U Power Reports H1 2026 Financials With $8.1M Cash on Hand
U Power Limited posted unaudited first-half 2026 results, disclosing $8.1M in cash and $18.2M in working capital as of June 30.
U Power Limited (Nasdaq: UCAR), a Shanghai-based electric vehicle services provider, released unaudited financial results for the first half of 2026, revealing cash and cash equivalents of RMB54.9 million, equivalent to approximately US$8.1 million, as of June 30, 2026.
The company reported working capital of RMB123.3 million, or roughly US$18.2 million, at the close of the reporting period. Working capital serves as a key measure of a company's short-term liquidity and operational health, indicating the difference between current assets and current liabilities.
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U Power operates in the competitive electric vehicle sector, which has drawn heightened scrutiny from investors monitoring the financial stability of smaller EV-related companies listed on U.S. exchanges. The disclosure of cash reserves and working capital figures provides shareholders an early snapshot of the firm's balance sheet standing at the midpoint of its fiscal year.
The results were announced from the company's Shanghai headquarters and distributed via press release on November 6, 2026. Full details of the unaudited financial results, including revenue and profit metrics, are available in the complete filing.
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