Universal Scientific Industrial

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  •  04/16/2021

USI holds FY2020 Investor Conference & Roadshow

(2021-04-16 Shanghai) On the afternoon of April 16, USI held the FY2020 Investor Conference & Roadshow at SSE Roadshow Center. Mr. Jeffrey Chen, chairman of the Board of Directors, Mr. JP Shi, SVP and Secretary of the Board of Directors, and Mr. Dennis Liu, VP and CFO, attended the event where they introduced USI's performance in 2020, corporate strategy and answered the questions from investors.

In 2020, facing the pandemic and the complexities in the industry, USI rose up to the challenges and captured the opportunities for growth. The company gained more market share for modular products and achieved good financial results.

Under the leadership of the Board of Directors, the management team and all employees collaborated on the same goal. USI’s revenue increased quarter by quarter and hit a record high. The company achieved global consolidated revenue of RMB 47.7 billion, up 28% year-on-year (YoY), net profit of RMB 1.73 billion, up 38% YoY, net profit of RMB 1.62 billion after deducting non-recurring profits, up 55% YoY, and return on equity(ROE) of 15.88%, up 2.95 pct.

According to Jeffrey Chen, chairman of the Board of Directors, with electronic products being” lighter, thinner, shorter and smaller”, USI has developed one of its core technologies, i.e. the system-in-package (SiP) manufacturing process to achieve modularization and miniaturization of electronic products. Currently, USI has a leading market player. In the future, the company will continue the strategy of modularization and miniaturization, and proactively explore the potential demands in other electronic product fields. To this end, USI has set up a Miniaturization Competence Center (MCC) to seek customer demand for miniaturized modules, and explore new opportunities arising from the era of 5G and Internet of Things (IoT), such as autonomous driving, industrial intelligence, smart city, and health care.
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