China Nepstar
CNY (2009) | |
Number of employees | 14,793 (2009 Mar.) |
|---|---|
| China Nepstar Chain Drugstore Ltd. | |
|---|---|
Hanyu Pinyin | Zhōngguó Hǎi Wángxīngchén Liánsuǒ Yàodiàn Yǒuxiàngōngsī |
China Nepstar Chain Drugstore Ltd., which conducts business as China Nepstar (
As of April 2016, the company had 1,965 directly operated stores in China, one headquarters distribution center, and 15 regional distribution centers in China.[2]
It uses directly operated stores,
The company also offers products under its own brand names (private label products). It offers 1,356 private label products.
The company pioneered the concept of
History
- June 1995: Shenzhen Nepstar Medical Co. Ltd. was established
- January 1996: Joined the National Association of Chain Drug Stores (NACDS) as its first Chinese member
- June 1996: Opened the first Nepstar drugstore - Shenzhen Guiyuan Store
- December 1998: Started operations in Kunming, the first outside of Guangdong Province
- March 2002: Named one of the 'Top 100 Chinese Chain Enterprises' for the first time by the China Chain Store & Franchise Association
- June 2002: Signed Master Franchise Contract with The Medicine Shoppe International to introduce the first international pharmaceutical retailing brand into mainland China
- November 2003: Partnered with Beijing Tong Ren Tang (Group) Co. Ltd., established Beijing Tong Ren Tang Commercial Investment and Development Co. Ltd.
- September 2004: Signed direct investment agreement with Goldman Sachs
- September 2007: Number of outlets exceeded 1,700
- November 2007: Listed on the New York Stock Exchange
- January 2008: Terminated
Corporate affairs
It is headquartered in the China Nepstar Building (海王星辰大厦) in Nanshan District.[5]
Its head office was formerly on the 6th floor of Block B of the Xinnengyuan Building (simplified Chinese: 新能源大厦; traditional Chinese: 新能源大廈; pinyin: Xīnnéngyuán Dàshà) in Nanshan District.[6]
Products
China Nepstar's typical store carries approximately 1,800 to 2,350 different products. It offers a range of
Prescription Drugs
China Nepstar offers approximately 1,199 prescription drugs. The Company accepts prescriptions only from licensed health care providers and does not prescribe medications or otherwise practice medicine. Its in-store pharmacists verify the validity, accuracy and completeness of all prescription drug orders. The Company asks all prescription drug customers to provide it with information regarding drug allergies, existing medical conditions and existing medications. Its in-store pharmacists also perform a drug utilization review, in which they cross-check every prescription against the customer's submitted information for drug, disease and allergy interactions. Sales of prescription drugs accounted for 23.4% of its revenue during the year ended December 31, 2007.
Over-the-Counter
The company offers approximately 1,182
Nutritional Supplements and Herbal Products
China Nepstar offers approximately 636 nutritional supplements, including a variety of healthcare supplements, vitamin, mineral and dietary products. Sales of nutritional supplements accounted for 18.3% of its revenue in 2007. The company offers various types of drinkable herbal remedies and packages of assorted herbs for making soup, which are used by consumers as health supplements. Sales of herbal products accounted for 2.6% of its revenue in 2007.
Other Products
The company's other products include
Private Label Products
China Nepstar's private label portfolio has 1,356 products marketed under 133 private labels, covering all categories of products offered by the Company except herbal products. In 2007, private label products accounted for approximately 18.7% of its revenue. Some of its private labels include Beautiful Life, which the Company introduced in November 2005, to market nutritional supplements related to beauty care; Qianlong, which was introduced in January 2006, to market a variety of OTC drugs, including gastrointestinal and dermatology products, and Wisconsin, which was introduced in November 2006, to market 20 different types of nutritional supplements manufactured in the United States.
Stores
In 2007, China Nepstar substantially increased its market penetration in coastal cities with relatively high household disposable income, where it already had a presence.
These cities include Shenzhen (from 202 stores as of December 31, 2006 to 311 stores as of December 31, 2007), Dalian (from 127 stores to 174 stores), Guangzhou (from 123 stores to 161 stores), Hangzhou (from 102 stores to 144 stores), Ningbo (from 73 stores to 96 stores), Dongguan (from 75 stores to 94 stores), Suzhou (from 54 stores to 70 stores), Tianjin (from 23 stores to 66 stores), and Shanghai (from 46 stores to 60 stores).
China Nepstar Chain Drugstore Limited (NPD.NYSE) plans to open 1,050 new chain stores in 2008 and expects to have more than 3000 outlets with about eight million of registered customers by then, said Qian Jiannong, CEO of China Nepstar Chain Drugstore.
As the largest trans-regional chain drugstore in China, China Nepstar Chain Drugstore opened 210 new stores within the fourth quarter and its total chain store number is likely to top 2,000 by the end of this year, said Qian at the celebration meeting for its listing at New York Stock Exchange.
Listings
China Nepstar Chain Drugstore Ltd. went public on the NYSE on November 9, 2007, through an IPO of 23,718,750 American Depository Shares (including green shoe) offered at a price of US$16.20 per ADS
China Nepstar Chain Drugstore Limited has said it has no plans to get listed on China's A-share market. As the capital raised from its IPO on New York Stock Exchange (November 9, 2007) is sufficient to finance current expansion activities, there's no additional placement plan for the near future.
Agreements
China Nepstar Chain Drugstore has signed strategic cooperation agreements with 16 domestic and multinational suppliers of pharmaceutical and healthcare products for 2008.
These agreements were signed at an event to celebrate the initial public offering of the company on the New York Stock Exchange attended by representatives from more than 300 manufacturers and wholesalers on December 14, 2007.[citation needed]
The cooperation agreements were entered into with each of Tianjin Smith Kline & French Laboratories Ltd., Bayer Healthcare Company Ltd., Eli Lilly and Company, Boehringer Ingelheim Shanghai Pharmaceuticals Co. Ltd., Wyeth Pharmaceutical Company Ltd., Hunan Taier Pharmaceutical Company Limited, Taiji Group, Shandong DONG-E E-JIAO Co. Ltd., and Kunming Dihon Medical Co., Ltd., as well as seven other suppliers of pharmaceutical and healthcare products. In addition to procuring merchandise from these suppliers, the company will also partner with these suppliers to promote health education among Chinese consumers.[citation needed]
In addition, a number of prominent Chinese and multinational pharmaceutical companies, including Shandong DONG-E E-JIAO Co. Ltd., have agreed to establish exclusive manufacturing lines to manufacture certain products based on Nepstar's specifications and packaging requirements and to sell these products solely through Nepstar's network of drugstores.[citation needed]
CEO
Jiannong Qian has served as a director and chief executive officer of the Company since August 2006. He was the vice general manager of
Acquisitions
- 2008-2-28: Acquired Ningbo New Century Medical Ltd.'s 68 drugstores for US$4.1 million. [1]
- 2008-3-6: Acquired Dongguan Hui Ren Tang Pharmaceutical Co. Ltd.'s 18 drugstores for US$0.3 million.
- 2008-8-8: Acquired Qingdao Kangjie Chain Drugstore Co. Ltd.'s 42 drugstores for US$2.5 million.
See also
References
- ^ "China Nepstar Chain Drugstore Ltd". Archived from the original on 2019-03-06. Retrieved 2008-03-17.
- ^ Keck, Martin (7 April 2016). "2.8% Upside In Going-Private Transaction Of China Nepstar Chain Drugstore Not Attractive Enough". Seeking Alpha. Retrieved 27 June 2018.
- ^ "China Nepstar Chain Drugstore Terminates Voting Rights Agreement for Yunnan Subsidiary". Archived from the original on 2012-02-12. Retrieved 2019-04-23.
- ^ "?ヤ?浣". www.jzj.cn. Archived from the original on 14 June 2011. Retrieved 15 May 2022.
- ^ "联系我们". China Nepstar Building. Retrieved 2022-03-07.
联系地址:深圳市南山区中心路兰香一街2号海王星辰大厦22楼
- ^ "Contact Us Archived 2019-03-06 at the Wayback Machine." China Nepstar. Retrieved on November 19, 2012. "China Nepstar Chain Drugstore Ltd. Floor 6, Block B, Xinnengyuan Building, Nanhai Road, Nanshan District, Shenzhen, CHINA (518054)" - Map Archived 2014-12-06 at the Wayback Machine - Address in Chinese Archived 2019-06-08 at the Wayback Machine: "地址：深圳市南山区南海大道新能源大厦 B 座 6 楼 (518054)" - Chinese Map Archived 2016-08-30 at the Wayback Machine
