58% for the combined parent entities) because of the Class B 40-vote structure.
  • Consolidation under parents: Shares are attributable to parent/general partner entities, which can obscure direct economic versus governance influence without additional disclosure.

Insights

TL;DR: Related Zhengzhou entities report a material economic stake (9.11% of Class A) but limited voting influence under the dual-class structure.

The filing discloses that Beijing Xufeng and Zhengzhou Xufeng directly hold 43.9M and 35.2M Class A shares respectively (partly through ADSs), and that their holdings are attributable to common parents, resulting in an aggregate reported beneficial ownership of 79,072,970 Class A shares. The issuer’s outstanding share counts used for the percentages are provided by the company and show a large base of Class A and Class B shares; consequently the economic stake does not translate into equivalent voting control because Class B shares carry 40 votes each. All reporting persons certify sole voting and dispositive power over the shares they report, indicating direct control of disposition despite the limited aggregate voting percentage.

TL;DR: The disclosure is a passive ownership report that signals concentrated economic exposure within related entities but limited governance influence.

The Schedule 13G shows consolidated beneficial ownership through general-partner and parent-company relationships, with Zhengzhou Xuxin and Zhengzhou Yutong potentially deemed to beneficially own the shares of their limited partnerships. The filing clarifies legal relationships and ownership attribution, which is material to governance analysis because it reveals who may exercise dispositive power. However, the dual-class structure cited in the filing means these economic holdings equate to a small share of total voting power, limiting immediate governance impact absent further transactions.

Beijing Xufeng, Zhengzhou Xufeng e le loro società madri hanno dichiarato partecipazioni economiche significative in WeRide Inc. Le due società in accomandita semplice detengono congiuntamente 79.072.970 azioni ordinarie di classe A (in parte rappresentate da American Depositary Shares, dove un ADS corrisponde a tre azioni di classe A), che il deposito indica essere il 9,11% delle azioni ordinarie di classe A in circolazione. I soggetti che effettuano la comunicazione dichiarano ciascuno di possedere la piena autorità di voto e di disposizione sulle azioni riportate. Poiché l’emittente ha sia azioni di classe A sia azioni di classe B con alto potere di voto, il documento precisa inoltre che tali partecipazioni in classe A rappresentano una quota molto più ridotta del potere di voto complessivo (riportata come circa il 2,58% per le entità madri combinate). La dichiarazione identifica le entità comunicanti, i loro indirizzi registrati, il rapporto di conversione degli ADS, i numeri di azioni in circolazione utilizzati per il calcolo e indica che le informazioni sono presentate tramite un accordo di deposito congiunto.

Beijing Xufeng, Zhengzhou Xufeng y sus sociedades matrices informaron participaciones económicas significativas en WeRide Inc. Las dos sociedades comanditarias poseen conjuntamente 79.072.970 acciones ordinarias de Clase A (en parte representadas por American Depositary Shares, donde un ADS equivale a tres acciones de Clase A), lo que, según la presentación, equivale a el 9,11% de las acciones ordinarias de Clase A en circulación. Las personas que informan declaran cada una tener la plena facultad de voto y disposición sobre las acciones comunicadas. Dado que el emisor tiene tanto acciones de Clase A como acciones de Clase B con mayor poder de voto, el documento también detalla que esas tenencias de Clase A representan una proporción mucho menor del poder de voto total (informada como aproximadamente el 2,58% para las sociedades matrices combinadas). La declaración identifica a las entidades informantes, sus direcciones registradas, la proporción de conversión de los ADS, las cifras de acciones en circulación utilizadas para el cálculo y que la información se presenta mediante un acuerdo de presentación conjunta.

베이징 쉬펑(Beijing Xufeng), 정저우 쉬펑(Zhengzhou Xufeng) 및 이들의 모법인들은 WeRide Inc.에 대한 상당한 경제적 지분을 공시했습니다. 이 두 유한책임조합은 합쳐서 79,072,970주의 클래스 A 보통주를 보유하고 있으며(일부는 미국예탁증서(ADS)로 표시되고, 1 ADS는 클래스 A 주식 3주에 해당), 공시문에 따르면 이는 발행된 클래스 A 보통주의 9.11%에 해당합니다. 공시 주체들은 보고된 주식에 대해 각자 단독 의결권 및 처분권을 보유한다고 명시했습니다. 발행회사는 클래스 A 주식과 고의결권인 클래스 B 주식을 모두 보유하고 있으므로, 해당 클래스 A 지분은 전체 의결권에서는 훨씬 적은 비중을 차지한다고도 밝히며(모법인 합산 기준으로 약 2.58%로 보고됨), 공시문에는 보고 주체들의 신원과 등록 주소, ADS 전환 비율, 계산에 사용된 발행 주식 수 및 공동 제출 계약을 통해 정보가 제출되었음이 기재되어 있습니다.

Beijing Xufeng, Zhengzhou Xufeng et leurs sociétés mères ont déclaré des participations économiques importantes dans WeRide Inc. Les deux sociétés en commandite détiennent conjointement 79 072 970 actions ordinaires de classe A (en partie représentées par des American Depositary Shares, un ADS équivalant à trois actions de classe A), soit, d’après le dépôt, 9,11 % des actions ordinaires de classe A en circulation. Les personnes déclarante indiquent chacune détenir la pleine autorité de vote et de disposition sur les actions qu’elles déclarent. Comme l’émetteur possède à la fois des actions de classe A et des actions de classe B à droit de vote élevé, le document précise également que ces positions en classe A constituent une part beaucoup plus faible du pouvoir de vote total (indiquée à environ 2,58 % pour les sociétés mères combinées). La déclaration identifie les entités déclarante, leurs adresses enregistrées, le ratio de conversion des ADS, les nombres d’actions en circulation utilisés pour le calcul et indique que l’information est soumise via un accord de dépôt conjoint.

Beijing Xufeng, Zhengzhou Xufeng und deren Muttergesellschaften meldeten erhebliche wirtschaftliche Beteiligungen an WeRide Inc. Die beiden Kommanditgesellschaften halten zusammen 79.072.970 Class-A-Stammaktien (teilweise dargestellt durch American Depositary Shares, wobei 1 ADS drei Class-A-Aktien entspricht), was der Meldung zufolge 9,11% der ausstehenden Class-A-Stammaktien entspricht. Die meldenden Personen geben jeweils an, über die gemeldeten Aktien alleinige Stimm- und Verfügungsgewalt zu besitzen. Da der Emittent sowohl Class-A- als auch stimmberechtigte Class-B-Aktien ausgibt, weist die Einreichung außerdem darauf hin, dass diese Class-A-Beteiligungen am gesamten Stimmrecht deutlich weniger ausmachen (für die kombinierten Muttergesellschaften mit etwa 2,58% angegeben). Die Erklärung nennt die meldenden Einheiten, ihre eingetragenen Adressen, das ADS-Umtauschverhältnis, die für die Berechnung verwendeten ausstehenden Aktienzahlen und dass die Angaben über eine gemeinsame Offenlegungsvereinbarung eingereicht wurden.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person: * Represents 43,899,193 Class A ordinary shares represented by 14,633,064 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership, or Beijing Xufeng. Each American Depositary Share represents three Class A ordinary shares. The registered address of Beijing Xufeng is Room 2099, No. 101, Building 1, Compound 36, South Hongjunying Road, Chaoyang District, Beijing, China. ** The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of June 30, 2025, as provided by the issuer. The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of June 30, 2025, as provided by the issuer. According to the issuer, 867,770,146 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of June 30, 2025. The shares beneficially owned by the reporting person represents 5.06% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 1.43% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of June 30, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share.


SCHEDULE 13G




Comment for Type of Reporting Person: * Represents 35,173,777 Class A ordinary shares represented by 11,724,592 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP), or Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The registered address of Zhengzhou Xufeng is 5021, Floor 5, North of Financial Plaza, intersection of Huaxia Avenue and Yungang Road, Hangkonggang District, Zhengzhou City, Henan Province, China. ** The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of June 30, 2025, as provided by the issuer. The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of June 30, 2025, as provided by the issuer. According to the issuer, 867,770,146 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of June 30, 2025. The shares beneficially owned by the reporting person represents 4.05% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 1.15% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of June 30, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share.


SCHEDULE 13G




Comment for Type of Reporting Person: * Represents (i) 43,899,193 Class A ordinary shares represented by 14,633,064 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 35,173,777 Class A ordinary shares represented by 11,724,592 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. Zhengzhou Xuxin Industrial Co., Ltd is the general partner of both Beijing Xufeng and Zhengzhou Xufeng. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Xuxin Industrial Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng. The registered address of each of Zhengzhou Xuxin Industrial Co., Ltd. and Zhengzhou Xufeng is 5021, Floor 5, North of Financial Plaza, intersection of Huaxia Avenue and Yungang Road, Hangkonggang District, Zhengzhou City, Henan Province, China. The registered address of Beijing Xufeng is Room 2099, No. 101, Building 1, Compound 36, South Hongjunying Road, Chaoyang District, Beijing, China. ** The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of June 30, 2025, as provided by the issuer. The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of June 30, 2025, as provided by the issuer. According to the issuer, 867,770,146 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of June 30, 2025. The shares beneficially owned by the reporting person represents 9.11% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 2.58% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of June 30, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share.


SCHEDULE 13G




Comment for Type of Reporting Person: * Represents (i) 43,899,193 Class A ordinary shares represented by 14,633,064 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 35,173,777 Class A ordinary shares represented by 11,724,592 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The general partner of both entities is Zhengzhou Xuxin Industrial Co., Ltd., which is wholly owned by Zhengzhou Yutong Group Co., Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Yutong Group Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng. The registered address of Zhengzhou Yutong Group Co., Ltd. is No. 8, Changchun Road, High-Tech Industrial Development Zone, Zhengzhou City, China. The registered address of each of Zhengzhou Xuxin Industrial Co., Ltd. and Zhengzhou Xufeng is 5021, Floor 5, North of Financial Plaza, intersection of Huaxia Avenue and Yungang Road, Hangkonggang District, Zhengzhou City, Henan Province, China. The registered address of Beijing Xufeng is Room 2099, No. 101, Building 1, Compound 36, South Hongjunying Road, Chaoyang District, Beijing, China. Zhengzhou Yutong Group Co., Ltd. is controlled by seven individuals, namely Yuxiang Tang, Jianwei Cao, Xinlei Lu, Yiguo Zhang, Bo Yang, Baofeng Zhang and Lei Wang. Each of these individuals disclaims beneficial ownership of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng. ** The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of June 30, 2025, as provided by the issuer. The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of June 30, 2025, as provided by the issuer. According to the issuer, 867,770,146 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of June 30, 2025. The shares beneficially owned by the reporting person represents 9.11% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 2.58% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of June 30, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share


SCHEDULE 13G



Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership
Signature:Jingzhao Wan
Name/Title:Jingzhao Wan/Authorized Signatory
Date:08/08/2025
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP)
Signature:Jingzhao Wan
Name/Title:Jingzhao Wan/Authorized Signatory
Date:08/08/2025
Zhengzhou Xuxin Industrial Co., Ltd.
Signature:Jingzhao Wan
Name/Title:Jingzhao Wan/Authorized Signatory
Date:08/08/2025
Zhengzhou Yutong Group Co., Ltd.
Signature:Jingzhao Wan
Name/Title:Jingzhao Wan/Authorized Signatory
Date:08/08/2025

Comments accompanying signature: N/A
Exhibit Information

Exhibit 99.1 -- Joint Filing Agreement

FAQ

How many Class A shares of WeRide (WRD) do the reporting persons own?

The filing reports aggregate beneficial ownership of 79,072,970 Class A ordinary shares attributed to the reporting entities.

What percent of WeRide's Class A shares does 79,072,970 represent?

The filing states this amount equals 9.11% of outstanding Class A ordinary shares as provided by the issuer.

How much voting power do these holdings represent for WeRide (WRD)?

Because of the dual-class structure, the filing reports the combined parent entities’ holdings represent about 2.58% of total voting power.

Do the reporting persons have voting or dispositive power over the shares?

Yes. Each reporting person declared sole voting power and sole dispositive power for the shares they report.

How are American Depositary Shares (ADSs) treated in the filing?

The filing explains that each ADS represents three Class A ordinary shares, and some reported Class A shares are represented by ADSs.
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