U Power (UCAR) Stock

$3.38 -0.14 (-3.98%)
Market Cap: $11.42M | NASDAQ

U Power Chart


Company Profile

Price: $3.38

Market Cap: $11.42M

Exchange: NASDAQ

CEO: Mr. Jia Li

Sector: Consumer Cyclical

Industry: Auto - Dealerships

Employees: 77

Headquarters: Shanghai, None

Website: U Power

Business Summary

U Power Limited develops, manufactures, and sells new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing services. The company was founded in 2013 and is based in Shanghai, the People's Republic of China.

U Power News

U Power Expands Presence in Thailand through Collaboration with SAIC-Motor CP

Cooperation agreement will see U Power's battery-swapping technology applied to SAIC Motor-CP's Thai MG brand of vehicles SHANGHAI , Feb. 3, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has signed a cooperation agreement with SAIC Motor-CP Co. Ltd. ("SAIC Motor-CP"), a joint venture company of Chinese automotive industry group CP Group and Thai industry conglomerate CP Group, to integrate U Power's battery-swapping technology into the company's MG brand of vehicles for sale in Thailand.

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U Power and Ezzy Transporter Establish Joint Venture to Bring UOTTA Battery-Swapping Solutions to Thailand

Joint venture will facilitate customized production and sales of battery swapping vehicles to take advantage of Thailand's booming EV market SHANGHAI , Jan. 29, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has signed a cooperation agreement with Ezzy Transporter (Thailand) Company Limited ("Ezzy Transporter") to establish Greendrive Tech Co. Ltd., ("Greendrive" or the "Joint Venture"), a joint venture company dedicated to the market expansion and sale of electric vehicles in Thailand.

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U Power Announces Closing of $5.0 Million Registered Direct Offering and Concurrent Private Placement

SHANGHAI , Jan. 27, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced the closing of its previously announced registered direct offering and concurrent private placement with certain institutional investors for the purchase and sale of i) 648,000 Class A ordinary shares  (the "Class A Ordinary Shares") of the Company, par value $0.00001 per share (the "Shares"), ii) Pre-funded Warrants to purchase up to 393,668 Class A Ordinary Shares in the registered direct offering (the "Pre-funded Warrants"), and iii) warrants to purchase up to 1,562,502 Class A Ordinary Shares in the concurrent private placement (the "Common Warrants") at a combined offering price for each Class A ordinary share and accompanying Common Warrant of $4.80. The Pre-funded Warrants are exercisable immediately and at any time until all of the Pre-funded Warrants are fully exercised, at an exercise price of $0.0001 per Class A Ordinary Share.

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U Power Accelerates EV Adoption in Portugal with Customized UOTTA Battery-swapping Stations

SHANGHAI , Jan. 27, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has expanded its UOTTA battery swapping solutions with a new compact 8-slot battery-swapping station, set to be delivered to Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros ("ANTRAL"), Portugal's national taxi association in the first half of 2025. This expansion with ANTRAL, which represents public passenger transport companies operating light vehicles, marks another milestone in the Company's growing European market presence.

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U Power Announces Pricing of $5.0 Million Registered Direct Offering

SHANGHAI , Jan. 24, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has entered into a securities purchase agreement with certain institutional investors to sell 1,041,668 Class A ordinary shares (or pre-funded warrants in lieu thereof) of the Company in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investors warrants to purchase up to 1,562,502 Class A ordinary shares.

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U Power Limited Commences Commercial Operations in Peru with UOTTA Battery-Swapping Technology

- UOTTA Two-Wheeler and Three-Wheeler Battery Swapping Solutions Selected by Treep Mobility Group S.A.C.- SHANGHAI , Jan. 23, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that its UOTTA battery-swapping technology for two-wheeler and three-wheeler electric vehicles has been selected by Treep Mobility Group S.A.C.

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U Power Limited Expands European Presence with UOTTA Technology Implementation in Portugal

-Energy U Limited, Subsidiary of U Power, Forms Joint Venture to Deploy Battery Swapping Solutions- SHANGHAI , Jan. 6, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced its wholly-owned subsidiary, Energy U Limited, has signed a joint venture agreement with Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros ("ANTRAL"), Portugal's national taxi association representing public passenger road transport companies operating light vehicles, marking the Company's strategic advancement in the European market. Following successful pilot testing of U Power's battery-swapping technology in Portugal, initial operations are commencing with 40 vehicles per battery-swapping station.

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U Power and Ualabee Join Forces to Bring Innovative Battery-Swapping Solutions to South America's Ride-Hailing Market

Strategic Partnership Aims to Revolutionize South American Ride-Hailing SHANGHAI , Oct. 21, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) ("U Power" or "the Company"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced the signing of a Memorandum of Understanding with Ualabee Corp., a leading South American mobile travel platform. The strategic partnership aims to integrate U Power's proprietary UOTTA battery-swapping technology into Ualabee's ride-hailing services across South America, marking a significant step in the Company's global expansion strategy.

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U Power Announces First Half of 2024 Financial Results

SHANGHAI , Oct. 8, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced its financial results for the six months ended June 30, 2024. Mr. Jia Li, Chief Executive Officer and Chairman of the Board of Directors of the Company, commented, "In the first half of fiscal year 2024, our business achieved 595.7% year-over-year revenue growth to reach RMB13.2 million.

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U Power and Velo Labs Collaborate to Establish Asset Fund Trading Platform for Battery Banks

SHANGHAI, Aug. 5, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that it has signed a Memorandum of Understanding with Velo Labs Technology Ltd. ("Velo Labs"), a global fintech company, to establish a battery infrastructure investment ecosystem in Thailand.

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U Power Expands Global Footprint with Strategic Move into Thai Market

SHANGHAI , July 3, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that it had signed a Memorandum of Understanding ("MoU") with Pattaya AI Terminal Co., Ltd. ("Pattaya AI") to jointly drive the strategic development of green logistics and electric vehicle ("EV") infrastructure in Thailand.

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Plug Receives Industry Certification for its High-Powered Stationary System

Third-Party Validation Will Fast Track Implementation of Back-Up Power, EV Charging and Prime Power Solutions for Customers Third-Party Validation Will Fast Track Implementation of Back-Up Power, EV Charging and Prime Power Solutions for Customers

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UOTTA Technology to Be Adopted by a Portuguese National Taxi Association to Drive Decarbonization and Electric Mobility

SHANGHAI , June 5, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that its UOTTA technology and battery swapping station model is to be adopted in a strategic collaboration between UNEX EV B.V. ("UNEX") and Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros ("ANTRAL").

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U Power Limited Announces Follow-on Purchase Order of Battery Swapping Station by Major Taxi Operator in Jilin, China

SHANGHAI , June 3, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced a follow-on purchase order from a major taxi operator in Jilin, China. The follow-on order is for the purchase of U Power's advanced dual-mode intelligent battery swapping stations, which feature separate robotic guided vehicles (RGVs) for battery removal and installation.

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U Power Announces Filing of 2023 Annual Report with the SEC

SHANGHAI , May 16, 2024  /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announces that on May 15, 2024, the Company filed its 2023 annual report (20-F) with the U.S. Securities and Exchange Commission (the "SEC"). 2023 Financial Highlights Total net revenues increased by 153.5% year over year to RMB19.8 million (US$2.8 million) in 2023.

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U Power Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement

SHANGHAI , April 24, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated April 19, 2024, informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule") for continued listing on the Nasdaq Capital Market. Additionally, in application of Listing Rule 5815(d)(4)(B), the Company will be subject to a mandatory panel monitor for a period of one year from the date of this letter.

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Why Is U Power (UCAR) Stock Up 69% Today?

U Power (NASDAQ: UCAR ) stock is rising higher on Monday after the electric vehicle (EV) company announced plans to launch its commercial battery swap service. A press release from U Power reveals that the company is going to launch this service sometime this month.

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U Power To Launch Commercial Operation for its EV Battery Swapping System

SHANGHAI , April 8, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles (EVs) is poised for a formal commercial rollout in Wuhu, Anhui Province, China. The rollout, which is expected to take place during April 2024, follows a successful round of market validations in February.

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Why Is U Power (UCAR) Stock Up 12% Today?

U Power (NASDAQ: UCAR ) stock is up on Monday as the Chinese electric vehicle (EV) company prepares for a reverse stock split later this week. U Power will consolidate 100 shares of UCAR into a single share of stock when markets open on Wednesday.

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U Power Limited Announces 1-for-100 Share Consolidation

SHANGHAI , March 29, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that the Company held an extraordinary general meeting of shareholders on Monday, March 25, 2024, at which the shareholders approved the proposal for a 1-for-100 reverse share split of the Company's ordinary shares (the "Share Consolidation"). No fractional shares will be issued in connection with the Share Consolidation and all fractional shares (after aggregating all fractional shares that would otherwise be received by a shareholder) resulting from the Share Consolidation will be rounded up to the whole number of shares.

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U Power Limited Enters into a Memorandum of Understanding with Durapower Holdings Pte Ltd.

SHANGHAI , Feb. 23, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has entered into a Memorandum of Understanding (the "MOU") on February 6, 2024, with Durapower Holdings Pte Ltd. ("Durapower"), a Singapore-based lithium-ion battery manufacturer.

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U Power Limited Receives Nasdaq Delisting Notification and Intends to Appeal

SHANGHAI , Feb. 20, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that on February 14, 2024, it received a notification letter (the "Letter") from the Listing Qualifications department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company of Nasdaq's determination to delist the Company's ordinary shares from The Nasdaq Capital Market because the Company's ordinary shares had a closing bid price of $0.10 or less for ten consecutive trading days as of February 13, 2024, which triggered a notice of delisting pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the "Low Priced Stocks Rule"). In addition to the Low Priced Stocks Rule delisting notice, the Company also currently fails to satisfy the requirement that the closing bid price of its ordinary shares remain at $1.00 or higher, as required by Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Rule"), and had received a notice from Nasdaq in that regard on January 19, 2024.

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U Power Announces Market Validation Phase of Shared Battery Swapping Solution for Two- and Four-wheeled EVs

SHANGHAI , Feb. 12, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that their shared battery swapping solution designed for both two- and lightweight four-wheeled electric vehicles ("EVs") has entered the market validation phase. The first batch of over 40 battery swapping stations offering battery swapping services for both two- and lightweight four-wheeled EVs has been set up in Shanxi, China, catering specifically to the needs of delivery services and the food delivery industry.

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U Power Announces Appointment of New Independent Director

SHANGHAI , Feb. 8, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that Mr. Bo Lyu resigned from the board of directors of the Company (the "Board") on January 31, 2024, and that the Board has appointed Jean Christophe von Pfetten ("Prof.

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U Power and Cornerstone Sign MoU to Explore the Application of New Energy Charging Equipment and EV Product Solutions in Hong Kong and Southeast Asia

SHANGHAI, Feb. 6, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has signed a Memorandum of Understanding ("MoU") with Cornerstone Technologies Holdings Limited ("Cornerstone"), a leading EV charging solution provider and charge point operator based in Hong Kong with an increasing presence across South East Asia, to jointly explore and develop a strategic business relationship. Pursuant to the MoU, U Power and Cornerstone intend to jointly assess and promote the application of new energy charging equipment and EV product solutions, such as battery swapping stations and other charging equipment to provide effective and sustainable solutions in Hong Kong and the Southeast Asia region.

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U Power Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

Shanghai, China, Jan. 23, 2024 (GLOBE NEWSWIRE) -- U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced the Company had received a notification letter (the “Notification Letter”), dated January 19, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), indicating that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq.

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U Power Limited Announces Closing of Registered Follow-on Offering

Shanghai, China, Dec. 06, 2023 (GLOBE NEWSWIRE) -- U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced the closing of its best-efforts follow-on offering (the “Offering”) of 10,000,000 units at a purchase price of US$1.20 per unit. Each unit consisted of one ordinary share of the Company, one Series A warrant to purchase one ordinary share of the Company, and one Series B warrant to purchase one ordinary share of the Company. The Series A warrants were immediately exercisable and will expire on the fifth anniversary of the original issuance date at an exercise price of US$1.20, and the Series B warrants were immediately exercisable and will expire on the fifth anniversary of the original issuance date at an exercise price of US$1.54.

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U Power Limited Announces Pricing of Registered Follow-on Offering

Shanghai, China, Dec. 04, 2023 (GLOBE NEWSWIRE) -- U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced the pricing of its best-efforts follow-on offering (the “Offering”) of up to 10,000,000 units at a purchase price of US$1.20 per unit. Each unit consists of one ordinary share of the Company, one Series A warrant to purchase one ordinary share of the Company, and one Series B warrant to purchase one ordinary share of the Company. The Series A warrants will be immediately exercisable and will expire on the fifth anniversary of the original issuance date at an exercise price of US$1.20, and the Series B warrants will be immediately exercisable and will expire on the fifth anniversary of the original issuance date at an exercise price of US$1.54. The Company expects to close the Offering on or about December 6, 2023, subject to the satisfaction of customary closing conditions.

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U Power Earnings

This section highlights U Power's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date:
Time:
Est. EPS: $-
Status: Unconfirmed

Last Earnings Results

Date: March 06, 2024
EPS: $-
Est. EPS: $-
Revenue: $-

Earnings Call Transcripts

Transcript Quarter Year Date Estimated EPS Actual EPS

Financial Statements

Access annual & quarterly financial statements for U Power, including income statements, balance sheets, and cash flow statements..

Annual Income Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Revenue $19.76M $7.80M $8.01M $1.46M
Cost of Revenue $7.59M $5.14M $5.14M $-
Gross Profit $12.17M $2.66M $2.87M $1.46M
Gross Profit Ratio 61.59% 34.11% 35.87% 100.00%
Research and Development Expenses $2.18M $9.35M $5.37M $111.00K
General and Administrative Expenses $41.22M $37.71M $37.59M $14.07M
Selling and Marketing Expenses $2.48M $2.04M $4.86M $3.01M
Selling General and Administrative Expenses $43.70M $39.76M $42.45M $17.08M
Other Expenses $3.19M $-698.00K $-1.27M $9.58M
Operating Expenses $49.08M $58.91M $47.82M $17.48M
Cost and Expenses $56.67M $64.05M $52.96M $17.48M
Interest Income $562.00K $49.00K $437.00K $436.00K
Interest Expense $1.86M $764.00K $696.00K $532.00K
Depreciation and Amortization $8.33M $7.70M $5.22M $1.41M
EBITDA $-12.67M $-49.19M $-40.56M $-4.59M
EBITDA Ratio -64.09% -631.02% -549.48% -356.01%
Operating Income $-36.90M $-56.25M $-44.95M $-16.01M
Operating Income Ratio -186.72% -721.51% -561.19% -1093.72%
Total Other Income Expenses Net $14.05M $-1.41M $-1.53M $9.48M
Income Before Tax $-22.85M $-57.66M $-46.48M $-6.53M
Income Before Tax Ratio -115.63% -739.64% -580.30% -446.04%
Income Tax Expense $2.61M $5.00K $2.58M $9.09M
Net Income $-19.34M $-45.92M $-41.40M $-5.51M
Net Income Ratio -97.84% -589.03% -516.84% -376.37%
EPS $-15.56 $-91.84 $-82.80 $-11.02
EPS Diluted $-15.56 $-91.84 $-82.80 $-11.02
Weighted Average Shares Outstanding 1.24M 500.00K 500.00K 500.00K
Weighted Average Shares Outstanding Diluted 1.24M 500.00K 500.00K 500.00K
SEC Filing Source Source Source Source


Income Statement Charts

Breakdown June 30, 2024 December 31, 2023 June 30, 2023 December 31, 2022 December 31, 2021 June 30, 2021 December 31, 2020 June 30, 2020
Revenue $13.28M $17.49M $1.98M $1.76M $4.00M $4.00M $732.00K $732.00K
Cost of Revenue $17.46M $11.00M $4.89M $1.19M $2.57M $2.57M $- $-
Gross Profit $-4.18M $6.49M $-2.91M $565.00K $1.44M $1.44M $732.00K $732.00K
Gross Profit Ratio -31.48% 37.10% -146.78% 32.11% 35.87% 35.87% 100.00% 100.00%
Research and Development Expenses $579.06K $237.83K $2.03M $3.27M $2.69M $2.69M $55.50K $55.50K
General and Administrative Expenses $- $- $- $13.09M $18.79M $18.79M $7.03M $7.03M
Selling and Marketing Expenses $- $- $- $587.50K $2.43M $2.43M $1.50M $1.50M
Selling General and Administrative Expenses $21.82M $20.32M $16.52M $18.58M $21.23M $21.23M $8.54M $8.54M
Other Expenses $- $- $- $- $-636.00K $-636.00K $4.79M $4.79M
Operating Expenses $22.40M $20.56M $18.55M $21.85M $23.91M $23.91M $8.74M $8.74M
Cost and Expenses $39.87M $31.56M $23.44M $23.05M $26.48M $26.48M $8.74M $8.74M
Interest Income $7.05K $519.72K $32.39K $- $218.50K $218.50K $218.00K $218.00K
Interest Expense $883.19K $1.33M $519.35K $- $348.00K $348.00K $266.00K $266.00K
Depreciation and Amortization $5.48M $4.15M $4.27M $735.00K $2.61M $2.61M $703.00K $703.00K
EBITDA $-20.34M $-11.17M $-1.31M $-20.55M $-20.28M $-20.28M $-2.30M $-2.30M
EBITDA Ratio -153.14% -56.70% -867.62% -1168.14% -506.43% -506.43% -313.66% -313.66%
Operating Income $-26.58M $-14.07M $-21.46M $-21.29M $-22.48M $-22.48M $-8.01M $-8.01M
Operating Income Ratio -200.12% -80.45% -1082.91% -1209.92% -561.19% -561.19% -1093.72% -1093.72%
Total Other Income Expenses Net $-120.85K $-2.59M $15.36M $-1.05M $-765.50K $-765.50K $4.74M $4.74M
Income Before Tax $-26.70M $-16.66M $-6.10M $-22.34M $-23.24M $-23.24M $-3.27M $-3.27M
Income Before Tax Ratio -201.03% -95.25% -307.70% -1269.71% -580.30% -580.30% -446.04% -446.04%
Income Tax Expense $-2.25M $1.24M $1.40M $- $1.29M $1.29M $4.54M $4.54M
Net Income $-23.69M $-15.53M $-3.62M $-17.48M $-20.70M $-20.70M $-2.75M $-2.75M
Net Income Ratio -178.35% -88.82% -182.86% -993.58% -516.84% -516.84% -376.37% -376.37%
EPS $-19.04 $-12.47 $-7.17 $-34.96 $-41.40 $-41.40 $-5.51 $-5.51
EPS Diluted $-19.04 $-12.47 $-7.17 $-34.96 $-41.40 $-41.40 $-5.51 $-5.51
Weighted Average Shares Outstanding 1.24M 1.24M 504.17K 500.00K 500.00K 500.00K 500.00K 500.00K
Weighted Average Shares Outstanding Diluted 1.24M 1.24M 504.17K 500.00K 500.00K 500.00K 500.00K 500.00K
SEC Filing Source Source Source Source Source Source Source Source

Annual Balance Sheet

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Cash and Cash Equivalents $1.93M $4.88M $14.79M $121.43M
Short Term Investments $1.83M $1.22M $905.00K $807.00K
Cash and Short Term Investments $3.75M $4.88M $14.79M $121.43M
Net Receivables $15.75M $1.74M $193.00K $12.00K
Inventory $5.44M $5.46M $13.45M $197.00K
Other Current Assets $138.25M $40.72M $98.97M $12.88M
Total Current Assets $163.20M $54.01M $128.30M $135.33M
Property Plant Equipment Net $33.42M $35.53M $35.76M $5.49M
Goodwill $- $- $- $-
Intangible Assets $201.00K $286.00K $608.00K $46.00K
Goodwill and Intangible Assets $201.00K $286.00K $608.00K $46.00K
Long Term Investments $123.37M $111.81M $110.00M $120.00M
Tax Assets $- $80.18M $78.81M $67.75M
Other Non-Current Assets $108.80M $30.00K $189.00K $95.00K
Total Non-Current Assets $265.79M $227.84M $225.37M $193.38M
Other Assets $- $- $- $-
Total Assets $428.99M $281.85M $353.67M $328.71M
Account Payables $10.23M $11.13M $9.80M $1.31M
Short Term Debt $39.27M $21.30M $7.66M $17.48M
Tax Payables $5.20M $2.58M $2.58M $-
Deferred Revenue $- $3.56M $53.98M $8.81M
Other Current Liabilities $20.18M $24.14M $56.78M $10.52M
Total Current Liabilities $74.88M $59.15M $76.82M $29.31M
Long Term Debt $5.98M $14.79M $19.16M $9.32M
Deferred Revenue Non-Current $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $-
Other Non-Current Liabilities $3.51M $2.90M $- $-
Total Non-Current Liabilities $9.49M $17.69M $19.16M $9.32M
Other Liabilities $- $- $- $-
Total Liabilities $84.37M $76.84M $95.99M $38.63M
Preferred Stock $- $- $- $-
Common Stock $- $- $- $-
Retained Earnings $-173.18M $-153.84M $-107.92M $-66.52M
Accumulated Other Comprehensive Income Loss $446.00K $0 $0 $-
Other Total Stockholders Equity $479.40M $319.77M $319.77M $305.71M
Total Stockholders Equity $306.67M $165.94M $211.86M $239.19M
Total Equity $344.62M $205.01M $257.68M $290.08M
Total Liabilities and Stockholders Equity $428.99M $281.85M $353.67M $328.71M
Minority Interest $37.95M $39.08M $45.82M $50.88M
Total Liabilities and Total Equity $428.99M $281.85M $353.67M $328.71M
Total Investments $123.37M $111.81M $110.00M $120.00M
Total Debt $45.25M $36.09M $26.83M $26.81M
Net Debt $43.32M $31.21M $12.04M $-94.62M


Balance Sheet Charts

Breakdown June 30, 2024 December 31, 2023 June 30, 2023 December 31, 2022 June 30, 2022 December 31, 2021
Cash and Cash Equivalents $39.62M $1.93M $107.83M $4.88M $11.86M $14.79M
Short Term Investments $2.09M $1.83M $1.14M $1.22M $359.00K $905.00K
Cash and Short Term Investments $41.71M $1.93M $107.83M $4.88M $11.86M $14.79M
Net Receivables $18.55M $15.75M $655.00K $1.74M $3.11M $193.00K
Inventory $5.99M $5.44M $6.61M $5.46M $14.96M $13.45M
Other Current Assets $86.43M $138.25M $55.22M $40.72M $55.13M $98.97M
Total Current Assets $152.68M $163.20M $171.45M $54.01M $85.42M $128.30M
Property Plant Equipment Net $28.36M $33.42M $30.86M $35.53M $33.20M $35.76M
Goodwill $- $- $- $- $- $-
Intangible Assets $167.00K $201.00K $236.00K $286.00K $308.00K $608.00K
Goodwill and Intangible Assets $167.00K $201.00K $236.00K $286.00K $308.00K $608.00K
Long Term Investments $143.91M $123.37M $111.79M $111.81M $111.75M $110.00M
Tax Assets $- $72.77M $74.88M $80.18M $79.60M $78.81M
Other Non-Current Assets $95.82M $36.03M $24.00K $30.00K $138.00K $189.00K
Total Non-Current Assets $268.26M $265.79M $217.79M $227.84M $225.00M $225.37M
Other Assets $- $- $- $- $- $-
Total Assets $420.94M $428.99M $389.24M $281.85M $310.42M $353.67M
Account Payables $18.13M $10.23M $13.18M $11.13M $12.02M $9.80M
Short Term Debt $33.05M $39.27M $27.74M $21.30M $7.43M $7.66M
Tax Payables $- $5.20M $3.93M $2.58M $2.58M $2.58M
Deferred Revenue $- $2.87M $5.20M $3.56M $21.05M $53.98M
Other Current Liabilities $18.64M $20.18M $26.64M $24.14M $26.46M $56.78M
Total Current Liabilities $69.82M $74.88M $71.49M $59.15M $48.49M $76.82M
Long Term Debt $5.05M $5.98M $14.36M $14.79M $17.23M $19.16M
Deferred Revenue Non-Current $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $-
Other Non-Current Liabilities $- $3.51M $2.90M $2.90M $- $-
Total Non-Current Liabilities $5.05M $9.49M $17.26M $17.69M $17.23M $19.16M
Other Liabilities $- $- $- $- $- $-
Total Liabilities $74.87M $84.37M $88.75M $76.84M $65.72M $95.99M
Preferred Stock $- $- $- $- $- $-
Common Stock $- $- $- $- $- $-
Retained Earnings $-196.70M $-173.18M $-157.31M $-153.84M $-118.87M $-107.92M
Accumulated Other Comprehensive Income Loss $-0 $446.00K $- $0 $0 $0
Other Total Stockholders Equity $507.81M $479.40M $417.43M $319.77M $319.77M $319.77M
Total Stockholders Equity $311.11M $306.67M $260.12M $165.94M $200.90M $211.86M
Total Equity $346.06M $344.62M $300.49M $205.01M $244.70M $257.68M
Total Liabilities and Stockholders Equity $420.94M $428.99M $389.24M $281.85M $310.42M $353.67M
Minority Interest $34.96M $37.95M $40.37M $39.08M $43.80M $45.82M
Total Liabilities and Total Equity $420.94M $428.99M $389.24M $281.85M $310.42M $353.67M
Total Investments $146.00M $123.37M $111.79M $111.81M $111.75M $110.00M
Total Debt $38.10M $45.25M $42.10M $36.09M $24.66M $26.83M
Net Debt $-1.52M $43.32M $-65.73M $31.21M $12.80M $12.04M

Annual Cash Flow

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Net Income $-19.34M $-57.67M $-49.06M $-6.53M
Depreciation and Amortization $8.33M $7.70M $1.77M $786.00K
Deferred Income Tax $- $- $- $-
Stock Based Compensation $- $- $- $-
Change in Working Capital $-51.59M $25.30M $-38.39M $-17.27M
Accounts Receivables $-14.17M $-1.42M $-181.00K $379.00K
Inventory $107.00K $7.81M $-13.25M $209.00K
Accounts Payables $-899.00K $1.33M $8.49M $165.00K
Other Working Capital $-36.63M $17.58M $-33.44M $-18.02M
Other Non Cash Items $-2.84M $11.77M $3.45M $620.00K
Net Cash Provided by Operating Activities $-65.44M $-12.89M $-82.23M $-22.39M
Investments in Property Plant and Equipment $-881.00K $-7.80M $-11.00M $-1.33M
Acquisitions Net $- $- $- $-
Purchases of Investments $-11.75M $-1.85M $- $-
Sales Maturities of Investments $7.41M $2.12M $13.61M $-
Other Investing Activities $-78.85M $-3.59M $-3.76M $-131.81M
Net Cash Used for Investing Activities $-84.08M $-11.39M $-14.76M $-133.14M
Debt Repayment $18.21M $-500.00K $-5.00M $20.00M
Common Stock Issued $156.20M $- $999.00K $255.62M
Common Stock Repurchased $- $- $- $-
Dividends Paid $- $- $- $-
Other Financing Activities $5.00M $5.00M $999.00K $-
Net Cash Used Provided by Financing Activities $179.40M $4.50M $-4.00M $275.62M
Effect of Forex Changes on Cash $446.00K $- $- $-
Net Change in Cash $30.33M $-19.78M $-100.99M $120.08M
Cash at End of Period $36.24M $5.91M $25.69M $126.68M
Cash at Beginning of Period $5.91M $25.69M $126.68M $6.59M
Operating Cash Flow $-65.44M $-12.89M $-82.23M $-22.39M
Capital Expenditure $-881.00K $-7.80M $-11.00M $-1.33M
Free Cash Flow $-66.32M $-20.69M $-93.22M $-23.73M

Cash Flow Charts

Breakdown June 30, 2024 December 31, 2023 June 30, 2023 December 31, 2022 December 31, 2021 June 30, 2021 December 31, 2020 June 30, 2020
Net Income $-23.52M $-15.53M $-3.62M $-17.48M $-24.53M $-24.53M $-3.27M $-3.27M
Depreciation and Amortization $5.48M $4.15M $4.27M $166.50K $886.50K $886.50K $393.00K $393.00K
Deferred Income Tax $- $- $- $- $- $- $- $-
Stock Based Compensation $- $- $- $- $- $- $- $-
Change in Working Capital $-10.50M $-45.39M $-5.22M $24.43M $-19.19M $-19.19M $-8.63M $-8.63M
Accounts Receivables $-3.09M $-14.79M $917.49K $744.50K $-90.50K $-90.50K $189.50K $189.50K
Inventory $-685.81K $8.53M $-12.54M $17.15M $-6.62M $-6.62M $104.50K $104.50K
Accounts Payables $7.96M $-2.98M $2.15M $- $4.24M $4.24M $82.50K $82.50K
Other Working Capital $-14.69M $-36.15M $4.26M $6.53M $-16.72M $-16.72M $-9.01M $-9.01M
Other Non Cash Items $-3.45M $16.40M $16.31M $-7.48M $1.72M $1.72M $310.00K $310.00K
Net Cash Provided by Operating Activities $-32.00M $-57.92M $-6.27M $-374.50K $-41.11M $-41.11M $-11.20M $-11.20M
Investments in Property Plant and Equipment $-174.50K $57.92M $- $-3.45M $-5.50M $-5.50M $-666.50K $-666.50K
Acquisitions Net $23.24M $-1.21M $6.24M $- $- $- $- $-
Purchases of Investments $- $-11.50M $- $- $- $- $- $-
Sales Maturities of Investments $- $- $20.90K $- $6.81M $6.81M $- $-
Other Investing Activities $13.74M $-75.35M $5.55M $-1.30M $-1.88M $-1.88M $-65.90M $-65.90M
Net Cash Used for Investing Activities $36.81M $-88.94M $11.81M $-4.75M $-7.38M $-7.38M $-66.57M $-66.57M
Debt Repayment $- $2.52M $- $- $-2.50M $-2.50M $10.00M $10.00M
Common Stock Issued $- $53.07M $102.05M $- $499.50K $499.50K $127.81M $127.81M
Common Stock Repurchased $- $- $- $- $- $- $- $-
Dividends Paid $- $- $- $- $- $- $- $-
Other Financing Activities $-503.53K $- $- $1.70M $499.50K $499.50K $- $-
Net Cash Used Provided by Financing Activities $-503.53K $70.89M $102.05M $1.70M $-2.00M $-2.00M $137.81M $137.81M
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $-
Net Change in Cash $3.39M $-69.96M $107.58M $- $-100.99M $-100.99M $120.08M $120.08M
Cash at End of Period $40.52M $36.20M $108.54M $- $25.69M $25.69M $126.68M $126.68M
Cash at Beginning of Period $37.13M $106.16M $959.25K $- $126.68M $126.68M $6.59M $6.59M
Operating Cash Flow $-32.00M $-57.92M $-6.27M $-374.50K $-41.11M $-41.11M $-11.20M $-11.20M
Capital Expenditure $-351.44K $57.92M $- $-3.45M $-5.50M $-5.50M $-666.50K $-666.50K
Free Cash Flow $-32.35M $- $-6.27M $-3.83M $-46.61M $-46.61M $-11.86M $-11.86M


No forecast data available for UCAR at this time.

U Power Dividends

Explore U Power's dividend history, including dividend yield, payout ratio, and historical payments.

U Power does not currently pay a dividend.

Peers: Auto - Dealerships

This section provides companies within the same sector, on the same exchange, and of similar market capitalization, allowing comparisons of key financial indicators among peers.

Company Market Cap Price EPS P/E Ratio P/B Ratio
 Logo
$- $ $ $ $
KXIN Logo
Kaixin Auto Holdings
KXIN
$2.36M $1.40 $-2.34 $-22.56 $19.03
CZOO Logo
Cazoo Group Ltd
CZOO
$29.54M $6.04 $-13.61 $-19.08 $135.37
UXIN Logo
Uxin Limited
UXIN
$901.49M $4.80 $-3.06 $-50.26 $-3.78
SDA Logo
SunCar Technology Group Inc.
SDA
$547.43M $5.04 $-0.31 $-26.19 $43.84
CVNA Logo
Carvana Co.
CVNA
$59.24B $285.33 $4.12 $12.86 $23.82
SFT Logo
Shift Technologies, Inc.
SFT
$2.89M $0.17 $-19.91 $-0.07 $-0.22
KMX Logo
CarMax, Inc.
KMX
$13.67B $88.90 $3.03 $26.08 $2.06
VRM Logo
Vroom, Inc.
VRM
$9.13M $5.01 $-209.70 $-0.23 $0.69
CWH Logo
Camping World Holdings, Inc.
CWH
$1.37B $22.78 $0.70 $37.75 $9.41
CANG Logo
Cango Inc.
CANG
$501.02M $4.60 $-0.16 $-46.46 $0.46

Related Metrics

Explore detailed financial metrics and analysis for UCAR.

Financial Reports (10-Q, 10-K)
Current Reports (8-K)
Proxy Statements
Other Filings