- Business
- HPGC Renmintongtai Pharmaceutical Corporation (600829.SS), formerly Harbin Pharmaceutical Group Sanjing Pharmaceutical Shareholding Co., Ltd., engages principally in the wholesale and retail of pharmaceutical products in China. The company offers Chinese and Western patent medicines, Chinese herbal medicines and slices, chemical preparations, antibiotics, biological products, biochemical drugs, medical devices, health products, tonic health supplements, daily necessities, and cosmetics; it also provides pharmaceutical logistics services including warehousing and distribution, hospital services encompassing medical treatment, scientific research, prevention, health care, rehabilitation, hemodialysis, and kidney disease treatment, as well as medical and commercial distribution, third-terminal sales, and operation of Chinese medicine and outpatient clinics. Founded in 1950 and headquartered at No. 418 Haiyao Road, Harbin, China, it operates nearly 400 retail stores including flagship, regional center, community, and hospital-adjacent outlets serving over 2.7 million members, alongside two major wholesale divisions with the largest provincial drug distribution network and Heilongjiang's first modern pharmaceutical logistics center spanning 150,000 square meters. As a subsidiary of Harbin Pharmaceutical Group Co., Ltd., it maintains operations through e-commerce platforms, direct store chains, online B2C, O2O, and WeChat mini-programs, targeting diverse consumers with integrated batch-retail, medicine-healthcare, and procurement-sales-warehousing-distribution synergies. In recent developments, the company reported a projected net profit reduction of 21.1 million yuan for 2024 attributable to net disposal gains, amid broader industry consolidation and regulatory pressures promoting higher market concentration in pharmaceutical retail.