Universal Scientific Industrial

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  •  09/04/2020

USI Receives the Third Consecutive ‘A-Level’ Rating for Information Disclosure from Shanghai Stock Exchange

(2020-9-4 Shanghai) In August 21, 2020, Shanghai Stock Exchange (SSE) announced the evaluation results of the information disclosure of listed companies from 2019 to 2020 on its official website. According to the results, USI was rated 'A-level' in the work of information disclosure from 2019 to 2020, maintaining the A-level rating over the past three years. It was about 1,500 companies in the shortlist which were listed before December 31, 2019 this year. 

According to Shanghai Securities News, 152 out of the 1,500 companies have been rated as A-level for three consecutive years and USI is one of them. This evaluation focused on the companies' information disclosure performance instead of their development quality, operating performance or investment value. Nevertheless, the company with better rating for information disclosure has more reliable business management. Seen from the SSE Index, among the constituents of the SSE 50 Index, A-level companies account for 89.8%; similarly, 67.04% of constituent stocks of the SSE 180 Index are A-level companies. In terms of main business operations, companies which were rated as A-level this year achieved a year-on-year increase of 8.8% in net profit after deduction of non-recurring gains and losses in 2019.
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