All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
4 warning events since 2022; the latest 2026-04-30.
From the record
U Power Limited's filings since 2022 show 4 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 4 times, the latest 2026-04-30) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+94.9% a year over 6 filed years; profitable in 0 of 6.
From the record
U Power Limited's 6 filed years say what it did: revenue went from CNY 1 million in fiscal 2020 to CNY 41 million in fiscal 2025, up 94.9% a year; it rose in 3 of 5 years; the deepest fall was 7% from fiscal 2024 to fiscal 2025; net income was positive in 0 of 6 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 1.2/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: U Power Limited's shareholder treatment is put at 1.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 12% of 39 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -24%: lost 24¢ per shareholder dollar. Leverage 24%: owes 24¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, U Power Limited lost about 24 cents for every dollar of shareholders' money, and gross profitability: its products earned about 4 cents per dollar of everything the company owns. Leverage: it owed about 24 cents per dollar of assets, and net share issuance: its share count grew 60.0% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 44% of 39 in its family; net margin -167.1%.
From the record
U Power Limited's standing among 39 graded names in its industry family: revenue of CNY 41 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -167.1% ranks in the bottom 24%; revenue growth of 74.1% a year over the last 3 filed years ranks in the top 12% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 5.0/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: U Power Limited's leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-05-20 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 6 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 27 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
top 45% of 39 in its family for room to expand.
From the record
U Power Limited's room to grow, from the newest filed statements (fiscal 2025): cash of CNY 22 million against no long-term debt tagged leaves 5.9% of its assets as net cash, top 40% of its family; cash from operations less capital spending is -171.2% of revenue (bottom 19%); a gross margin of 36.3% (top 21%); research spending of 11.2% of revenue (top 38%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 17% of 35 in its family for growth drivers.
From the record
U Power Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 74.1% a year over the last three filed years against 94.9% over all 6, slowing (bottom 23% of its family); the newest year grew -7.2% (bottom 30%); research spending grew -21.1% a year (bottom 15%); capital spending grew -59.9% a year (bottom 2%) (its annual reports). U Power Limited reported 4 product lines in fiscal 2025: Product at CNY 37 million (89%), Two Wheeled Vehicle Battery Swapping Services at CNY 3 million (7%), Service at CNY 1 million (3%), and 1 more; 2 of 4 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 42% of 35 in its family for expectations against reality.
From the record
U Power Limited's newest year against its own record: revenue of CNY 41 million in fiscal 2025 came in 61% below the CNY 106 million its prior three years' pace pointed to (bottom 7% of its family); net income of CNY 69 million against a prior three-year average of CNY 38 million (bottom 30%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 10%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made