Rebirth of Northland Technology

In the autumn of 1992, another industry in Ice City broke out without warning.

Tourism!

All foreign-related hotels in Bingcheng are full, and many foreigners have to live in guest houses with poor conditions at this time.

Gongda guest houses, in these guest houses, the conditions are still good, and it is hard to find one.

One reason for the fullness of these hotels is from peers in the industry, and the other is from display manufacturers and notebook manufacturers.

The success stories of companies such as Yueya and Kerui seem to be easy.

The profit generated on a panel, the story of Kerui's Erdao dealers, earning more than full color, is also known by many manufacturers.They do it, why can't we do it?

As a result, large and small display manufacturers have rushed over.

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With the lifting of the embargo, "Full Color Technology" has been able to produce complete LCD panels, which gives Full Color more room for bargaining.

The negotiated price of Full Color to several partners is quite low.However, the fair prices of these panels in the market are quite high.

As market prices became clearer, Bai Xuecheng and others, after taking the lead, certainly refused to continue supplying at low prices as agreed.Therefore, various methods were adopted to delay the supply to partners.

For example, the second line is expected to be mass-produced by the end of the year. Isn't it a few months before the end of the year?

In addition, I said that the output of 4,000 pieces of good, my double-class output, let it go.

These released production capacity are the targets that display manufacturers are staring at.

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"Full Color Technology" conference room.

The meeting room was full of people, but this meeting was very different from the past.

Cheng Yongxing, Zhang Yan, and "Photoelectric Equipment" did not participate.

Before the spin-off of Optoelectronics, in addition to a large number of assets, it also contained a large number of loans.The most difficult part of this separation is this part.

"Photoelectric Research" only retained a directly affiliated equipment company, and certainly would not bear this part of the debt.Not only that, "Full Color Technology" will also need to bear the responsibility for blood transfusion for "Photoelectric Equipment" in the future.

"Huge Hi-Tech" is about to face cruel market competition and transformation. It has to go lightly, and it is not suitable for carrying too much debt.The debt is left to "Full Color Technology"

The shares of Quancai Technology were re-divided and were divided into 550 million shares.If calculated from the perspective of total assets, the value per share is very high, not to mention the future development prospects.But at present, the prospects have not been proven, and loans have indeed been seen.Insolvency is the best comment for the company.

If it were not for the lack of interconnection between the major banks and the lack of communication between them, these people would suspect that the Optoelectronics Group was trying to escape debts.

These shares, of which 50 million shares, are held by "Photoelectric Research", which can be regarded as a minority shareholder.

The remaining 500 million shares were distributed in equal proportions in accordance with the shareholding ratio of the original "Photoelectric Research" shareholders.For example, the University of Technology now holds 150 million shares of Quancai Technology.

The three production lines in the hands of "Full Color Technology" all have foreign investment components, but these foreign capitals only appeared as project financial investors and did not participate in this share split operation.

This spin-off is not just a simple change of shareholders.In a sense, full color is independent from today.

The management of companies such as Bai Xuecheng needs to be directly responsible to shareholders.

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The focus of the meeting is still two main topics, one is the yield rate and the other is the production capacity.

As time goes by, there is not much you can do in terms of yield.Many problems were finally confirmed to be due to the equipment itself, and it can only be so. This phenomenon is especially obvious on the first line.

Correspondingly, the potential of Line 2 is greater.

How to provide production capacity under limited conditions to meet the overwhelming demand is today's theme.

Due to the latecomer advantage, Line 2 has a considerable improvement over Line 1, both in terms of its highest production capacity and theoretical yield.This line 2 can theoretically produce 5,000 tablets per month in a single shift.

But now there is a problem, that is, all the skilled workers are struggling on Line 1, while the newer and better Line 2 is operated by a group of recruits and cannot give play to its technical advantages.

After a heated discussion, it was decided to tilt the human resources to the 2nd line.Hand over line 2 to skilled workers and run at full capacity, while line 1 is handed over to newcomers to toss slowly.

Line 2 not only has to be fully loaded, but also has to run double shifts.

Due to the limited number of people, the second shift can't run at full load, and it's good to run half load.

In this case, Line 2 is equivalent to one and a half shifts.After running this way, monthly finished products can reach more than 6,000 pieces.

Line 1 was reduced to a training line, allowing recruits to run half shifts there.It can also produce 1,500 finished products in one month.

This combination can make the best use of equipment capacity and manpower advantages.Together, the two lines can reach nearly 8,000 finished products per month.

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The next topic is mainly outsourced materials and parts.

With the passage of time, slowly, some domestically produced alternative materials also have practical value.Since China has just gone through a round of sanctions, everyone is very sensitive on this issue.

Domestic materials, even if the quality is slightly poor and the price is slightly higher, the company will still give domestic materials some opportunities.

But not everything is satisfied.

With the mass production of large screens, the demand for chips and core circuit boards has also increased.

Each LCD requires a central circuit board.This kind of circuit board is much more difficult than the LED era because of the more pins of the central chip (in the LED era, it is mainly a module-level circuit board). There is a problem with the output of the Beauty Corps.

Speaking of outsourced factories, the deputy director Li, who is in charge of purchasing, complained, how can the core circuit boards for this display screen be outsourced?

If the outsourcing target were not for the affiliated enterprises of the University of Technology, everyone would have doubts about the transfer of benefits.

The people who were also sent by the National University of Industry and Technology had no choice but to send people to connect with the other party to supervise delivery and quality supervision.

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After talking about work issues, there is another topic that everyone cares about, and that is stocks.

In order to facilitate the financing of Quancai and to solve the problem of employee stock ownership, Cheng Yongxing decided to transfer part of his own stock to the internal staff of Optoelectronics and the school's faculty at a low price.

This decision was warmly welcomed by the Optoelectronics management, but this information has not been followed.

"Technology University Laser" has successfully landed in A shares, and many teachers in the school have made a small fortune, which also makes everyone full of expectations for internal shares.

At the meeting, everyone had a heated discussion on the stock issue, but it was of no use.

No one has a say in how much shares are released, how much stock price discounts are, and what distribution principles are.

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Manager Bai returned to his office after the meeting.

Bai Xuecheng is satisfied or dissatisfied with the current situation of the full-color LCD company.

Satisfaction means that the full color LCD company is a development platform with great development potential and is technologically unique in the world.

Step by step, step by step, the product is an absolute seller's market.Similar to the situation faced by LED companies last year, the truck that bought the goods was blocked at the gate of the factory.

Dissatisfaction refers to the company's governance!

"Full Color Technology", even the entire Optoelectronics Group, can't talk about management.Cheng Yongxing manages the company using the method of “doing nothing”.He only cares about technology and information security, and all others will spend money to solve problems.

This is childish in Bai Xuecheng's eyes.

An enterprise needs to have its own culture, goals for struggle, and management characteristics. These do not exist under Cheng Yongxing's rule.

Freed from the constraints of "Photoelectric Research", he was ready to make some changes after he was in power.

After the company's spin-off, Bai Xuecheng gained full control in less than a week.New company management rules and methods have been continuously communicated.Gradually, the LCD company was engraved with the brand of Bai's.