SHENZHEN, China, Sept. 11, 2025 (GLOBE NEWSWIRE) -- UTime Limited (the "Company" or “Utime”) (NASDAQ: WTO), a mobile device manufacturer and technology company, today issued a statement regarding misinformation the Company believes is being put into the market by a former employee and to clarify that UTime’s management and board composition remains unchanged following the unauthorized publication of two press releases put out overnight. On September 11, 2025, two fraudulent press releases were published – o ...

7th Floor, Building 5A Shenzhen Software Industry Base, Nanshan District Shenzhen, People’s Republic of China 518061 Shenzhen, China, Sept. 11, 2025 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO, the “Company”) today confirms that recent changes to its Board of Directors have been completed in accordance with the Company's Articles of Association and relevant procedures, and have been publicly announced. The Company reiterates that its Board structure remains intact, governance mechanisms are functioning n ...

Tel: (86) 755 86512266 7th Floor, Building 5A Shenzhen Software Industry Base, Nanshan District Shenzhen, People’s Republic of China 518061 SHENZHEN, China, Sept. 11, 2025 (GLOBE NEWSWIRE) -- UTime Limited (the "Company" or “Utime”) (NASDAQ: WTO), a mobile device manufacturer and technology company, today issued a statement to clarify its management and board composition following an unauthorized filing with the U.S. Securities and Exchange Commission (the "SEC"). On September 9, 2025, UTime Limited announc ...

Tel: (86) 755 865122667th Floor, Building 5AShenzhen Software Industry Base, Nanshan DistrictShenzhen, People’s Republic of China 518061 SHENZHEN, China, Sept. 09, 2025 (GLOBE NEWSWIRE) -- UTime Limited (the "Company" or “Utime”) (NASDAQ: WTO), a mobile device manufacturer and technology company, today issued a statement to clarify its management and board composition following an unauthorized filing with the U.S. Securities and Exchange Commission (the "SEC"). On September 9, 2025, a fraudulent filing was ...

本文源自：金融界 作者：行情君 财务数据显示，截至2025年03月31日，联代科技收入总额2.51亿人民币，同比增长45.8%；归母净利 润-6.7亿人民币，同比减少1000.6%。 资料显示，联代科技有限责任公司是一家移动设备制造公司,致力于为全球消费者提供具有成本效益的 产品和解决方案,并帮助来自成熟市场和新兴市场的低收入人群。联代科技主要从事手机、配件及相关 消费电子产品的设计、开发、生产、销售及品牌运营。联代科技重视系统化管理,以严格的质量标准和 生产工艺组织生产。联代科技不断提升整体制造服务水平,强化成本控制流程,增强对市场动态的快速响 应能力,实现电子制造服务业的可持续发展。 8月23日，联代科技(WTO)盘中上涨10.89%，截至00:15，报1.0美元/股，成交1.04万美元，总市值 2098.48万美元。 ...

Core Points - UTime Limited has received a notification from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000 as per Nasdaq Listing Rule 5550(b)(1) [1] - The company's reported stockholders' equity in its Form 20-F for the year ended March 31, 2025, is below the required threshold [1] - UTime does not meet the alternatives of market value of listed securities or net income from continuing operations as of August 14, 2025 [1] Compliance Plan - The notification does not have an immediate effect on the listing of UTime's class A ordinary shares on Nasdaq [2] - UTime has 45 calendar days, until September 29, 2025, to submit a plan to regain compliance with the minimum stockholders' equity standard [2] - If the compliance plan is accepted by Nasdaq, it may grant an extension of up to 180 calendar days from the date of the notification letter [2] Disclosure - The press release serves to disclose the receipt of the notification from Nasdaq in accordance with Nasdaq Listing Rule 5815(a) [3]

Group 1 - The core viewpoint of the article highlights the significant increase in revenue for the company, despite a substantial decline in net profit [1] - As of August 8, the company's stock price rose by 5.12%, reaching $1.13 per share, with a total market capitalization of $23.71 million [1] - The company reported total revenue of 138 million RMB for the period ending September 30, 2024, representing a year-on-year growth of 64.91% [1] Group 2 - The company, 联代科技, specializes in mobile device manufacturing, focusing on providing cost-effective products and solutions for low-income consumers in both mature and emerging markets [1] - The company is involved in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1] - The company emphasizes systematic management, strict quality standards, and production processes to enhance overall manufacturing service levels and improve cost control [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of 联代科技 (WTO), noting a significant increase in revenue but a drastic decline in net profit [1] - As of August 7, 联代科技's stock opened at $1.11 per share, reflecting a 3.26% increase, with a total market capitalization of $23.29 million [1] - The company reported total revenue of 138 million RMB for the period ending September 30, 2024, representing a year-on-year growth of 64.91% [1] Group 2 - The net profit attributable to the parent company was -127 million RMB, showing a year-on-year decrease of 1114.16% [1] - 联代科技 is a mobile device manufacturing company focused on providing cost-effective products and solutions for global consumers, particularly targeting low-income populations in both mature and emerging markets [1] - The company engages in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of 联代科技 (WTO), noting a significant revenue increase but a drastic decline in net profit [1] - As of August 5, 联代科技's stock price rose by 2.78% to $1.11 per share, with a total market capitalization of $23.29 million [1] - The company's total revenue reached 138 million RMB for the period ending September 30, 2024, representing a year-on-year growth of 64.91% [1] Group 2 - The net profit attributable to the parent company was -127 million RMB, reflecting a year-on-year decrease of 1114.16% [1] - 联代科技 is a mobile device manufacturing company focused on providing cost-effective products and solutions for low-income consumers in both mature and emerging markets [1] - The company engages in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1]

Core Viewpoint - 联代科技 (WTO) has shown a significant increase in stock price and revenue, but it faces a substantial decline in net profit, indicating potential challenges in profitability despite revenue growth [1]. Financial Performance - As of September 30, 2024, 联代科技 reported total revenue of 138 million RMB, representing a year-on-year growth of 64.91% [1]. - The company experienced a net loss of 127 million RMB, which is a dramatic decrease of 1114.16% compared to the previous year [1]. Company Overview - 联代科技 is a mobile device manufacturing company focused on providing cost-effective products and solutions to global consumers, particularly targeting low-income populations in both mature and emerging markets [1]. - The company is engaged in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1]. - Emphasizing systematic management, 联代科技 adheres to strict quality standards and production processes, aiming to enhance overall manufacturing service levels and strengthen cost control processes [1].