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Making good use of investment and mergers and acquisitions to add wings to the enterprise, the joint team brought Qisda back to life This is a surprising case of a business that almost came back from the dead. In 2005, Qisda failed to acquire the Siemens mobile communication department, and lost more than NT$30 billion that year. Afterwards, it was forced to sell many reinvested businesses and assets, and substantially reduced its capital. It was almost sentenced to "death penalty". Few people believe that it has a chance to turn salted fish over. But a few years later, Qisda actually "resurrected". How did this company with limited pockets and just getting out of its operating slump spend its limited resources precisely where it needed to be, and how it spread out in just seven years? How about attracting about 70 business partners to join the alliance? BenQ Mitutoyo Experience Contributes to Combined Fleet Forming a joint team is a key new model for Qisda to turn around. And the source of this model, Chen Qihong pointed out, is from BenQ Mitutoyo. Chen Qihong, who took over from the general manager of BenQ as the general manager of Qisda in 2014, because of his participation in the successful experience of BenQ Mitutoyo, he found that the past model of doing everything in the electronics industry is not suitable for every industry. Instead, it is helpful to find resources from outside. Opportunity to grow yourself quickly. Because the group was in urgent need of transformation at that time, and the follow-up benefits of BenQ Mitutoyo exceeded expectations, he had a blueprint for the development of the "United Fleet". BenQ Sanfeng was Qisda’s reinvestment project in April 2010, but before that, because BenQ had already invested in Nanjing BenQ Hospital and Suzhou BenQ Hospital, there was a need to integrate upstream and downstream resources. BenQ Sanfeng (formerly known as Sanfeng Medical Equipment), which focuses on operating room solutions, started the transformation task under the leadership of Chen Qihong. In the first year, its performance grew by 30%. The medical business group of hemodialysis, medical beauty products and medical services has become a classic successful example of Taiwan's electronics industry crossing into the medical industry. "Taiwanese technology manufacturers are very accustomed to developing technology and making products first, and finally looking for the market. But the value chain of each industry is different. For example, for the medical industry, it is more important to complete product certification first, obtain channels and customer groups," Chen Qihong said in depth. After getting involved in the operation of the medical industry, it was found that its average gross profit rate reached 31.5%, much higher than that of the general technology industry. However, although Taiwan’s medical industry has a high gross profit, its scale is obviously insufficient. The average annual revenue of each of the top 1,000 companies is only NT$100 million, compared with NT$50 billion and NT$100 billion in mainland China, and hundreds of billions of dollars for major European and American manufacturers. Compared with the size of Yuan, it is really insignificant. Chen Qihong saw the crisis of Taiwan's industry from the medical industry, and deeply felt that it is no longer possible to fight small things. Enterprises must join hands to play the World Cup. He hopes that through Qisda's group resources and strategic investment, he will join hands with listed companies and invisible champions to create a world Taiwan's cross-industry combined fleet. Chen Qihong focuses on six smart fields, including smart medical care, smart manufacturing, smart campus, smart retail, smart hotel, and smart enterprise, hoping to create a solution that combines software and hardware with artificial intelligence Internet of Things (hereinafter referred to as AIoT). This kind of solution is very suitable for large companies, because customers will worry that small companies will not be able to continue to operate, and even lead to application solutions that cannot be upgraded and become orphans. Therefore, Qisda will cooperate with other units after taking over the needs. An example is the smart medical solution that a large hospital cooperates with.
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