UTime Ltd
WTO · Electronic & Other Electrical Equipment (No Computer Equip) · EDGAR filings ↗
Grade
D41China-based handset/electronics company with razor-thin gross margin, negative equity, and a current ratio below 0.5 signalling liquidity stress.
Strengths
- Revenue growth 46% (87th pct) and a reduced net-loss trend
- Sizeable reported cash balance ($109M)
Risks
- Current ratio 0.48 (<0.5), gross margin 2.8% (6th pct), net/operating margins ~-265%, interest coverage -169
- Negative equity (the 'positive' ROE is an artifact), material weaknesses, customer concentration and China/VIE risk
Notable findings
- No interest coverageInterest coverage -169.29 (cannot cover interest)
- Negative equityNegative book equity (debt/equity -0.05)
- Net lossNet loss (net margin -267.0%)
- Weak liquidityCurrent ratio 0.48 (<1)
- Material weakness● Our management and auditors identified material weaknesses in our internal control over financial reporting that, if not properly remediated, could result in material misstatements in our consolid
Key metrics
Gross margin
2.8%
Operating margin
-264.8%
Net margin
-267.0%
Return on equity
505.1%
Return on assets
-325.2%
Revenue growth (QoQ)
45.1%
Debt / equity
-0.0×
Interest coverage
-169.3×
Current ratio
0.5×
EBITDA
-$91M
Tangible book value
-$18M
Cash & investments
$15M
Stock comp / revenue
44.2%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-08-11 | 2025-03-31 | 0001213900-25-074295 ↗ |
| 20-F | 2024-07-30 | 2024-03-31 | 0001013762-24-002659 ↗ |
| 20-F | 2023-08-08 | 2023-03-31 | 0001213900-23-064327 ↗ |
| 20-F | 2022-10-31 | 2022-03-31 | 0001213900-22-067293 ↗ |
| 20-F | 2021-07-22 | 2021-03-31 | 0001213900-21-037961 ↗ |