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Electronics manufacturing services (EMS) subsidiary of Taiwan's ASE Technology, assembling modules and automotive electronics.
Electronics manufacturing services (EMS) subsidiary of Taiwan's ASE Technology, assembling modules and automotive electronics.
Assembles modules and boards to customers' designs and charges for the build, so it earns the processing margin rather than design royalties, and results track how many units its customers order. It sits within the ASE Technology group, which supplies chip-packaging know-how.
In one line: A Chinese arm of ASE's EMS business (like a smaller Foxconn).
Moat: none (scale). EMS contract manufacturing scale under ASE Group, but thin margins typical of the EMS industry.
Headquarters: Shanghai, China · Founded: 2005 · Employees: 21,726
Size Universal Scientific Industrial (Shanghai) (601231.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $6.50B, the 378th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥18.24 on 6 Nov 2026.
Performance Over six months the shares fell 51.8%, against -23.2% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 3.5% over the last twelve months (peer median +22.2%); the operating margin is 3.4% (peer median 11.0%).
Valuation It trades at 19.6× forward earnings against a peer median of 20.4× (9th cheapest of 20).
Capital Return on invested capital runs 6.4 points above its cost of capital (8.7% WACC).
Next results Next results expected around 6 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥62.4B | CN¥59.2B | CN¥60.6B | CN¥60.7B | CN¥68.5B |
| Revenue growth | — | -2% | 0% | -11% | — |
| Gross profit | CN¥6.56B | CN¥5.30B | CN¥5.35B | CN¥5.49B | CN¥6.93B |
| EBITDA | n/a | CN¥3.21B | CN¥3.24B | CN¥3.40B | CN¥4.36B |
| Net income | CN¥2.13B | CN¥1.85B | CN¥1.65B | CN¥1.95B | CN¥3.06B |
| Free cash flow | -CN¥930M | CN¥1.30B | CN¥3.13B | CN¥5.41B | CN¥1.84B |
| Capital expenditure | CN¥1.42B | CN¥1.29B | CN¥1.26B | CN¥1.55B | CN¥1.67B |
| Total debt | CN¥4.66B | CN¥5.86B | CN¥7.75B | CN¥8.48B | CN¥8.69B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Universal Scientific Industrial (Shanghai) 601231.SS | $6.50B | -52% | +4% | 3% | 19.6× | n/a |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 10.5× | n/a |
| WNC 6285.TW | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% |
| Flex FLEX | $25.8B | -51% | +18% | 6% | 11.2× | 15.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601231.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.9% | -24.2% | 10th highest of 21 |
| 6-month return | -51.8% | -23.2% | 2nd lowest of 21 |
| Distance from 52-week high | -63.1% | -48.4% | 4th lowest of 21 |
| Revenue growth (TTM) | +3.5% | +22.2% | 3rd lowest of 21 |
| Operating margin | 3.4% | 11.0% | 3rd lowest of 21 |
| Forward P/E | 19.6× | 20.4× | 9th cheapest of 20 |
| ROIC minus cost of capital | +6.4 pp | +1.3 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Universal Scientific Industrial (Shanghai) 601231.SS | China | $6.50B | -52% | +4% | 3% | 19.6× | n/a | n/a |
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% | +18.8% |
| Sanmina SANM | United States | $7.22B | -46% | +59% | 5% | 10.7× | 6.8% | +3.2% |
| Guobo Electronics 688375.SS | China | $5.61B | -49% | -12% | 13% | 83.0× | 39.7% | +1.4% |
| AAC Technologies 2018.HK | Hong Kong | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% | +12.4% |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | China | $5.42B | +26% | +36% | 8% | 45.0× | 28.6% | +5.9% |
| Advanced Energy Industries AEIS | United States | $7.98B | -45% | +32% | 17% | 11.7× | 17.8% | +4.9% |
| 3Peak 688536.SS | China | $5.26B | -5% | +74% | 16% | 50.7× | 46.0% | +30.6% |
| Plexus PLXS | United States | $5.12B | -28% | +23% | 5% | 17.9× | n/a | n/a |
| Asmpt 0522.HK | Hong Kong | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% | -1.3% |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 30.8× | 20.6% | +21.0% |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 21.1× | n/a | n/a |
| Littelfuse LFUS | United States | $9.04B | -22% | +19% | 18% | 16.3× | 15.3% | +10.5% |
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 28.1× | n/a | n/a |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 24.4× | 14.5% | +14.2% |
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | n/a | n/a | n/a |
| Phison Electronics 8299.TWO | Taiwan | $10.0B | -29% | +157% | 31% | 3.7× | n/a | n/a |
| MPI 6223.TWO | Taiwan | $10.2B | -31% | +38% | 30% | 37.2× | n/a | n/a |
| Universal Display OLED | United States | $3.98B | -4% | -2% | 35% | 19.6× | 14.3% | +8.7% |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 45.3× | 42.9% | +9.8% |