
Tongrentang

Tongrentang
China Beijing Tongrentang (Group) Co., Ltd. is a wholly state-owned company authorized by the municipal government to operate state-owned assets. Tongrentang was founded in 1669 and has a history of more than 300 years. Beijing Tongrentang has always adhered to the development strategy of "taking modern Chinese medicine as the core, developing life and health industries, and becoming an internationally renowned modern Chinese medicine group", taking the policy of "longer, stronger, and bigger", leading with innovation and developing enterprises with technology As its own mission, it has formed three major sectors: modern pharmaceutical industry, retail commerce and medical services, and has built an enterprise structure of six secondary groups, three hospitals and two reserve units. It currently has three listed companies. The group has more than 1,500 products including medicines, hospital preparations, health foods, foods, cosmetics, etc., 28 production bases, 83 modern production lines, a national engineering center and a postdoctoral research workstation.
Since 1997, Tongrentang has maintained sustained and healthy development, and its economic indicators have maintained double-digit growth for 15 consecutive years, doubling every five years. As of 2011, the group had a total assets of 14 billion yuan, sales revenue of 16.3 billion yuan, profit of 1.316 billion yuan, export revenue of 33.92 million US dollars, and opened 64 pharmacies and 1 overseas production and R&D base in 16 overseas countries and regions. Products Sales to more than 40 countries and regions overseas.
With the rapid development of Tongrentang, the brand maintenance and improvement, the innovation and inheritance of culture have also achieved fruitful results. "Tongrentang Traditional Chinese Medicine Culture" has been included in the first batch of national intangible cultural heritage list. Tongrentang is both an economic entity and a culture. The dual functions of carriers are becoming increasingly apparent.
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