U Power $UCAR

Information Technology

$3.87
-0.14 (-3.37%)
As of Oct 5, 2026, 5:11 PM EDT
Price history
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U Power (UCAR) is trading down at $3.87 (-3.37%), as of the latest quote. It operates in the Information Technology sector.

IPO: April 20, 2023 · $6.00 offering · NASDAQ · View IPO details →

U Power revenue & net income history (FY2020–FY2025)

RevenueNet income
CN¥44.3M−CN¥12.2M−CN¥68.7MFY2020 revenue: CN¥1.46MFY2020 net income: −CN¥5.51M'20FY2021 revenue: CN¥8.01MFY2021 net income: −CN¥41.4M'21FY2022 revenue: CN¥7.80MFY2022 net income: −CN¥45.9M'22FY2023 revenue: CN¥19.8MFY2023 net income: −CN¥19.3M'23FY2024 revenue: CN¥44.3MFY2024 net income: −CN¥47.9M'24FY2025 revenue: CN¥41.1MFY2025 net income: −CN¥68.7M'25
U Power annual financial statements
FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
RevenueCN¥1.46MCN¥8.01MCN¥7.80MCN¥19.8MCN¥44.3MCN¥41.1M
Growth (year over year)—+447.1%−2.7%+153.5%+124.1%−7.1%
Gross profitCN¥1.46MCN¥2.87MCN¥2.66MCN¥12.2MCN¥10.5MCN¥14.9M
Gross margin100.0%35.9%34.1%61.6%23.6%36.3%
Operating income−CN¥16.0M−CN¥45.0M−CN¥56.2M−CN¥36.9M−CN¥58.0M−CN¥58.3M
Operating margin−1093.7%−561.2%−721.5%−186.7%−130.9%−141.7%
Net income−CN¥5.51M−CN¥41.4M−CN¥45.9M−CN¥19.3M−CN¥47.9M−CN¥68.7M
Net margin−376.4%−516.8%−589.0%−97.8%−108.2%−167.1%
EPS (diluted)−CN¥1100.00−CN¥82.80−CN¥91.84−CN¥15.56−CN¥16.79−CN¥15.05
Balance sheet
Cash and equivalentsCN¥126.7MCN¥14.8MCN¥4.88MCN¥1.93MCN¥23.4MCN¥22.0M
Total assets—CN¥353.7MCN¥281.9MCN¥429.0MCN¥385.7MCN¥378.8M
Total liabilities—CN¥96.0MCN¥73.9MCN¥80.9MCN¥64.7MCN¥84.2M
Long-term debt—CN¥9.00MCN¥10.0M———
Shareholders' equityCN¥290.1MCN¥211.9MCN¥165.9MCN¥306.7MCN¥291.5MCN¥271.0M
Cash flow
Operating cash flow−CN¥22.4M−CN¥82.2M−CN¥12.9M−CN¥65.4M−CN¥73.2M−CN¥69.9M
Capital expenditureCN¥1.33MCN¥9.57MCN¥7.77MCN¥881.0KCN¥10.0KCN¥500.0K
Free cash flow−CN¥23.7M−CN¥91.8M−CN¥20.7M−CN¥66.3M−CN¥73.2M−CN¥70.4M

From U Power's 20-F and 6-K filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Amounts are in Chinese Yuan (CNY), as reported, not converted to dollars. Per-share figures are per ordinary share, which is not always the share traded in the US: an ADS can stand for several, or for part of one. Filings on SEC EDGAR →

About U Power

Headquarters
Shanghai, China From SEC filings, Oct 2026

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