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 revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|
| Product sales | CN¥36.63M | CN¥41.82M | CN¥17.06M | CN¥3.06M | CN¥6.62M | – | 89.1% | -12.4% |
| Battery-swapping services | CN¥3.41M | CN¥2.41M | CN¥1.19M | – | – | – | 8.3% | +41.5% |
| Two-wheeled vehicle battery-swapping services [Member] | CN¥3.01M | CN¥1.23M | – | – | – | – | 7.3% | +144.1% |
| Sourcing services [Member] | CN¥1.09M | CN¥63.00K | CN¥1.51M | CN¥4.43M | CN¥1.39M | CN¥1.46M | 2.7% | +1630.2% |
| Sourcing services | CN¥1.09M | CN¥63.00K | CN¥1.51M | CN¥4.43M | CN¥1.39M | – | 2.7% | +1630.2% |
| Battery-swapping services [Member] | CN¥402.00K | CN¥1.18M | CN¥1.19M | CN¥307.00K | – | – | 1.0% | -65.8% |
| Battery-swapping services [Member] | – | CN¥1.18M | CN¥1.19M | CN¥307.00K | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of U Power's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.