According to an internal document from Samsung, the company adjusted its organizational structure in China and its 23 branches were changed to 11 branches and 28 regions.
It is said that some of the original 23 branches were merged during the adjustments. Samsung China's Liaoning, Heilongjiang, and Jilin branches were merged as Shenyang branch; and its Shanghai and Jiangsu branches were merged as Shanghai branch. Some branches such as Sichuan maintained their former structure with the same leader. In addition, head of Shandong branch was changed to Zhou Benwu, who was transferred from Anhui branch.
Several analysts previously released their expectations that Samsung's operating profit will be KRW6 trillion, which is about USD5.14 billion, for the second quarter of 2019, representing a year-on-year decrease of 60%.
Samsung also published its own performance outlook for the second quarter of 2019, stating that due to continuous weakness of memory chip price and demand, the company's expected operating profit will be KRW6.5 trillion, which is about USD5.5 billion, slightly higher than analysts' expectations.
Samsung said that its final statistics will be released later this month.
