USI Q1 Net Profit Reaches 417 Million Yuan, Up 24.57% Year-over-Year

USI Posts Strong Q1 Earnings: Profits Surge Despite Revenue Dip

According to 36Kr, leading electronic manufacturing services company Universal Scientific Industrial (USI) recently released its first quarter 2026 earnings report. The report shows that despite slight revenue pressure, the company achieved substantial net profit growth, demonstrating strong earnings resilience.

Key Financial Figures

During the reporting period, USI recorded revenue of 13.349 billion yuan, a year-over-year decline of 2.19%. Net profit attributable to listed company shareholders reached 417 million yuan, a year-over-year increase of 24.57%. Basic earnings per share stood at 0.18 yuan. While revenue experienced a minor pullback, the significant jump in net profit reflects the company's substantive progress in cost control and product mix optimization.

A Rare 'Reverse' Breakthrough: Lower Revenue, Higher Profits

Notably, USI delivered a pattern of "slightly lower revenue paired with sharply higher profits." This phenomenon is uncommon in the electronic manufacturing industry and typically signals progress across several dimensions:

• Product mix upgrades: A higher share of high-value-added products driving overall gross margin improvement
• Operational efficiency gains: Reducing production costs through lean management and smart manufacturing
• Customer portfolio optimization: Shifting toward higher-margin business segments

As a global leader in System-in-Package (SiP) and Electronic Manufacturing Services (EMS), USI has deep exposure across consumer electronics, communications, automotive electronics, and AI servers. In recent years, as demand for AI computing power has continued to surge, AI server and related module businesses have become important growth engines for the company.

Industry Context and Market Outlook

The global electronic manufacturing industry is currently undergoing a period of structural adjustment. On one hand, slowing growth in the traditional consumer electronics market is putting revenue pressure on supply chain companies. On the other hand, the accelerating buildout of AI infrastructure is creating new growth opportunities for companies with advanced manufacturing capabilities.

Leveraging its technical expertise in SiP miniaturized modules and its global manufacturing footprint, USI is actively positioning itself within AI-related supply chains. The company's expansion into high-performance computing modules and AI edge computing devices is expected to provide stronger earnings support in subsequent quarters.

Based on its Q1 performance, USI has taken initial steps in transitioning from a "scale-driven" to an "efficiency-driven" growth model. As the global AI industry wave continues to build momentum, whether the company can sustain its profit growth trajectory and further strengthen its strategic position in the AI hardware supply chain will be a key focus for the market.