环旭电子:2023年年度报告(英文版)

【摘要】StockCode:601231AbbreviatedName:USIConvertibleBondCode:113045AbbreviatedName:USIConvertibleBondUniversalScientificIndust...

Stock Code: 601231                                  Abbreviated Name: USI
Convertible Bond Code:113045          Abbreviated Name: USI Convertible Bond
Universal Scientific Industrial (Shanghai) Co., Ltd.
            2023 Annual Report

Note: This Report has been prepared in both Chinese and English. Should there be any discrepancies or

misunderstandings between the two versions, the Chinese version shall prevail.


                        Important Notice

I.  The Board of Directors, the Board of Supervisors, directors, supervisors and senior
  management of the Company hereby assure that the content set out in the annual report is
  truthful, accurate and complete, and contains no misrepresentations, misleading statements or
  material omissions, and are individually and collectively responsible for the content set out
  therein.

II. All directors attended the Board of Directors meeting.

III. Deloitte Touche Tohmatsu Certified PublicAccountants LLPhas issued a standard unqualified
  audit report for the Company.

IV. Jeffrey Chen, person in charge of the Company, Tan-Yang Liu, person in charge of accounting,
  and Yuh-Huah Chern, person in charge of the accounting firm (accountant in charge) declare
  that the financial report in the annual report is truthful, accurate and complete.

V. The proposal of profit distribution for the reporting period deliberated and approved by the
  Board of Directors

Regarding its profit distribution plan for 2023, USI is going to distribute a cash dividend of RMB 2.70
(tax included) for every 10 shares on thebasis of the totalshare capitalon the recorddate for implementing
the plan after deducting the number of shares in its special buy-back securities account, without bonus
share or transfer of capital reserve into share capital, and all the remaining undistributed profits were
carried forward for distribution in the following years. In case of any change in the total share capital of
the Company and the number of shares in its buy-back securities account prior to the record date for
implementing the plan, the cash dividend per share shall remain unchanged, and the total amount of cash
dividend shall be adjusted accordingly.

The Company's Profit Distribution Plan for the 2023 was deliberated and approved at the Tenth Meeting
of the Sixth Session of the Board of Directors of the Company, and it still needs to be deliberated at the
Company's 2023 Annual General Meeting of Shareholders.

VI. Risk disclosure for forward-looking statements

√Applicable □ Not Applicable

This report involves forward-looking statements such as future plans, and does not constitute a material
commitment of the Company to investors. Investors are requested to pay attention to investment risks.
VII.Are there any funds occupied by controlling shareholder or other related parties for non-
  operational purposes?
No


VIII. Is there any external guarantee in violation of the prescribed decision-making process?

No

IX. Are more than half of the directors unable to guarantee the truthfulness, accuracy and
  completeness of the annual report disclosed by the Company?

No
X. Major risk disclosure

The major risks facing the Company are described in “Possible Risks” of “Discussion and Analysis of
Corporate Development in the Future” in this report.

XI. Others
√Applicable □ Not Applicable


                          Contents


Section I Definitions...... 5

Section II Company Profile and Key Financial Indicators...... 7

Section III Management Discussion and Analysis ...... 12

Section IV Corporate Governance...... 50

Section V Environmental and Social Responsibility...... 83

Section VI Major Events...... 93

Section VII Changes in Shares and Information of Shareholders...... 120

Section VIII Information on Preferred Shares ...... 130

Section IX Information on Bonds...... 131
Section X Financial Statements ...... 135

                  Accounting statements signed and sealed by the person in charge
                  of the Company, the person in charge of accounting and the person
                  in charge of the accounting firm

 Catalog of files for  Original audit report sealed by the accounting firm and signed and
    reference      sealed by certified public accountants

                  Original copies of all documents and announcements of the

                  Company publicly disclosed in newspapers designated by CSRC
                  during the reporting period


                        Section I Definitions

I.  Definitions

In this report, the following terms shall have the following meanings unless the context otherwise

requires:

 The Company, the Group,    Universal Scientific Industrial (Shanghai) Co., Ltd.

 USI, or the listed company

 SSE                      Shanghai Stock Exchange

 USIE                    USI Enterprise Limited, the controlling shareholder of the

                          Company, registered in Hong Kong

 Universal Scientific        Universal Scientif