In 2003, Fosun Pharma jointly established Sinopharm with the China National Pharmaceutical Group Corporation.
Sinopharm is China’s largest pharmaceutical and health care products distributor and leading supply chain service provider
In 2017, Sinopharm achieved about RMB277.717 billion in revenue, a net profit of RMB7.868 billion, and a net profit attributable to shareholders of RMB5.283 billion, up 7.48%, 14.17%, and 13.68%respectively from 2016.
As of the end of 2017, the number of retail pharmacies owned by the group’s GuoDa Drugstore amounted to 3,834
Cooperate and Develop New Business Models with Guahao.Com
In 2015, Fosun Pharma signed a strategic cooperation agreement with Guahao Network (Hangzhou) Technology Co., Ltd. (hereinafter referred to as “Guahao.com”), and pursuant to which both parties shall make full use of respective advantages and resources to carry out in-depth cooperation.
The cooperation in the fields of pharmaceutical e-commerce and medical services herein is the focus of both parties. Guahao.com is a large Internet medical platform for Chinese users covering 1,420 hospitals, 150,000 specialists and more than 82 million ID-based patients, and the total amount of appointment registration requests reached 200 million in 2015.