A treasure of southern medicine that lasts forever
It originated in 1650. It is a magnificent flower in the land of Hunan, quietly blooming in China's extensive and profound medical culture. Over the past three hundred years, it has experienced changes in dynasties and turbulence of the times. Today, after the Revolution of 1911, the Wenxi Fire, public-private partnerships, and the spring breeze of reform, it is no longer the small medicine shop, but has become as famous as Beijing Tongrentang. A treasure of southern medicine, its brand value ranks among the top five in the national traditional Chinese medicine industry.
Today, standing on Pozi Street, you can imagine that there were many shops here and it was a bustling scene. However, many drug stores have gone from prosperity to decline and have been submerged in the torrent of history. Only it, after three hundred years of adhering to integrity and benevolence, has finally achieved the reputation of being a "Chinese time-honored brand" that has been handed down from generation to generation.
Jiuzhitang's products not only bring trustworthy quality and indescribable affinity to the Chinese people, but are also exported to many overseas countries. Its foreign trade has expanded from Hong Kong, Macao and Japan to South Korea, Southeast Asia, Europe and the United States. Jiuzhitang's products are not only good medicine for the world, but also a cultural carrier. Jiuzhitang people are not only merchants, but also cultural envoys.
The corporate philosophy of "Jiuzhou has the same benefits, Chi orchids share the same fragrance" is simple but full of emotions. It is deeply embedded in Jiuzhitang's brand culture. Along with the "three hundred years of commitment", it brings the world's hope for a better future. of infinite longing.
"Medicine practitioners should give their best, and doctors should ask their conscience." This ancestral saying has been passed down for more than 300 years, inspiring generations of Jiuzhi people to put quality first and benevolence first. Ben, with the business purpose of "nine points of love, one point of profit", provides the best products and services to consumers.
"Chinese time-honored brands" condense precious intangible cultural heritage, and "Chinese well-known trademarks" inject new development momentum. This is the spiritual wealth of Jiuzhi people for more than 300 years, the source of motivation to look forward to the future, and the lofty ideal of moving forward courageously because of mission and responsibility.
Time tempered and brought vitality to life
In 1650 AD, an old man named Lao Cheng came to the ancient city of Changsha and opened an unnamed small pharmacy on Pozi Street. This was Lao Jiuzhitang. predecessor. Lao Cheng's son, Lao Ji, named the drugstore "Lao Jiuzhitang" after his father's "Picture of Tianxiang Bookstore" (in which double osmanthus is planted, and cinnamon grows Jiuzhi).
In 1918 AD, the business of the drug store encountered a bottleneck, and the tribe elected Monk Lao Kun as the manager. He advanced 300 yuan in cash from his own pocket, enriched the working capital, and worked hard to reorganize the store's operations, bringing the drug store back to life and creating a renaissance situation.
In 1930 AD, the drug store’s annual turnover reached 180,000 silver dollars. On the eve of the Anti-Japanese War, Lao Jiuzhitang's accumulated funds reached 400,000 silver dollars (including real estate).
In November 1938, a fire broke out in Changsha's "Wenxi". The store was burned down and more than half of the capital was lost.
In 1944 AD, the Japanese army invaded Changsha, and the drug store moved to Lantian Town (now Lianyuan County) for small-scale operations. It was not until the victory of the Anti-Japanese War that it returned to Changsha and resumed business.
In 1953 AD, the spring breeze of national liberation brought recovery and revitalization to Lao Jiuzhitang, and the private "Xinzhong Pharmaceutical Factory" was established.
In 1956 AD, the public-private partnership was dominated by Lao Jiuzhitang Pharmacy, which merged several pharmacies to establish the "Jiuzhitang Processing Factory" and designed and launched the "Zhi" brand trademark. Since then, Laojiuzhitang Pharmacy has bid farewell to its long turbulent history and entered a new era.
In 1959 AD, it was renamed "Jiuzhitang Pharmaceutical Factory".
In 1967 AD, the name was changed to "Changsha Traditional Chinese Medicine Factory".
In 1971 AD, it was renamed "Changsha No. 1 Chinese Medicine Factory".
In 1978 AD, the name was changed to "Changsha No. 1 Traditional Chinese Medicine Factory".
In June 1992, a press conference was held at the Great Hall of the People in Beijing to restore the name of the "Changsha Jiuzhitang Pharmaceutical Factory".
In June 1993, "Jiuzhitang Pharmacy" opened in Longzhong, Huangxing Road, Changsha City.
In June 1994, it was restructured into Changsha Jiuzhitang Pharmaceutical Group Co., Ltd., realizing the transition from a factory system to a company system.
In 1995 AD, it merged with the state-owned medium-sized commercial enterprise Changsha Medicinal Materials Company, effectively achieving the goal of integrating industry and commerce and complementing each other's advantages.
In August 1996, in order to speed up the establishment of a modern enterprise system and actively implement the group's development strategy, Changsha Jiuzhitang (Group) Co., Ltd. was formally established through a strong alliance with Changsha Shenjian Pharmaceutical Factory.
In May 1999, the group company, SDIC Pharmaceutical Investment Co., Ltd. (now changed to SDIC Venture Capital Co., Ltd.), Hainan Xiangyuan Economic and Trade Company (now changed to Hainan Xiangyuan Industry and Trade Co., Ltd.), Hunan Provincial Pharmaceutical Company, Hunan Changsha Friendship (Group) Co., Ltd. (now changed to Hunan Friendship Apollo Co., Ltd.) and other five sponsors established Hunan Jiuzhitang Co., Ltd. by sponsorship.
In June 2000, Hunan Jiuzhitang Co., Ltd. publicly issued 40 million A shares to the public and was listed on the Shenzhen Stock Exchange in the same month, raising 360 million yuan.
In July 2003, Hunan Jiuzhitang Co., Ltd. successfully issued 51 million new shares and raised 500 million yuan.
In 2004, Jiuzhitang ranked second in the pharmaceutical industry of listed companies in China in Shenzhen and Shanghai, and ranked first in Shenzhen. Its overall strength ranked first in the pharmaceutical industry in Hunan Province. In June, Hunan Jiuzhitang Co., Ltd. changed its name to "Jiuzhitang Co., Ltd."
In 2005, the strategic integration of Jiuzhitang’s industry and commerce was completed.
In May 2006, Jiuzhitang Co., Ltd. passed the share-trading reform with a high vote, promoting the sustainable, healthy and stable development of Jiuzhitang.
In June 2008, Jiuzhitang Chinese medicine culture was included in the second batch of intangible cultural heritage project protection catalogs in China, marking that Jiuzhitang is represented by "medicine practitioners should do their best, and doctors should ask their conscience" The culture has been deeply rooted in the hearts of the people and will receive support and protection from the government.
Tongzhou ***Ji looks forward to the future
Today's Jiuzhitang, with Changsha as its headquarters, has established a number of subsidiaries in Liuyang, Chengdu, and Hainan, and has developed into a company with total assets 1.55 billion yuan and net assets of 1.23 billion yuan. It has 7 direct holding subsidiaries and 3 indirect holding subsidiaries. It is a modern large-scale pharmaceutical enterprise integrating industry and commerce with annual sales of over 1.2 billion yuan and profits and taxes of over 300 million yuan.
In the future, Jiuzhitang will continue to focus on Chinese patent medicines, strive to expand into biopharmaceuticals and other fields, carry forward more than 300 years of fine pharmaceutical tradition, and actively adopt modern high and new technologies, striving to become one of the top 10 pharmaceutical companies in China. Qianghe, one of the top 500 Chinese enterprises, has integrated a brand-new Jiuzhitang into the hearts of the public.
Having the spirit of Jiuzhou in mind, looking forward to the beauty of Zhilan, keeping pace with the development of the country, and being consistent with the trend of the times, this is the highest realm pursued by Jiuzhitang, and it is also the commitment that Jiuzhitang has continued for three hundred years. Today, history has brought Jiuzhitang into a new era, bringing both opportunities and challenges. Jiuzhi people, who have experienced wind and rain, have the heroic spirit of "wanting to compete with God", the confidence of "no matter the wind or rain, it is better than strolling in the garden", and the pioneering attitude of "fearless and courageous" , seize opportunities externally, promote reforms internally, and continue on the path of extension.