Company research
UTime Ltd
CIK 1789299Updated Sep 24, 2026
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SEC disclosures
UTime Ltd files prospectus supplement (424B5) ↗
Recent filings
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Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 64,817,000Source | 28,392,000Source | 91,606,000Source | 45,569,000Source |
| Property, Plant and Equipment, NetUSD | 4,957,000Source | 5,457,000Source | 7,637,000Source | 8,939,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 25,000Source | 28,000Source | 93,000Source | 244,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 37,957,000Source | 15,050,000Source | 10,807,000Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 266,000Source | — | 4,262,000Source | 7,612,000Source |
| Inventory, NetUSD | 556,000Source | 875,000Source | 1,651,000Source | 2,353,000Source |
| Assets, CurrentUSD | 59,401,000Source | 22,278,000Source | 81,478,000Source | 34,490,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 15,369,000Source | 6,275,000Source | 64,504,000Source | 13,899,000Source |
| Operating Lease, Right-of-Use AssetUSD | 130,000Source | 236,000Source | 1,379,000Source | 1,896,000Source |
| Other Assets, NoncurrentUSD | — | — | 22,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 44,832,000Source | 47,390,000Source | 40,500,000Source | 39,644,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | — | 4,000Source | 39,000Source | 1,000Source |
| Additional Paid in CapitalUSD | 174,684,000Source | 100,998,000Source | 80,848,000Source | 31,507,000Source |
| Retained Earnings (Accumulated Deficit)USD | -131,451,000Source | -121,118,000Source | -29,433,000Source | -25,597,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -799,000Source | 1,833,000Source | 384,000Source | 503,000Source |
| Stockholders' Equity Attributable to ParentUSD | 20,738,000Source | -18,283,000Source | 51,838,000Source | 6,414,000Source |
| Liabilities and EquityUSD | 64,817,000Source | 28,392,000Source | 91,606,000Source | 45,569,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 42,040,000Source | 45,991,000Source | 38,453,000Source | 35,752,000Source |
| Operating Lease, Liability, CurrentCNY | 1,141,000Source | 1,158,000Source | 3,938,000Source | 535,000Source |
| Accounts Payable, CurrentUSD | 14,656,000Source | 19,086,000Source | 14,953,000Source | 18,437,000Source |
| Operating Lease, Liability, NoncurrentCNY | 286,000Source | 1,429,000Source | 6,937,000Source | 1,583,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | 18,000Source | — |
| Other Liabilities, NoncurrentUSD | 1,906,000Source | — | — | 6,440,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -753,000Source | -715,000Source | -732,000Source | -489,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossCNY | 1,837,000Source | — | 30,240,000Source | 52,308,000Source |
| Accrued Liabilities, CurrentCNY | 2,632,000Source | — | — | — |
| Deferred Tax Liabilities, NetCNY | — | — | 125,000Source | 295,000Source |
| Long-term Debt, Current MaturitiesCNY | 5,400,000Source | — | — | 157,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 722,000Source | 827,000Source | — | 1,080,000Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -4,035,000Source | -92,341,000Source | -8,768,000Source | -13,101,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 15,301,000Source | 1,253,000Source | 9,264,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -2,203,000Source | 3,075,000Source | -580,000Source | 4,011,000Source |
| Increase (Decrease) in InventoriesUSD | -945,000Source | 712,000Source | -628,000Source | -3,002,000Source |
| Increase (Decrease) in Accounts PayableUSD | -5,423,000Source | 4,466,000Source | -1,495,000Source | — |
| Deferred Income Tax Expense (Benefit)USD | — | — | -24,000Source | -25,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -21,208,000Source | -4,374,000Source | -53,021,000Source | -2,203,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -6,000Source | — | 778,000Source | -422,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 6,000Source | — | 137,000Source | 377,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 45,139,000Source | 7,159,000Source | 52,455,000Source | 2,662,000Source |
| Repayments of Long-term DebtUSD | — | — | 1,121,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 22,949,000Source | 4,173,000Source | 668,000Source | 763,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 37,999,000Source | 15,050,000Source | 10,877,000Source | 10,541,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 471,000Source | — | 512,000Source | 887,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -976,000Source | 1,388,000Source | 456,000Source | 725,000Source |
| Additional Financial Items | ||||
| AmortizationCNY | — | — | 40,000Source | — |
| Amortization of Intangible AssetsCNY | — | — | — | 295,000Source |
| Deferred Other Tax Expense (Benefit)CNY | — | — | — | 171,000Source |
| DepreciationCNY | 5,500,000Source | 5,600,000Source | 5,700,000Source | 4,600,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | -3,766,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | — | — | — | -3,179,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedCNY | — | — | 4,873,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | -27,000Source |
| General and Administrative ExpenseUSD | 3,646,000Source | 18,961,000Source | 5,738,000Source | 16,068,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -4,035,000Source | -92,121,000Source | -4,734,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -4,035,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -220,000Source | -4,034,000Source | — |
| Income (Loss) from Equity Method InvestmentsCNY | — | — | — | 18,396,000Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsCNY | — | — | — | 87,616,000Source |
| Income Tax Expense (Benefit)USD | — | -8,000Source | -24,000Source | -25,000Source |
| InterestExpenseNonoperatingCNY | — | 3,927,000Source | — | — |
| Inventory Write-downUSD | -580,000Source | 1,356,000Source | 97,000Source | -59,000Source |
| Net Income (Loss) Attributable to ParentUSD | -4,035,000Source | -92,341,000Source | -8,581,000Source | -12,751,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -187,000Source | 350,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | — | -670,087,000Source | -60,884,000Source | -19,221,000Source |
| Nonoperating Income (Expense)CNY | — | — | 8,057,000Source | — |
| Operating Costs and ExpensesCNY | — | — | — | 69,220,000Source |
| Operating ExpensesUSD | 3,453,000Source | 92,564,000Source | 5,498,000Source | 16,606,000Source |
| Other Nonoperating Income (Expense)CNY | 27,335,000Source | -3,958,000Source | 915,000Source | — |
| Other Operating Income (Expense), NetUSD | 442,000Source | -72,635,000Source | 1,136,000Source | 538,000Source |
| Proceeds from Issuance of Common StockUSD | 46,735,000Source | 6,528,000Source | 49,331,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxCNY | 196,385,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 28,470,000Source | 34,588,000Source | 24,264,000Source | 29,184,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -3,168,000Source | -91,588,000Source | -4,248,000Source | -12,231,000Source |
| Other Nonoperating Income (Expense)CNY | 27,335,000Source | -3,958,000Source | 915,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -4,035,000Source | -92,129,000Source | -4,758,000Source | -13,126,000Source |
| Income Tax Expense (Benefit)USD | — | -8,000Source | -24,000Source | -25,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -187,000Source | 350,000Source |
| Net Income (Loss) Attributable to ParentUSD | -4,035,000Source | -92,341,000Source | -8,581,000Source | -12,751,000Source |
| Earnings Per Share, BasicUSD per share | — | — | — | -1.14Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | -1.14Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 3,604,015Source | 16,550,762Source | 11,229,985Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 56,302Source | 3,604,015Source | 16,550,762Source | 11,229,985Source |
| Interest Expense (non-operating)CNY | — | 3,927,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | — | — | — | 295,000Source |
| Benefits, Losses and ExpensesCNY | 600,000Source | 900,000Source | 1,000,000Source | 1,300,000Source |
| Current Income Tax Expense (Benefit)CNY | — | -59,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 794,000Source | 781,000Source | 949,000Source | 843,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | — | — | — | -3,179,000Source |
| General and Administrative ExpenseUSD | 3,646,000Source | 18,961,000Source | 5,738,000Source | 16,068,000Source |
| Gross ProfitUSD | 285,000Source | 976,000Source | 1,250,000Source | 4,375,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -4,035,000Source | -92,121,000Source | -4,734,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -4,035,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.07Source | -0.03Source | -0.29Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareCNY/shares | -0.49Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -220,000Source | -4,034,000Source | — |
| Income (Loss) from Equity Method InvestmentsCNY | — | — | — | 18,396,000Source |
| Interest ExpenseUSD | 867,000Source | 541,000Source | 510,000Source | 895,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | — | -670,087,000Source | -60,884,000Source | -19,221,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicCNY | — | — | — | -87,616,000Source |
| Nonoperating Income (Expense)CNY | — | — | 8,057,000Source | — |
| Operating Costs and ExpensesCNY | — | — | — | 69,220,000Source |
| Operating ExpensesUSD | 3,453,000Source | 92,564,000Source | 5,498,000Source | 16,606,000Source |
| Other Cost of Operating RevenueCNY | — | — | — | 1,600,000Source |
| Other IncomeCNY | 1,900,000Source | 2,900,000Source | 2,400,000Source | 600,000Source |
| Other Operating Income (Expense), NetUSD | 442,000Source | -72,635,000Source | 1,136,000Source | 538,000Source |
| Research and Development ExpenseCNY | 5,400,000Source | 9,500,000Source | 16,600,000Source | 16,000,000Source |
| Revenue from Contract with Customer, Including Assessed TaxCNY | 196,385,000Source | — | — | — |
| Selling ExpenseUSD | 249,000Source | 968,000Source | 896,000Source | 1,076,000Source |