U Power H1 Net Loss Widens to RMB97.6 Million as Revenue Falls 16.5%
For H1 2026, revenue fell 16.5% year over year to RMB14.8 million, net loss widened to RMB97.6 million from RMB27.4 million, and gross margin declined to 24.5% from 47.3%.
H1 2026 revenue fell 16.5% year over year to RMB14.8M, while net loss widened to RMB97.6M from RMB27.4M. Gross margin declined to 24.5% from 47.3%.Material DetailsContext by AI AnalystThis is a mid-cycle financial update showing weaker revenue and margins alongside sharply higher expenses and losse…