← UTime Ltd
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | — | — | ($39.3m) | ($83.6m) | ($33.6m) | ($668.5m) | ($531.8m) | |
| Net loss from discontinued operations | — | — | — | — | ($6.4m) | ($28.6m) | ($1.6m) | — | |
| Net loss from continuing operations | — | — | — | — | ($83.6m) | ($33.6m) | ($668.5m) | — | |
| Net loss | ($11.9m) | ($21.7m) | ($16.6m) | ($39.3m) | ($90.0m) | ($62.2m) | ($670.1m) | — | |
| Net Income (Loss) Attributable to Parent | — | — | ($16.6m) |
($6.1m)
+63.20%
|
($12.8m)
-108.42%
|
($8.6m)
+32.70%
|
($92.3m)
-976.11%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | ($10.7m) |
($29.6m)
-176.47%
|
($19.2m)
+35.16%
|
($60.9m)
-216.76%
|
($670.1m)
-1000.60%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($2.5m) | ($6.2m) | ($13.1m) | ($8.8m) | ($92.3m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | ($78k) | $350k | ($187k) | — | — | |
| Depreciation and amortization | $3.2m | $4.0m | $602k | $683k | $843k | $949k | $781k | $6.2m | |
| Amortization | — | — | — | — | — | $40k | — | — | |
| Amortization of Intangible Assets | — | — | — | $292k | $295k | — | — | — | |
| Depreciation | $3.2m | $4.0m | $3.1m | $3.3m | $4.6m | $5.7m | $5.6m | $6.2m | |
| Depreciation Amortization Depletion | — | — | — | $4.3m | $5.8m | $6.7m | $5.7m | $6.2m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $46k | ($25k) | ($24k) | — | $0 | |
| Deferred Other Tax Expense (Benefit) | — | — | — | — | $171k | — | — | — | |
| Deferred tax | — | — | — | $0 | ($171k) | ($171k) | $0 | $0 | |
| Deferred Income Tax | — | — | — | $0 | ($171k) | ($171k) | $0 | $0 | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $9.3m | $1.3m | $15.3m | $3.1m | |
| Share-based compensation and expenses | — | — | — | — | $63.7m | $8.9m | $111.0m | $3.1m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $348k | — | — | — | — | |
| Asset Impairment Charge | — | — | — | $348k | $0 | $0 | $10.5m | $10.5m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | ($127k) | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | $12.6m | ($32.4m) | $18.4m | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | $915k | ($4.0m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | $0 | $0 | — | — | $0 | |
| Nonoperating Income (Expense) | — | — | — | — | — | $8.1m | — | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | ($17) | $39 | $88 | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | $10.1m | ($5.8m) | ($356.6m) | ($6.0m) | ($47k) | |
| Increase (Decrease) in Accounts Receivable | — | — | ($3.3m) | $902k | $4.0m | ($580k) | $3.1m | ($62.5m) | |
| Accounts receivable | $7.7m | $16.6m | $21.5m | ($5.7m) | ($27.6m) | $4.1m | ($22.3m) | ($62.5m) | |
| Change In Receivables | — | — | — | ($5.7m) | ($27.5m) | $4.1m | ($22.3m) | ($62.5m) | |
| Changes In Account Receivables | — | — | — | ($5.7m) | ($27.5m) | $4.1m | ($22.3m) | ($62.5m) | |
| Increase (Decrease) in Inventories | — | — | $1.7m | $729k | ($3.0m) | ($628k) | $712k | $1.7m | |
| Inventory Write-down | — | — | $2.8m | $46k | ($59k) | $97k | $1.4m | — | |
| Allowances for obsolete inventories, net | $3.3m | ($450k) | $7.6m | $293k | ($407k) | $688k | $9.8m | — | |
| Inventories | $9.2m | $1.0m | ($10.9m) | ($4.6m) | $20.6m | $4.5m | ($5.2m) | $1.7m | |
| Change In Inventory | — | — | — | ($4.6m) | $17.3m | $4.5m | ($5.2m) | $1.7m | |
| Increase (Decrease) in Accounts Payable | — | — | ($1.5m) | $4.3m | — | ($1.5m) | $4.5m | $55.2m | |
| Accounts payable | ($3.2m) | ($15.6m) | ($9.9m) | $27.3m | $19.6m | ($10.6m) | $32.4m | $55.2m | |
| Other payables and accrued liabilities | ($10.4m) | ($5.4m) | $28.0m | — | $8.3m | $4.2m | $25.4m | — | |
| Prepaid expenses and other current assets | $3.0m | $3.9m | ($26.2m) | $5.9m | ($25.9m) | ($361.7m) | ($41.9m) | — | |
| Change In Other Current Assets | — | — | — | ($208k) | $541k | — | — | $304k | |
| Other Operating Income (Expense), Net | — | — | ($438k) | — | $538k | $1.1m | ($72.6m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $2.2m |
($17.1m)
-883.71%
|
($385k)
+97.75%
|
($3.3m)
-753.51%
|
($2.2m)
+32.96%
|
($53.0m)
-2306.76%
|
($4.4m)
+91.75%
|
($11.5m)
-163.21%
|
|
| Cash flows from investing activities: | |||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $15.0m | $2.6m | — | ($2k) | ($27k) | $6.5m | — | $184k | |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | $923k | $377k | $137k | — | ($971k) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | ($4k) | — | — | — | — | |
| Net cash provided by investing activities - Continuing operations | — | — | — | — | ($2.9m) | $5.5m | — | ($44k) | |
| Net Cash Provided by (Used in) Investing Activities | ($7.6m) | ($2.3m) | ($335k) | ($919k) | ($422k) | $778k | — | ($44k) | |
| Cash flows from financing activities: | |||||||||
| Proceeds from short-term borrowings | $16.0m | $15.0m | $47.6m | $46.5m | $66.3m | $60.6m | $36.0m | — | |
| Repayment of short-term borrowings | ($16.0m) | ($16.0m) | ($31.8m) | ($41.5m) | ($48.1m) | ($57.6m) | ($29.3m) | — | |
| Repayments of long-term borrowings | ($320k) | ($900k) | ($1.2m) | ($5.8m) | ($870k) | ($8.0m) | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | $1.4m | — | — | — | $41.8m | |
| Issuance Of Debt | — | — | — | $61.5m | $70.3m | $102.4m | $36.0m | $41.8m | |
| Long Term Debt Issuance | — | — | — | $15.0m | $4.0m | $41.8m | — | $41.8m | |
| Net Issuance Payments Of Debt | — | — | — | $11.2m | $18.3m | $22.2m | $6.4m | $6.7m | |
| Net Long Term Debt Issuance | — | — | — | $6.2m | ($3.9m) | ($22.6m) | ($264k) | ($2.4m) | |
| Net Short Term Debt Issuance | — | — | — | $5.0m | $22.2m | $44.8m | $6.7m | $9.1m | |
| Short Term Debt Issuance | — | — | — | $46.5m | $70.3m | $102.4m | $36.0m | $41.4m | |
| Repayments of Long-term Debt | — | — | $183k | — | — | $1.1m | — | ($2.4m) | |
| Long Term Debt Payments | — | — | — | ($8.8m) | ($3.9m) | ($22.6m) | ($264k) | ($2.4m) | |
| Repayment Of Debt | — | — | — | ($50.3m) | ($52.0m) | ($80.2m) | ($29.6m) | ($2.4m) | |
| Short Term Debt Payments | — | — | — | ($41.5m) | ($48.1m) | ($57.6m) | ($29.3m) | ($32.3m) | |
| Issuance Of Capital Stock | — | — | — | $88.3m | $0 | $350.0m | $47.4m | $190.3m | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | $49.3m | $6.5m | $190.3m | |
| Common Stock Issuance | — | — | — | $88.3m | $0 | $350.0m | $47.4m | $190.3m | |
| Net Other Financing Charges | — | — | — | ($12.6m) | $8.7m | ($2.5m) | ($1.8m) | ($850k) | |
| Net Cash Provided by (Used in) Financing Activities | $6.2m |
$12.8m
+106.26%
|
$2.1m
-83.42%
|
$13.7m
+542.33%
|
$2.7m
-80.55%
|
$52.5m
+1870.51%
|
$7.2m
-86.35%
|
$196.1m
+2638.94%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $1.3m | $9.1m | $763k | $668k | $4.2m | $290.4m | |
| Beginning Cash Position | — | — | — | $9.5m | $67.2m | $72.4m | $77.2m | $105.8m | |
| Cash and cash equivalents and restricted cash at beginning of year | $7.2m | $7.9m | $1.1m | $67.2m | $72.4m | $77.2m | $109.2m | — | |
| Cash and cash equivalents and restricted cash at end of year - Continuing operations | — | — | — | — | $72.4m | $77.2m | $109.2m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($129k) | ($391k) | $725k | $456k | $1.4m | $2.9m | |
| Effect of exchange rate changes on cash and cash equivalent and restricted cash | ($24k) | ($311k) | ($855k) | ($2.5m) | $5.0m | $3.2m | $11.8m | $2.9m | |
| Net increase in cash and cash equivalent and restricted cash | $753k | ($6.9m) | $8.4m | $57.7m | $5.2m | $4.7m | $32.0m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $10.6m | $10.5m | $10.9m | $15.1m | $290.4m | |
| Restricted cash | $500k | $500k | $500k | $500k | $500k | $500k | — | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($4.7m) | ($92.1m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($4.0m) | ($220k) | — | |
| Income Tax Expense (Benefit) | — | — | ($55k) | ($7k) | ($25k) | ($24k) | ($8k) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $3.9m | — | |
| Additional Financial Items | |||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | $3.7m | $2.3m | ($3.2m) | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | $284k | — | — | $4.9m | — | — | |
| General and Administrative Expense | — | — | $3.9m | $6.2m | $16.1m | $5.7m | $19.0m | — | |
| Operating Costs and Expenses | — | — | $4.0m | $6.5m | $69.2m | — | — | — | |
| Operating Expenses | — | — | $5.0m | $7.6m | $16.6m | $5.5m | $92.6m | — | |
| Payments of Financing Costs | — | — | — | $3.0m | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | — | — | $1.0m | — | — | — | — | |
| Allowance for credit losses, net | — | $1.2m | ($836k) | $3.4m | — | $152k | $505.8m | — | |
| Related parties | $1.2m | $398k | $527k | ($699k) | $881k | $2.9m | $5.5m | — | |
| Payment for intangible assets | — | ($1.8m) | ($2.2m) | — | ($307k) | — | — | — | |
| Loan received from a shareholder | $1.3m | $3.7m | $900k | $6.0m | $4.0m | $41.8m | — | — | |
| Repayment of loan from a shareholder | ($2.8m) | ($4.0m) | ($1.5m) | ($3.0m) | ($3.0m) | ($14.2m) | — | — | |
| Government grants | — | — | — | — | $8.7m | ($2.5m) | ($1.8m) | — | |
| Proceeds from issuance of ordinary shares | — | — | — | — | — | $350.0m | $47.4m | — | |
| Payment of capital lease obligation | — | — | — | — | — | ($498k) | ($264k) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | $86.9m | $27.0m | $369.6m | $51.9m | $196.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($5.8m) | ($2.9m) | $5.5m | $0 | ($44k) | |
| Cash From Discontinued Investing Activities | — | — | — | — | $0 | ($9k) | $0 | $0 | |
| Change In Account Payable | — | — | — | $27.3m | $18.2m | ($10.6m) | $32.4m | $55.2m | |
| Change In Other Working Capital | — | — | — | ($699k) | $877k | $2.9m | $5.5m | $5.5m | |
| Change In Payable | — | — | — | $15.4m | $26.5m | ($6.4m) | $57.8m | $55.2m | |
| Change In Prepaid Assets | — | — | — | $5.9m | ($22.9m) | ($361.7m) | ($41.9m) | ($24.8m) | |
| Changes In Cash | — | — | — | $60.2m | ($284k) | $1.5m | $20.2m | $184.5m | |
| End Cash Position | — | — | — | $67.2m | $72.4m | $77.2m | $109.2m | $290.4m | |
| Financing Cash Flow | — | — | — | $86.9m |
$27.0m
-68.93%
|
$369.6m
+1269.37%
|
$51.9m
-85.95%
|
$196.1m
+277.45%
|
|
| Free Cash Flow | — | — | — | ($26.7m) | ($27.3m) | ($374.6m) | ($31.7m) | ($11.6m) | |
| Gain Loss On Sale Of PPE | — | — | — | $10k | $184k | $0 | $0 | $0 | |
| Investing Cash Flow | — | — | — | ($5.8m) | ($2.9m) | $5.5m | $0 | ($44k) | |
| Net Business Purchase And Sale | — | — | — | $28k | $0 | — | — | $0 | |
| Net Intangibles Purchase And Sale | — | — | — | $0 | ($307k) | $0 | — | $0 | |
| Net PPE Purchase And Sale | — | — | — | ($5.9m) | ($2.6m) | $5.5m | $0 | ($44k) | |
| Operating Gains Losses | — | — | — | $10k | $184k | — | — | $184k | |
| Other Non Cash Items | — | — | — | — | $7.0m | $28.6m | — | — | |
| Provisionand Write Offof Assets | — | — | — | $3.7m | ($356k) | $840k | $515.6m | $502.8m | |
| Purchase Of Intangibles | — | — | — | $0 | ($307k) | $0 | — | $0 | |
| Purchase Of PPE | — | — | $3.1m | ($5.9m) | ($2.6m) | ($971k) | $0 | ($971k) | |
| Sale Of Business | — | — | — | $28k | $0 | — | — | $0 | |
| Sale Of PPE | — | — | — | $0 | $0 | $6.5m | $0 | $0 | |
| Stock Based Compensation | — | — | — | $0 | $63.7m | $8.9m | $111.0m | $3.1m | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | ($3.8m) | — | — | |
| Cash and cash equivalents | $7.4m | $554k | $9.0m | $66.7m | $71.9m | $76.7m | $109.2m | $105.8m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | $57.7m | $5.2m | $4.7m | $32.0m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.5m | $1.7m | $375k | $741k | $887k | $512k | $0 | — | |
| Income taxes paid (refunded) | $30k | $820k | ($364k) | $0 | $0 | $0 | $0 | — |