$Universal Electronics (UEIC.US)$In the past 5 years, revenu...

$Universal Electronics (UEIC.US)$In the past 5 years, revenue only increased 11% in 2019, and shrank for the remaining 4 years. Operating profit reached a high point in 2020 due to improvements in gross margin. Since then, it has declined sharply for two consecutive years, and net profit also declined at the same time, leaving only 410,000 in 2022. Currently, the price-earnings ratio is 422. Even with a 5-year average net profit of 12 million yuan, the price-earnings ratio has reached 13, and there is currently no investment value.