At the end of the year, another Chinese medicine company joined the price increase team

 Recently, Tai Chi Group stated on the investor relations interactive platform that the company has recently adjusted the ex-factory price of Huoxiang Zhengqi Oral Liquid with an average increase of 12%
.
This has also become another Chinese medicine product with a price increase after the Angong Niuhuang Pills of Tongrentang and China Resources Sanjiu
.
According to relevant media inquiries on the e-commerce platform, the price of Taiji Group Huoxiang Zhengqi Oral Liquid (specification: 10ml*10 bottles) ranges from 19.
8 yuan to 26.
2 yuan.
If calculated at a 12% increase, each box of Huoxiang Zhengqi Oral Liquid (Specification: 10ml*10 sticks) or up to 2-3 yuan
.
Regarding this price adjustment, Tai Chi Group stated on the interactive platform that due to the continuous increase in the cost of main raw materials, auxiliary materials, energy, etc.
, in order to alleviate the pressure of the company's rising costs, and promote the sustainable development of the market
.
Statistics show that the composition of the oral solution formulation Huoxiangzhengqi include herb, dried tangerine peel, Magnolia (Ginger), Angelica, Poria, Dafu Pi, Pinellia, licorice extract, patchouli oil, perilla leaf oil
.
Take the raw material Atractylodes japonicus as an example.
Its price has been rising in recent years.
For example, the annual increase of Atractylodes japonicus in Anguo Pharmaceutical City is about 27%.
The price of atractylodes in Bozhou market has risen from around 105 yuan/kg in 2019 to 190 at the beginning of this year.
Around RMB/kg
.
"As raw materials are rising, the price adjustment of Huoxiang Zhengqi Oral Liquid is natural
.
" An insider said
.
It is understood that this is not the first price increase of Huoxiang Zhengqi Oral Liquid.
As early as November 2018, Tai Chi Group issued an announcement stating that the ex-factory price of Huoxiang Zhengqi Oral Liquid was increased by an average of 11%.
The terminal retail price of Zhengqi Oral Liquid has been adjusted accordingly
.
The reason is that the prices of the main raw materials of Huoxiang Zhengqi Oral Liquid, Atractylodes Rhizome, etc.
, auxiliary materials and packaging materials have continued to rise, in order to alleviate the pressure of the company's continued rising costs
.
Huoxiang Zhengqi Oral Liquid is the backbone of Taiji Group.
It can be used for colds caused by exogenous wind and cold, internal injury and dampness or summer injury and summer dampness.
Symptoms include headaches and dizziness, chest and diaphragm tightness, abdominal distension and pain, vomiting and diarrhea
.
According to data, the sales of Huoxiang Zhengqi Oral Liquid have maintained a double-digit increase recently.
In 2020, the sales revenue of Huoxiang Zhengqi Oral Liquid has increased by more than 33% year-on-year to 689 million yuan; in the first half of 2021, the sales income of Huoxiang Zhengqi Oral Liquid has increased.
A year-on-year increase of 30% to 558 million yuan
.
Looking back on the Chinese medicine market this year, it is not only the Huoxiang Zhengqi Oral Liquid of Taiji Group that has increased prices
.
For example, in May of this year, Pien Tze Huang raised the price of Pien Tze Huang products on the grounds of rising cost prices
.
In early December, the price of Tongrentang Angong Niuhuang Wan increased from 780 yuan/pill to 860 yuan/pill
.
On December 13, China Resources Sanjiu said on the interactive platform that due to the continuous increase in overall costs in recent years, the company's ex-factory price of Angong Niuhuang Wan has increased this year
.
On December 21, Jiuzhitang also stated on the interactive platform that based on the current continuous increase in raw material and labor costs, the company will formulate different ex-factory price adjustment strategies for specific products
.
It is reported that on December 21, the Liaoning Public Resources Trading Center issued a notice stating that it intends to adjust the prices of 136 drugs
.
Among these medicines, there are many varieties of Chinese patent medicines such as Radix Isatidis, Huoxiang Zhengqi Water, Niuhuang Jiedu Tablets, and Xiaoyao Pills
.