 | |
 Global headquarters (the tallest white building) | |
| Type | Public |
|---|---|
| SHA 600998 | |
| Industry | Healthcare |
| Founded | 2000 |
| Founder | Liu Baolin |
| Headquarters | Wuhan, China |
Area served | Worldwide |
Key people | Liu Baolin (Founder & Honorable President)
Liu Zhaonian (Co-Founder) Liu Shulin (Co-Founder) Liu Changyun (President & CEO) |
| Products | Medical and pharmaceutical products and services |
| Revenue |  US$19.8 billion (2022) |
Number of employees | 29338 [1] |
| Website | www |
Jointown Pharmaceutical Group Co., Ltd. (Chinese: 九州通医药集团) is a Chinese healthcare services company. It was founded in 1999 and is headquartered in Wuhan, China.[2] The company is principally engaged in the wholesaling and retailing of pharmaceuticals and medical equipments and its products mainly include western medicines, proprietary Chinese medicines, Chinese medicine pieces, Chinese herbal medicines, medical equipments, health care products, cosmetics, among others. [3] Forbes 2023 Global 2000 list put Jointown at number 1732.[4]
History
The company was founded in 1985 as Swan Pharmaceutical Wholesale (Chinese: 天鹅医药批发部) by Liu Baolin,[5]
In 2020, during the outbreak of COVID-19, the company became the 3rd largest medical distributor in China and ranked 93rd on Fortune 500 China.[6] In 2023, Jointown had an annual revenue of US$21.4 billion.[7]).
Locations
North America
Jointown has an office in Los Angeles.
Finances
For the fiscal year 2021, Jointown reported an annual revenue of CN¥122.407 billion (US$18.8 billion). increase of 10.41% over the previous fiscal cycle.[8] Jointown's stocks traded at CN¥12.15 per share, and its market capitalization was valued at over CN¥22.66 billion in June 2022.[9]
| Year | Revenue in
bil. CNY¥ |
Revenue
in bil. USD$ |
|---|---|---|
| 2009 | 19 | 2.9 |
| 2010 | 21.3 | 3.3 |
| 2011 | 24.8 | 3.8 |
| 2012 | 29.5 | 4.5 |
| 2013 | 33.4 | 5.1 |
| 2014 | 44.1 | 6.8 |
| 2015 | 49.6 | 7.6 |
| 2016 | 61.6 | 9.5 |
| 2017 | 73.9 | 11.4 |
| 2018 | 87.1 | 13.4 |
| 2019 | 99.5 | 15.3 |
| 2020 | 110.8 | 17.0 |
| 2021 | 122.4 | 18.8 |
References
- ↑ "Jointown Pharmaceutical Group Co Ltd". bloomberg.com. Retrieved June 28, 2022.
- ↑ "Profile of Jointown Pharmaceutical Group". Forbes.
- ↑ "Jointown Pharmaceutical Group Co Ltd\". www.reuters.com. Retrieved 2022-06-28.
- ↑ "Profile of Jointown Pharmaceutical Group". Forbes.
- ↑ "Liu Baolin". Forbes. Retrieved 2022-06-28.
- ↑ "2020年《财富》中国500强排行榜". 财富中文网 (in Chinese (China)). Retrieved 2022-06-28.
- ↑ "Jointown Pharmaceutical Group". Forbes. Retrieved 2022-06-28.
- ↑ "九州通全年营收超1200亿 持续推进数字化战略升级 - - 长江商报". m.changjiangtimes.com. Retrieved 2022-06-28.
- ↑ "Jointown Pharmaceutical Group Co Ltd (600998) Stock Price & News - Google Finance". www.google.com. Retrieved 2022-06-28.