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ESG

2024-02-20

Qisda's First Recognition in S&P Global Sustainability Yearbook Ranked in Top 5% Enterprises

Qisda actively embodies sustainability practices and has been selected for the first time in the S&P Global Sustainability Yearbook 2024, achieving recognition among the top 5% globally. Amidst intense competition among over 62 industries and 9400 companies worldwide, only 759 enterprises made it to this year's edition, with Qisda scoring an excellent 81 points (out of 100), securing a spot in the top 5%. Qisda's Chairman, Peter Chen, stated: "Qisda adheres to the core value of sustainable business operations, rallying our partners under four major strategies to continuously advance towards the goal of earning more than half of our profits from high value-added businesses by 2027. Qisda and our partners actively undertake sustainable actions in environmental, social, and governance aspects. In 2023, we were honored with approximately 30 sustainability awards domestically and internationally, highlighting the outstanding performance in sustainability by the collaborative effort." In terms of environmental efforts, Qisda actively participates in various international sustainability organizations, practices green design to create low-carbon products, reduces energy consumption, and minimizes material usage. Compared to the base year of 2015, material and resource consumption have decreased by over 38%, average carbon reduction of products reaches 45.47%, with over NT$23 million invested in global green equipment, saving 6,445 thousand kWh of electricity. The Taiwan Factory has been certified with the Green Factory Label.  On the social front, with a focus on social care, Qisda organizes 150 events annually, involving over thirty thousand participants, demonstrating significant social influence. It fosters a diverse, equitable, inclusive working environment, winning the Asia's Best Employer Award for five consecutive years, boasting a high employee retention rate of 90.2%, 90.1% participation rate in employee stock trust, equal gender promotion rates in Taiwan, and advocating for openness and respect for diverse cultures, attracting excellent talents from around the world. Regarding governance, Qisda's governance evaluation remains in the top 6% to 20% among TWSE listed companies, consistently included in the TWSE Corporate Governance 100 Index Component Stocks for five consecutive years since 2019. It achieved the first-stage transformation goal in 2022 of "more than half of revenue from high value-added businesses," and continues to progress towards the second-stage goal of "more than half of profits from high value-added businesses by 2027." Qisda actively practices sustainable operations, setting targets for a 30% reduction in supply chain carbon emissions by 2030, 100% renewable energy use by 2040, and achieving net zero emissions by 2050. In the future, it will accelerate innovation, provide environmentally friendly products, actively collaborate with partners in the Grand Fleet and suppliers, collectively reduce carbon emissions, and strive towards the goal of "together, make the world better.”

ESG

2024.03.01

Qisda Target has been validated by the SBTi, Aiming to Keep Global Warming Below 1.5°C

Qisda announced that it has been validated by the Science Based Targets initiative (SBTi), an international authority on climate change. Using financial accounting as the organizational boundaries, the company actively proposed carbon reduction goals, aligning with the United Nations Climate Summit's Paris Agreement to limit global average temperature rise to 1.5°C. Qisda commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2021 base year. Qisda Corporation also commits to reduce absolute scope 3 GHG emissions 25% within the same timeframe. Qisda's main emissions sources in its operations come from Scope 2 purchased electricity usage, accounting for about 90% of Scope 1 and Scope 2 emissions. To achieve its carbon reduction goals, Qisda joined RE100 in December 2022 and actively promotes the establishment solar renewable energy and energy storage systems in various manufacturing sites. This involves upgrading old equipment, implementing energy-saving measures, procuring renewable energy, and reducing fossil fuel usage to initiate carbon reduction actions. Regarding Scope 3 emissions sources, which mainly include purchased goods and services, and use of sold products, Qisda has established sustainable supply chain management. It assists suppliers in conducting carbon footprint assessments, aiming to comprehensively reduce the carbon footprint of the supply chain. At the product level, Qisda is committed to implementing green design, creating low-carbon products to further reduce energy consumption and minimize material usage, thus achieving comprehensive carbon reduction goals. The SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

2024.03.01

ESG

2023.11.15

BenQ Group Receives Twelve Awards at Taiwan Corporate Sustainability Awards

BenQ Group is dedicated to sustainable development. At the 16th Taiwan Corporate Sustainability Awards (TCSA), the group received a total of 12 awards. Notably, Qisda Corporation has been honored for two consecutive years as one of the ‘Top 100 Sustainability Enterprises Awards,’ acknowledging its continuous dedication to refining its sustainable practices. This dedication extends beyond Qisda Corporation to include grand fleet members, with MetaAge receiving the ‘Sustainable Single Performance - Talent Development Leadership’ award. In terms of Corporate Sustainability Reports, both Qisda Corporation and BenQ Materials achieved the highest recognition at the ‘Platinum Level,’ showcasing fruitful outcomes. The 16th TCSA, organized by the Taiwan Institute for Sustainable Energy Foundation, hosted its award ceremony on November 15. The organizers highlighted a 24% increase in the number of participating companies this year, totaling 526. Over the years, the number of participating companies has reached 731, with their combined annual revenue accounting for 140% of Taiwan’s 2022 GDP. The market value of these participating companies represents 80% of the total market value on the Taiwan Stock Exchange. This clearly indicates that emphasizing ESG factors is not only a challenge and a driving force for businesses but also a catalyst for progress. Chairman Peter Chen of the BenQ Group expressed that the group actively engages in sustainable business operations, uniting partners from the grand fleet. In 2023, the group received multiple sustainability awards, encompassing innovative technology, corporate social responsibility, and sustainable supply chain management. This recognition attests to the outstanding performance of the grand fleet in furthering its commitment to sustainable operations. Collaborating with Grand Fleet Partners, BenQ Group Achieved Sustainability Report Awards: Double Platinum, Double Gold, Three Silver, and Two Bronze, Earning Nine Distinctions The BenQ Group, collaborating with its grand fleet members, actively fosters sustainable business practices and continual improvements. This collaboration includes Qisda Corporation, BenQ Materials, Alpha Networks, Hitron, DFI, MetaAge, and Ace Pillar. In the current year, they have earned nine prestigious awards for their bilingual sustainability reports(in Chinese and English), achieving distinctions such as ‘Double Platinum, Double Gold, Three Silver, and Two Bronze.’ The grand fleet members have experienced an improvement in their rankings compared to the previous year, showcasing a proactive response to the environmental sustainability (E), social welfare (S), and corporate governance (G) expectations and demands of investors, consumers, and other stakeholders. These achievements underscore the tangible results of the companies’ sustainable development efforts. Ranked among Top 100 Sustainable Enterprises in Taiwan, Acknowledged for Sustainable Performance Qisda Corporation and its affiliate, Alpha Networks, are committed to promoting green products to reduce environmental impact, providing employees with excellent working conditions and benefits, implementing concrete local community care initiatives, actively fulfilling the company’s commitment to giving back to society, and establishing a transparent and responsible management system. Their performance in the three dimensions of ESG has been acknowledged, earning both companies the prestigious ‘Top 100 Sustainable Enterprises in Taiwan’ award for comprehensive sustainability achievements. Qisda Corporation actively practices sustainable business operations, setting goals to reduce supply chain carbon emissions by 30% by 2030, achieve 100% use of renewable energy by 2040, and attain net-zero emissions by 2050. In the future, they will accelerate innovation to provide environmentally friendly products and collaborate closely with the grand fleet and supplier partners to collectively reduce carbon emissions. They are committed to advancing towards the goal of ‘Together, Make the World Better.’ Taiwan Corporate Sustainability Awards BenQ Group Award List: Qisda Corporation: .Top 100 Sustainable Enterprises in Taiwan .Platinum Level – Corporate Sustainability Reports  .Bronze Level – Corporate Sustainability Reports (English) BenQ Materials: .Platinum Level – Corporate Sustainability Reports  .Silver Level – Corporate Sustainability Reports (English) Alpha Networks: .Top 100 Sustainable Enterprises in Taiwan .Gold Level – Corporate Sustainability Reports Hitron Technologies: .Silver Level – Corporate Sustainability Reports DFI: .Gold Level – Corporate Sustainability Reports MetaAge: .Silver Level – Corporate Sustainability Reports .Sustainable Single Performance – Talent Development Leadership Ace Pillar .Bronze Level – Corporate Sustainability Reports

2023.11.15

ESG

2023.07.21

BenQ Group Wins “Best Companies to Work for in Asia” for Fifth Consecutive Time

The BenQ Group continues its outstanding performance, securing the prestige of the “Best Companies to Work for in Asia” award for the fifth consecutive year and receiving the prestigious Gold Award for the first time. In the anonymous employee questionnaire survey conducted by the organizers among all participating companies to highlight genuine employee feedback, the BenQ  Group received significantly higher scores in the three aspects of “Core,” “Self,” and “Group” compared to the market average. Out of 339 participating companies, it stands out, achieving an impressive five-year winning streak. Joe Huang, BenQ Group’s President, stated that from caring for employees’ physical and mental well-being to providing comprehensive talent development, the group offers a happy, equal, and supportive work environment that allows employees to fully showcase their talents and abilities. The continuous five-year achievement and the Gold Award are the results of the collective efforts of all colleagues. The BenQ Group aims to achieve the vision of a grand fleet with over half of high-value businesses profitable by 2027. They look forward to growing stronger together with their colleagues and moving toward their goals. The “Best Companies to Work for in Asia” award employs a diverse evaluation approach, with the anonymous employee survey being pivotal in highlighting genuine employee sentiments and serving as the key to winning the award. Based on this year’s questionnaire results, participating employees believe that in terms of talent development, apart from offering diverse training programs, the group’s “Grand Fleet” platform, which encompasses investments, mergers, and transformations, enables them to choose their areas of expertise, discover their strengths, find ways to improve themselves, and challenge higher goals. With more rotation opportunities, a positive feedback loop is formed. The BenQ  Group upholds a people-centric core philosophy, fostering a high-standards work environment and offering generous employee stock trust systems and other welfare programs. The group respects diverse expertise, addressing each other by name rather than job titles, to build an equal and inclusive workplace culture. Furthermore, the group values ESG (Environmental, Social, and Governance) sustainable development, recognizing that only with sustainable businesses can talent endure. This includes advocating for digital learning to break the constraints of time and space while reducing paper usage and carbon emissions. Utilization and completion rates have reached 81% and 90% respectively. The group also organizes multiple beach cleaning activities and provides paid volunteer leave, initiatives which are intended to strengthen employee awareness of environmental protection. This further cultivates sustainable DNA deeply rooted in green product design, green operations, and a green supply chain. The “Best Companies to Work for in Asia” award is a prestigious award organized by HR Asia Magazine for businesses across Asia, recognized as an authoritative award in the field of human resources management in Asia. HR Asia appoints a review committee composed of industry experts to assess participating companies from various perspectives, such as corporate investigation reports, anonymous employee surveys, or on-site visits, and other evaluation methods, to identify the integrity and authenticity of the cultural, environmental, and welfare systems presented by the participating companies. This multifaceted evaluation process aims to select outstanding corporate brands from different sectors. This year, a total of 339 companies participated, with only 12 companies receiving the highest honor, the Gold Award.

2023.07.21

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Latest News

Monthly Revenues

2024.06.05

Qisda Announces Consolidated Revenue for May

TAOYUAN, TAIWAN, June 5, 2024 – Qisda Corporation today announced consolidated revenue of NT$16.4   billion for the month of May 2024, representing YoY decrease of 4.3% and MoM increase of 2.7%. The accumulated revenue of 2024 was NT$79.3 billion, representing YoY decrease of 5.2%.

2024.06.05

News Release

2024.06.04

Focusing on Smart+ AI Now at 2024 COMPUTEX In the Inaugural Year of BenQ Group’s Combat Power Integration, Customers Are Fully Assisted in Connecting to Next-generation AI.

[Taipei, 4th of June, 2024] BenQ Group, with “Smart+ AI Now” as its primary axis, empowers respective industries through AI technology as the 2024 COMPUTEX debuts. This will expedite the integration and innovation of field application systems, thereby showcasing AI smart solutions in seven sectors: AI Smart Restaurant, Smart Enterprise, Smart Education, Smart Entertainment, Smart Transportation, Smart Manufacturing, and Smart Networking& Comms. Additionally, over 20 AI application workshops have been conducted to provide clients with comprehensive support in connecting to the next generation of AI applications.   “Computer power, algorithms, and data are the keys to the successful grounding of AI innovative applications, and there are a limited number of integrated solution providers in the market. Members of the BenQ Group have demonstrated AI combat power in seven smart fields by accumulating technological momentum in various fields. This year marks the beginning of integration, wherein we work together with clients to understand market demands and pain points in order to connect them to the next generation of AI applications,” said BenQ Group Chairman Peter Chen. The BenQ Group will showcase numerous spectacular plans at the 2024 COMPUTEX, which are as follows: AI Empowering the Catering & Retail Industries: Enhancing Business Competitiveness Partner Tech and WiXtar have launched the world only 3-in-1 AI self-ordering Kiosk and an AI-powered automated restaurant. With features such as AI Persona Marketing Recommendations, AI Multilingual Menus, and AI Voice Recognition Ordering, integrated with AI-powered food delivery services, these solutions bring AI applications to life, empowering enterprises with store automation solutions, assisting in digital transformation and overcoming the difficulties of labor shortage. MetaGuru’s “AI Smart Hotel Solution” is a comprehensive housekeeping system that is multilingual and intended for the hotel industry. It is the first of its kind to be introduced to the world. AI, big data, RPA, and other technologies can be employed to establish a complete connection between the front and backends. Operators’ green transformation is indirectly encouraged while addressing the structural shortage issue. DSIGroup’s potential customer identification system, ConPer Eagle, employs artificial intelligence (AI) to analyze customer images in real time, thereby identifying sales targets and providing sales personnel with the most effective communication strategies. This, in turn, enhances the success rates of precision marketing and cross-selling. ConPer Eagle is also appropriate for retail establishments that lack sales personnel, thereby achieving the objective of “smart guided shopping.” Realizing sustainable education through smart technology by integrating AI BenQ board and software platforms BenQ showcases an educational innovation solution with the theme “Teach Your Way.” It includes a BenQ board with AI technology and EDLA certification, and students’ learning power is enhanced by constantly innovating technology, which opens up new possibilities in the educational environment. AI facilitates the sustainable development of enterprises by guiding them through digital transformation MetaAge, the ideal partner for IT intelligentization, is dedicated to the promotion of ESG smart solutions and two-effect-in-one digital transformation. Microsoft’s Azure AI technology will be the foundation for the introduction of AI/data integrated application items at Computex in 2024. These items encompass a variety of application scenes, such as enterprises’ KMS AI platforms, AI customer service, AI meeting voice record generation, and AI virtual anchors. In order to gain insight into their demand, the Google Cloud certified Premier Partner - Epic Cloud locks onto business information. The “Bizinfo business information AI platform,” which was created using Google Cloud and AI technology, will be introduced for the first time. To develop more effective business expansion and sales strategies, one-stop core information on TWSE/TPEx listed companies will be obtained. Any enterprise-grade AI solution must be able to deliver enterprise-specific content and handle complex workflows while operating in a secure environment. D8ai’s AI in the Box™ provides a private-cloud server bundled with built-in customizable AI solutions. These solutions include large language models, a RAG chatbot, a chatbot builder, and a no-code Service Flow Platform designed for building AI agents, which are chatbots that handle enterprise workflows such as process automation, robotics, and IoT applications. Grandsys is dedicated to “creating an excellent customer experience through technology.” The “smart customer experience platform” will be demonstrated. Grandsys and Genesys communication platforms, combined with Google AI technology, will integrate telephone, website, social networking, and other communication channels to address the issue of contact channel fragmentation and inconsistent customer experiences. The “smart quality testing” is used to assess voice business quality in accordance with stringent AI management regulations, assisting enterprises in perfecting corporate governance. The “Secretary Kim” anti-fraud financial technology application-based AI due diligence survey solution, which is offered by High Performance Information, will be showcased. This solution is designed to significantly reduce the manual review time of bank clients before, during, and after they obtain a loan. This will shorten the operation period from 30 days to three days. The digital credit investigation is rigorous, which not only expedites the process but also effectively mitigates risks and costs. DATA IMAGE, a leader in outdoor display manufacturing, proudly announces the launch of its latest innovation. Utilizing Qisda group's resources, DATA IMAGE has combined outdoor displays with smart technology, featuring advanced voiceprint recognition and noise reduction technology. This system ensures exceptional sound quality even in outdoor environments. The newest iteration of DATA IMAGE's smart instrument sets a new standard in the industry. Featuring the most sophisticated safety-assisted instrument unit, it significantly enhances the capabilities and performance of these systems. DFI, which is dedicated to accelerating IT and OT integration, has collaborated with Intel to develop the “AI smart energy-saving charging pile concept machine.” With built-in large language model (LLM) and workload consolidation technology, it uses shared CPU resources to implement AI computing and distribute it across multiple operating systems in a virtual environment. Targeting devices, real-time control commands are issued to implement multiple ESG indicators while increasing energy efficiency. This will enable the realization of unmanned application requirements in smart transformation and other vertical fields.  AI is a key driver in the Industrial 4.0 Smart Transformation. ACE PILLAR, an expert in green energy and automation solution integration services, is dedicated to the automation industry. This time, it and AI Cobot collaborate to create smart production lines that combine AOI and AI, demonstrating TM AI Cobot’s defect detection application plans. This accurately detects and eliminates high-complexity workpiece defects, improves product quality and production efficiency, and overcomes the problem of solving “small quantity and high variety” issues using traditional testing methods by leveraging AI self-learning capabilities. APLEX Technology strengthens data forecast function and complex defect testing technology, improves production line intelligentization and energy consumption, and offers data-type AI and image-type AI in its SiER Series, AILS Series, and AI SaaS products. Furthermore, Aplex Technology’s products have a guided standard operating procedure (SOP) teaching function that can expedite the integration of AI forecasts and data extraction, reducing the time required for client development. PowerWalker, a German energy management company, will showcase its latest uninterrupted power systems solutions at Computex, including the VFI TAP PF1 3/3 and VFI LICR IoT. The goal is to create a design that conserves space while providing more power, increased safety, and more dependable power backup. The latter can be smartly monitored via cloud transmission, greatly assisting in AI and IoT development and benefiting both domestic and international industries. Safeguarding Cybersecurity with High-Performance Networking and AI Information Security Applications At Computex, AEWIN Technologies will showcase AI and high-performance computing (HPC) servers, two-phase immersion cooling solutions, general-purpose servers, network applications, and other products under the theme “AI-driven cybersecurity.” They offer a dependable and high-performance smart edge hardware solution for smart data security networking and artificial intelligence of things (AIoT). In particular, the next generation of two-phase immersion cooling solutions combines multiple technology patents to provide high-performance and long-term solutions for edge smart applications. Alpha Networks, a major networking company, has introduced 5G micro radio unit products in response to a drastic increase in demand for high-speed mobile connectivity. These miniature micro radio transmitters and receivers can be placed on buildings, street lights, billboards, and other urban infrastructure. Simultaneously, network control can be implemented to guarantee the stability and dependability of the internet. Industrial manufacturing, internet applications, agriculture, and smart cities are among the application sites. Hitron Technologies will showcase its self-developed cloud network operation, maintenance, and management platform, HitronCloud, which will offer comprehensive network management solutions. HitronCloud provides customers with insights into Wi-Fi and access networks, enabling telecommunications customers to make informed network maintenance and operation decisions. Incorporating technology into entertainment, work, and living creates a new chapter in immersive experiences BenQ has introduced the “smart entertainment-immersive gaming experience” to provide customers with an unparalleled level of gaming pleasure. The gaming projector creates a fantastic, immersive, big-screen gaming experience. The gaming TV offers the Game Zone game shortcut feature. With a single click, one can quickly turn on the game console (such as the PS5), switch signals, and apply scenarios. For professionals and game enthusiasts, the USB-C docking station series offers the best expansion solution serving both work and entertainment needs, fulfilling dual work and play needs. Action Star Technology has introduced the first sanitizing monitor light bar. Designed to address the hygienic challenges of collaborative workspaces, this UV-free light bar uses a patented blend of frequencies in the visible spectrum to achieve continuous sanitization that is safe for humans, animals, and materials. It can reduce allergens and odors, and is effective against viruses, molds, spores and fungi. Combined with new docking stations that facilitate quick access to power, monitors, networks and other office resources via a single-cable connection (USB-C or Thunderbolt™), hot desking and hoteling has never been more seamless or safer.

2024.06.04

Monthly Revenues

2024.05.07

Qisda Announces Financial Results for First Quarter Fiscal 2024

The gross margin reached 16%, exceeding 16% for four consecutive quarters.  Qisda (TWSE: 2352) today announces its first quarter fiscal 2024 financial results. With the high value-added business and display business remaining stable, the gross margin reached 16%, exceeding 16% for four consecutive quarters. Due to the traditional off-season and operations still in the inventory adjustment stage, profits in the first quarter were still at a low level, with earnings per share (EPS) being NTD 0.13. Qisda will hold an investor conference on 8th May to explain the results of the first quarter and the outlook. In the first quarter, Qisda's consolidated revenue reached NTD 46.9 billion, representing YoY decrease of 7%. The gross profit was NTD 7.511 billion with a YoY decrease of 6%, and the gross margin reached 16%, exceeding 16% for four consecutive quarters. The operating income was NTD 0.927 billion with a YoY decrease of 31%. The net income attributable to Qisda was NTD 0.257 billion with a YoY decrease of 21%, and earnings per share (EPS) of NTD 0.13.

2024.05.07

Monthly Revenues

2024.05.06

Qisda Announces Consolidated Revenue for April

TAOYUAN, TAIWAN, May 6, 2024 – Qisda Corporation today announced consolidated revenue of NT$16 billion for the month of April 2024, representing MoM decrease of 4% and YoY decrease of 0.3%. The accumulated revenue of 2024 was NT$62.9 billion, representing YoY decrease of 5.4%.

2024.05.06

ESG

2024.05.02

Qisda received the title of "Asia's Best Company" from FinanceAsia

Qisda (TWSE: 2352) announced today that it has been honored as “Asia's Best Company” by the internationally renowned financial media FinanceAsia, including the Bronze Award for Best Technology Company in Asia and the Silver Award for Best Investor Relations in Taiwan. In this prestigious Asia investor poll, which has been conducted for 24 years and has represented significant representativeness, Qisda has received high recognition. Since 2001, FinanceAsia has been the host of the annual ”Asia's Best Companies” poll, where institutional investors and financial analysts were invited to nominate iconic enterprises from an investor's perspective in various markets and industries across Asia. The award considers overall performance, corporate governance, management teams, investor relations, and corporate social responsibilities. Gold, silver, and bronze medals are awarded exclusively to the top three in each category, representing the most positive influential companies for every industry in Asia. This year, Qisda was recognized with two prestigious awards by FinanceAsia. In the technology sector, Qisda won the Bronze Award for Asia's Best Technology Company. Additionally, in the category of Best Investor Relations, Qisda has been awarded the Silver Award for Taiwan's Best Investor Relations, demonstrating its dominating position and its influence in both categories. Since the inception of its value transformation plan in 2014, Qisda has successfully achieved its target of generating half of the revenue from high value-added businesses by 2022. It now aims to surpass the milestone of having more than half of its profits derived from high value-added business by 2027. Pursued its four winning strategies, “optimizing existing business, expanding medical business, accelerating smart business solution business, and investing in networking and communication business”, Qisda has aggressively invested and merged to form the strategic alliances of the Grand Fleet, showing an outstanding performance in the technology industry. It was also the technology company with the deepest and broadest presence in the transformation of the medical sector. Furthermore, BenQ Medical Center, a subsidiary of Qisda, has submitted its listing application to the Main Board of The Stock Exchange of Hong Kong Limited. Qisda is also dedicated to sustainability. Through transparent communication and integrity governance, it has been selected for the first time in the S&P Global Sustainability Yearbook 2024, and achieved recognition among the top 5% globally. Qisda has consistently ranked within the top 6% to 20% in the governance evaluation among all TWSE-listed companies and has been listed as a component stock in the Corporate Governance 100 Index for five consecutive years since 2019.   Asia's Best Companies Poll 2024 Winners List (excerpt): BEST TECHNOLOGY COMPANY (Asia) • Gold - Taiwan Semiconductor Manufacturing Co., Ltd • Silver - Alibaba Group Holdings Ltd • Silver - Huawei Technologies Co., Ltd  • Bronze - Qisda Corporation BEST INVESTOR RELATIONS (Taiwan) • Gold - Taiwan Semiconductor Manufacturing Co., Ltd  • Silver - Qisda Corporation  • Bronze - Accton Technology Corporation  • Bronze - Chunghwa Telecom Company, Ltd   Read more:  Asia's Best Companies Poll 2024: Industry Winners Read more at: https://www.financeasia.com/article/asias-best-companies-poll-2024-industry-winners/495391 Asia's Best Companies Poll 2024: Market Winners https://www.financeasia.com/article/asias-best-companies-poll-2024-market-winners/495390

2024.05.02

News Release

2024.04.15

BenQ Medical Center Submits Application for Hong Kong Listing, Financial Stability and Growth

Qisda (TWSE: 2352) announced that, BenQ Medical Center (BenQ BM Holding Cayman Corp., referred to as "BBHC"), a subsidiary of Qisda, has submitted listing application documents to the Main Board of The Stock Exchange of Hong Kong Limited.  BenQ Medical Center currently owns two private for-profit general hospitals, namely Nanjing BenQ Medical Center, and Suzhou BenQ Medical Center, both of which are recognized as training bases. According to Frost & Sullivan, as measured by revenue generated from healthcare services in 2022, BBHC is the largest private for-profit general hospital group in the East China region, with its revenue exceeding the second and third largest groups combined. By the same measure, it is also the fifth largest private for-profit general hospital group nationwide. Furthermore, as measured by average revenue per registered bed in 2022, it ranks the first among all private for-profit general hospital groups in mainland China, according to the same source. Nanjing BenQ Medical Center East China's Largest, Financially Stable Growth BenQ Medical Center is dedicated to providing patients with world-class and high-standard healthcare services. Leveraging the influence and presence of its controlling shareholder, Qisda, in the information and communication technology (ICT) industry, BBHC has established industry-leading operational capabilities, granular management system, and innovative smart hospital operation models. This has enabled it to gain unique competitive advantages distinguishing it from other general hospitals. During the past three years, even amidst the impact of the COVID-19 pandemic, BBHC experienced steady growth in its business and financial performance, as evidenced by the rapid increases in its number of patient visits. In 2023, BBHC recorded over two million outpatient visits and performed over 20,000 inpatient surgeries. BenQ Medical Center's revenue increased by 5.1% from RMB2,223.6 million in 2021 to RMB2,336.4 million in 2022, and further by 15.0% to RMB2,687.6 million in 2023. The net profit increased by 29.7% from RMB69.1 million in 2021 to RMB89.6 million in 2022, and further by 87.0% to RMB167.5 million in 2023. Due to its operational capabilities and granular management system to effectively control costs and improve operational efficiency, the gross profit margin increased from 15.3% in 2021 to 16.4% in 2022, and further to 18.9% in 2023. The net profit margin increased from 3.1% in 2021 to 3.8% in 2022 and further to 6.2% in 2023. Suzhou BenQ Medical Center Standing Firm in China, Striving to Lead in Asia Driven by economic growth, favorable policies and expanding yet diversifying public demands for healthcare services in recent years, private hospitals in the PRC have outpaced public hospitals in growth. According to Frost & Sullivan, the market size of private hospitals in the PRC (as measured by revenue) is estimated to increase from 2017 to 2022 by a compound annual growth rate (CAGR) of 13.7%, far exceeding the 7.8% CAGR of public hospitals during the same period. Furthermore, it is predicted that the market size of private hospitals will reach RMB1,094.3 billion in 2026, representing a CAGR of 15.9% from 2022 to 2026. Building on its leading position in the national private for-profit general hospital group, BBHC is committed to expanding its existing scale and becoming a leading private hospital group in Asia. The company plans to "strengthen its advantage of comprehensive healthcare services plus medical specialties", "expand its existing hospital service capabilities", "establish regional medical alliances to cover patients' full treatment cycle needs", "expand its healthcare service platform through acquisitions", and "enhance smart healthcare", thereby continuing to strengthen BBHC's position as a pioneer and leader. To learn more about BenQ Medical Center's listing application proof:  Chinese version:https://www1.hkexnews.hk/app/sehk/2024/106348/documents/sehk24040302215_c.pdf  English version: https://www1.hkexnews.hk/app/sehk/2024/106348/documents/sehk24040302216.pdf

2024.04.15