同仁堂国药2024年年报

固本培元Gùpéib nyuán is an ancient philosophical concept in China.“Yuan” and “Ben” refer to the root, the primordial spirit,the fundamental aspect.“Gu Ben Pei Yuan” means strengthen the foundation andcultivate the core essence. The I Ching () states that “Just as the universe keeps operating ceaselessly andvitally, a man should continuously strive for self-cultivation.” Chinese medicine holds the belief that there is a correspondence between heaven andhumans. Just as celestial bodies move in their orbits with unceasing vigor, so tooshould the circulation of Qi () and blood within the human body be continuous, dayand night. This uninterrupted flow ensures robust health and vitality, preventing theoccurrence of diseases. Aspeople reach middle age,their metabolic functions gradually weaken,and theirexcretory functions decline. This can lead to the accumulation of waste products withinthe body, causing blockages in the flow of Qi and blood, which inevitably affects health.“GuBen Pei Yuan”promotes the smooth flow of Qi and blood within the body,eliminating metabolic waste. This process helps the organs and Qi and blood to restoreandmaintain normal physiological functions,keeping a dynamic balance.It is anextremely effective anti-aging method. Tong Ren Tangat a Glancein 20242024Protecting the most belovedwith the most precious In 1669, Beijing Tong Ren Tang was founded during the eighth year of EmperorKangxi’s reign during the Qing Dynasty. Starting in 1723, Beijing Tong Ren Tangexclusively provided Chinese medicine to the royal family for 188 years, spanningthe reigns of eight emperors. Throughout history, Beijing Tong Ren Tang has alwaysbeennationally renowned in the Chinese medicinal industry.Over 356 years ofdedicationto quality medicinal products,we have continuously upheld ourlongstandingcommitment to“No compromise on cost and labor despite thecomplexity of processing herbal medicines. No compromise on quality and standarddespite the scarcity of medicine ingredients.”. Our self-discipline is also seen fromour motto: “Dedication comes from the heart in the steps that no one else can see”.We are meticulous in our manufacturing process and strive for excellence, usingsuperiorcrude materials and meticulous technical skill.Only the most effective,unique formulas are passed down and refined into our famed products.broad-minded and selflessIn harmony with others 9 Organisation Chart 1 0Financial Highlights 1 2Chairman’sStatement 16691723188356 1 6 ManagementDiscussionand Analysis 38Owned Products The “Two No Compromises” built up the strictstandardof Tong Ren Tang in prescriptionselection, use of medication, proportioning andcraftsmanship,was first seen in the bookDescriptionsof Tong Ren Tang Medicines)written by Mr.YueFengming in 1706. It is a maxim abided byTong Ren Tang people to this day. No matterhowcomplicated the processing andprocedures are, we must not get slack and cutdown these steps; no matter how expensiveand rare the medicinal materials are, we mustnot be stingy about medicinal materials.COMPROMISES”FUTUREPROSPECTSYEARS104IndependentAuditor’s Report1 1 2Consolidated Statementof Profit or Loss1 1 4Consolidated Statement ofComprehensive Income1 1 6Consolidated Statement ofFinancial Position1 1 8Consolidated Statement ofChanges in Equity120Consolidated Statement ofCash Flows122Notes to the ConsolidatedFinancial Statements244Information for Investors246Corporate Information248Glossary 40 Investor RelationsReport “Established as the sole Chinesemedicine provider to royal families,Tong Ren Tang is an enduring nationalbrand that has overcome variousvicissitudes — from recessions to enemyinvasions to the establishment of thePeople’s Republic of China. Tong RenTang is a truly a historical symbol ofquality and credibility.” 44Directors andSenior Management 50Directors’ ReportMongKok 74CorporateGovernance ReportWestKowloon Quote from“Tong Ren Tang:Inheritance andDevelopment”by Bian Dong Zi West side of Tong Ren Tang Chinese MedicinePharmacy at Dashilan Street,Qianmen Avenue in Beijing duringthe Republic of China. 1702In 1702, the 41th Qing Kangxi reign,Mr. Yue Fengming (son of Mr. Yue Xianyang)took over Tong Ren Tang, opened the firstTong Ren Tang Chinese MedicinePharmacy at Dashilan Street, QianmenAvenue in Beijing, which is still operatingtoday. Preventive treatmentof diseases to keephealthy Nurturing Kindness1669356 In1669,the 8th Qing Kangxi reign,Mr.Yue XianyangfoundedTong Ren Tang Chinese Medicine Pharmacy inBeijing.Mr.Yue believed that“among things which canpreserve peoples’ health and to do good to society, medicineisthe best”and named the pharmacy as“Tong Ren(cultivateboth noble morality and benevolence)”.It has ahistoryof 356 years.“Nurturing kindness and virtue,Preservingtranquility and wellness”is a new summary ofTong Ren Tang’s original desire, mission and spirit as a TCMenterprise, showing the ideal and pursuit that Tong Ren Tangpeople are committed to serving human and pres