Financials · UCAR

U Power Limited (UCAR) financials

For fiscal 2025 (ended Dec 31, 2025), U Power Limited reported CN¥41.13M of revenue and -CN¥68.72M of net income. Figures are in CNY, the currency of its SEC filings.

Revenue, FY2025
CN¥41.13M
Revenue growth, YoY
-7.1%
Net income, FY2025
-CN¥68.72M
Net margin
-167.1%
Free cash flow, FY2025
-CN¥70.39M
EPS, diluted, FY2025
-CN¥15.05
Cash
CN¥21.95M
Annual revenueCN¥41.13M
FY2020FY2025
Annual net income-CN¥68.72M
FY2020FY2025
Annual free cash flow-CN¥70.39M
FY2020FY2025

UCAR revenue and earnings growth

UCAR revenueFY2025CN¥41.13M

FY YoY
-7.1%
5Y CAGR
+94.9%

UCAR revenue was CN¥41.13M for fiscal 2025 (ended Dec 31, 2025), down 7.1% from fiscal 2024. Compound annual growth was +94.9% over 5 years. It rose in 3 of the last 5 fiscal years.

UCAR net incomeFY2025-CN¥68.72M

UCAR net income was -CN¥68.72M for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥47.92M in fiscal 2024.

UCAR EPSFY2025-CN¥15.05

UCAR diluted EPS was -CN¥15.05 for fiscal 2025 (ended Dec 31, 2025).

UCAR free cash flowFY2025-CN¥70.39M

UCAR free cash flow was -CN¥70.39M for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥73.18M in fiscal 2024.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
RevenueCN¥41.13MCN¥44.29MCN¥19.76MCN¥7.80MCN¥8.01MCN¥1.46M
Cost of revenueCN¥26.21MCN¥33.83MCN¥7.59MCN¥5.14MCN¥5.14M-
Gross profitCN¥14.92MCN¥10.46MCN¥12.17MCN¥2.66MCN¥2.87MCN¥1.46M
Research and developmentCN¥4.60MCN¥2.98MCN¥2.18MCN¥9.35MCN¥5.37MCN¥111.0K
Selling, general and adminCN¥52.63MCN¥46.91MCN¥41.22MCN¥37.71MCN¥37.59MCN¥14.07M
Operating income-CN¥58.27M-CN¥57.99M-CN¥36.90M-CN¥56.25M-CN¥44.95M-CN¥16.01M
Interest expenseCN¥188.0KCN¥1.40MCN¥1.86MCN¥764.0KCN¥696.0K-
Pre-tax income-CN¥76.90M-CN¥56.36M-CN¥22.85M-CN¥57.66M-CN¥46.48M-CN¥6.53M
Income taxCN¥3.58M-CN¥2.61MCN¥5.0KCN¥2.58M-
Net income-CN¥68.72M-CN¥47.92M-CN¥19.34M-CN¥45.92M-CN¥41.40M-CN¥5.51M
EPS, basic-CN¥15.05-CN¥16.79-CN¥15.56-CN¥91.84-CN¥82.80-CN¥0.11
EPS, diluted-CN¥15.05-CN¥16.79-CN¥15.56-CN¥91.84-CN¥8.28-CN¥0.11
Diluted shares4.6M2.9M1.2M500,000500,00050.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Cash and equivalentsCN¥21.95MCN¥23.43MCN¥36.24MCN¥5.91MCN¥25.69MCN¥126.68M
ReceivablesCN¥22.20MCN¥10.37MCN¥15.75MCN¥1.62MCN¥193.0K-
InventoryCN¥12.29MCN¥9.87MCN¥5.44MCN¥5.46MCN¥13.45M-
Current assetsCN¥147.40MCN¥105.08MCN¥163.20MCN¥54.01MCN¥128.30M-
Total assetsCN¥378.80MCN¥385.71MCN¥428.99MCN¥281.85MCN¥353.67M-
Current liabilitiesCN¥81.86MCN¥56.90MCN¥74.88MCN¥59.15MCN¥76.82M-
Short-term debtCN¥18.97MCN¥17.97MCN¥9.50M---
Long-term debt---CN¥10.00MCN¥9.00M-
Total debt---CN¥10.00MCN¥9.00M-
Total liabilitiesCN¥84.23MCN¥64.73MCN¥80.86MCN¥73.94MCN¥95.99M-
Shareholders' equityCN¥271.02MCN¥291.47MCN¥344.62MCN¥205.01MCN¥257.68MCN¥290.08M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Operating cash flow-CN¥69.89M-CN¥73.17M-CN¥65.44M-CN¥12.89M-CN¥82.23M-CN¥22.39M
Capital expendituresCN¥500.0KCN¥10.0KCN¥881.0KCN¥7.77MCN¥9.57MCN¥1.33M
Free cash flow-CN¥70.39M-CN¥73.18M-CN¥66.32M-CN¥20.66M-CN¥91.80M-CN¥23.73M
Investing cash flowCN¥23.83MCN¥49.09M-CN¥84.08M-CN¥11.39M-CN¥14.76M-CN¥133.14M
Financing cash flowCN¥47.09MCN¥12.96MCN¥179.40MCN¥4.50M-CN¥4.00MCN¥275.62M
Depreciation and amortizationCN¥2.11MCN¥3.06MCN¥2.61MCN¥2.09MCN¥1.77MCN¥786.0K

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Revenue growth, YoY-7.1%124.1%153.5%-2.7%447.1%-
Gross margin36.3%23.6%61.6%34.1%35.9%100.0%
Operating margin-141.7%-130.9%-186.7%-721.5%-561.2%-1093.7%
Net margin-167.1%-108.2%-97.8%-589.0%-516.8%-376.4%
Free cash flow margin-171.2%-165.2%-335.6%-265.0%-1146.1%-1620.6%
Return on equity-25.4%-16.4%-5.6%-22.4%-16.1%-1.9%
Return on assets-18.1%-12.4%-4.5%-16.3%-11.7%-
Current ratio1.801.852.180.911.67-
Debt to equity---0.050.03-

Source: XBRL data U Power Limited files with the SEC, latest filing dated May 15, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

UCAR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
UCARCN¥41.13M-7.1%-CN¥68.72M-167.1%$5.2M
ASML€32.67B+15.6%€9.61B29.4%$581.15B
LRCX$26.13B+33.4%$8.45B32.3%$277.80B
TMO$47.35B+8.3%$7.07B14.9%$266.10B
DE$47.98B+8.0%$4.87B10.2%$185.41B
DHR$25.61B+5.5%$4.33B16.9%$166.11B
ETN$31.98B+20.1%$3.90B12.2%$137.61B
JCI$24.43B+5.1%$3.53B14.5%$85.48B
ITW$16.65B+4.8%$3.23B19.4%$81.86B

UCAR FAQ

9 questions
  • What is UCAR revenue?
    U Power Limited (UCAR) reported CN¥41.13M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 7.1% from the year before.
  • Is UCAR profitable?
    No. U Power Limited reported a net loss of CN¥68.72M for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does UCAR have?
    U Power Limited reported CN¥21.95M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is UCAR revenue growing?
    U Power Limited's revenue changed -7.1% in fiscal 2025, to CN¥41.13M. Its compound annual growth rate was +94.9% over 5 years.
  • What is UCAR gross margin?
    U Power Limited's gross profit was CN¥14.92M on CN¥41.13M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 36.3%.
  • What is UCAR free cash flow?
    U Power Limited generated -CN¥70.39M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -CN¥69.89M less capital expenditures.
  • What is UCAR earnings per share?
    Diluted earnings per share were -CN¥15.05 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did UCAR last report financial results?
    The latest statements here come from U Power Limited's 20-F filed on May 15, 2026, covering the period ended Dec 31, 2025.
  • Where does this UCAR financial data come from?
    Quantisnow builds these statements from the structured XBRL data U Power Limited files with the SEC. It is provided for information only and is not investment advice.