Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, July 3, according to the Taiwan media "Industrial and Commercial Times," Hong Jinyang, chairman of Groupon, sent an internal letter to all employees on the morning of the 3rd, announcing that the company would carry out organizational transformation and reorganize its organization into "display domain group" and "non-display domain group."

Among them, the "display domain group" gathers the two major display business groups BGs, which will focus on the deep cultivation of the main panel industry, while the "non-display domain group" includes three non-display business centers, BUs, which will expand the markets in medical, automotive, semiconductor industries and other fields.

According to the financial results previously announced by QC, QC's consolidated revenue in the first quarter of 2023 was NT $45.6 billion (CTOnews.com Note: currently about NT $10.625 billion), net operating loss was NT $8.6 billion, net after-tax loss was NT $7.8 billion, basic loss per share was NT $0.82, depreciation and amortization was NT $7.7 billion, and capital expenditure was NT $5.7 billion.

The total shipping area of QC in the first quarter of 2023 was 6.14 million square meters, a decrease of 4.2 per cent compared with the previous quarter. Revenue from small and medium-sized sizes was 8.2 billion yuan, down 8.9% from the previous quarter, while the combined shipping area of small and medium-sized sizes was 712000 square meters, an increase of 5.7% over the previous quarter.

The full text of the internal letter attached to CTOnews.com is as follows:

This year is the 20th anniversary of the founding of Group Entrepreneurship. Since its establishment, I would like to thank all my colleagues (Pi á n) for their hard work and laying a good foundation, so that the scale of mass entrepreneurship can no longer be compared with that of today. With the development of consumer electronics industry becoming more and more mature, the panel industry is also facing a turning point in product application. Qunchuang adheres to the core concept of "beyond panel" (More than Panel) and should strive for transformation and upgrading in order to reach the peak again. Therefore, recently, the company has launched an organizational restructuring plan to adjust the organization into two major directions: "display domain group" and "non-display domain group". Based on the advantages of the existing panel industry, the company has created opportunities for cross-industry development. It is expected that through the adjustment of the organization, Stay Calm Fly High will continue to advance rapidly in a sound foundation.

The future organization will be launched in the two dimensions of "deep ploughing in the industry and cross-industry transformation". First of all, the "display domain group" gathers two major display business groups, BGs, which will focus on the deep ploughing of the panel industry, vertically integrate various new technologies, and continue to improve in yield, efficiency and production capacity.

The "non-display domain group" includes three non-display business centers, BUs, which will expand the markets in medical, automotive and semiconductor industries, make horizontal integration of hardware in the technical side, expand and integrate the functions of display multiple cross-domain applications in the product side, and provide customized service solutions in all fields and open up new business opportunities from the terminal demand combined with multiple applications of display panels.

This organizational restructuring plan will be completed sequentially and steadily by using the "CALM steps". We have clearly defined the division of labor, forged operational consensus and worked together. After focusing on the common goal, we have optimized the division of labor and efficiency, started the engine to speed up, shared resources through the new organization, gave full play to complementary advantages, expanded innovation and development, gave full play to the competitiveness of joint teams, and then deepened the cooperative relationship with customers and supply chain. Provide a comprehensive range of products and services to expand the overall operational efficiency.

It is not easy to change, but it is not easy not to change the future. It is believed that this change is not small. After setting the business plan, the new complete division of labor will be announced to colleagues as soon as possible. We also believe that the changed situation will give rise to new sparks, which will lead to innovation, cooperation and new opportunities for transformation. The company is committed to ensuring the right of colleagues to grow together with the company. In this transformation, the company will expand its investment in new ventures and invite colleagues to have the flexibility and courage to challenge cross-border development. only in this way can the transformation and growth of the company be realized.

The new organization will come into effect on September 1st. Looking to the future, let us soar with two wings, including display field 2BGs, non-display domain group 3BUs, to work together, stimulate creativity, work together into the growth momentum of group innovation, create a bright new situation, and share the results!

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