Net Profit of USI in the First Three Quarters Increased by 62.26% Exceeding the Full-year Level of 2016
2017/10/27

(Shanghai, October 27, 2017) On October 27, Universal Scientific Industrial (Shanghai)Co., Ltd. (USI), a global leadingelectronics designer and manufacturer (SSE: 601231) released the report of its first three quarters of 2017 after closing. According to the report, in the first three quarters, the Company realized an operating income of RMB 20.189 billion, a net profit attributable to shareholders of the listed company of RMB 862 million, a gross profit rate of main business of 11.15%, and a net profit rate of 4.27%.

 

 

Its operating income saw a year-on-year growth of 22.48% over the same period last year; its profit increased by RMB 331 million over the same period last year, with a year-on-year growth rate of 62.26%; the net profit of the Company in the first three quarters of 2017 (RMB 862 million) exceeded the full-year net profit of 2016 (RMB 806 million).

 

 

The Company entered into the peak season of the industry in the third quarter, and, with the successive launching of customers’ new products, the delivery of new products has continuously increased the Company’s operating income; seen from product categories, the categories witnessing operating income increases included communication, consumer electronics, industrial products and carelectronics products, among which consumer electronics saw the highest year-on-year growth and comparative growth on moving base. Continuously focusing on improving product structure and profit structure, the Company increased its gross profit rate in the first three quarters of this year by 0.9% over the same period last year, and its profitability was also substantially improved on the basis of 2016.

 

 

 

Regarding to the SiP enjoys a broad application prospect, and has a relatively high entry barrier. In recent years, USIhas invested heavily in the SiP field, and maintained a leading position in the industry; with the release of new products, the SiP products of the Company began to see an increase in trading volume in the third quarter. With the scope of miniature applications becoming wider and wider, including smartphones, wearing devices, laptops and other electronics, as well as the Internet of Things, AR and many other scenarios, the Company will be benefitedmore from the increasingvalues of the SiP industry, and enjoy more opportunities of further improving its profitability 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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