Estados financieros detallados de U Power Limited (UCAR): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
U Power Limited registró ingresos de $41.1M en el último ejercicio fiscal, con un CAGR de 5 años del 94.9%.
Márgenes de los últimos 12 meses: margen bruto 15.6%, margen operativo -142.0%, margen neto -167.4%.
Al precio actual de $3.85, UCAR presenta beneficios negativos (P/E no significativo) y un ROE del -3.34%. La capitalización bursátil es de $0M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.5M | $8.0M | $7.8M | $19.8M | $44.3M | $41.1M |
| Coste de Ventas | 0 | $5.1M | $5.1M | $7.6M | $33.8M | $26.2M |
| Beneficio Bruto | $1.5M | $2.9M | $2.7M | $12.2M | $10.5M | $14.9M |
| I+D | $111000 | $5.4M | $9.4M | $2.2M | $3.0M | $4.6M |
| Generales y Administrativos | $17.1M | $42.5M | $39.8M | $43.7M | $49.7M | $56.0M |
| Gastos Operativos | $17.5M | $47.8M | $58.9M | $49.1M | $68.5M | $73.2M |
| Beneficio Operativo | -$16.0M | -$45.0M | -$56.2M | -$36.9M | -$58.0M | -$58.3M |
| EBITDA | -$4.6M | -$40.6M | -$49.2M | -$12.7M | -$46.5M | -$68.3M |
| Gastos por Intereses | $532000 | $696000 | $764000 | $1.9M | $1.4M | $188000 |
| Beneficio Antes de Impuestos | -$6.5M | -$46.5M | -$57.7M | -$22.9M | -$56.4M | -$76.9M |
| Impuestos | 0 | $2.6M | $5000 | $2.6M | 0 | $3.6M |
| Beneficio Neto | -$5.5M | -$41.4M | -$45.9M | -$19.3M | -$47.9M | -$68.7M |
| BPA | $-22040.00 | $-165600.00 | $-183680.00 | $-31120.00 | $-33580.00 | $-31095.80 |
| BPA Diluido | $-22040.00 | $-165600.00 | $-183680.00 | $-31120.00 | $-33580.00 | $-31095.80 |
| Acciones en Circulación (Diluidas) | $250 | $250 | $250 | $622 | $1427 | $2210 |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Ingresos | $13.3M | $31.1M | $2.4M | $3.3M |
| Beneficio Bruto | -$4.2M | $9.2M | $359076 | $532972 |
| Beneficio Operativo | -$26.6M | -$31.6M | -$2.4M | -$5.7M |
| EBITDA | -$20.3M | -$20.7M | -$1.6M | -$5.3M |
| Beneficio Neto | -$23.7M | -$24.4M | -$3.0M | -$6.6M |
| BPA | $-38080.00 | $-19200.00 | $-9960.00 | $-1844.60 |
| BPA Diluido | $-38080.00 | $-19220.00 | $-9960.00 | $-1844.60 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $121.4M | $14.8M | $4.9M | $1.9M | $23.4M | $22.0M |
| Inversiones a Corto | 0 | 0 | 0 | $1.8M | 0 | 0 |
| Cuentas por Cobrar | $12000 | $193000 | $1.7M | $43.9M | $55.1M | $96.4M |
| Inventario | $197000 | $13.4M | $5.5M | $5.4M | $9.9M | $12.3M |
| Activos Corrientes | $135.3M | $128.3M | $54.0M | $163.2M | $105.1M | $147.4M |
| Inmovilizado Material | $5.5M | $35.8M | $35.5M | $33.4M | $24.9M | $18.4M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $46000 | $608000 | $286000 | $201000 | $132000 | $62000 |
| Activos Totales | $328.7M | $353.7M | $281.9M | $429.0M | $385.7M | $378.8M |
| Cuentas por Pagar | $1.3M | $9.8M | $11.1M | $10.2M | $14.3M | $19.5M |
| Deuda a Corto | $16.0M | $3.3M | $19.6M | $37.5M | $22.8M | $21.1M |
| Pasivos Corrientes | $29.3M | $76.8M | $59.1M | $74.9M | $56.9M | $81.9M |
| Deuda a Largo | $7.0M | $15.5M | $10.0M | 0 | $3.7M | 0 |
| Pasivos Totales | $38.6M | $96.0M | $76.8M | $84.4M | $64.7M | $90.0M |
| Reservas | -$66.5M | -$107.9M | -$153.8M | -$173.2M | -$221.1M | -$289.8M |
| Patrimonio Neto | $239.2M | $211.9M | $165.9M | $306.7M | $291.5M | $271.0M |
| Deuda Total | $26.8M | $26.8M | $36.1M | $45.2M | $32.4M | $24.8M |
| Deuda Neta | -$94.6M | $12.0M | $31.2M | $41.5M | $9.0M | $2.8M |
| Capital Circulante | $106.0M | $51.5M | -$5.1M | $88.3M | $48.2M | $65.5M |
Balance (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Caja y Equivalentes | $39.6M | $23.4M | $22.7M | $22.0M |
| Activos Totales | $420.9M | $385.7M | $396.0M | $378.8M |
| Pasivos Totales | $74.9M | $64.7M | $69.1M | $90.0M |
| Patrimonio Neto | $311.1M | $291.5M | $302.9M | $271.0M |
| Deuda Total | $38.1M | $32.4M | $29.7M | $24.8M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$6.5M | -$49.1M | -$57.7M | -$19.3M | -$56.4M | -$80.5M |
| Amortizaciones | $786000 | $1.8M | $7.7M | $8.3M | $8.5M | $8.4M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$17.3M | -$38.4M | $25.3M | -$51.6M | -$41.3M | -$10.1M |
| Flujo de Caja Operativo | -$22.4M | -$82.2M | -$12.9M | -$65.4M | -$73.2M | -$69.9M |
| Inversiones (CapEx) | -$1.3M | -$11.0M | -$7.8M | -$881000 | -$10000 | -$500000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$23.7M | -$93.2M | -$20.7M | -$66.3M | -$73.2M | -$70.4M |
Flujo de Caja (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Flujo de Caja Operativo | -$32.0M | -$41.4M | -$35.9M | -$34.0M |
| Inversiones (CapEx) | -$351439 | $339000 | -$94000 | -$400186 |
| Flujo de Caja Libre | -$32.3M | -$41.1M | -$36.0M | -$34.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +447.1% | -2.7% | +153.5% | +124.1% | -7.1% |
| Crecimiento Beneficio Neto (anual) | | -651.3% | -10.9% | +57.9% | -147.8% | -43.4% |
| Crecimiento BPA (anual) | | -651.4% | -10.9% | +83.1% | -7.9% | +7.4% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +148.8% | +129.4% | +54.9% |
| Crecimiento FCF (anual) | | -292.9% | +77.8% | -220.5% | -10.3% | +3.8% |
| Margen Bruto | 100.0% | 35.9% | 34.1% | 61.6% | 23.6% | 36.3% |
| Margen Operativo | -1093.7% | -561.2% | -721.5% | -186.7% | -130.9% | -141.7% |
| Margen EBITDA | -313.7% | -506.4% | -631.0% | -64.1% | -104.9% | -166.0% |
| Margen Neto | -376.4% | -516.8% | -589.0% | -97.8% | -108.2% | -167.1% |
| Margen FCF | -1620.6% | -1163.9% | -265.4% | -335.6% | -165.2% | -171.2% |
| Tasa Impositiva Efectiva | -0.0% | -5.6% | -0.0% | -11.4% | -0.0% | -4.7% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-94900.00 | $-372900.00 | $-82768.00 | $-106628.62 | $-51282.41 | $-31852.49 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $250 | $250 | $250 | $622 | $1427 | $2210 |
Qué mirar en empresas de Consumer Cyclical
- Margen operativo medio 5a (Media del ciclo) — Mira la media del ciclo, no el año actual (pico o valle).
- Rotación de inventario (≥4x/año) — El retail sano rota inventario rápido. Una caída señala demanda débil.
- ROIC medio 5a (≥12%) — Cíclicas con ROIC medio >12% son ganadoras estructurales.
- Deuda neta / EBITDA (pico) (<3x en valle) — En cíclicas la deuda mata en recesión.
- Current Ratio (>1,5x) — Aguanta 12-18 meses sin caja operativa.
- Altman Z-Score (>2,99 seguro) — Modelo de bancarrota — clave en cíclicas sensibles a recesión.
Rentabilidad
| Rentabilidad sobre capital | -3.34% |
| Rentabilidad sobre capital invertido | -2.55% |
| Rentabilidad sobre activos | -2.53% |
| Margen bruto | 15.57% |
| Margen operativo | -142.02% |
| Margen neto | -167.44% |
Salud financiera
| Deuda / Patrimonio | 0.09 |
| Ratio corriente | 1.80 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -1.23 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -255.67 | -33.13 | -32.43 | -0.81 | -0.29 | -0.07 |
| P/VC | 5.89 | 6.47 | 8.97 | 0.05 | 0.05 | 0.02 |
| P/V | 962.26 | 171.21 | 191.01 | 0.79 | 0.31 | 0.11 |
| Margen Bruto | 100.0% | 35.9% | 34.1% | 61.6% | 23.6% | 36.3% |
| Margen Operativo | -1093.7% | -561.2% | -721.5% | -186.7% | -130.9% | -141.7% |
| Margen Neto | -376.4% | -516.8% | -589.0% | -97.8% | -108.2% | -167.1% |