Yangtze River Pharmaceutical Group
| Company type | Private ownership |
|---|---|
| Industry | Xu Jingren , Founder/President
Xu Haoyu, Chairman/Interim CEO |
| Products | billion(2014)[1] |
Number of employees | 13,000 (2016) [2] |
| Website | yangzijiang |
Yangtze River Pharmaceutical Group (
People's Republic of China, and with its research headquarters in Shanghai.[3] It is one of the Asia's largest pharmaceutical companies by revenues, and was listed in 2014 as being China's second largest pharmaceutical manufacturer, and leading company for technological and entrepreneurial innovation.[4]
History
Founded in 1971, the Yangtze River Pharmaceutical Group started as a local firm providing drugstores and hospitals with
pain medication.[5] In a prime location between the major cities of Shanghai, Suzhou, and Hangzhou, the YRPG quickly expanded its business profile. The group has experienced significant growth in the past decade, having quadrupled their net income between 2003 and 2010.[1] In the fiscal year 2014, board shareholders received a record 560% return on investment, and company assets rapidly expanded.[1] The company also hosts 22 subsidiary firms across Asia, and has exploratory ventures in Europe, Canada, and the United States
.
Family
With the company's quickly rising profile, founder
Communist Party of China.[8]
References
- ^ a b c d "China Pharmaceuticals Sector Report" (PDF). cdn-www.securities.com. Emerging Markets Insight.
- ^ Wang, Ben. "Endeavour in the Yangtze River Pharmaceutical Group". cqn.com.cn/. China Quality News. Retrieved 24 April 2016.
- ^ "YRPG Company Profile". www.cccme.cn. China Chamber of Commerce. Retrieved 4 February 2015.
- ^ "Yangtze River Pharmaceutical Group Summary". China Chamber of Commerce.
- ^ "About YRPG". www.yangzijiang.com/en/. Yangtze River Pharmaceutical Group. Retrieved 4 February 2015.
- ^ "Company Overview of Jiangsu Yangtze River Pharmaceutical Group Company Ltd". www.bloomberg.com/. Bloomberg Business.
- ^ "YRPG's Chairman Xu Jingren was elected deputy of the 12th National People's Congress". www.yangzijiangcom. Yangtze River Pharmaceutical Group.
- ^ "Deputy: cost cutting affects public health". www.npc.gov.cn. NPC.
