Annuncio • May 01
U Power Limited announced delayed 20-F filing On 04/30/2026, U Power Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Apr 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (47% average daily change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (US$4.46m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Mar 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 98% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Market cap is less than US$10m (US$1.25m market cap). Annuncio • Mar 20
U Power Limited has completed a Composite Units Offering in the amount of $5.99864 million. U Power Limited has completed a Composite Units Offering in the amount of $5.99864 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 13,360,000
Price\Range: $0.449
Discount Per Security: $0.03143 Annuncio • Mar 18
U Power Announces Completion of Production of 30 Battery-Swapping Electric Heavy Trucks for Thailand; Pilot Shipment Scheduled for Late May 2026 as Part of 1,000-Vehicle Planpr Newswire U Power Limited announced that production of the first batch of 30 battery-swapping electric heavy-duty trucks designated for the Thailand market has been completed. Delivery of these vehicles to Thailand is scheduled for late May 2026, where they will enter pilot deployment as part of the Company's strategic rollout in this market and Southeast Asia. The completion of production follows the successful conclusion of comprehensive operational testing and full-stack battery-swapping system integration in early March 2026, validating the vehicles' performance, safety, and compatibility with U Power's intelligent battery-swapping ecosystem. This milestone marks a significant step towards the full commercialization of battery-swapping heavy trucks through U Power's collaboration with its strategic partner, Whale Logistics (Thailand) Co. Ltd., with extensive nationwide distribution and fleet operations. Under the existing agreement between the two companies, U Power and Whale Logistics plan to deploy up to 1,000 battery-swapping heavy trucks in Thailand over the next three years, establishing one of the region's largest electrified logistics fleets powered by battery-swapping technology. The heavy-duty trucks manufactured by SAIC Hongyan Automotive Co. Ltd. under the brand of UNEX EV, combine advanced vehicle engineering with U Power's proprietary battery-swapping technology and intelligent energy management systems. The collaboration aims to accelerate the transition toward clean and efficient freight transportation, initially in Thailand's rapidly growing logistics sector, and then in additional markets in the region. By integrating battery-swapping capability into heavy commercial vehicles, the collaboration addresses one of the primary barriers to electric truck adoption, charging downtime, allowing fleet operators to replace depleted batteries with fully charged units in just minutes. This approach significantly improves vehicle utilization rates, lowers operational costs, and reduces carbon emissions across logistics networks. Beyond the Thailand deployment, the collaboration is also designed to establish a scalable and replicable commercial model for electrified heavy-duty transportation. U Power plans to leverage the operational data and market validation from the Thailand pilot program to accelerate the adoption of its smart battery-swapping infrastructure and commercial EV platforms across additional markets in Southeast Asia and other global regions. The pilot deployment in Thailand is expected to provide valuable operational insights into fleet performance, battery-swapping efficiency, and logistics network integration, helping U Power refine its technology and accelerate the commercialization of battery-swapping heavy-duty transportation worldwide. New Risk • Mar 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (US$6.61m market cap). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Annuncio • Jan 27
U Power Limited Launches Its First Tokenized Real-World Asset on BNB Chain to Accelerate AI-Driven EV Energy Infrastructure Expansion U Power Limited announced the successful launch of its regulatory compliant tokenized real-world assets ("RWA") on the BNB Chain, in collaboration with infrastructure platform PicWe. The RWA issuance marks an important milestone in U Power's efforts to explore compliant blockchain-based frameworks that enable real-world energy assets to be represented digitally. The initiative marks a new phase of U Power's battery swapping business under its broader strategic business expansion plan. U Power will launch this initiative first in the Southern Europe market where the Company is deploying AI-driven battery-swapping, and dynamic energy asset management systems for fleets of commercial electric vehicles (EVs), and gradually expand into its existing markets in Southeast Asia, Hong Kong SAR, and South America. Through the digital integration of operational efficiency and ecosystem engagement, the initiative supports scalable growth while operating within all applicable regulatory frameworks. As global adoption of new energy vehicles accelerates, commercial transportation sectors, including logistics, ride-hailing, and public transit, are increasingly demanding high-frequency, reliable, and efficient energy replenishment solutions. Battery-swapping technology has emerged as a scalable and operationally efficient response to these needs. The tokenization of assets connected to U Power's operational battery-swap stations, will leverage its proprietary UOTTA™? modular technology. These stations have begun generating revenues across China and Southeast Asia, and are now being scaled in Southern Europe through strategic partnerships with local transport and logistic leaders. Of note, U Power recently announced a strategic joint venture with FTT Holding Company LLC., a U.S.-based technology investment firm which plans to commit up to $50 million into the joint venture to support battery swapping infrastructure deployment across Southern Europe. Through the application of tokenization technology, dynamic energy assets, such as battery-swapping stations and related infrastructure, can be connected to digital systems that support broader participation across emerging energy ecosystems. Subject to local regulations and compliance frameworks, these structures are designed to facilitate new forms of value interaction between users, infrastructure operators, and the broader U Power ecosystem. The Company believes that compliant RWA frameworks may support the evolution of energy service models, allowing users to engage more closely with infrastructure networks beyond traditional consumption-based relationships. Through the tokenization of RWAs, U Power is at the forefront of the Web3.0 transformation in EV new energy infrastructure and battery assets, offering investors enhanced transparency into business dynamics and developments as well as seamless access into investment opportunities in these assets. Looking ahead, U Power plans to continue evaluating innovative yet compliant technologies that enhance the efficiency, flexibility, and scalability of energy systems. The Company believes that the convergence of AI, physical energy infrastructure, and digital asset frameworks may play an increasingly important role in the future of sustainable transportation and smart energy networks. Annuncio • Dec 17
U Power Limited announced that it expects to receive $10 million in funding from FTT Holding Company LLC U Power Limited announced that it has entered into a share subscription agreement to issue class A ordinary shares for gross proceeds of $10,000,000 on December 16, 2025. The transaction includes participation from new investor, FTT Holding Company LLC. The shares are subject to 39-month lock up period. The agreement is anticipated to be finalized in January 2026, is subject to customary closing conditions. Annuncio • Nov 10
U Power Limited, Annual General Meeting, Dec 05, 2025 U Power Limited, Annual General Meeting, Dec 05, 2025. New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.92m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (US$9.92m market cap). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Oct 12
First half 2025 earnings released: CN¥4.98 loss per share (vs CN¥7.43 loss in 1H 2024) First half 2025 results: CN¥4.98 loss per share (improved from CN¥7.43 loss in 1H 2024). Revenue: CN¥17.7m (up 34% from 1H 2024). Net loss: CN¥22.0m (loss narrowed 6.5% from 1H 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Specialty Retail industry in the US. New Risk • Aug 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$8.80m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Market cap is less than US$10m (US$8.80m market cap). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Annuncio • Jul 25
U Power Limited has filed a Follow-on Equity Offering in the amount of $1.4 million. U Power Limited has filed a Follow-on Equity Offering in the amount of $1.4 million.
Security Name: Class A ordinary shares
Security Type: Common Stock
Securities Offered: 551,628
Price\Range: $2.5
Security Name: Pre-funded Warrants
Security Type: Equity Warrant
Transaction Features: Registered Direct Offering Annuncio • Jun 25
U Power Limited Announces Official Entry into Web 3.0, Ushering in the Next Era of Battery Swapping Solutions U Power Limited announced the launch of its innovative Battery-Bank initiative and the development of a Battery-Token solution, using Web 3.0 blockchain and token-based economics. The launch of Battery-Bank and Battery-Token strategy was announced by U Power's strategic investor, Mr. Chatchaval Jiaravanon, during the "Web 3.0 Battery Swap Ecosystem Strategy Launch" event held in Hong Kong on June 20, 2025. Of note, Mr. Jiaravanon is a core member of the CP Group family, one of Asia's wealthiest families. Annuncio • May 01
U Power Limited announced delayed 20-F filing On 04/30/2025, U Power Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Apr 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 7.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (CN¥31m revenue, or US$4.2m). Market cap is less than US$100m (US$10.1m market cap). New Risk • Feb 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.09m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (US$9.09m market cap). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Revenue is less than US$5m (CN¥31m revenue, or US$4.3m). New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥92m free cash flow). Earnings have declined by 7.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (CN¥31m revenue, or US$4.2m). Market cap is less than US$100m (US$28.0m market cap). Annuncio • Oct 09
U Power Limited to Report Q2, 2024 Results on Oct 08, 2024 U Power Limited announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Oct 08, 2024 Reported Earnings • Oct 08
First half 2024 earnings released: CN¥7.43 loss per share (vs CN¥6.88 loss in 1H 2023) First half 2024 results: CN¥7.43 loss per share (further deteriorated from CN¥6.88 loss in 1H 2023). Net loss: CN¥23.5m (loss widened CN¥20.1m from 1H 2023). New Risk • Oct 06
New major risk - Revenue and earnings growth Earnings have declined by 7.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥93m free cash flow). Earnings have declined by 7.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risks Revenue is less than US$5m (CN¥31m revenue, or US$4.4m). Market cap is less than US$100m (US$22.4m market cap). Board Change • Jul 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Founder, Chairman of the Board & CEO Jia Li is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jul 22
U Power Limited, Annual General Meeting, Aug 13, 2024 U Power Limited, Annual General Meeting, Aug 13, 2024, at 10:30 China Standard Time. Location: 2f, zuoan 88 a, lujiazui, shanghai, China Annuncio • May 01
U Power Limited announced delayed 20-F filing On 04/30/2024, U Power Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Apr 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue has declined by 54% over the past year. Shareholders have been substantially diluted in the past year (369% increase in shares outstanding). Revenue is less than US$1m (CN¥5.4m revenue, or US$747k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (US$12.6m market cap). Annuncio • Apr 24
U Power Regains Compliance with Nasdaq Minimum Bid Price Requirement U Power Limited (the ‘Company’ or ‘U Power’) announced that it received a letter from The Nasdaq Stock Market LLC (‘Nasdaq’), dated April 19, 2024, informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the ‘Rule’) for continued listing on the Nasdaq Capital Market. Additionally, in application of Listing Rule 5815(d)(4)(B), the Company will be subject to a mandatory panel monitor for a period of one year from the date of this letter. If, within the one-year monitoring period, Nasdaq finds the Company again out of compliance with the Rule, Nasdaq will issue a Delist Determination Letter and the Company will have an opportunity to request a new hearing with the initial panel or a newly convened hearings panel if the initial panel is unavailable. Annuncio • Mar 06
U Power Limited Introduces UOTTA, Revolutionizing EV Battery Swapping Youxu New Energy, a subsidiary of U Power Limited unveiled the UOTTA intelligent battery swapping system, providing power battery swapping solutions for a range of vehicles, including heavy trucks, light trucks, buses, taxis, etc. Currently, the battery swapping technology for light four-wheeled electric vehicles (EVs) and two-wheeled EVs is undergoing market validation in China. The company plans to collaborate with partners across Southeast Asia, Latin America, and Europe to bring this service to local courier companies. The battery swapping and sharing technology for two-wheeled and light four-wheeled EVs involves the use of identical battery cells and packaging methods. The battery packs for both EV models are stored in a single battery swapping station (BSS), from which customers can take a single battery module for two-wheeled EVs and two to four modules for light four-wheeled EVs when they need to swap batteries. The battery swapping process is straightforward and user-friendly: the user only needs to verify their identity at the BSS using their mobile phone and then follows the prompts to access and swap their batteries. With the launch of the UOTTA technology, Youxu New Energy has successfully addressed the challenges of interoperability between light four-wheeled EVs, two-wheeled EVs, BSSs and battery packs, allowing for the unified remote management of the UOTTA cloud platform. For customers, as long as their EVs are internet-enabled, they can access the system to identify the location of the nearest BSS, choose the best route to get there, and even reserve battery packs in advance. This functionality ensures the delivery of a faster and more efficient battery-swapping service. The battery swapping and sharing technology for two-wheeled and light four-wheeled EVs is poised to significantly benefit courier companies by providing them with more convenient and cost-effective options for building electric transportation fleets. By purchasing or leasing two-wheeled and light four-wheeled EVs without batteries, and leasing batteries for these EVs based on a monthly or annual plan, these firms can save up to 30% in vehicle acquisition costs compared to previous purchasing methods. This approach also enables courier companies to save on the costs and time associated with charging without being concerned about battery degradation over time. As a result, the battery swapping model can help delivery service providers enhance operational efficiency and lower operating expenses. Board Change • Mar 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Founder, Chairman of the Board & CEO Jia Li is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Feb 21
U Power Receives Nasdaq Delisting Notification and Intends to Appeal U Power Limited (the "Company" or "U Power") announced that on February 14, 2024, it received a notification letter (the "Letter") from the Listing Qualifications department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company of Nasdaq's determination to delist the Company's ordinary shares from The Nasdaq Capital Market because the Company's ordinary shares had a closing bid price of $0.10 or less for ten consecutive trading days as of February 13, 2024, which triggered a notice of delisting pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the "Low Priced Stocks Rule"). In addition to the Low Priced Stocks Rule delisting notice, the Company also currently fails to satisfy the requirement that the closing bid price of its ordinary shares remain at $1.00 or higher, as required by Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Rule"), and had received a notice from Nasdaq in that regard on January 19, 2024. Pursuant to the Letter, unless the Company requests an appeal of this determination, trading of the Company's common stock will be suspended at the opening of business on February 23, 2024, and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission (the "SEC"), which will remove the Company's ordinary shares from listing and registration on the Nasdaq Stock Market. The Company plans to appeal Nasdaq's determination to a Hearings Panel (the "Panel") on February 21, 2024. A hearing request will stay the suspension of the Company's ordinary shares and the filing of the Form 25-NSE pending the Panel's decision. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider implementing available options, including a reverse share split, to regain compliance with the Nasdaq Listing Rules for continued listing on Nasdaq. Annuncio • Feb 08
U Power Limited Announces Board and Committee Changes U Power Limited announced that Mr. Bo Lyu resigned from the board of directors of the Company (the ‘Board’) on January 31, 2024, and that the Board has appointed Jean Christophe von Pfetten (‘Prof. Pfetten’) as an independent director of the Company, as well as a member of the Board's Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, effective February 1, 2024. Prof. Pfetten is an accomplished diplomat and academic who has served as Chairman of the Institute for East-West Strategic Studies since October 1997, visiting professor at People's University of China since September 1999, Chairman of Thornehope Limited (HK) since September 2001, and Bye-fellow of Emmanuel College (Cambridge University) since May 2015. He also served as a member of the board of the International Financial Bank (FinInt Italy) for three years from January 2019 to December 2022. Prof. Pfetten is the author of a book entitled ‘Insights from China: Leadership, Policy and New World Order’ published in 2015, and more than thirty articles on Corporate Governance, Political Economics and International relations. He received a Bachelor of Science and a Master of Science (Physics and Chemistry) from the University of Strasbourg in 1988 and 1989, respectively, and a Dipl. Eng. in Geophysics from the Institut de Physique du Globe in 1990. Annuncio • Jan 24
U Power Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency U Power Limited announced the Company had received a notification letter (the “Notification Letter”), dated January 19, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), indicating that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if such deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's ordinary shares for the 30 consecutive business days from December 4, 2023, to January 18, 2024, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until July 17, 2024 (the “Compliance Period”), to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If at any time during the Compliance Period, the closing bid price per share of the Company's Ordinary Shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by July 17, 2024, the Company may be eligible for additional time to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency. The Company's operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. Annuncio • Dec 07
U Power Limited has completed a Composite Units Offering in the amount of $12 million. U Power Limited has completed a Composite Units Offering in the amount of $12 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 10,000,000
Price\Range: $1.2
Discount Per Security: $0.084 Annuncio • Dec 05
U Power Limited has completed a Composite Units Offering in the amount of $24.2 million. U Power Limited has completed a Composite Units Offering in the amount of $24.2 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 10,000,000
Price\Range: $1.2 New Risk • Nov 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$89.3m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 54% over the past year. Revenue is less than US$1m (CN¥5.4m revenue, or US$761k). Minor Risk Market cap is less than US$100m (US$89.3m market cap). Reported Earnings • Oct 13
First half 2023 earnings released: CN¥0.069 loss per share (vs CN¥0.22 loss in 1H 2022) First half 2023 results: CN¥0.069 loss per share (improved from CN¥0.22 loss in 1H 2022). Net loss: CN¥3.47m (loss narrowed 68% from 1H 2022). New Risk • Aug 24
New major risk - Revenue and earnings growth Revenue has declined by 2.7% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥21m free cash flow). Share price has been highly volatile over the past 3 months (46% average weekly change). Revenue has declined by 2.7% over the past year. Minor Risk Revenue is less than US$5m (CN¥7.8m revenue, or US$1.1m). Reported Earnings • Aug 24
Full year 2022 earnings released: CN¥0.92 loss per share (vs CN¥0.83 loss in FY 2021) Full year 2022 results: CN¥0.92 loss per share (further deteriorated from CN¥0.83 loss in FY 2021). Net loss: CN¥45.9m (loss widened 11% from FY 2021). Annuncio • May 25
U Power Limited Received Notification of Non-Compliance from Nasdaq Regarding Timely Filing of Its Annual Report on Form 20-F U Power Limited announced that it received a notice of non-compliance from Nasdaq Stock Market LLC (“Nasdaq”) on May 19, 2023, stating that, as a result of not timely filing its annual report on Form 20-F for the year ended December 31, 2022, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). This notice has no immediate effect on the listing or trading of the Company’s ordinary shares on the Nasdaq. Under Nasdaq’s listing rules, the Company has 60 calendar days to submit a plan to regain compliance. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the Form 20-F’s due date, or until November 13, 2023, to regain compliance. 