On March 1, the global industrial Internet of Things manufacturer Advantech held a corporate briefing. Advantech 2022’s market value was nearly 9 billion US dollars, and its revenue exceeded 2.3 billion US dollars, hitting a record high. The conference also officially announced that Advantech will launch the third globalization transformation, with Sector Driven as the core spirit, planning five pioneer Sectors and six regional markets, gathering strength and making comprehensive efforts to move towards the next stage of growth, with a view to building a century-old foundation.

Meet the energy and unlock the transformation industry opportunity

Q1 revenue is expected to continue to grow from the previous quarter

Chen Qingxi, general manager and chief financial officer MVME141 of Advantech, said that looking forward to the first half of 2023, the economy is slowing down and the uncertainty of the regional market is still there, but the global energy transition and net zero policy is a trend. Advantech is in key application areas such as factory automation, renewable energy infrastructure, EV battery and charging pile equipment, and smart medical treatment. Has gathered product research and development energy and local technical team to meet new opportunities in the industry, and continue to deepen and create partnership cooperation in the development of AIOT Internet of Things industry. It is estimated that the revenue performance in the first quarter of 2023 will maintain the level of US$550~570MN, and the overall operation is still showing stable growth.

In addition, in order to meet the needs of local business growth and future layout, the MVME141 company has decided to develop a new headquarters campus in phases in the second quarter of 2023 in Tustin, California. The first phase is planned to build a six-story office building and a factory building with a total area of about 5,200 pyeong, and is expected to move into the second half of 2025. The park will fully demonstrate Advantech’s brand image, Internet of Things technology and vision for North American development, and the main visual design of the park will also be consistent with the headquarters iot co-creation park.

Initiating the third wave of globalization transformation

MVME141

Sector Driven to the next stage of growth

MVME141 CAI Shuyan, general manager of the Industrial Internet of Things Business Group, said that two key transformations in Advantech’s history have been extremely successful, propels the company to international status and steadily expands in a matrix organization. Today announced the launch of the third global transformation, with Sector Driven as the core spirit, planning five pioneer Sectors – Embedded designin, Ind. System, Ind. Automation, intelligent medical, digital marketing e-commerce platform. And six regional markets – North America, China, Europe, emerging markets, Japan, South Korea, focus on resources.

Zhang Jiahao, general manager of the embedded Internet of Things platform business group, also pointed out that the gap analysis is the cornerstone of the success of the reform, and Advantech has taken stock of the operating pain points in the past few months, improved the symptoms, and fully demonstrated the determination of reform. We look forward to optimizing resource allocation and talent strategy through the Sector Drive organizational structure, focusing on cross-domain marketing mechanism, regional MVME141 development and talent empowerment, targeting emerging industry opportunities, in order to get close to the market and achieve customer success.

Professional manager system + internal and external achievements

Build a long-lasting foundation

Chairman Liu Kezhen said that the establishment of the company has entered the 40th anniversary, the revenue scale exceeded 2.3 billion US dollars, the market value of nearly 9 billion US dollars, the company adheres to the spirit of sustainable management, toward the century-long green enterprise efforts. In response to the next stage of operation expansion, the internal management succession plan will be officially launched, with the “professional manager system” as the keynote, and the growth thinking of “internal and external importance” will be implemented.

In addition to accelerating the development of the enterprise system, the external MVME141 opportunity is aimed at three aspects of talent, opportunity and cooperative synergy, through the design of long-term performance and incentive mechanism, to promote the investment of external talents to undertake the long-term development and construction of the company, actively layout the opportunities of emerging industries, mergers and acquisitions and external cooperation more compatible and open, maximize the synergy. It is expected that both internal and external efforts will create a sustainable and positive business cycle to meet the next stage of growth.