- CEO
- Jun Yang
- Full Time Employees
- 16,753
- Sector
- Healthcare
- Industry
- Drug Manufacturers - Specialty & Generic
- Address
- Emperor Group Centre Wan Chai Hong Kong
- IPO Date
- Nov 1, 2021
- Business
- China Traditional Chinese Medicine Holdings Co. Limited, a subsidiary of China National Pharmaceutical Group Co. Ltd., operates as an investment holding company engaged in the research, development, production, and sale of traditional Chinese medicine (TCM) and pharmaceutical products primarily in the People's Republic of China, Hong Kong, and internationally. The company manufactures and sells concentrated TCM granules, TCM decoction pieces, TCM healthcare products, and TCM finished drugs under brands including Yi Fang, Tian Jiang, Tong Ji Tang, Medi-World, De Zhong, and Feng Liao Xing; it also produces and operates Chinese medicinal herbs, TCM great health products, and TCM clinics, while providing Chinese medical consultation, diagnosis, TCM physiotherapy, prescription services with concentrated TCM granules, medical herbs trading, pharmaceutical product trading, TCM marketing, advertising, consulting, and property leasing. It serves hospitals, retail pharmacies, and offline medical institutions through four main segments: Yi Fang, Tian Jiang, Tong Ji Tang, and Medi-World.
Founded in 1955 with roots tracing to historic brands like Tongjitang established in 1573, the company maintains its headquarters and management center in Foshan, Guangdong province, and was formerly known as China Traditional Chinese Medicine Co. Limited before changing its name in 2016.
In recent developments, China Traditional Chinese Medicine Holdings renews key continuing connected transactions with Sinopharm Group, including the Financial Services Agreement, Master Purchase Agreement, and Master Supply Agreement effective through 2028 to support financial services, material procurement, and product sales; it also faces a privatization proposal from a Sinopharm-led consortium offering HKD 4.6 per share for the remaining stake, following an unsuccessful 2021 attempt.