Welcome to our dedicated page for UTime SEC filings (Ticker: WTO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
UTime Limited filings document its foreign private issuer reports, operating results, governance actions, and capital structure. The company furnishes Form 6-K reports that include interim financial statements, management discussion and analysis, material-event disclosures, and exhibits incorporated by reference into registration statements where applicable.
Governance and share-structure filings cover the 2026 Equity Incentive Plan, restricted stock unit grant agreements for directors, extraordinary general meeting notices and voting results, authorized share-capital amendments, memorandum and articles updates, and share consolidations involving Class A ordinary shares. The disclosures also address ordinary-share voting mechanics and corporate actions affecting the Nasdaq-traded WTO security.
UTime Limited (WTO) reported it believes it has regained compliance with Nasdaq’s $2.5 million stockholders’ equity requirement after completing a $25 million private placement of ordinary shares on August 12, 2025. The company estimates approximately $6.69 million in stockholders’ equity on a pro forma basis and says recent cost cuts from discontinuing unprofitable activities support maintaining compliance over the next 12 months.
Nasdaq previously notified UTime on or about August 15, 2025 that it was below the $2,500,000 equity threshold based on its Form 20-F filed August 11, 2025. Nasdaq will continue to monitor compliance and the company may face delisting if its next periodic report does not evidence compliance.
UTime also announced the immediate discontinuation and divestiture of three subsidiaries: Changsha Utime Business Management Co., Ltd., WTO New York Inc., and UT (HK) International Technology Co. Limited. The divestiture process has begun as UTime refocuses on core businesses.
UTime Limited reports that two Form 6-K filings made on September 9, 2025, and related press releases were submitted by an unauthorized individual and contained false information about wholesale leadership changes. The company confirms that no executive officers or directors resigned and that its board and management remain unchanged.
UTime explains that this individual seized control of its EDGAR filing codes, temporarily blocking official access, and that the company worked with the SEC to regain control on October 9, 2025. The refurnished September 11, 2025 press release, attached as Exhibit 99.1, reiterates the continuity of the existing leadership team.
UTime Limited reports significant leadership and board changes. Effective September 8, 2025, the Board removed Mr. Yanzhi Wang as an independent director, chairman of the Audit Committee, and member of the Compensation and Nominating & Corporate Governance Committees.
To fill the resulting vacancies, the Board appointed Ms. Xuan Ouyang as an independent director, chairman of the Audit Committee, and member of the Compensation and Nominating Committees, effective the same date. The Board also approved Mr. Tianlong Wang as Chief Executive Officer and chairman, effective September 8, 2025.
In addition, the company appointed Mr. Shirong Tong and Mr. Zhongping Liu as independent directors with various committee roles, and Ms. Xiaoxia Wu as a director of the Board, all effective September 8, 2025. These changes substantially reshape the company’s board and senior leadership structure.
UTime Limited reported sweeping leadership changes in early September 2025. On September 4, four board members, including Chief Executive Officer and Chairman Hengcong Qiu, resigned effective immediately. Each departing director and the CEO stated that their resignations were not the result of any disagreement with the company’s operations, policies, or practices.
On September 8, the board appointed Tianlong Wang as the new Chief Executive Officer and chairman, and named Shirong Tong, Zhongping Liu, and Xiaoxia Wu as new directors. The filing notes that there are no special arrangements underlying these appointments and no family relationships between the new appointees and existing directors or executive officers. The new leaders bring experience in management, academia, human resources, and investment management.
UTime Limited completed a private placement of up to 80,000,000 Class A ordinary shares at $0.3125 per share, for an aggregate purchase price of approximately $25 million, to certain non-U.S. investors under Regulation S. The company plans to use the net proceeds for working capital and other general corporate purposes. The transaction closed on August 22, 2025 after all closing conditions in the securities purchase agreement were satisfied.
The company also announced governance changes. Effective August 18, 2025, independent director Ms. Na Cai resigned from the board and from her roles on the audit, compensation, and nominating committees for personal reasons, stating there was no disagreement with management or the board. On August 21, 2025, the board approved the appointment of Mr. Yanzhi Wang as an independent director and committee member, effective August 22, 2025, under a director offer letter setting the terms of his service.
UTime Limited operates as a Cayman Islands holding company and conducts substantially all operations in China through a consolidated variable interest entity (VIE), United Time Technology Co., Ltd., under contractual arrangements rather than equity ownership. The company reported consolidated revenue of RMB 250,997 thousand (FY2025) with a gross profit of RMB 7,084 thousand, but recorded a large consolidated net loss of RMB 670.1 million (approximately US$92.3 million) in FY2025.
Operating cash flows were negative in recent years, with cash used in operations of RMB 31.7 million (US$4.4 million) in FY2025 after a larger outflow in FY2024. Cash on hand totaled US$15.1 million at March 31, 2025 (about US$10.4 million in Hong Kong, US$4.6 million in the U.S., and US$0.1 million in the PRC). The filing discloses material weaknesses in internal control over financial reporting and highlights regulatory risks tied to the VIE structure and U.S. inspection/delisting provisions (HFCA Act/PCAOB). Outstanding Class A shares totaled 3,604,015 as of March 31, 2025.