YNBY-121 Years

Following this blog, we will walk into the development history of Yunnan Baiyao for more than 100 years.

1902

[Creation] In the process of practicing medicine, Qu Huanzhang focused on exploring the changes and uses of various herbal medicines after preparation, and was brave in innovation. He not only paid attention to learning and inheriting traditional Chinese medical knowledge, but also paid attention to the advantages of others. He tasted hundreds of herbal medicines. After many years of repeated trial production, improvement and verification, he created Yunnan Baiyao, which has a unique effect in treating bruises and internal bleeding. (Baobaodan).

1955

[Prescription] In October 1955, Miao Lanying sincerely thanked the Communist Party and the government for their care and concern, and in order to make Baibaodan develop greater and better serve the people, Miao Lanying will "Qu Huanzhang Wanying Baibao" Dan” prescriptions and technologies are all contributed to the country. In October, with the approval of the Health Bureau of the Kunming Municipal People's Government, the original Qu Huanzhang Pharmacy's inventory of drugs, medicinal materials, materials, etc. was purchased and transferred to the state-owned Kunming Pharmaceutical Factory. "Qu Huanzhang Wanying Baobaodan" was renamed "Yunnan "Baiyao" was officially produced by the local state-owned Kunming Pharmaceutical Factory. The process and quality standards for Baiyao production were determined. Miao Lanying was appointed as a technician to be responsible for the technical guidance of Baiyao production and the construction of a Baiyao workshop was started.

1970

[Three Instructions] In June, Premier Zhou Enlai was very concerned about the production situation of Yunnan Baiyao, and asked the Yunnan Provincial Party Committee to do a good job in the development of Baiyao production, and gave three instructions: 1. Establish a Yunnan Baiyao factory with a considerable production scale; 2. Establish a specialized research institution for Yunnan Baiyao; 3. Introduce raw materials of Yunnan Baiyao from wild plants into domestic species.

1993

[Listing] In May, Yunnan Provincial Structural Reform Commission Yunti Gai [1993] No. 48 approved the restructuring of Yunnan Baiyao Factory into Yunnan Baiyao Industrial Co., Ltd. From November 6th to 9th, "Yunbaiyao" A shares were successfully issued for 20 million shares, with the original stock price of 3.38 yuan. On December 15th, "Yunbaiyao" A shares were listed on the Shenzhen Stock Exchange, becoming the first listed company in Yunnan Province .

1999

[Mechanism conversion] In November, Yunnan Baiyao Group invested 30 million yuan to establish Yunnan Baiyao Group Pharmaceutical E-Commerce Co., Ltd. The innovative transformation of marketing work began, and the construction of marketing network and marketing team, the docking and marketing of new and old models were successfully completed. The change in approach has solidified the market foundation of the company's products. The successful restructuring of the marketing system laid a good foundation for the company to further implement innovative reforms in the R&D, production and management systems.

2006

[Main indicators ranked first] In 2006, all the company's work was carried out smoothly, with a year-on-year increase of 31% in 2006; net profit increased by 19.94% year-on-year; profits and taxes increased by 33% year-on-year; the company's operating performance maintained healthy development for the seventh consecutive year With good momentum, all major economic indicators have ranked first in the traditional Chinese medicine industry. The company's operating performance has been fully recognized by the securities market. The company's total market value ranks first among pharmaceutical listed companies in Shanghai and Shenzhen. This marks the growth of Yunnan Baiyao from a local enterprise. As a national enterprise, it has grown from an industry follower to an industry leader.

2011

[Relocation] In October 2011, Yunnan Baiyao officially transferred from Kunming No. 51, where it had been producing for 40 years, to Chenggong District. The implementation of the overall relocation project promoted the company's industrial upgrade, management upgrade and service upgrade. In December 2011, the "Inauguration Ceremony of Yunnan Baiyao Industrial Base" was successfully held, opening a new chapter in the development of Yunnan Baiyao. Leaders of the Yunnan Provincial Party Committee and Provincial Government came to the scene in person and fully affirmed the company's sustained and rapid development for more than 10 years. They encouraged Yunnan Baiyao to explore new ways for the development of the biomedical economy in Yunnan Province through the implementation of the "New Baiyao, Big Health" strategy. development path, the Provincial Party Committee and the Provincial Government will continue to support, support and cultivate Yunnan Baiyao.

2012

[First Prize for Scientific and Technological Progress Award] In January 2013, the Central Committee of the Communist Party of China and the State Council held the 2012 National Science and Technology Awards Conference at the Great Hall of the People in Beijing. Research and Development" project won the first prize of the National Science and Technology Progress Award in 2012, filling the vacancy of the first prize of the National Science and Technology Progress Award in my country's traditional Chinese medicine industry for nearly 10 years.

2014

[Industrial Award] In May, the third China Industrial Award Commendation Conference was held in the Great Hall of the People, and Yunnan Baiyao won the award. The China Industry Award is the highest award in my country's industrial field approved by the State Council. Yunnan Baiyao is the first award-winning enterprise in Yunnan Province, western China and the pharmaceutical industry.

2016

[Mixed Reform] In December, in order to comprehensively deepen the reform of state-owned enterprises, promote the pilot reform of mixed ownership of enterprises, and quickly make Yunnan Baiyao stronger, better, and bigger, the Yunnan Provincial State-owned Assets Supervision and Administration Commission, Xinhuadu Industrial Group Co., Ltd., and Yunnan Baiyao Holdings Co., Ltd. A signing ceremony for the cooperation agreement was held in Kunming. It is planned to introduce Xinhuadu Industrial Group Co., Ltd. as a strategic investor of Yunnan Baiyao Holdings Co., Ltd. through a complete capital increase.

2018-till now

[Absorption and merger] In 2018, Yunnan Baiyao Group absorbed and merged with Yunnan Baiyao Holdings. Yunnan Baiyao implemented an absorption merger with Baiyao Holdings through the issuance of shares. Yunnan Baiyao is the party to the merger, and Baiyao Holdings is the party to be merged. After the merger is completed, Yunnan Baiyao will be the surviving party and will inherit and assume all assets, liabilities, contracts and all other rights and obligations of Baiyao Holdings. Baiyao Holdings will cancel its legal person status; the shares of listed companies held by Baiyao Holdings will be After deregistration, Yunnan Provincial State-owned Assets Supervision and Administration Commission, Xinhuadu and Jiangsu Yuyue will become shareholders of the listed company.