InsiderClue
Stocks · Technology · Miscellaneous Electrical Machinery, Equipment & Supplies

U Power Ltd

UCAR Clue Score61
Cayman Islands Fiscal year ends December CIK 0001939780
$4.26 +8.95% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $4.26 +108.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 30 Aug 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue1.5Operating income−16.0Net income−5.5EPS, diluted−0.11Fiscal year 2021Revenue8.0 +447.1%Operating income−45.0Net income−41.4EPS, diluted−8.28Fiscal year 2022Revenue7.8 −2.7%Operating income−56.2Net income−45.9EPS, diluted−91.84Fiscal year 2023Revenue19.8 +153.5%Operating income−36.9Net income−19.3EPS, diluted−15.56Fiscal year 2024Revenue44.3 +124.1%Operating income−58.0Net income−47.9EPS, diluted−16.79Fiscal year 2025Revenue41.1 −7.1%Operating income−58.3Net income−68.7EPS, diluted−15.05
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.5 8.0 7.8 19.8 44.3 41.1
Growth +447.1% −2.7% +153.5% +124.1% −7.1%
Operating income −16.0 −45.0 −56.2 −36.9 −58.0 −58.3
Net income −5.5 −41.4 −45.9 −19.3 −47.9 −68.7
Growth
EPS, diluted −0.11 −8.28 −91.84 −15.56 −16.79 −15.05

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin100.0%Operating margin−1,093.7%Net margin−376.4%Free cash flow margin−1,620.6%Fiscal year 2021Gross margin35.9%Operating margin−561.2%Net margin−516.8%Free cash flow margin−1,146.1%Fiscal year 2022Gross margin34.1%Operating margin−721.5%Net margin−589.0%Free cash flow margin−265.0%Fiscal year 2023Gross margin61.6%Operating margin−186.7%Net margin−97.8%Free cash flow margin−335.6%Fiscal year 2024Gross margin23.6%Operating margin−130.9%Net margin−108.2%Free cash flow margin−165.2%Fiscal year 2025Gross margin36.3%Operating margin−141.7%Net margin−167.1%Free cash flow margin−171.2%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 100.0% 35.9% 34.1% 61.6% 23.6% 36.3%
Operating margin −1,093.7% −561.2% −721.5% −186.7% −130.9% −141.7%
Net margin −376.4% −516.8% −589.0% −97.8% −108.2% −167.1%
Free cash flow margin −1,620.6% −1,146.1% −265.0% −335.6% −165.2% −171.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−22.4Capital expenditure−1.3Free cash flow−23.7Fiscal year 2021Operating cash flow−82.2Capital expenditure−9.6Free cash flow−91.8Fiscal year 2022Operating cash flow−12.9Capital expenditure−7.8Free cash flow−20.7Fiscal year 2023Operating cash flow−65.4Capital expenditure−0.9Free cash flow−66.3Fiscal year 2024Operating cash flow−73.2Capital expenditure−0.0Free cash flow−73.2Fiscal year 2025Operating cash flow−69.9Capital expenditure−0.5Free cash flow−70.4
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −22.4 −82.2 −12.9 −65.4 −73.2 −69.9
Capital expenditure −1.3 −9.6 −7.8 −0.9 −0.0 −0.5
Free cash flow −23.7 −91.8 −20.7 −66.3 −73.2 −70.4
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash126.7Shareholders’ equity290.1Fiscal year 2021Cash14.8Total debt9.0Net cash (debt)5.8Shareholders’ equity211.9Debt to equity0.04Fiscal year 2022Cash4.9Total debt10.0Net cash (debt)−5.1Shareholders’ equity165.9Debt to equity0.06Fiscal year 2023Cash1.9Total debt9.5Net cash (debt)−7.6Shareholders’ equity306.7Debt to equity0.03Fiscal year 2024Cash23.4Total debt18.0Net cash (debt)5.5Shareholders’ equity291.5Debt to equity0.06Fiscal year 2025Cash22.0Total debt19.0Net cash (debt)3.0Shareholders’ equity271.0Debt to equity0.07
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 126.7 14.8 4.9 1.9 23.4 22.0
Total debt n/a 9.0 10.0 9.5 18.0 19.0
Net cash (debt) n/a 5.8 −5.1 −7.6 5.5 3.0
Shareholders’ equity 290.1 211.9 165.9 306.7 291.5 271.0
Debt to equity n/a 0.04 0.06 0.03 0.06 0.07

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
100.0% 35.9% 34.1% 61.6% 23.6% 36.3%
−1,093.7% −561.2% −721.5% −186.7% −130.9% −141.7%
−446.0% −580.3% −739.6% −115.6% −127.3% −187.0%
−376.4% −516.8% −589.0% −97.8% −108.2% −167.1%
−1,620.6% −1,146.1% −265.0% −335.6% −165.2% −171.2%
Spending
7.6% 67.1% 120.0% 11.1% 6.7% 11.2%
961.0% 469.3% 483.8% 208.6% 105.9% 128.0%
91.1% 119.5% 99.7% 4.5% 0.0% 1.2%
Returns
−1.9% −19.5% −27.7% −6.3% −16.4% −25.4%
n/a −11.7% −16.3% −4.5% −12.4% −18.1%
Balance and payout
n/a 0.04 0.06 0.03 0.06 0.07
n/a 27.1% 26.2% 18.8% 16.8% 22.2%

Shown in CNY as filed; the screener converts to dollars.