
U Power (UCAR) Stock
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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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").

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

U Power Earnings
This section highlights U Power's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
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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 |
U Power Dividends
Explore U Power's dividend history, including dividend yield, payout ratio, and historical payments.
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 |
---|---|---|---|---|---|
![]() |
$- | $ | $ | $ | $ |
![]() Kaixin Auto Holdings
KXIN
|
$2.36M | $1.40 | $-2.34 | $-22.56 | $19.03 |
![]() Cazoo Group Ltd
CZOO
|
$29.54M | $6.04 | $-13.61 | $-19.08 | $135.37 |
![]() Uxin Limited
UXIN
|
$901.49M | $4.80 | $-3.06 | $-50.26 | $-3.78 |
![]() SunCar Technology Group Inc.
SDA
|
$547.43M | $5.04 | $-0.31 | $-26.19 | $43.84 |
![]() Carvana Co.
CVNA
|
$59.24B | $285.33 | $4.12 | $12.86 | $23.82 |
![]() Shift Technologies, Inc.
SFT
|
$2.89M | $0.17 | $-19.91 | $-0.07 | $-0.22 |
![]() CarMax, Inc.
KMX
|
$13.67B | $88.90 | $3.03 | $26.08 | $2.06 |
![]() Vroom, Inc.
VRM
|
$9.13M | $5.01 | $-209.70 | $-0.23 | $0.69 |
![]() Camping World Holdings, Inc.
CWH
|
$1.37B | $22.78 | $0.70 | $37.75 | $9.41 |
![]() Cango Inc.
CANG
|
$501.02M | $4.60 | $-0.16 | $-46.46 | $0.46 |
Related Metrics
Explore detailed financial metrics and analysis for UCAR.