The first stage: establishment and development (1998-2004)
The predecessor of Yuyue Medical is Jiangsu Yuyue Medical Equipment Co., Ltd. established in 1998. From its establishment until it became A professional manufacturer of rehabilitation care series and medical oxygen supply series medical devices, it has gradually formed a competitive advantage with research and development as its core competitiveness.
The second stage: independent research and development, brand creation (2004-2007)
Yuyue Medical takes independent innovation as its theme, increases investment in technology research and development, and strives to enhance technological independence Innovation capabilities, while establishing close industry-university-research cooperation relationships with relevant universities and research institutions. Yuyue Medical is a high-tech enterprise in Jiangsu Province, and its R&D center has been rated as the Jiangsu Province Medical Diagnostic and Nursing Equipment Engineering Technology Research Center. "Yuyue Brand Sphygmomanometer" and "Yuyue Brand Wheelchair" were respectively rated as "Chinese Famous Brand" by the State Administration of Quality Supervision, Inspection and Quarantine. They are the first company in the medical device industry to receive the "Chinese Famous Brand" and the only one in China. A medical device manufacturer with two "Chinese Famous Brands". In August 2007, the "Yuyue" trademark was rated as "China's Well-known Trademark" by the State Administration for Industry and Commerce.
Yuyue Medical’s brand building has laid a good foundation for product sales, with many products ranking first in domestic market share. The company has become an industry leader in the rehabilitation care and medical oxygen supply medical equipment segments.
The third stage: technological innovation, capital operation (2007 to present)
In April 2008, Yuyue Medical shares were issued and listed on the Shenzhen Stock Exchange (stock code: 002223) , marking a new step in the development of Yuyue Medical. With the help of capital expansion, the company increases the technological innovation of existing products and the development of new products. With the development of its business, Yuyue Medical will not only expand its scale through its own accumulation of matters, but also accelerate the pace of development through acquisitions and mergers. Yuyue Medical will take the listing as an opportunity to achieve sustained, rapid and stable development of the company and continuously enhance the company's value.
On March 3, 2014, its controlling shareholder Yuyue Technology learned that Beijing Pharmaceutical Group planned to transfer 111.5 million shares of China Resources Wantong through a public solicitation of transferees. At the same time, a subsidiary of China Resources Corporation China Resources Pharmaceutical Investment Co., Ltd. plans to transfer 100% of the equity of Shanghai Medical Equipment (Group) through a public listing on the Shanghai United Equity Exchange. Therefore, Yuyue Technology plans to transfer 111.5 million shares of China Resources Vandong (accounting for 51.51% of the total share capital of China Resources Vandong) and 100% of the equity of Shanghai Medical Equipment (Group) as the intended transferee.
If Yuyue Technology successfully acquires, it will control China Resources Wantong and Shanghai Machinery Group. Because China Resources Vandong, Shangyi Group and Yuyue Medical have certain complementarities and correlations in their businesses, according to Yuyue Technology’s notice, if it completes the aforementioned acquisition, the businesses of the three companies may be reorganized, and there may be competing businesses. Make adjustments. This also means that China Resources Corporation, the actual controller of China Resources Wantong, will strategically withdraw from the medical device business.