6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | CN¥41M | -CN¥69M | 36.3% | -141.7% | -25.4% | -18.1% | -CN¥70M | — | CN¥22M |
| 2024 | CN¥44M | -CN¥48M | 23.6% | -130.9% | -16.4% | -12.4% | -CN¥73M | — | CN¥23M |
| 2023 | CN¥20M | -CN¥19M | 61.6% | -186.7% | -6.3% | -4.5% | -CN¥66M | — | CN¥2M |
| 2022 | CN¥8M | -CN¥46M | 34.1% | -721.5% | -27.7% | -16.3% | -CN¥21M | CN¥7M | CN¥5M |
| 2021 | CN¥8M | -CN¥41M | 35.9% | -561.2% | -19.5% | -11.7% | -CN¥92M | CN¥7M | CN¥15M |
| 2020 | CN¥1M | -CN¥6M | 100.0% | -1093.7% | — | — | -CN¥24M | — | — |
How the market has priced UCAR against its own fundamentals since 2023-04 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, U Power Ltd's revenue has grown 94.9% per year. These are computed facts, not advice.
As of FY2025, U Power Ltd reported — of total debt against CN¥22M of cash; operating income covered interest expense -309.9×.
In FY2025, gross margin was 36.3%, operating margin -141.7%, and net margin -167.1%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCHUS; 1 CNY = 0.1503 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.