- Business
- Zhejiang Zhenyuan Share Co., Ltd. (000705.SZ) manufactures, wholesales and distributes pharmaceuticals primarily in China with some international operations. The company offers Chinese herbal medicines, herbal medicine slices, patent medicines; pharmaceutical raw materials, chemical preparations, antibiotics, biochemical drugs, biological products, medical devices, chemical reagents and glass instruments; pharmaceutical logistics and health services; as well as medicines, pre-packaged foods and dairy products including infant formula milk powder. It operates through pharmaceutical wholesale, manufacturing, distribution and health services segments targeting hospitals, pharmacies and consumers. Founded in 1993 and headquartered in Shaoxing, Zhejiang Province, China, the company traces its heritage to Zhenyuantang established in 1752 and listed on the Shenzhen Stock Exchange in 1997 as the first company recommended by the State Administration of Traditional Chinese Medicine. Recent developments include plans announced in September 2024 to publicly list its wholly-owned subsidiary Shaoxing Zhenyuan Pharmaceuticals Co., Ltd. via equity trading to optimize asset allocation and boost profitability in pharmaceutical wholesale; termination of a planned share issuance to specific investors; a change in controlling shareholder equity structure in early 2025 with Shaoxing State-owned Capital Operation Co., Ltd. acquiring stakes in Shaoxing Zhenyuan Health Industry Group under local state-owned enterprise reform; and an agreement in February 2025 to acquire an 11.26% stake in Zhejiang Zhenyuan Pharmaceutical Chain Co., Ltd. for CNY 37 million alongside a prior 10.89% minority interest purchase in July 2024 to consolidate its retail pharmacy operations.