Universal Scientific Industrial

(2017-4-28, Shanghai) Universal Scientific Industrial (Shanghai) Co., Ltd., (SSE 601231), a leading global company in electronic design and manufacturing, released its report for the first quarter of 2017, including retroactive adjustment based on merge of Universal Scientific Industrial Co., Ltd., on the evening of April 28. The Company's reported revenue for the first quarter was RMB 6.47 billion, representing an increase of 32% from RMB 4.902 billion for the same period last year. Its single-quarter net profits attributable to equity holders of the parent company was RMB 286 million, representing a dramatic rise of 240% from RMB 84 million for the same period last year. Therefore, in terms of its revenue and net profits, its performance was quite remarkable. With the Company’s single-quarter profitability more than that of the same period of the previous year, its net profit margin for the first quarter increased from 1.72% last year to 4.43%, representing a massive hike up from that of the traditionally busy fourth quarter of 2016 and a record high of a single quarter since its listing.

Such revenue growth is mainly attributable to communications products, consumer electronics, storage, and industry. In addition to its outstanding performance in the revenue, its gross profit margin has also significantly improved. The gross profit margin for the first quarter of 2016 was 8.75% after retroactive adjustment, while that for the first quarter of 2017 was 11.44%, up by 2.69% and higher than the gross profit margin (10.78%) for the full year of 2016. Such gross profit margin increase is mainly because of the optimization of the product mix. Besides, its subsidiary Universal Global Technology (Shanghai) Co., Ltd. turned around, which has a positive impact on the Company’s profitability.

In 2017, the Company will continue to increase its revenue through diversified and balanced product strategies, expand miniaturization products, vertically and systematically integrate the product market. Besides, it hopes to maintain certain momentum for revenue growth through denotative expansion. In addition to the maintenance of revenue growth, the Company will increase production efficiency and strengthen cost control to ensure good profitability for the full year of 2017.


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.com