UTime H1 net income was RMB 9.35 million as revenue fell 28.08% to RMB 99.53 million

Reuters03-19 04:13
UTime H1 net income was RMB 9.35 million as revenue fell 28.08% to RMB 99.53 million

UTime filed an unaudited Form 6-K with condensed consolidated financial statements for the six months ended Sept. 30, 2025. For the six months ended Sept. 30, 2025, revenue fell 28.09% to RMB99.53 million and net income was RMB9.35 million. For the same period, operating profit was RMB11.03 million, compared with an operating loss in the prior-year period. As of Sept. 30, 2025, cash and cash equivalents were RMB293.29 million and total assets were RMB439.83 million. Management said liquidity improved primarily due to the issuance of ordinary shares, with total subscription proceeds of about RMB338 million, and it expects to collect RMB160 million recorded as subscription receivables.

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