← UTime Ltd

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
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)
Net Income (Loss) Attributable to Parent — — ($16.6m) ($6.1m) ($12.8m) ($8.6m) ($92.3m)
Net Income (Loss) Available to Common Stockholders, Basic — — ($10.7m) ($29.6m) ($19.2m) ($60.9m) ($670.1m)
Net loss from discontinued operations — — — — ($6.4m) ($28.6m) ($1.6m)
Net loss from continuing operations — — — — ($83.6m) ($33.6m) ($668.5m)
Cash and cash equivalents and restricted cash at end of year - Continuing operations — — — — $72.4m $77.2m $109.2m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — ($2.5m) ($6.2m) ($13.1m) ($8.8m) ($92.3m)
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)
Net Income (Loss) Attributable to Noncontrolling Interest — — — ($78k) $350k ($187k) —
Depreciation and amortization $3.2m $4.0m $602k $683k $843k $949k $781k
Amortization — — — — — $40k —
Amortization of Intangible Assets — — — $292k $295k — —
Depreciation $3.2m $4.0m $3.1m $3.3m $4.6m $5.7m $5.6m
Depreciation Amortization Depletion — — — $4.3m $5.8m $6.7m $5.7m
Deferred Income Tax Expense (Benefit) — — — $46k ($25k) ($24k) —
Deferred Other Tax Expense (Benefit) — — — — $171k — —
Deferred tax — — — $0 ($171k) ($171k) $0
Deferred Income Tax — — — $0 ($171k) ($171k) $0
Share-based Payment Arrangement, Noncash Expense — — — — $9.3m $1.3m $15.3m
Impairment of Intangible Assets (Excluding Goodwill) — — — $348k — — —
Share-based compensation and expenses — — — — $63.7m $8.9m $111.0m
Asset Impairment Charge — — — $348k $0 $0 $10.5m
Equity Method Investment, Realized Gain (Loss) on Disposal — — ($127k) — — — —
Gain (Loss) on Disposition of Property Plant Equipment $15.0m $2.6m — ($2k) ($27k) $6.5m —
Income (Loss) from Equity Method Investments — — $12.6m ($32.4m) $18.4m — —
Income Tax Expense (Benefit) — — ($55k) ($7k) ($25k) ($24k) ($8k)
Interest Expense Nonoperating — — — — — — $3.9m
Other Nonoperating Income (Expense) — — — — — $915k ($4.0m)
Earnings (Loss)es From Equity Investments — — — $0 $0 — —
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — ($17) $39 $88 — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — ($3.3m) $902k $4.0m ($580k) $3.1m
Increase (Decrease) in Inventories — — $1.7m $729k ($3.0m) ($628k) $712k
Increase (Decrease) in Accounts Payable — — ($1.5m) $4.3m — ($1.5m) $4.5m
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
Inventory Write-down — — $2.8m $46k ($59k) $97k $1.4m
Nonoperating Income (Expense) — — — — — $8.1m —
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 — — —
Net loss ($11.9m) ($21.7m) ($16.6m) ($39.3m) ($90.0m) ($62.2m) ($670.1m)
Allowances for obsolete inventories, net $3.3m ($450k) $7.6m $293k ($407k) $688k $9.8m
Allowance for credit losses, net — $1.2m ($836k) $3.4m — $152k $505.8m
Accounts receivable $7.7m $16.6m $21.5m ($5.7m) ($27.6m) $4.1m ($22.3m)
Prepaid expenses and other current assets $3.0m $3.9m ($26.2m) $5.9m ($25.9m) ($361.7m) ($41.9m)
Inventories $9.2m $1.0m ($10.9m) ($4.6m) $20.6m $4.5m ($5.2m)
Accounts payable ($3.2m) ($15.6m) ($9.9m) $27.3m $19.6m ($10.6m) $32.4m
Other payables and accrued liabilities ($10.4m) ($5.4m) $28.0m — $8.3m $4.2m $25.4m
Related parties $1.2m $398k $527k ($699k) $881k $2.9m $5.5m
Payment for intangible assets — ($1.8m) ($2.2m) — ($307k) — —
Proceeds from short-term borrowings $16.0m $15.0m $47.6m $46.5m $66.3m $60.6m $36.0m
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) —
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) —
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)
Beginning Cash Position — — — $9.5m $67.2m $72.4m $77.2m
Cash Flow From Continuing Financing Activities — — — $86.9m $27.0m $369.6m $51.9m
Cash Flow From Continuing Investing Activities — — — ($5.8m) ($2.9m) $5.5m $0
Cash From Discontinued Investing Activities — — — — $0 ($9k) $0
Change In Account Payable — — — $27.3m $18.2m ($10.6m) $32.4m
Change In Inventory — — — ($4.6m) $17.3m $4.5m ($5.2m)
Change In Other Current Assets — — — ($208k) $541k — —
Change In Other Working Capital — — — ($699k) $877k $2.9m $5.5m
Change In Payable — — — $15.4m $26.5m ($6.4m) $57.8m
Change In Payables And Accrued Expense — — — $15.4m $26.5m ($6.4m) $57.8m
Change In Prepaid Assets — — — $5.9m ($22.9m) ($361.7m) ($41.9m)
Change In Receivables — — — ($5.7m) ($27.5m) $4.1m ($22.3m)
Change In Working Capital — — — $10.1m ($5.8m) ($356.6m) ($6.0m)
Changes In Account Receivables — — — ($5.7m) ($27.5m) $4.1m ($22.3m)
Changes In Cash — — — $60.2m ($284k) $1.5m $20.2m
End Cash Position — — — $67.2m $72.4m $77.2m $109.2m
Financing Cash Flow — — — $86.9m $27.0m $369.6m $51.9m
Free Cash Flow — — — ($26.7m) ($27.3m) ($374.6m) ($31.7m)
Gain Loss On Sale Of PPE — — — $10k $184k $0 $0
Investing Cash Flow — — — ($5.8m) ($2.9m) $5.5m $0
Issuance Of Capital Stock — — — $88.3m $0 $350.0m $47.4m
Net Business Purchase And Sale — — — $28k $0 — —
Net Intangibles Purchase And Sale — — — $0 ($307k) $0 —
Net PPE Purchase And Sale — — — ($5.9m) ($2.6m) $5.5m $0
Operating Gains Losses — — — $10k $184k — —
Other Non Cash Items — — — — $7.0m $28.6m —
Provisionand Write Offof Assets — — — $3.7m ($356k) $840k $515.6m
Purchase Of Intangibles — — — $0 ($307k) $0 —
Purchase Of PPE — — $3.1m ($5.9m) ($2.6m) ($971k) $0
Sale Of Business — — — $28k $0 — —
Sale Of PPE — — — $0 $0 $6.5m $0
Stock Based Compensation — — — $0 $63.7m $8.9m $111.0m
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax — — — — — ($3.8m) —
Other Operating Income (Expense), Net — — ($438k) — $538k $1.1m ($72.6m)
Net Cash Provided by (Used in) Operating Activities $2.2m ($17.1m) ($385k) ($3.3m) ($2.2m) ($53.0m) ($4.4m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — — $923k $377k $137k —
Payments to Acquire Businesses, Net of Cash Acquired — — — ($4k) — — —
Net cash provided by investing activities - Continuing operations — — — — ($2.9m) $5.5m —
Net Cash Provided by (Used in) Investing Activities ($7.6m) ($2.3m) ($335k) ($919k) ($422k) $778k —
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — $1.4m — — —
Issuance Of Debt — — — $61.5m $70.3m $102.4m $36.0m
Long Term Debt Issuance — — — $15.0m $4.0m $41.8m —
Net Issuance Payments Of Debt — — — $11.2m $18.3m $22.2m $6.4m
Net Long Term Debt Issuance — — — $6.2m ($3.9m) ($22.6m) ($264k)
Net Short Term Debt Issuance — — — $5.0m $22.2m $44.8m $6.7m
Short Term Debt Issuance — — — $46.5m $70.3m $102.4m $36.0m
Repayments of Long-term Debt — — $183k — — $1.1m —
Long Term Debt Payments — — — ($8.8m) ($3.9m) ($22.6m) ($264k)
Repayment Of Debt — — — ($50.3m) ($52.0m) ($80.2m) ($29.6m)
Short Term Debt Payments — — — ($41.5m) ($48.1m) ($57.6m) ($29.3m)
Proceeds from Issuance of Common Stock — — — — — $49.3m $6.5m
Common Stock Issuance — — — $88.3m $0 $350.0m $47.4m
Net Common Stock Issuance — — — $88.3m $0 $350.0m $47.4m
Net Other Financing Charges — — — ($12.6m) $8.7m ($2.5m) ($1.8m)
Net Cash Provided by (Used in) Financing Activities $6.2m $12.8m $2.1m $13.7m $2.7m $52.5m $7.2m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($129k) ($391k) $725k $456k $1.4m
Effect of exchange rate changes on cash and cash equivalent and restricted cash ($24k) ($311k) ($855k) ($2.5m) $5.0m $3.2m $11.8m
Effect Of Exchange Rate Changes — — — ($2.5m) $5.5m $3.2m $11.8m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $1.3m $9.1m $763k $668k $4.2m
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
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
Restricted cash $500k $500k $500k $500k $500k $500k —
Cash and cash equivalents $7.4m $554k $9.0m $66.7m $71.9m $76.7m $109.2m
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

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