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- Press Releases
- 04/17/2017
USI's net profit after tax in 2016 hit a new record high
(2017-4-17, Shanghai) USI (Shanghai A-share stock code: 601231), a giant electronics designer and manufacturer in the world, held the 2016 annual general meeting on April 17, and announced that the annual revenue reached RMB 23.984 billion. Although the revenue represented a decrease of 12.02% when compared with 2015, the annual profit amounted to RMB 1,007 million, up by 19.46% when compared with 2015, thanks to product portfolio adjustment, production capacity allocation, yield improvement, and rigorous cost management and control. The net profit after tax was RMB 806 million, up by 5.84% when compared to the same period of 2015. The company planned to declare a cash dividend of RMB 1.18 (tax included) per 10 shares.
In terms of product categories, the revenues from computer, storage and automotive electronics in 2016 increased by 3.37%, 4.61% and 7.57% respectively. The gross profit margin of the Company's main business rose from 8.45% in 2015 to 10.71%. The gross profit margin of each product category has improved. In particular, the gross profit margin of consumer electronics has increased from -1.50% to 7.83%, with a growth rate of 9.33%, driven by technology development and cost management and control.
According to Mr. CY Wei, President of USI, the Company's strategic focus is on the product range of 4C+1I (Computer, Communication, Consumer, Car, and Industry), which is in line with the development trends of the Internet and the Internet of Things economy and can generate greater added value from the whole industrial value chain. The Company is shifting from the traditional DMS model to the D(MS)2 model by adding miniaturized solutions (MSs) into its product portfolio. The Company is a leader in the industry in terms of the technological level and mass production capacity of miniaturized systems and modules, and has unquestionable strengths in obtaining new orders from both existing and potential clients. Besides, the Company will proactively invest in application-oriented solutions in the industry and thus place more focus on solutions and services.
In the meanwhile, USI has been facilitating the improvement of the intelligent manufacturing system in terms of quality, lead time, technologies and applications. As for business expansion, the Company proactively seeks potential partners to expand its business size while working hard to increase orders from existing clients to maintain reasonable profits. According to USI, while it's important to maintain the internal performance growth, it's also necessary to seek external growth opportunities to improve competitiveness in the electronics manufacturing industry.
According to the recent announcement, USI's revenue in the first quarter of 2017 reached RMB 6.47 billion, representing an increase of 31.99% when compared with the same period of 2016.
About USI (SSE: 601231)
USI is a leading global D(MS)2 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 customers diversified products 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, Mainland China, Taiwan, and manufacturing sites in Mainland China, Taiwan and Mexico. USI has about 17,000 people worldwide. For more information, please visit the website www.usiglobal.com.
IR Contact
Sherry Wang
Tel.: +86-137-7422-4322
e-mail: Sherry_wang@usish.com
