Private commercial leader Kyushu Tong released a interim report display a few days ago，In the first half of the year, the company realized operating income of 12.030 billion yuan、Operating profit of 166 million yuan，The net profit attributable to shareholders of listed companies is 126 million yuan，increased by 17.01%year -on -year respectively、8.07%and 7.49%。The gross profit margin of pharmaceutical business enterprises is generally facing large downward pressure，Kyushu Tong did not give up the transformation。　　

Acquisition mergers and speed up

Affected by policy factors such as this year's bidding price limit，The pharmaceutical business industry generally faces the pressure of gross profit margin，Kyushu Tong is also affected。During the reporting period，stake betting appstake sports betting appThe overall gross profit margin of the company is 6.07%，A slight decrease year -on -year，Western medicine、Chinese Medicine、Chinese medicine drinks and other distribution categories have declined。But the data shows，Company control is still better，The expense rate in the first half of the year is 4.51%。

Guoxin Securities believes，In the first half of the year, Kyushu's income growth rate was stable，But the same situation in the industry，Facing the decline in gross profit margin and the pressure of silver root tightening。"Kyushu Tong had expected income growth of more than 20%in 2011 in 2010，Profit growth rate exceeds the growth rate of income。Although the performance in the first half of the year is lower than expected，However，The annual profit of the whole annual mainly comes from the return point of the year at the end of the annual production enterprise，Therefore, the first three quarters，Especially the return point in the first half of the year mainly comes from pre -lifting，and the company generally pre -pre -prefers is more cautious，Q3 Gradually, it will reflect the growth rate of closer to the actual situation of the whole year，The annual performance is still expected to achieve a 20%growth。”

It is worth noting is，Kyushu, which has always developed steadily, has significantly accelerated the pace of acquisition and mergers，and focus on the field of Chinese medicine and retail。

In addition to the cooperation with Jinpai Co., Ltd. that has been disclosed，Social joint venture Establishment of Hubei Kyushu Tongzhong Traditional Chinese Medicine Industry Development Co., Ltd.，Kyushu Tong revealed in the interim report，stake online sports bettingstake betting appApril，Company acquires and increases capital of 81.49%of Hubei Xianglian Pharmaceutical Co., Ltd.，expanded the company's traditional Chinese medicine product line and sales。In terms of expansion of retail chain pharmacies，The company completed the acquisition of Henan Xinglin Da Pharmacy Co., Ltd.，After the acquisition, the company indirectly controls 90%，and renamed it as Henan Xinglin Holy Pharmacist Pharmacy Co., Ltd.。In the outlook of the second half of the year，Kyushu Tong clearly proposes: to vigorously integrate Chinese medicine resources、Retail Network and Customer Resources，Continue to find the right retail chain pharmacy resources，Methods and mergers and other methods，Accelerate the development of your own pharmaceutical retail chain system。

In terms of e -commerce，Kyushu Tong has cooperated with Jingdong Mall to gain strong attention from the industry not long ago。Kyushu Tong expressed his strive to develop steadily in the second half of the year，Create its own brand in the industry。

Integration of supply chain resources

From the perspective of Kyushu Tong，In 2011, the state increased the implementation of centralized bidding and procurement of basic drugs in grassroots medical institutions，In the first half of the year, there were some provinces (municipality、Autonomous Region) The basic drug bidding procurement plan (or consultation draft) and related supporting measures have been announced; at the same time，Actively explore the reform method of public hospitals，Pilot paid by disease、The reform plan paid by the head and the total prepaid; the Ministry of Commerce and other government departments stake online sports bettingStake Sports Bettingfocus on promoting the model of pharmaceutical circulation enterprises to extend modern pharmaceutical logistics services to the hospital，These have brought rare development opportunities to the company。

But the challenge is also obvious，The implementation effect of the basic drug system currently implemented in the country cannot be predicted，The "zero difference" policy implemented by the pilot grass -roots medical institutions also has great uncertainty on the impact of drug habits of grassroots medical institutions。

Under the change of the grass -roots market，Kyushu transferred to the mid -to -high -end hospital market that has always been a weakness。Kyushu Tong revealed，The opportunity to use the reform of public hospitals and a new round of drug bidding for hospitals，The model and method of innovation entering the market of high -end hospitals，Promote the continuous growth of the company's market in the high -end hospital。Point out，The supply chain model of the company's medical consumables cooperation with the People's Hospital of Peking University has achieved a certain successful，It will accelerate the promotion of other hospitals，Promote the rapid growth of this business。

raised overseas funds from 2007 until it was listed in 2010 until now，Kyushu Tong has never given up the layout in the field of medicine and logistics。In the first half of this year，The company's national logistics distribution network is further improved，Tianjin、Xiamen、3 pharmaceutical logistics centers in Yichang completed the construction and put into operation in succession。At the same time，Kyushu Tong has always Stake Sports Bettingstake betting appexpected to use existing information and logistics technology advantages，Integration of industry supply chain resources，Targeting the overall solution of providing personalized supply chain management to customers，Extension of the company's information logistics service field，Improve the business adhesion of the company and customers，and gradually promote the company's transformation from traditional business to modern service industries。