Quanchuang Optoelectronics and AUO Optoelectronics synthesized Taiwan's panel industry "double tigers". The panel-making one opened a drugstore, which makes people feel incredible. Are drugstores so profitable?
, which actively deploys smart retail, recently created the first AI drug store in Taiwan's largest Japanese chain drug cosmetics store, which attracted great attention from the industry.
3Taiwan's first AI drugstore opened. Qunchuang Dyeing refers to the drug cosmetics industry
Taiwan General Manager Yang Zhuxiang (right) and the chairman of Japanese Pharmaceuticals Store Chen Ruifeng (left)
TIE Innovation Technology Expo was held in Taipei. Qunchuang AI drugstore was selected as the highlight achievement of the "Industrial Bureau" in 2022, which attracted the attention of the industry.
According to reports, the first AI drugstore in Taiwan is the Nanjing West Road main store of Japan Pharmaceutical Manuscript, the largest Japanese chain drugstore in Taiwan on Nanjing West Road, Datong District, Taipei City. It is a 5G and AIoT drugstore technology store jointly created by Qunchuang and Japan Pharmaceutical Manuscript.
Walk into the store and you can see hundreds of display screens covering it at a glance. Through AI image recognition, voice control and touch feedback, customers are guided to choose suitable health care drugs. Using artificial intelligence to create physical and virtual mall shopping guides to upgrade the consumer experience is rare on Taiwan. Chen Ruifeng, the chairman of the 3rd Pharmaceutical Store, revealed that the first AI drugstore not only reduced labor costs, but also increased the performance of a single store by 15 to 20%. It is planned to expand new bases in the first quarter of next year. Yang Zhuxiang, general manager of Qunchuang, said that drugstores and convenience stores are both smart retail application areas they are optimistic about. With the unblocking of the island's epidemic border, we will strive to export related applications overseas.
Niyaomoto Shop store
Niyaomoto Shop is the only pharmaceutical and cosmetic chain on the island of Taiwan that specializes in the operation of Japanese medicines and health products. The main operating company is Niyaomoto Shop Co., Ltd., and its founder is Xie Dezhang.
It is understood that when pharmacies sell medicines and health products in pharmacies in the past, it took at least 10 minutes for the pharmacist to interact with customers. In addition, if there is a promotional shelf product transposition or out of stock, it will take half a day to replenish or adjust the ledger label. More importantly, the Japanese pharmaceutical cosmetic import strategy brand contributed the main profits of Japanese pharmaceutical shop. How to integrate OMO online and offline and "lead the way" to transfer low-gross profit to high-gross profit products, Xie Dezhang, chairman of Japanese pharmaceutical cosmetics Co., Ltd., is also eager to find a way to solve the pain points of such chain pharmaceutical cosmetics.
So, he decided to work with the island panel industry giant - Qunchuang, which intends to deploy smart retail. In response to several pain points of Japanese medicine shop operating a pharmaceutical cosmetics chain, Pan Taiji, general manager of Qunchuang Products Business Group, proposed four major solutions, such as removing paper product labels, 3D modeling of tens of thousands of medicines, health products and thousands of beauty products in the field, setting up the 60-cm and 90-cm touch screens produced by Qunchuang, and automatically changing the shelf labels.
For example, the store manager can promptly understand the placement of the product, combine it with the settlement POS machine to understand the inventory situation, and notify the stocking. For example, integrate hundreds of thousands of instructional drug use databases and use the function of "AI pharmacist" to guide the purchase of drugs. For example, combining 5G and Beacon positioning technology to create a drugstore "360-degree shopping guide" and so on.
For the panel and photoelectric giant Qunchuang Optoelectronics, it naturally plays its strengths in producing color electronic displays. Its first entered the smart pharmaceutical retail chain is also one of the paths for the company to innovate and transform and upgrade.
日本語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語語Xie Dezhang is the second graduate of the pharmacy of Jianan Pharmaceutical. After graduation, he went to the Japanese company Yamanonai Pharmaceutical Co., Ltd., and started as the grassroots business representative and was later promoted to business manager.
Xie Dezhang's wife was his classmate in Jianan Pharmaceutical College. After Xie Dezhang opened the pharmacy independently, he received strong support from his insiders. Later, Xie Dezhang founded Deyou Pharmaceuticals, mainly acting as a proxy for Japanese drugs. He has been operating popular OTC drugs in Japan for more than 30 years.
"There is no path, there will be no market." In November 2011, Xie Dezhang opened the first "Japanese medicine shop" and laid out a chain operation. So far, more than 18 direct-operated stores have been laid out on the island. Compared with other chain drug stores, the biggest differentiation niche in addition to specializing in Japanese products is that the proportion of drugs exceeds 30%, beauty accounts for 30%, and the rest are daily necessities. Such a combination of products satisfies consumers' desire to "buy at one time".
Before, Taiwanese people liked to go to Hokkaido to buy horse oil, and regarded this natural and moisturizing product as a must-buy when going to Japan. Xie Dezhang caters to market demand and set up a counter in the Japanese medicine store.
Xie Dezhang admires a sentence from the Greek ship king Onassis : " If you want to succeed, you must master the waves and not follow the waves. " In his opinion, mastering the opportunity is the golden rule for personal work, and opportunities are reserved for those who are willing to learn and have the ability to solve problems. This time, the team working with Taiwan’s “Tiger of the Panel Industry” group creation is the best display of his belief in “ pattern determines the ending, and attitude determines the height of ”.
"foreign trade golden boy" Hong Jinyang
3Guo Taiming , Zeng Xinying family and music producer Chen Zihong (1st right)
Qunchuang Optoelectronics was founded on January 14, 2003 and was listed on Taiwan Stock Exchange in 2006. For many years, market investors like to call Qunchuang and AUO "panel double tigers".
's main products are various TFT-LCD (thin film transistor liquid crystal display), liquid crystal panel modules and touch modules. The company has approximately 48,000 employees worldwide. At present, in addition to Zhunan and Tainan on the island of Taiwan, Qunchuang production base has invested and established factories in Shanghai, Ningbo , Nanjing and Foshan in the mainland.
Many people know that " Foxconn " by Taiming Gou, founder of Hon Hai Group , is the founder of Apple , but many people don't know that Terry Gou also makes panels, and Qunchuang Optoelectronics was founded by Foxconn Technology Group .
Speaking of Terry Gou, it is related to the merger case with Qimei Electronics and Tongbao Optoelectronics in March 2010. This is also the largest merger case in history in the panel industry. Xu Wenlong 's Qimei Electronics was founded in August 1998 and Tongbao Optoelectronics was founded in December 1999. Qunchuang Optoelectronics, invested by Foxconn Technology Group, was established in January 2003.
In October 2009, Qunchuang acquired Tongbao Optoelectronics through share exchange. In November of the same year, it merged with Qimei Electronics, and Qunchuang Optoelectronics was a surviving company. What many people would not expect is that Terry Gou and his former "old rival" Xu Wenlong would "become one". In 2012, it was officially renamed Qunchuang Optoelectronics Co., Ltd., and former CEO Duan Xingjian became Qunchuang's first chairman. In 2016, Wang Zhichao established the second chairman of Qunchuang. Since 2018, Qunchuang has been Hong Jinyang. Next, let’s share the legendary story of Hong Jinyang, the "foreign trade golden boy" who helped Qunchuang get rid of the quagmire of losses.
Quanchuang Chairman Hong Jinyang
In October 2022, Qunchuang and AUO, known as the "Twin Tigers of Panels", handled cash capital reduction. New stocks were listed on October 11. On the day of listing, under the bad situation of the Taiwan Stock Market, the stock prices both rose against the trend, of which Qunchuang rose by 9.05%.
drugstores are easy to make money, and Qunchuang has participated. In fact, Qunchuang has also been involved in many new fields in recent years, such as smart cars, 5G smart cities, etc., and this is all because of the four years since Qunchuang Chairman Hong Jinyang took office, and after turning losses into profits, he has made a series of new aggressive moves.
In the industry, Hong Jinyang is known as the "foreign trade golden boy". On June 24 this year, the board of directors decided to pass the decision to continue as chairman of Qunchuang and the previous pharmaceutical company. It is rumored that the contract he signed was still three years.
Hong Jinyang, who was born in foreign trade, is very skilled in traditional industries and has been the title of "Foreign Trade Golden Boy" and "Cement Little Prince". He has served as the general manager of under the Gu Zhenfu family for many years. In 2018, he left Tai Ni and devoted himself to the Hon Hai Group founded by Terry Gou. He had no experience in the panel industry and served as the special assistant to the chairman of Wang Zhichao, the chairman of Qunchuang. After many years of experience, Wang Zhichao resigned as chairman. Hong Jinyang became the chairman and CEO of Qunchuang in June 2018.
Quanchuang Chairman Hong Jinyang (right) and AUO Chairman Peng Shuanglang (left)
Hong Jinyang was born in 1972 and has two sons. He graduated from the Department of Business Management of ZTE University and later obtained a master's degree in Business Management of Columbia University in the United States.
Hong Jinyang has a rich experience in work. He worked at Li Changrong Chemical. He studied finance. Before becoming the chairman of Qunchuang, he had more than 20 years of complete practical experience in financial operations of foreign legal persons, traditional industrial operation management, overseas and all-round cross-fields. In addition to serving as the general manager of Taiwan Ci, he also served as managing director of Paris Securities, as well as the executive director of Goldman Sachs Securities, and as the executive director of Credit Suisse First Boston (CSFB).
has served as general manager of Qunchuang for several years, he has cut Qunchuang's new technology and applications into subsidiaries, including Ruisheng Optoelectronics, which has X-ray sensors, and pushed it to Xinggu. He also split Qunfengjun, which has car display systems and MiniLED displays into subsidiary Fanglai Electronics.
Hong Jinyang became the chairman of Qunchuang in 2018. The biggest challenge is how to get rid of the quagmire of losses. In June 2019, Qunchuang re-elected the board of directors. When he was elected as chairman, Hong Jinyang said: "Save your own stock price and reappear the light of Taiwan within three years."
panel industry is an industry with heavy assets and expenditures, and it is also an industry with high depreciation. At that time, Taiwan was facing the industry reshuffle that was the most inspiring competition. Hong Jinyang, who made Qunchuang Optoelectronics bigger, more stable and reappeared the light of Taiwan within three years, was facing extremely difficult dilemmas.
Genchuang General Manager Yang Zhuxiang (right)
4 years ago, Terry Gou's Hon Hai Group's panel business map expanded. At that time, Wang Zhichao, chairman of the Hon Hai Group, was the head of Hon Hai K Group, leading the construction of factories in Guangzhou and the United States. In April 2018, it was rumored that Wang Zhichao would retire and planned to be promoted to chairman.
Hong Jinyang had previously been in the foreign trade and foreign financial circles for more than 10 years and joined the Taiwan Ni International Company. At that time, the chairman of the Taiwan Ni was the son of the late Gu Zhenfu Gu Chengyun . Later, he "skipped job" from Taiwan Ni to a group creation under Guo Taiming. When he was appointed chairman of Qunchuang, the company's stock price was facing a battle to defend the face-to-face; according to Hong Jinyang's later disclosure, he had a lot of talks with Hon Hai Group founder Terry Gou and Chief Financial Officer Huang Qiulian, and finally decided to take over the heavy responsibility of the chairman.
"" entered this school with loyalty and sincere heart. " Hong Jinyang became the head of Qunchuang. Although he was full of heroism, the prosperity of the panel industry began to fade in the fourth quarter of 2018, and Qunchuang was in a low tide of losses for seven consecutive quarters. But in the third quarter of 2020, the group score turned losses into profits, and last year it paid a report card of NT$457.5 billion after tax net profit, setting a record high.
In addition to going deep into the front line, Hong Jinyang took the lead in reducing his salary in 2019, often having lunch with the grassroots front line, and taking the path of flat two-way communication. He likes outdoor sports. In order to help the people below establish a spirit of change, he once found a supervisor at the level of assistant level and above to climb Hehuan Mountain . At that time, due to insufficient funds, they stayed in a school in Renai Township, Nantou, and hand-made a student bamboo chair gift. After
, Hong Jinyang led everyone to swim through Sun Moon Lake , and he and everyone were chopped into bamboo rafts with him. At that time, Hong Jinyang induced his subordinates: "I hope everyone will break the rut of the past and look at the problem from a different perspective."
Copyright Statement: The copyright of the articles and pictures published in "Yibo Saying" belongs to the author himself and/or the relevant rights holder. No website or print media may reprint it without the separate authorization of the author and/or the relevant rights holder.
