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United Power Technology AG United Power Technology AG records positive revenue and earnings development in 2015 - Seite 2

margin stabilized at 9.5 per cent. Conclusively, United Power achieved a
profit for the period of 7.1 million Euros (2014: 5.4 million Euros).

In 2015, the company further invested in land expansion to take advantage
of an opportunity to secure land for future Company growth. The rational
behind this investment was that with the on-going development of
urbanization in China, the area where the factory is located is developing
rapidly from an industrial zone to a residential and commercial hub. The
land is immediately next to the current factory with 80,040 square meter.
Due to lease prepayments for this land as well as the partial repayment of
a bank loan, in order to decrease the company's finance expenses, cash and
cash equivalents as at 31 December, 2015 decreased by 60.6 per cent to 19.8
million Euros (As at 31 December, 2014: 50.2 million Euros).

As a result of the profit for the period the Group's equity position
improved significantly. Thus, equity increased by 10.8 per cent to a total
of 136.8 million Euros as at 31 December 2015 (As at December 31, 2014:
123.4 million Euros). The respective equity ratio increased correspondingly
to 83.0 per cent (2014: 76.5 per cent).

"In 2015, we have successfully continued to pursue the expansion of our
business by increasing our customer base and the number of countries we
sell to. Hence, we were able to stabilize our revenue and earnings
position. At the same time, we increased our investments into research and
development by around 48 per cent compared to prior year. As a result, we
were also able to launch 13 new products", says Xu Wu, Chairman of the
Management Board.

Despite these positive signs the management expects 2016 to by and large
remain a transition period with further consolidation in the industry.
Against this background the management will try to utilize this process and
plans to play an active role in the Chinese M&A market. At the same time,
the company will continue its three-pronged strategy and significantly
increase its budgets for sales and distribution as well as research and
development. For the 2016 fiscal year United Power thus expects to increase
its revenue by a low single-digit percentage in EUR terms, while the EBIT
margin is expected to remain stable compared to the previous fiscal year.

The complete annual report 2015 of United Power Technology AG is available
under the following link: http://www.unitedpower.de.com/en/ip_node/4.

About United Power Technology Group

United Power Technology Group designs, develops, manufactures and sells