Flourishing in the Slack Season, USI Realized a Net Profit Increase of 110% in the First Half of 2017
2017/07/28

(July 28, 2017, Shanghai) After stock market closing, Universal Scientific Industrial (Shanghai) CO., Ltd. (stock code on Shanghai A-share market: 601231), a global giant in electronics design and manufacture, announced its preliminary earnings estimate in the first half of 2017on 28th July. In the first half of 2017, the Company realized business revenue of 12.892 billion RMB, an increase of 30% (i.e. 2.966 billion RMB) compared to the same period last year (9.926 billion RMB). In terms of net profit, the realized net profit attributable to shareholders of the listed company amounted to 556 million RMB, an increase of 110% (i.e. 291 million RMB) compared to the same period last year (265 million RMB). The gross profit rate of the main business in the first half of 2017 still maintained a level of 11.43%, while the net profit rate reached 4.31%.

 
 

The second season is usually the slack season for the electronics industry throughout the year, however, the company was nevertheless able to flourish even in this slack season. By virtue of stable delivery of products and adjustments to product portfolios and profit structure, the second season maintained the trend of the first one, and all the main products witnessed continuous growth. The second season of 2017 alone realized a net profit of 269 million RMB, an increase of 49.44% compared to the second season of 2016 (180 million RMB).

 
 

Seen from product categories, the business revenues of communication, consumer electronics, storage, industry and car electronics products all experienced growth to varying degrees. To be specific, the gross profit rates of communication, consumer electronics and storage products went through relatively significant improvement, by virtue of which the overall gross profit rate of the Company increased from 10.02% to 11.48%.


 

After entering the latter half of the year, the traditional peak season for the electronics industry, the company can be expected to witness a promising business revenue increase and enhanced earning momentum. At the same time, relying on the industry leading position of the company in the SiP field and the relatively high technical entry threshold, the company can be expected to have a high growth momentum along with the further expansion of the industrial applications of SiP. In addition, if efforts are made to realize the transition from traditional DMS to emerging D(MS)2pattern, increase Miniaturizedand Solutions, fit in with the developmental concepts of internet economy and continuously increase the additional values of overall services and products, the company will have a new profit increase point in the future.

 

 

About USI

USI is a global ODM/EMS leading company providing design, miniaturization, material sourcing, manufacturing, logistics, and after services of electronic devices/modules for brand owners. USI is a member of ASE Group and has been listed in Shanghai Stock Exchange in 2012. It has many years of experience in the electronics manufacturing services industry and leverages the industry-leading technology of ASE Group, which enables USI to offer customer diversify product in the sectors of wireless communication, computer and storage, consumer, industrial, and automotive electronics worldwide. Through the sales service network in North America, Europe, Japan, China, Taiwan, and manufacturing sites in China, Taiwan and Mexico. USI has about 15,000 people worldwide. For more information, please visit www.usish.com

 

IR Contact:

Sherry Wang

Tel:+86-137-7422-4322

Sherry_wang@usish.com


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