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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Universal Scientific Industrial (Shanghai)
Universal Scientific Industrial (Shanghai) (601231) investor relations material
Universal Scientific Industrial (Shanghai) Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 revenue was RMB 19.54bn, up 18.97% YoY; attributable net income reached RMB 714.6m, up 14.30% YoY.
9M revenue was RMB 46.88bn, up 7.42%; attributable net income was RMB 1.537bn, up 21.65%.
Financial highlights
Q3 adjusted for non-recurring items, attributable net income was RMB 662.7m, up 19.94% YoY; 9M adjusted net income was RMB 1.452bn, up 28.38%.
9M operating profit was RMB 1.740bn, compared with RMB 1.466bn in the prior-year period; total profit was RMB 1.736bn.
9M net income was RMB 1.535bn; basic and diluted EPS were both RMB 0.65, versus RMB 0.58 and RMB 0.57, respectively, in 9M 2025.
Outlook and guidance
Q4 revenue target: 15%–20% YoY growth, supported by higher key-material prices passed through and increased shipments in some businesses.
Q4 operating margin expected to decline ~1.8 percentage points YoY, reflecting last year's land-disposal gain comparison and a higher materials cost share.
Targets depend on stable international trade conditions, healthy EMS industry conditions, market development and order execution; actual results remain uncertain.
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Latest events from Universal Scientific Industrial (Shanghai)
- Net profit dropped 15.16% on flat revenue; automotive and cloud segments outperformed.601231
H2 2024 - Net profit rose 28.85% year-over-year to RMB 822 million on stable revenue and strong cloud growth.601231Q2 2026
- Net profit surged 24.57% year-over-year despite a 2.19% revenue drop in Q1 2026.601231Q1 2026
- Net profit grew 12.16% to RMB 1.85 billion despite a 2.46% revenue decline, with stable margins.601231Q4 2025
- Q3 2025 net profit surged 22% year-over-year despite a slight revenue dip; outlook stable.601231Q3 2025
- Net profit fell 18.66% year-over-year on stable revenue and higher expenses.601231Q2 2025
- Revenue up 2.65% year-over-year, but net profit down 18.03% amid rising costs and margin pressure.601231Q3 2024
- Revenue and net profit grew modestly, but operating cash flow fell 60% year-over-year.601231Q2 2024
- Q1 2025 delivered slight profit growth, but Q2 is forecasted to face revenue and margin declines.601231Q1 2025
Next Universal Scientific Industrial (Shanghai) earnings date
Q4 20262 Apr, 2027
Universal Scientific Industrial (Shanghai)
Next Universal Scientific Industrial (Shanghai) earnings date
Q4 20262 Apr, 2027
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