A leading pharmaceutical e-commerce platform with B2B/B2C/O2O business model, and a listed company with western medicine/traditional Chinese medicine/equipment as its main products
Jointown is a large-scale enterprise group with western medicine, traditional Chinese medicine and equipment as its main products, medical institutions, wholesale enterprises and retail pharmacies as its main customers, and providing customers with various value-added services such as information and logistics. Based on the pharmaceutical and health industry, the company is one of the few enterprises with a national network in the field of pharmaceutical business in China, and was listed on the Shanghai Stock Exchange on November 2, 2010 (stock abbreviation: Jointown, stock code: 600998), the company has ranked fourth among China's pharmaceutical commercial enterprises for many years, leading China's private pharmaceutical commercial enterprises, ranking 181st in the "2016 Hurun Brand List" with a brand value of 3 billion yuan, and ranking in "Fortune" in 2017 (Chinese version) ranked 101st in the top 500.
Jointown was established in March 1999 and is headquartered in Wuhan, Hubei Province. As of September 30, 2017, the registered capital was more than 1.696 billion yuan. As of September 30, 2017, the company's total assets were 47.571 billion yuan, operating income was 54.459 billion yuan, and net profit was 955 million yuan, an increase of 20.4% and 108.78% respectively over the same period last year. In 2016, the company achieved operating income of 61.557 billion yuan and net profit of 904 million yuan, an increase of 24.13% and 28.48% respectively over the same period last year. It employs nearly 20,000 people and has 911 directly operated and franchised retail chain pharmacies.
In 2017, Jointown clarified the general tone of seizing opportunities and strengthening control, and established the guiding ideology of "seizing development opportunities first, and paying close attention to the foundation of swan control". The strategic portfolio of emerging businesses that need to be cultivated with pharmaceutical distribution and hospital business as the core business, traditional Chinese medicine business, medical devices, e-commerce, consumer goods, general agency business and pharmaceutical industry as strategic businesses, industry solutions, medical industry investment, financial investment, international trade and pharmaceutical and health industry incubator as the emerging businesses that need to be cultivated, as well as the strategic development idea of "seeking progress in core business, seeking breakthroughs in strategic business, and strictly controlling risks in emerging business".
Jointown has a nationwide marketing network and abundant upstream and downstream resources, and has successively built 30 provincial-level subsidiaries (large-scale pharmaceutical logistics centers) and 73 prefecture-level subsidiaries (regional distribution centers) in most regional central cities and provincial capitals such as Hubei, Beijing, Henan, Xinjiang, Shanghai, Guangdong, etc., and established a marketing network covering more than 95% of the country's administrative regions. The company operates nearly 260,000 varieties and specifications, more than 7,000 upstream suppliers and more than 100,000 downstream customers, and has obtained the national or regional general distribution or general agent qualification of more than 240 kinds of domestic drugs, ensuring the diversified needs of customers and meeting the "one-stop" procurement experience.
Jointown logistics has a storage capacity of 4 million pieces, a shipment efficiency of 10,000 lines/hour, a delivery accuracy rate of 99.99%, and more than 1,300 self-owned delivery vehicles. The company adheres to the concept of "technology makes service more excellent", and is committed to the development and application of modern logistics technology and information technology, through its own design, planning, system integration, has completed the construction of its 103 modern pharmaceutical logistics centers, and widely used the warehouse management system (LMIS), equipment control system (WCS), transportation management system (TMS), third-party logistics platform, drug supervision code collection and other systems with independent intellectual property rights, and obtained 150 related computer software copyrights. It is a pharmaceutical distribution enterprise with independent integration of logistics planning, logistics implementation and system integration capabilities, and has won the honorary title of "Banner Enterprise of China's Logistics Reform and Opening-up for 30 Years".
Jointown insists on building brand Chinese herbal medicines, establishing a Chinese medicine industry group, and promoting the coordinated development of the five major sectors of the Chinese medicine industry chain around the main business line of "strong brand, strong product, strong marketing, heavy foundation, heavy talent, and heavy benefit".
Jointown continues to promote the strategy of Koniz for medical devices, and accelerates the construction of supply chain system and operation mode around professional products, so as to achieve rapid growth of professional products. In the device industry, OEM and self-produced products are used to create their own brands of household care and routine consumables.
Jointown has built a health wisdom platform, obtained the "Internet Drug Trading Service Qualification Certificate" (B2B model) and "Internet Drug Trading Service Qualification Certificate" (B2C model), relying on the good pharmacist brand, establishing a user's smart medical and health service system, and realizing the whole chain service of Jointown medical and health industry. Relying on the superior B2B resources of Jointown, we will build a terminal pharmacy service system, establish a pharmacy alliance, build a national distribution system, and quickly improve the terminal user experience. Based on cloud technology, big data, artificial intelligence and other technologies, we plan a series of innovative services such as smart customer service, smart pharmacies, smart channels, and smart health, and build a smart medical and health platform driven by science and technology.
Jointown has established a quality management network and a strict drug quality control system, with a professional quality control team of 600 people, which strictly controls the quality in accordance with the requirements of GSP and relevant national standards, and escorts the company's business development. At present, Jointown has 115 companies through the new version of GSP certification, the company for each link in the business operation, sales, inventory, the development of a sound quality management system and standard operating procedures, and combined with advanced information technology, strict quality management six passes. In response to the new requirements put forward by the new version of GSP, the company carries out refined inventory management and creates a full cold chain distribution system.
Jointown has established a centralized group management and control system, built a business information system and a sound communication mechanism to ensure the rapid implementation of various tasks. The company has control and deployment power in terms of personnel, finance, and materials, which can reduce customer transaction costs, improve service quality and customer satisfaction, better serve upstream and downstream customers, and enhance the company's competitiveness.
Jointown has established the original ecological corporate culture system with "family culture" as the core, the company is the home of employees, the company's career is the career of every employee, and the development of the company is closely related to the future of each employee. No matter what position each employee is in, they must have a strong sense of responsibility, always have a sense of crisis, have uncompromising execution, maintain a positive team integration, create a common cause with the company, and share the company's development results.
In recent years, the company has won many honorary titles such as "National 5A Logistics Enterprise", "The Most Influential Private Enterprise in Hubei Province", "Hubei Province Contract-abiding and Trustworthy Enterprise", "China's Excellent Enterprise with Social Responsibility", "China's Top 100 Private Enterprises in the Service Industry", "China's Top 500 Enterprises" and so on.
