UCARNasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends December 31

U Power Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 15, 2026

$3.32−0.06 (-1.92%)

Close on Oct 19, 2026

U Power Ltd income statement

AnnualQuarterlyTTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Revenue	41	44	20	7.80	8.01	1.46
Cost of Revenue	26	34	7.59	5.14	5.14	–
Gross Profit	15	10	12	2.66	2.87	1.46
Research & Development	4.60	2.99	2.18	9.35	5.37	0.11
Selling, General & Admin	56	50	44	40	42	17
Selling & Marketing	3.36	2.79	2.48	2.04	4.86	3.01
General & Administrative	53	47	41	38	38	14
Advertising Expenses	0.58	0.39	–	–	–	–
Operating Expenses	73	68	49	59	48	17
Operating Income	-58	-58	-37	-56	-45	-16
Interest Expense	0.19	1.40	1.86	0.76	0.70	–
Interest & Investment Income	2.83	0.74	0.56	0.05	0.44	0.44
Income from Equity Investments	0.34	-0.30	-0.09	-0.04	–	–
Asset Impairment Charges	–	11	2.00	–	–	–
Gain (Loss) on Investments	–	-11	-0.10	–	–	–
Gain (Loss) on Sale of Assets	–	–	-1.90	-1.75	–	–
Pretax Income	-77	-56	-23	-58	-46	-6.53
Income Tax Expense	3.58	–	2.61	0.01	2.58	–
Net Income incl. Noncontrolling Interests	-80	-56	-25	-58	-49	-6.53
Minority Interest in Earnings	-12	-8.44	-6.13	-12	-7.67	-1.02
Net Income	-69	-48	-19	-46	-41	-5.51
Net Income to Common	–	–	–	-46	-41	–
EPS (Basic)(per share)	-15.05	-16.79	-15.56	-91.84	-82.80	-11.00
EPS (Diluted)(per share)	-15.05	-16.79	-15.56	-91.84	-8.28	-11.00
Shares Outstanding (Basic, Weighted)(shares)	4.57	2.85	1.24	0.50	0.50	0.50
Shares Outstanding (Diluted, Weighted)(shares)	4.57	2.85	1.24	0.50	0.50	0.50
EBITDA	-56	-55	-34	-54	-43	-15
Net Interest Income	–	–	–	-0.01	-2.58	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 36.3%
Operating margin: -141.7%
Net margin: -167.1%
Return on equity, FY2025: -24.4%

Financial strength

Current ratio: 1.80
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 26.8%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.