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20-F

Annual Report (Foreign)

U Power Limited UCAR

0001213900-26-057792

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Filed
May 15, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 4.57M sh
Shares Diluted FY 2025 · Dec 31, 2024 2.85M sh
Shares Diluted FY 2025 · Dec 31, 2023 1.24M sh
Capex FY 2025 · Dec 31, 2025 $71K
Capex FY 2025 · Dec 31, 2025 ¥500K
Capex FY 2025 · Dec 31, 2024 ¥10K
Capex FY 2025 · Dec 31, 2023 ¥881K
Operating Cash Flow FY 2025 · Dec 31, 2025 −$9.94M
Operating Cash Flow FY 2025 · Dec 31, 2025 −¥69.89M
Operating Cash Flow FY 2025 · Dec 31, 2024 −¥73.17M
Operating Cash Flow FY 2025 · Dec 31, 2023 −¥65.44M
Short Term Debt FY 2025 · Dec 31, 2025 $4M
Cash And Equivalents FY 2025 · Dec 31, 2025 $3.12M
Cash And Equivalents FY 2025 · Dec 31, 2025 ¥21.95M
Cash And Equivalents FY 2025 · Dec 31, 2024 ¥23.44M
Stockholders Equity FY 2025 · Dec 31, 2025 $38.56M
Stockholders Equity FY 2025 · Dec 31, 2025 ¥271.02M
Stockholders Equity FY 2025 · Dec 31, 2024 ¥291.47M
Current Liabilities FY 2025 · Dec 31, 2025 $11.65M
Current Liabilities FY 2025 · Dec 31, 2025 ¥81.86M
Current Liabilities FY 2025 · Dec 31, 2024 ¥56.9M
Total Liabilities FY 2025 · Dec 31, 2025 $11.98M
Total Liabilities FY 2025 · Dec 31, 2025 ¥84.23M
Total Liabilities FY 2025 · Dec 31, 2024 ¥64.73M
Current Assets FY 2025 · Dec 31, 2025 $20.97M
Current Assets FY 2025 · Dec 31, 2025 ¥147.4M
Current Assets FY 2025 · Dec 31, 2024 ¥105.08M
Total Assets FY 2025 · Dec 31, 2025 $53.89M
Total Assets FY 2025 · Dec 31, 2025 ¥378.8M
Total Assets FY 2025 · Dec 31, 2024 ¥385.71M
Eps Diluted FY 2025 · Dec 31, 2025 −$2.14
Eps Diluted FY 2025 · Dec 31, 2025 −¥15.05
Eps Diluted FY 2025 · Dec 31, 2024 −¥16.79
Eps Diluted restated FY 2025 · Dec 31, 2023 −¥15.56
Eps Basic FY 2025 · Dec 31, 2025 −$2.14
Eps Basic FY 2025 · Dec 31, 2025 −¥15.05
Eps Basic FY 2025 · Dec 31, 2024 −¥16.79
Eps Basic FY 2025 · Dec 31, 2023 −¥15.56
Sga Expense FY 2025 · Dec 31, 2025 $7.49M
Sga Expense FY 2025 · Dec 31, 2025 ¥52.63M
Sga Expense FY 2025 · Dec 31, 2024 ¥46.91M
Sga Expense FY 2025 · Dec 31, 2023 ¥41.22M
Rd Expense FY 2025 · Dec 31, 2025 $654K
Rd Expense FY 2025 · Dec 31, 2025 ¥4.6M
Rd Expense FY 2025 · Dec 31, 2024 ¥2.99M
Rd Expense FY 2025 · Dec 31, 2023 ¥2.18M
Net Income FY 2025 · Dec 31, 2025 −$9.78M
Net Income FY 2025 · Dec 31, 2025 −¥68.72M
Net Income FY 2025 · Dec 31, 2024 −¥47.92M
Net Income FY 2025 · Dec 31, 2023 −¥19.34M
Operating Income FY 2025 · Dec 31, 2025 −$8.29M
Operating Income FY 2025 · Dec 31, 2025 −¥58.27M
Operating Income FY 2025 · Dec 31, 2024 −¥57.99M
Operating Income FY 2025 · Dec 31, 2023 −¥36.9M
Gross Profit FY 2025 · Dec 31, 2025 $2.12M
Gross Profit FY 2025 · Dec 31, 2025 ¥14.92M
Gross Profit FY 2025 · Dec 31, 2024 ¥10.46M
Gross Profit FY 2025 · Dec 31, 2023 ¥12.17M
Cost Of Revenue FY 2025 · Dec 31, 2025 $3.73M
Cost Of Revenue FY 2025 · Dec 31, 2025 ¥26.21M
Cost Of Revenue FY 2025 · Dec 31, 2024 ¥33.83M
Cost Of Revenue FY 2025 · Dec 31, 2023 ¥7.59M
Revenue FY 2025 · Dec 31, 2025 $5.85M
Revenue FY 2025 · Dec 31, 2025 ¥41.13M
Revenue FY 2025 · Dec 31, 2024 ¥44.29M
Revenue FY 2025 · Dec 31, 2023 ¥19.76M