Joint venture

Shanghai Hutchison Pharmaceutical Co., Ltd. was established in August 2001. It is jointly invested by Hutchison Whampoa (China) Co., Ltd. and Shanghai Medicinal Materials Co., Ltd. *** The first traditional Chinese medicine joint venture in Shanghai was established with a total investment of RMB 220 million. The original Shanghai Traditional Chinese Medicine No. 1 Factory and the registered trademark "Shangyao" were transferred to the joint venture.

Shanghai Medicinal Materials Co., Ltd. is a wholly-owned subsidiary of Shanghai Pharmaceutical Group Co., Ltd., established in 1955. So far, it has developed into a large-scale traditional Chinese medicine enterprise integrating scientific research, production and trade, with annual sales exceeding 3 billion yuan.

Shanghai No. 1 Traditional Chinese Medicine Pharmaceutical Factory was founded in 1958. It was formed by the merger of four century-old pharmacies in Shanghai: Lei Yunshang, Hu Qingyu, Tong Hanchun, and Cai Tongde. It is a company with fine traditions, rich experience, comprehensive dosage forms, and technology. A leading traditional Chinese medicine company.

Hutchison Whampoa Group is a multinational conglomerate owned by Mr. Li Ka-shing of Hong Kong. It is one of the world's top 500 companies and operates a number of businesses including medicine and health care in 42 countries around the world. One of the major investors in mainland China. Hutchison Whampoa is committed to the globalization of traditional Chinese medicine. Since 2000, it has established a number of pharmaceutical and health care businesses in China and Europe, including Shanghai Hutchison Whampoa Pharmaceuticals.

Shanghai Hutchison Pharmaceuticals relies on Hutchison Whampoa's strong financial and management strength to carry forward and expand its traditional advantages. It has developed into 12 major categories of dosage forms such as pills, tablets, and injections, and the "Shanghai" brand is registered It is a well-known traditional Chinese medicine manufacturer with 70 varieties of trademarks and Shexiang Baoxin Pills, Danning Tablets, Shengmai Injection, etc., and continues to work hard to promote the modernization of traditional Chinese medicine.