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U Power | 6-K: Report of foreign private issuer (related to financial reporting)

U Power | 6-K: Report of foreign private issuer (related to financial reporting)

优品车 | 6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  10/04 16:40

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On October 4, 2024, U Power Limited, a vehicle sourcing service provider in China with a focus on electric vehicle (EV) market and proprietary battery-swapping technology, reported its unaudited financial results for the six months ended June 30, 2024. The report, filed with the SEC, included comprehensive financial statements and an operating and financial review. U Power, which began operations in 2013, has shifted its focus from vehicle sourcing to developing its UOTTA technology since 2020, and has been cooperating with major automobile manufacturers to develop UOTTA-powered EVs. The company also operates a battery-swapping station factory in Zibo, China. The financial results showed a significant increase in product sales, primarily from battery swapping stations, which accounted for 93.9% of total revenues, while sourcing services...Show More
On October 4, 2024, U Power Limited, a vehicle sourcing service provider in China with a focus on electric vehicle (EV) market and proprietary battery-swapping technology, reported its unaudited financial results for the six months ended June 30, 2024. The report, filed with the SEC, included comprehensive financial statements and an operating and financial review. U Power, which began operations in 2013, has shifted its focus from vehicle sourcing to developing its UOTTA technology since 2020, and has been cooperating with major automobile manufacturers to develop UOTTA-powered EVs. The company also operates a battery-swapping station factory in Zibo, China. The financial results showed a significant increase in product sales, primarily from battery swapping stations, which accounted for 93.9% of total revenues, while sourcing services decreased to 0.6%. The company's cost of revenues increased substantially due to the cost of product sales, and as a result, gross profit slightly decreased. General and administrative expenses rose due to increased audit and professional service costs, while research and development expenses decreased. The company recorded a net loss of RMB26.5 million (US$3.6 million) for the period. U Power's cash and cash equivalents stood at RMB39.6 million (US$5.5 million) as of June 30, 2024. The report also discussed the impact of COVID-19 on operations, the company's tax obligations in various jurisdictions, and its liquidity and capital resources, including a bank facility agreement with Bank of Qishang. The company's ability to continue as a going concern was noted, with management's plan to alleviate this concern through investor proceeds and operational cash flow.
2024年10月4日,中国的车辆采购服务提供商优品车有限公司,专注于电动车(EV)市场和专有的电池更换技术,在2024年6月30日结束的六个月内报告了其未经审计的财务业绩基本报表。该报告已提交给美国证券交易委员会,包括全面的财务报表和经营及财务审查。自2013年开始运营以来,优品车公司已经将重心从车辆采购转向开发其UOTTA技术,自2020年以来一直与主要汽车制造商合作开发搭载UOTTA技术的电动车。该公司还在中国淄博经营一个电池更换站工厂。财务业绩显示产品销售大幅增长,主要来自电池更换站,占总收入的93.9%,而采购服务降至0.6%。由于产品销售成本的增加,公司的销售成本大幅增加,因此毛利略...展开全部
2024年10月4日,中国的车辆采购服务提供商优品车有限公司,专注于电动车(EV)市场和专有的电池更换技术,在2024年6月30日结束的六个月内报告了其未经审计的财务业绩基本报表。该报告已提交给美国证券交易委员会,包括全面的财务报表和经营及财务审查。自2013年开始运营以来,优品车公司已经将重心从车辆采购转向开发其UOTTA技术,自2020年以来一直与主要汽车制造商合作开发搭载UOTTA技术的电动车。该公司还在中国淄博经营一个电池更换站工厂。财务业绩显示产品销售大幅增长,主要来自电池更换站,占总收入的93.9%,而采购服务降至0.6%。由于产品销售成本的增加,公司的销售成本大幅增加,因此毛利略有下降。由于审计和专业服务成本增加,一般和管理费用上升,而研发费用下降。公司报告该期间记录了人民币2650万(360万美元)的净亏损。截至2024年6月30日,优品车的现金及现金等价物为人民币3960万(550万美元)。报告还讨论了COVID-19对运营的影响,公司在各个司法管辖区的税务义务,以及其流动性和资本资源,包括与齐上银行签订的一项银行协议。公司能够作为持续经营的意向得到了关注,并且管理层计划通过投资者收益和运营现金流来消除这一担忧。
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