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FXHO on Nasdaq

UTime Ltd

UTime Ltd is an electronic and electrical equipment company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol FXHO.1

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Last updated Oct 21, 2026.

Overview

$28.5MRevenue, fiscal 20262
-$4.0MNet income, fiscal 20262

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  • TickerFXHO on Nasdaq1
  • IndustryElectronic & Other Electrical Equipment (No Computer Equip)1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business address7Th Floor Building 5A, Shenzhen Software Industry Base, Nanshan3
  • Filer categoryNon-accelerated filer, Emerging growth company3

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June 2008 through UTime SZ, a PRC company established by Mr. Bao, Mr. Junlin Zhou and Mr. Bo Tang. As of March 31, 2017, Mr. Bao, Mr.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

1.0%Gross margin2
-11.1%Operating margin2
-14.2%Net margin2
-17.7%Revenue growth, 20262
-19.5%Return on equity2
0.03×Debt to equity2
-$21.2MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

China brought in 95% of the revenue UTime Ltd broke down this way in fiscal 2026.

  1. China186.6M CNY295%down 1% from 2025
  2. Others5.1M CNY23%down 56% from 2025
  3. Hong Kong2.2M CNY21%down 94% from 2025
  4. Africa1.5M CNY21%down 87% from 2025
  5. United States1.0M CNY21%down 73% from 2025
Regions by year
Regions202420252026
China106.2M CNY187.8M CNY186.6M CNY
Others29.0M CNY11.6M CNY5.1M CNY
Hong Kong36.5M CNY2.2M CNY
Africa21.5M CNY11.3M CNY1.5M CNY
United States15.4M CNY3.8M CNY1.0M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue82¢$28.2M
  • Research and development16¢$5.4M
  • Interest3¢$867.0K

Out of $28.5M in revenue.2 The company lost money this year.

Financial statements

Revenue567892$28.5M in 2026−24% since 2021
0$20.0M$40.0M$60.0M2021: $37.6M$37.6M20212022: $43.4M$43.4M2022+16%2023: $29.2M$29.2M2023−33%2024: $24.3M$24.3M2024−17%2025: $34.6M$34.6M2025+43%2026: $28.5M$28.5M2026−18%
Gross profit567892$285.0K in 2026−90% since 2021
0$2.0M$4.0M$6.0M2021: $2.8M$2.8M20212022: $2.2M$2.2M2022−21%2023: $4.4M$4.4M2023+102%2024: $1.2M$1.2M2024−71%2025: $976.0K$976.0K2025−22%2026: $285.0K$285.0K2026−71%
Operating income567892-$3.2M in 2026+43% since 2021
-$100.0M-$75.0M-$50.0M-$25.0M02021: -$2.2M-$2.2M20212022: -$5.4M-$5.4M2022+146%2023: -$12.2M-$12.2M2023+125%2024: -$4.2M-$4.2M2024−65%2025: -$91.6M-$91.6M2025+2056%2026: -$3.2M-$3.2M2026−97%
Net income567892-$4.0M in 2026+59% since 2021
-$100.0M-$75.0M-$50.0M-$25.0M02021: -$2.5M-$2.5M20212022: -$6.1M-$6.1M2022+142%2023: -$12.8M-$12.8M2023+108%2024: -$8.6M-$8.6M2024−33%2025: -$92.3M-$92.3M2025+976%2026: -$4.0M-$4.0M2026−96%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
Revenue196.4M CNY251.0M CNY172.2M CNY
Cost of sales194.4M CNY243.9M CNY163.3M CNY
Gross profit2.0M CNY7.1M CNY8.9M CNY
Selling expenses1.7M CNY7.0M CNY6.4M CNY
General and administrative expenses25.2M CNY137.6M CNY40.7M CNY
Other income, net-3.0M CNY527.1M CNY-8.1M CNY
Total operating expenses/(income)23.8M CNY671.7M CNY39.0M CNY
(Loss)/Profit from operations-21.9M CNY-664.6M CNY-30.1M CNY
Interest expenses6.0M CNY3.9M CNY3.6M CNY
(Loss)/Profit before income taxes-27.8M CNY-668.5M CNY-33.8M CNY
Income tax benefits-59.0K CNY-171.0K CNY
Net loss from continuing operations-27.8M CNY-668.5M CNY-33.6M CNY
Loss on disposal of discontinued operation-26.7M CNY
Loss from discontinued operations-1.6M CNY-1.9M CNY
Net loss from discontinued operations-1.6M CNY-28.6M CNY
Net loss-27.8M CNY-670.1M CNY-62.2M CNY
Less: Net loss attributable to non-controlling interests-1.3M CNY
Net loss attributable to UTime Limited-27.8M CNY-670.1M CNY-60.9M CNY
Foreign currency translation adjustment-18.8M CNY10.6M CNY1.5M CNY
Total comprehensive loss-46.7M CNY-659.5M CNY-59.4M CNY
Comprehensive loss attributable to UTime Limited-46.7M CNY-659.5M CNY-59.4M CNY
Continuing operations-0 CNY-929 CNY-98 CNY
Discontinued operations-86 CNY
Weighted Average Number of Shares Outstanding, Diluted56.3K shares721 shares331 shares

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Corporate structure

UTime Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of UTime Ltd

  • UTime Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What UTime Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation79.7M CNY2 Mar 31, 202679.6M CNY2 Mar 31, 2025+0.1%
Accumulated depreciation36.5M CNY2 Mar 31, 202631.1M CNY2 Mar 31, 2025+17.5%
Property and equipment, net$5.0M2 Mar 31, 2026$5.5M9 Mar 31, 2025−9.2%
Finance-lease assets$241.0K2 Mar 31, 2026$310.0K9 Mar 31, 2025−22.3%
Operating-lease assets (leased space)$130.0K2 Mar 31, 2026$236.0K9 Mar 31, 2025−44.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$38.0M2 Mar 31, 2026$15.1M9 Mar 31, 2025+152.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$25.0K2 Mar 31, 2026$28.0K9 Mar 31, 2025−10.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$556.0K2 Mar 31, 2026$875.0K9 Mar 31, 2025−36.5%
Raw materials9.6M CNY2 Mar 31, 202610.5M CNY2 Mar 31, 2025−8.1%
Work in process1.1M CNY2 Mar 31, 20262.9M CNY2 Mar 31, 2025−61.3%
Finished goods9.8M CNY2 Mar 31, 202613.7M CNY2 Mar 31, 2025−28.5%

Leadership

Who has led UTime Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hengcong Qiu2023–now
2025
Board members and other officers (6)

Timeline

  1. May 18, 2023New chief executive Hengcong Qiu becomes CEO10

Filings

110 filings to the SEC since October 2021: 5 annual reports, 17 insider forms, 2 large holders, 86 other. The latest 20:

  1. Oct 6, 20266-K EDGAR
  2. Oct 5, 20266-K/A EDGAR
  3. Sep 30, 20266-K EDGAR
  4. Sep 21, 20266-K EDGAR
  5. Sep 16, 20266-K EDGAR
  6. Sep 14, 20266-K EDGAR
  7. Sep 1, 20266-K EDGAR
  8. Aug 27, 20266-K EDGAR
  9. Aug 10, 202620-F EDGAR
  10. Jul 30, 2026NT 20-F EDGAR
  11. Jul 28, 20264 EDGAR
  12. Jul 28, 20264 EDGAR
  13. Jul 28, 20264 EDGAR
  14. Jul 28, 20264 EDGAR
  15. Jul 28, 20264 EDGAR
  16. Jul 28, 20266-K EDGAR
  17. Jul 27, 2026S-8 EDGAR
  18. May 28, 20264 EDGAR
  19. May 28, 20264 EDGAR
  20. May 28, 20264 EDGAR

The 110 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How UTime Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUTime Ltd1
  • CIK0001789299
  • Filer statusNon-accelerated filer an emerging growth company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsMarch 311
  • Industry code (SIC)3600 Electronic & Other Electrical Equipment (No Computer Equip)1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address7Th Floor Building 5A, Shenzhen Software Industry Base, Nanshan, Shenzhen, China1
  • Phone86755865122661
  • Shares outstanding1,692,423 shares as of Mar 31, 20264
  • AuditorAssentsure PAC, Singapore PCAOB ID 6783; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceOct 1, 20191
  • Filings148 in all: 6-K (62), CORRESP (11), 4 (10), UPLOAD (10), F-1/A (9), 3 (7), 20-F (6), NT 20-F (4)1
    All 26 form types

    S-8 (4), 424B5 (3), 6-K/A (3), EFFECT (3), F-3 (2), POS AM (2), 144 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), F-1 (1), FWP (1), RW (1), SC 13D (1), SC 13G (1)

  • Latest filingsAnnual report (20-F) Aug 10, 2026

Securities registered for trading

ClassSymbolExchange
Class A ordinary shares, par value US$ $5.00 per shareFXHONasdaq

From the cover page of the 20-F filed Aug 10, 2026 (Section 12(b) of the Exchange Act).4

Sources

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