U Power Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	44.29	19.76	7.8	8.01	1.46
Revenue Growth (YoY)	124.09%	153.52%	-2.67%	447.13%	-
Cost of Revenue	33.83	7.59	5.14	5.14	-
Gross Profit	10.46	12.17	2.66	2.87	1.46
Selling, General & Admin	49.7	43.7	39.76	42.45	17.08
Research & Development	2.99	2.18	9.35	5.37	0.11
Operating Expenses	57.95	47.08	58.91	47.82	17.48
Operating Income	-47.49	-34.91	-56.25	-44.95	-16.01
Interest Expense	-1.4	-1.86	-0.76	-0.7	-0.53
Interest & Investment Income	0.74	0.56	0.05	0.44	0.44
Earnings From Equity Investments	0.25	-	-	-	-
Other Non Operating Income (Expenses)	2.04	15.35	-0.7	-1.27	9.58
EBT Excluding Unusual Items	-45.86	-20.86	-57.66	-46.48	-6.53
Asset Writedown	-10.5	-2	-	-	-
Pretax Income	-56.36	-22.85	-57.66	-46.48	-6.53
Income Tax Expense	-	2.61	0.01	2.58	-
Earnings From Continuing Operations	-56.36	-25.47	-57.67	-49.06	-6.53
Minority Interest in Earnings	8.44	6.13	11.75	7.67	1.02
Net Income	-47.92	-19.34	-45.92	-41.4	-5.51
Net Income to Common	-47.92	-19.34	-45.92	-41.4	-5.51
Shares Outstanding (Basic)	3	1	1	1	1
Shares Outstanding (Diluted)	3	1	1	1	1
Shares Change (YoY)	129.63%	148.63%	-	-	-
EPS (Basic)	-16.79	-15.56	-91.84	-82.80	-11.02
EPS (Diluted)	-16.79	-15.56	-91.84	-82.80	-11.02
Free Cash Flow	-73.18	-66.32	-20.66	-91.8	-23.73
Free Cash Flow Per Share	-25.64	-53.35	-41.32	-183.60	-47.45
Gross Margin	23.62%	61.59%	34.11%	35.87%	100.00%
Operating Margin	-107.21%	-176.62%	-721.51%	-561.19%	-1093.72%
Profit Margin	-108.20%	-97.84%	-589.03%	-516.84%	-376.37%
Free Cash Flow Margin	-165.23%	-335.57%	-265.02%	-1146.09%	-1620.56%
EBITDA	-44.5	-32.39	-54.16	-43.18	-15.23
EBITDA Margin	-100.47%	-163.86%	-	-	-
D&A For EBITDA	2.99	2.52	2.09	1.77	0.79
EBIT	-47.49	-34.91	-56.25	-44.95	-16.01
EBIT Margin	-107.21%	-176.62%	-	-	-
Revenue as Reported	44.29	19.76	7.8	8.01	1.46

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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