Founded in 1997, it is a listed company and a large domestic pharmaceutical company that produces natural vitamin E. It mainly focuses on vitamin E/carotene/canthacetin/vancomycin hydrochloride and teicolanin products.

Zhejiang Pharmaceutical Co., Ltd. is a large joint-stock comprehensive pharmaceutical enterprise established in May 1997. In August 1999, with the approval of the China Securities Regulatory Commission, the company issued 58 million RMB A shares to the public. In October of the same year, the company's shares were listed on the Shanghai Stock Exchange. As of the end of 2016, the registered capital was 930 million yuan and the total assets were 8.8 billion yuan.

Zhejiang Pharmaceutical now has nine major branches (subsidiaries) including Xinchang Pharmaceutical Factory, Vitamin Factory, Changhai Biologics Branch, Zhejiang Laiyi Biotechnology Co., Ltd., Zhejiang Laiyi Pharmaceutical Co., Ltd., Zhejiang Innovation Biologics Co., Ltd., Zhejiang Changhai Pharmaceutical Co., Ltd., Shanghai Viaile Health Management Co., Ltd., Zhejiang Xinma Biologics Co., Ltd., and two R&D units, including the Pharmaceutical Industry Research Institute and Shanghai Laiyi Biologics Research and Development Center. It currently has more than 6,000 employees, including more than 2,000 professional and technical personnel of various types, accounting for more than 40% of the total number of employees.

By conscientiously implementing the development strategy of "innovation and entrepreneurship, competitive development, science and technology development, and talent-strengthening enterprises", Zhejiang Pharmaceutical has firmly grasped the main line of product development, highlighted structural adjustment, integrated various resources, strengthened original technological innovation and technological innovation of advantageous products, done a good job in DMF document registration and FDA certification of advantageous varieties, vigorously promoted clean production and circular economy, took globalization as the foothold, built a complete market network, established a good brand image, and created a corporate culture, and vigorously enhanced the core competitiveness of the enterprise. At present, Zhejiang Pharmaceutical has developed into a pharmaceutical enterprise with professional technology, large scale, strong strength, and influence on the global market.