U Power Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	39.62	1.93	4.88	14.79	121.43
Short-Term Investments	2.09	1.83	1.22	0.91	0.81
Cash & Short-Term Investments	41.71	3.76	6.1	15.69	122.24
Cash Growth	-61.73%	-38.43%	-61.13%	-87.16%	-
Accounts Receivable	18.55	15.75	1.62	0.19	0.01
Other Receivables	9.84	9.29	9.41	6.93	0.9
Receivables	47.61	43.86	32.66	11.12	1.92
Inventory	5.99	5.44	5.46	13.45	0.2
Restricted Cash	0.9	34.31	1.03	10.9	5.25
Other Current Assets	56.48	75.83	8.77	77.14	5.73
Total Current Assets	152.68	163.2	54.01	128.3	135.33
Property, Plant & Equipment	28.36	33.42	35.53	35.76	5.49
Long-Term Investments	143.91	123.37	111.81	110	120
Other Intangible Assets	0.17	0.2	0.29	0.61	0.05
Other Long-Term Assets	58.95	72.77	80.18	79	67.85
Total Assets	420.94	428.99	281.85	353.67	328.71
Accounts Payable	18.13	10.23	11.13	9.8	1.31
Accrued Expenses	6.8	7.85	13.41	2.22	0.92
Short-Term Debt	22.23	28.02	13.1	1.85	3
Current Portion of Long-Term Debt	9	9.5	6.5	1.5	13
Current Portion of Leases	1.81	1.75	1.7	4.32	1.48
Current Income Taxes Payable	5.2	5.2	2.58	2.58	-
Other Current Liabilities	6.64	12.33	10.73	54.56	9.6
Total Current Liabilities	69.82	74.88	59.15	76.82	29.31
Long-Term Debt	-	-	10	15.5	7
Long-Term Leases	5.05	5.98	4.79	3.67	2.32
Other Long-Term Liabilities	-	3.51	2.9	-	-
Total Liabilities	74.87	84.37	76.84	95.99	38.63
Additional Paid-In Capital	507.81	479.4	319.78	319.78	305.71
Retained Earnings	-196.7	-173.18	-153.84	-107.92	-66.52
Comprehensive Income & Other	-	0.45	-	-	-
Total Common Equity	311.11	306.67	165.94	211.86	239.19
Minority Interest	34.96	37.95	39.08	45.82	50.89
Shareholders' Equity	346.07	344.62	205.02	257.68	290.08
Total Liabilities & Equity	420.94	428.99	281.85	353.67	328.71
Total Debt	38.1	45.25	36.09	26.83	26.81
Net Cash (Debt)	3.61	-41.49	-29.99	-11.14	95.43
Net Cash Per Share	1.40	-33.38	-59.98	-22.27	190.86
Filing Date Shares Outstanding	3.17	2.46	0.5	0.5	0.5
Total Common Shares Outstanding	3.17	1.24	0.5	0.5	0.5
Working Capital	82.86	88.32	-5.14	51.48	106.02
Book Value Per Share	98.19	246.69	331.87	423.72	478.38
Tangible Book Value	310.94	306.47	165.65	211.25	239.15
Tangible Book Value Per Share	98.13	246.53	331.30	422.50	478.29
Machinery	19.8	18.53	17.74	11.66	2.52
Construction In Progress	-	1.06	1.95	-	-
Leasehold Improvements	0.75	0.75	0.75	0.86	0.68

Source: S&P Capital IQ. Standard template. Financial Sources.