U Power Limited (UCAR)

U Power Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	22.7	23.44	1.93	4.88	14.79	121.43
Short-Term Investments	3.11	4.59	1.83	1.22	0.91	0.81
Cash & Short-Term Investments	25.81	28.03	3.76	6.1	15.69	122.24
Cash Growth	-38.12%	646.34%	-38.43%	-61.13%	-87.16%	-
Accounts Receivable	18.36	10.37	15.75	1.62	0.19	0.01
Other Receivables	47.57	23.38	9.29	9.41	6.93	0.9
Receivables	86.25	55.06	43.86	32.66	11.12	1.92
Inventory	12.98	9.87	5.44	5.46	13.45	0.2
Restricted Cash	0.3	1.24	34.31	1.03	10.9	5.25
Other Current Assets	15.08	10.88	75.83	8.77	77.14	5.73
Total Current Assets	140.42	105.08	163.2	54.01	128.3	135.33
Property, Plant & Equipment	20.65	24.86	33.42	35.53	35.76	5.49
Long-Term Investments	134.03	134.11	123.37	111.81	110	120
Other Intangible Assets	0.1	0.13	0.2	0.29	0.61	0.05
Other Long-Term Assets	20.62	39.8	72.77	80.18	79	67.85
Total Assets	396.03	385.71	428.99	281.85	353.67	328.71
Accounts Payable	17.23	14.31	10.23	11.13	9.8	1.31
Accrued Expenses	8.55	5.39	7.19	13.41	2.22	0.92
Short-Term Debt	19.95	19.96	28.02	13.1	1.85	3
Current Portion of Long-Term Debt	5.8	2.8	9.5	6.5	1.5	13
Current Portion of Leases	0.98	1.84	1.75	1.7	4.32	1.48
Current Income Taxes Payable	5.5	5.17	5.2	2.58	2.58	-
Other Current Liabilities	5.12	7.43	13	10.73	54.56	9.6
Total Current Liabilities	63.12	56.9	74.88	59.15	76.82	29.31
Long-Term Debt	-	3.7	-	10	15.5	7
Long-Term Leases	2.93	4.14	5.98	4.79	3.67	2.32
Other Long-Term Liabilities	3	-	3.51	2.9	-	-
Total Liabilities	69.05	64.73	84.37	76.84	95.99	38.63
Additional Paid-In Capital	545.96	512.57	479.4	319.78	319.78	305.71
Retained Earnings	-243.1	-221.1	-173.18	-153.84	-107.92	-66.52
Comprehensive Income & Other	-	-	0.45	-	-	-
Total Common Equity	302.87	291.47	306.67	165.94	211.86	239.19
Minority Interest	24.11	29.51	37.95	39.08	45.82	50.89
Shareholders' Equity	326.97	320.98	344.62	205.02	257.68	290.08
Total Liabilities & Equity	396.03	385.71	428.99	281.85	353.67	328.71
Total Debt	29.67	32.44	45.25	36.09	26.83	26.81
Net Cash (Debt)	-3.86	-4.41	-41.49	-29.99	-11.14	95.43
Net Cash Per Share	-1.22	-1.55	-33.38	-59.98	-22.27	190.86
Filing Date Shares Outstanding	4.42	3.38	2.46	0.5	0.5	0.5
Total Common Shares Outstanding	4.42	3.38	1.24	0.5	0.5	0.5
Working Capital	77.3	48.18	88.32	-5.14	51.48	106.02
Book Value Per Share	68.52	86.28	246.69	331.87	423.72	478.38
Tangible Book Value	302.77	291.34	306.47	165.65	211.25	239.15
Tangible Book Value Per Share	68.50	86.24	246.53	331.30	422.50	478.29
Machinery	21.05	19.57	18.53	17.74	11.66	2.52
Construction In Progress	0.09	-	1.06	1.95	-	-
Leasehold Improvements	0.53	0.53	0.75	0.75	0.86	0.68

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q