Operating Income of USI in November Hit a Record High
2017/12/08

(2017-12-08 Shanghai) On December 7, Universal Scientific Industrial Co., Ltd.,(SSE:601231), a giant electronics designer and manufacturer in the world, announced after closing that its single-month consolidated operating incomefor November, 2017 reached a record high of RMB 3193 million, up 23.89% when compared with the same period of last year and up 3.8% when compared with October, 2017. The Company’s consolidated operating incomefor the period from January to November, 2017 added up to RMB 26.459 billion, representing an increase of 22.52% over the same period last year.

 


According to the first three quarterly reports, the Company’s operating incomefor the first three quarters amounted toRMB20.189billion. The net profit attributable to shareholders of the listed company was RMB862 million, representing an increase of 62.26% over thesame period last year,andexceeding theannual net profit of RMB806 millionin 2016. The Company's gross profit margin from main businesswas 11.15%, and its net profit margin reached 4.27%.

 


The Company’s product structure and profit structure adjustments have taken initial effects. The Company’s profitability improved significantly over the same period last year, and its gross profit increased. In the second half of this year, driven by the peak season of the industry and new product launches by clients, the Company’s profit also increased substantially over the same period last year. Its profitability throughout the year was good.

 


The Companycontinues to maintain its industrial leadership in SiP technology. In recent years, it has achieved remarkable results by dedication to the field. New product launches in the third quarter, improvement of the capacity utilization rate of the Company’s SiP products, and product shipping and capacity release are set to generate a positive effect on the annual revenue and profits of the Company.


 

 

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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