The reason why Yangtianhe can't be listed.

1. The reason is that the gross profit margin of its main business depends on direct business, and the gross profit margin of its main business has not only declined, but also lagged behind the average level of its peers. Due to the small overall scale, compared with similar listed companies, it does not have a competitive advantage in market coverage. Yangtianhe not only faced difficulties in store operation, but also showed signs of slowing down the growth rate of business performance during the reporting period.

2. In recent years, the challenges faced by chain pharmacies come not only from the profit compression brought by government procurement, but also from competitors in the same industry. Domestic pharmaceutical chain enterprises, such as Yifeng Pharmacy, the common people and Lin, have made large-scale mergers and acquisitions of small and medium-sized chain enterprises in the same industry, and the competition in the pharmaceutical retail chain industry is becoming increasingly fierce.

Yangtianhe corporation

1, Yangtianhe is a large-scale private enterprise group affiliated to key enterprises such as Hunan Times Sunshine Yangtianhe Pharmacy Chain Co., Ltd., Hainan Yangtianhe Pharmacy Chain Co., Ltd., Zhejiang Yangtianhe Pharmacy Chain Co., Ltd., Hebei Yangtianhe Pharmacy Chain Co., Ltd., Hunan Hesheng Medicine Co., Ltd., Changsha Times Sunshine Yangtianhe Chain Co., Ltd., Yangtianhe Japan Co., Ltd. By the end of 2009, it had more than 800 stores and more than 4,000 employees, and its annual turnover exceeded 800 million yuan. Among them, Hunan Times Sunshine Tian Yang and Pharmacy Chain Co., Ltd. ranked among the top 30 pharmaceutical retail chain enterprises in China for three consecutive years.

2. Live a healthy life and support the sky. This is a brand-new banner played by Tian Yang in the new historical period. Since 2005, Yangtianhe's business development model has gradually stepped out of Hunan, and successively registered and established provincial chain companies such as Hainan Yangtianhe, Zhejiang Yangtianhe and Hebei Yangtianhe, enjoying resources and operating independently. On June 20 10, 10, Yangtian and Japan Plant Club officially registered and operated, which marked that the health industry advocated by Yangtian entered a brand-new development period. Centennial brand Yangtianhe, under the guidance of enterprise development strategy and guided by promoting healthy culture, is becoming stronger and bigger, full of vitality and showing broad and bright prospects.