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TONGRENTANGCM (03613.HK) has entered into a technical service contract with TONG REN TANG.
On December 20, Gelonghui reported that TONGRENTANGCM (03613.HK) announced that on December 20, 2024, the company entered into a technical service contract with TONG REN TANG. Accordingly, the company entrusted TONG REN TANG with the process and technical research on important Traditional Chinese Medicine raw materials. The company shall pay TONG REN TANG a total of 5 million Hong Kong dollars in installments for the technical services. The related raw materials are an important part of the group's production of Traditional Chinese Medicine and products, playing a significant role in the quality of the production process. Considering TONG REN TANG's capabilities and expertise in Traditional Chinese Medicine manufacturing, the Director believes that the technical service contract and the Trade involved will be beneficial.
The current cycle of Traditional Chinese Medicine materials is entering a downturn phase, and pharmaceutical companies may face a cost "turning point."
In the second half of 2024, the prices of Traditional Chinese Medicine materials are expected to decline overall; the semi-annual and third quarter reports of this year show that the gross margin of some Chinese Patent Medicine listed companies has significantly decreased, indicating a notable impact of the fluctuation in Traditional Chinese Medicine material prices on costs. However, with the retreat in Traditional Chinese Medicine material prices, production costs for companies will also decrease.
HAITONG SEC: The trend of moderate price reductions in the centralized procurement of Traditional Chinese Medicine varieties continues, and the domestic Pharmaceutical industry is expected to usher in a wave of mergers and acquisitions.
HAITONG SEC released a Research Report stating that the gentle trend of price reduction for Traditional Chinese Medicine varieties continues.
Behind the two award wins, TONG REN TANG (01666.HK) is investor-oriented and committed to high-quality development.
This choice will also become a "ballast" for its future performance growth and value creation, enabling ckh holdings to develop in a long-term and stable manner.
Hong Kong's Department of Health: To develop Hong Kong into a gateway for the internationalization of traditional Chinese medicine and Chinese herbal medicine.
Secretary for Food and Health of the Hong Kong Special Administrative Region, Dr. Constance Chan, stated that in order to promote the standardization and internationalization of traditional chinese medicine, Hong Kong aims to become a gateway for the internationalization of traditional chinese medicine.
Positive Earnings Growth Hasn't Been Enough to Get Tong Ren Tang Technologies (HKG:1666) Shareholders a Favorable Return Over the Last Five Years
The Five-year Shareholder Returns and Company Earnings Persist Lower as Tong Ren Tang Technologies (HKG:1666) Stock Falls a Further 6.9% in Past Week
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