← UTime Ltd

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value — $1.4m — — $10.8m $15.1m
Prepaid Expense and Other Assets, Current — $9.9m $10.4m $13.9m $64.5m $6.3m
Cash and cash equivalents $554k $9.0m $66.7m $71.9m $76.7m $109.2m
Accounts receivable, net $41.4m $17.5m $22.4m $52.3m $30.2m $0
Prepaid expenses and other current assets, net $37.2m $65.1m $65.8m $95.5m $457.7m $45.5m
Allowance For Doubtful Accounts Receivable — — ($126k) ($136k) ($293k) ($52.8m)
Cash Cash Equivalents And Short Term Investments — — $66.7m $71.9m $76.7m $109.2m
Gross Accounts Receivable — — $22.5m $52.3m $30.5m $52.8m
Inventories Adjustments Allowances — — ($10.8m) ($10.2m) ($10.9m) ($20.8m)
Other Current Assets — — $1k $1k — —
Other Receivables — — $26.3m $28.5m $24.6m $31.8m
Prepaid Assets — — $40.6m $63.3m $433.0m $13.7m
Receivables Adjustments Allowances — — ($1.7m) ($355k) ($355k) ($453.7m)
Taxes Receivable — — $568k $412k — —
Inventory, Net $28.7m $4.8m $5.7m $2.4m $1.7m $875k
Accounts Receivable, after Allowance for Credit Loss — $17.5m $22.4m $52.3m $30.2m —
Assets, Current — $19.9m $30.4m $34.5m $81.5m $22.3m
Total current assets $116.8m $130.8m $192.9m $237.0m $578.1m $161.7m
Property, Plant and Equipment, Net $38.8m $5.4m $6.0m $8.9m $7.6m $5.5m
Intangible Assets, Net (Excluding Goodwill) — $351k $408k $244k $93k $28k
Intangible assets, net $1.2m $2.3m $2.6m $1.7m $662k $205k
Goodwill And Other Intangible Assets — — $2.6m $1.7m $662k $205k
Operating Lease, Right-of-Use Asset — $217k $2.6m $1.9m $1.4m $236k
Other Assets, Noncurrent — $507k $85k — $22k —
Operating lease right-of-use assets, net $2.4m $1.4m $16.3m $13.0m $9.8m $1.7m
Finance lease right-of-use assets, net — — — — $6.5m $2.2m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current — $2.7m $3.5m $7.6m $4.3m —
Restricted cash $500k $500k $500k $500k $500k $0
Due from related parties $8.4m $7.0m $1.4m $584k $553k $566k
Deferred loss on sale-leaseback — — — — $767k $605k
Short-term borrowings $15.0m $30.8m $35.8m $53.9m $56.9m $57.6m
Current portion of government grants — — — — $1.8m $1.8m
Due to related parties $2.9m $1.4m $4.5m $5.5m $35.2m $40.8m
Lease liabilities — — $3.4m $3.7m $6.8m $4.1m
Income tax payables $18k $18k $18k $18k $18k —
Current liabilities related to discontinued operations — — — — $1.9m $1.6m
Government grants — — — $8.7m $4.3m $2.5m
Lease liabilities - non-current — — $14.5m $10.9m $10.1m $1.6m
Ordinary shares, par value US$0.001; Authorized:99,000,000 shares; Issued and outstanding: 1,568,456 shares as of March 31,2024 and 3,604,015 shares as of March 31, 2025 4k 4k 5k 9k 278k 26k
Non-controlling interests — — ($520k) ($3.4m) ($5.2m) ($5.2m)
Accumulated Depreciation — — ($17.5m) ($20.6m) ($25.4m) ($40.0m)
Assets Held For Sale Current — — — $4.2m $1.4m $0
Buildings And Improvements — — $21.0m $21.0m $21.0m $21.0m
Capital Lease Obligations — — $17.9m $14.5m $16.9m $5.7m
Construction In Progress — — $541k $0 — —
Current Accrued Expenses — — $10.2m $11.9m $10.8m $11.1m
Current Capital Lease Obligation — — $3.4m $3.7m $6.8m $4.1m
Current Debt — — $36.6m $55.0m $56.9m $57.6m
Current Debt And Capital Lease Obligation — — $39.9m $58.7m $63.8m $61.7m
Current Deferred Liabilities — — $16.6m $16.1m $9.0m $47.2m
Current Provisions — — $51k $51k — —
Duefrom Related Parties Current — — $1.4m $584k $553k $566k
Dueto Related Parties Current — — $4.5m $4.8m $35.2m $40.8m
Finished Goods — — $13.5m $11.1m $10.9m $13.7m
Gross PPE — — $72.7m $95.0m $95.8m $83.6m
Income Tax Payable — — $18k $18k $18k $0
Invested Capital — — $109.6m $106.0m $424.7m ($69.1m)
Investments And Advances — — $0 $0 $0 $0
Line Of Credit — — $35.8m $53.9m $56.9m $57.6m
Long Term Capital Lease Obligation — — $14.5m $10.9m $10.1m $1.6m
Long Term Equity Investment — — $0 $0 $0 $0
Machinery Furniture Equipment — — $34.8m $61.0m $58.6m $58.6m
Net PPE — — $55.1m $74.4m $70.4m $43.6m
Net Tangible Assets — — $62.4m $42.4m $367.1m ($132.9m)
Non Current Deferred Assets — — — $0 $767k $605k
Non Current Deferred Liabilities — — $466k $9.0m $4.5m $2.5m
Ordinary Shares Number — — $66 $108 $3k $7k
Other Current Borrowings — — $800k $1.1m — —
Other Current Liabilities — — — $3.2m $1.9m $1.6m
Other Equity Adjustments — — $1.0m $3.5m $2.7m $13.3m
Other Non Current Assets — — — $22k $3k —
Other Payable — — $15.8m $18.4m $41.2m $29.4m
Other Properties — — $16.3m $13.0m $16.2m $4.0m
Properties — — $0 $0 $0 $0
Raw Materials — — $32.0m $12.3m $9.5m $10.5m
Share Issued — — $66 $108 $3k $7k
Tangible Book Value — — $62.4m $42.4m $367.1m ($132.9m)
Work In Process — — $1.3m $3.0m $1.6m $2.9m
Working Capital — — $29.8m ($8.7m) $305.3m ($172.1m)
Total non-current assets $51.3m $42.8m $57.7m $76.1m $71.9m $44.4m
Total non-current liabilities $7.3m $285k $23.0m $26.7m $16.3m $10.1m
Total UTime Limited shareholders’ equity $39.9m $25.2m $65.0m $44.1m $367.8m ($132.7m)
Total shareholders’ equity $39.9m $25.2m $64.5m $40.7m $362.6m ($137.9m)
Total Capitalization — — $73.0m $51.0m $367.8m ($126.7m)
Total Debt — — $62.5m $76.4m $73.8m $69.3m
Total Tax Payable — — $1.5m $7.3m $4.8m $3.5m
Assets — $26.4m $39.5m $45.6m $91.6m $28.4m
Total assets $168.1m $173.6m $250.6m $313.1m $649.9m $206.0m
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — $174k $529k $535k $3.9m $1.2m
Accounts Payable, Current $65.8m $7.5m $11.7m $18.4m $15.0m $19.1m
Operating Lease, Liability, Noncurrent — $43k $2.3m $1.6m $6.9m $1.4m
Deferred Revenue, Current — $1.0m $16.6m $16.1m $9.0m $47.2m
Deferred Revenue, Noncurrent — — $73k $16.1m $9.0m $47.2m
Long-term Debt, Current Maturities — $849k $126k $157k — —
Long-term Debt, Excluding Current Maturities $5.6m $5.6m $800k $1.1m — $827k
Other payables and accrued liabilities $34.9m $60.1m $44.1m $54.8m $64.0m $89.3m
Payables And Accrued Expenses — — $106.5m $167.7m $198.1m $223.2m
Liabilities, Current — $22.5m $25.7m $35.8m $38.5m $46.0m
Total current liabilities $120.8m $148.1m $163.1m $245.7m $272.8m $333.7m
Deferred Income Tax Liabilities, Net — — — — $18k —
Other Liabilities, Noncurrent — — — $6.4m — —
Deferred tax liability — — $466k — $125k —
Long Term Debt And Capital Lease Obligation — — $22.6m $17.7m $10.1m $7.6m
Non Current Deferred Taxes Liabilities — — $466k $295k $125k $0
Deferred Tax Liabilities, Net — — $466k $295k $125k —
Liabilities — $22.6m $29.3m $39.6m $40.5m $47.4m
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB230,819 and RMB278,811 as of March 31, 2024 and 2025, respectively) $128.2m $148.4m $186.2m $272.4m $287.3m $343.9m
Total Liabilities Net Minority Interest — — $186.2m $272.4m $287.3m $343.9m
Stockholders’ equity:
Common Stock, Value, Issued — $1k $1k $1k $39k $4k
Additional Paid in Capital $73.2m $11.1m $24.0m $31.5m $80.8m $101.0m
Retained Earnings (Accumulated Deficit) — ($7.5m) ($13.9m) ($25.6m) ($29.4m) ($121.1m)
Accumulated Other Comprehensive Income (Loss), Net of Tax — $212k $161k $503k $384k $1.8m
Additional Paid in Capital, Common Stock — $73.2m $152.2m — — —
Accumulated deficit ($32.8m) ($49.4m) ($88.3m) ($175.9m) ($208.8m) ($878.9m)
Accumulated other comprehensive income ($467k) $1.4m $1.0m $3.5m $2.7m $13.3m
Capital Stock — — $5k $9k $12k $26k
Gains Losses Not Affecting Retained Earnings — — $1.0m $3.5m $2.7m $13.3m
Preferred Stock — — $0 $0 $0 $0
Stockholders' Equity Attributable to Parent — $3.8m $10.2m $6.4m $51.8m ($18.3m)
Stockholders' Equity Attributable to Noncontrolling Interest — — ($82k) ($489k) ($732k) ($715k)
Minority Interest — — ($520k) ($3.4m) ($5.2m) ($5.2m)
Total Equity Gross Minority Interest — — $64.5m $40.7m $362.6m ($137.9m)
Total Non Current Liabilities Net Minority Interest — — $23.0m $26.7m $14.5m $10.1m
Liabilities and Equity — $26.4m $39.5m $45.6m $91.6m $28.4m
Total liabilities and shareholders’ equity $168.1m $173.6m $250.6m $313.1m $649.9m $206.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.