Universal Scientific Industrial

(2018-01-10 Shanghai) On January 9, Universal Scientific Industrial (Shanghai) Co., Ltd., (SSE: 601231), a giant electronics designer and manufacturer in the world, announced after closing its monthly operating income for December, 2017. According to the announcement, USI realized a single-month consolidated operating income for December, 2017 of RMB 3.247 billion, with a year-on-year growth rate of 36.69%. The operating income in the second half of 2017 rose month by month, and set a record high in December once again.

The Company’s consolidated operating income for the whole year of 2017 recorded RMB 29.706 billion, hitting a record high in its history of annual consolidated operating income, up 23.92% over the same period last year. For Q4, the Company’s single-quarter operating income reached RMB 9.517 billion.

In Q3 and Q4, driven by the traditional peak season of the electronics industry and increase in demand for new products, the Company's operating income continued to improve. The orders of the Company enjoyed high visibility and the capacity utilization rate maintained a relatively high level. SiP products continued to contribute revenue, which had a positive impact on the Company's profit for 2017. In addition, other products such as computers, storages and automotive electronics also performed well. According to the previous announcement, the Company had realized a net profit of RMB 862 million in the first three quarters of 2017. It could not be ruled out that the Company’s net profit hit a record high for the full year of 2017.  

In 2018, the Company will continue to strengthen input in the miniaturization of products to increase the application of SiP products while actively expanding domestic customers, which is expected to gain ground. The Company will continue to grow steadily, and with the advantages of financial structure, improve profitability to create the best return for shareholders.


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.usiglobal.com

IR Contact:
Sherry Wang
Tel：+86-137-7422-4322
Sherry_wang@usish.co