Financial Statements — UCAR
Balance Sheet
(in millions CNY)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Cash & Equivalents | 22.70 | 39.62 | 15.01 |
| Accounts Receivable | 18.36 | 18.55 | 0.09 |
| Inventory | 12.98 | 5.99 | 6.61 |
| Total Current Assets | 140.42 | 152.68 | 171.45 |
| Property, Plant & Equipment | 8.65 | 9.51 | 14.05 |
| Intangible Assets | 0.01 | 0.17 | 0.03 |
| Total Non-current Assets | 35.68 | 36.91 | 217.79 |
| Total Assets | 55.28 | 420.94 | 389.24 |
| Accounts Payable | 1.71 | 29.09 | 30.43 |
| Short-term Debt | -- | 5.00 | -- |
| Total Current Liabilities | 63.12 | 69.82 | 71.49 |
| Long-term Debt | -- | -- | 6.50 |
| Total Non-current Liabilities | 5.93 | 5.05 | 14.36 |
| Total Liabilities | 9.64 | 74.87 | 85.85 |
| Retained Earnings | (243.10) | (196.70) | (157.30) |
| Total Stockholder Equity | 302.87 | 311.11 | 260.12 |
Income Statement
(in millions CNY) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Total Revenue | 2.48 | 1.82 | 1.90 |
| Cost of Revenue | 9.34 | 1.64 | 0.08 |
| Gross Profit | 8.39 | 0.18 | 1.30 |
| Research & Development | 3.42 | 0.08 | 0.27 |
| Selling, General & Admin | 24.57 | 3.60 | 2.32 |
| Total Operating Expenses | 3.61 | 27.68 | 3.01 |
| Operating Income | (17.46) | (26.40) | (20.53) |
| Pretax Income | (27.08) | (26.52) | (5.83) |
| Tax Provision | 0.33 | -- | 1.34 |
| Net Income | (3.07) | (23.52) | (0.48) |
| Basic EPS | (0.81) | (7.42) | (0.07) |
| Diluted EPS | (5.79) | (7.42) | (0.22) |
Cash Flow Statement
(in millions CNY)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Operating Cash Flow | (35.93) | (4.37) | (0.83) |
| Capital Expenditures | 0.09 | -- | -- |
| Free Cash Flow* | (36.03) | -- | -- |
| Investing Cash Flow | 0.07 | 13.47 | 6.30 |
| Financing Cash Flow | 4.55 | 3.11 | 102.65 |
* Derived from reported values
