Well-known chain pharmacies lay out convenience stores

Yixintang transforms into a "convenience store"

According to news from Yunnan.
com, Yixintang’s Yixin Convenience has recently added two new convenience stores in Kunming
.

According to the introduction, Yixin Convenience was established in May 2021.
It is a co-creation and sharing platform-based commercial operation integration organization.
It was transitioned from the acquisition of local convenience store Zhongwangwang by Yixin Convenience Chain (Yunnan) Co.
, Ltd.
On the basis of high quality, the service, product quality, store decoration, logistics and distribution, business strategy, development goals and other aspects have been upgraded and replaced.
The direct chain model is mainly adopted, and it is planned to spread to Kunming and other cities in Yunnan starting next year
.

According to the company's information, Yixin Convenience has a registered capital of 12 million yuan and a total of 72 branches, all of which are in existence.
Yixintang Pharmaceutical Group Co.
, Ltd.
is the largest shareholder with 51% of the shares, followed by Chen Zongmin (42%).
Pang Yong (7%)
.

In an interview with the Metropolis Times, relevant personnel of Yixinli said that Yixinli has extensive mutual trust and cooperation with well-known national and local enterprises.
Next, it will integrate Yixintang's resources as soon as possible and strive to become a benchmark brand of Yunnan convenience stores
.

Located in Yunnan, there are 240 Jianzhijia convenience stores

Like Yixintang, Jianzhijia, which is also in Yunnan, also attaches great importance to the "convenience store" business
.

According to the information of Jianzhijia’s annual report, Jianzhijia is the first pharmaceutical retail chain company to develop diversified operations in Southwest China.
Based on pharmaceutical retail as its main business, it has opened convenience stores, traditional Chinese medicine clinics, community clinics, physical examination centers, etc.
Store type, which includes "drugstore + convenience store" (Zhijia convenience store, 100% holding of Jianzhijia)
.

Jian Zhijia said that in addition to expanding the offline market, Zhijia convenience stores are also actively expanding online platforms.
In 2020, they will enter the e-commerce platforms of Pinduoduo and JD.
com
.

According to the annual report data, Jianzhijia has 240 convenience stores in 2020, which is 13% of the number of pharmacies in the same period; the average daily efficiency is 44.
4 yuan/square meter, which is higher than the average daily efficiency of the community convenience pharmacies of 37.
14 yuan/square meter
.

In the “Top 100 Chinese Convenience Stores in 2020” released by the China Chain Store & Franchise Association (CCFA), Jianzhijia’s “Zhijia Convenience” ranks 68th in the country according to the number of stores
.

In addition to convenience stores, multi-point layout transformation business

It is worth mentioning that in addition to opening convenience stores, Yixintang has also deployed transformational businesses such as drugstores, commercial insurance payments, and formula granules business
.

According to the information in the 2021 semi-annual report, Yixintang currently has 4 drugstores, attracting younger consumer groups through the sale of cosmeceutical products, and strengthening the product layout of drugs, cosmetics, food and beverages and other categories
.

The transformation of pharmacies into "drug stores" is mainly to cater to changes in social life, but also to improve their own competitiveness and profitability

Chinese pharmacies wrote and analyzed that in order to meet the different needs of users, traditional pharmacies are doing cosmeceutical business and transforming into comprehensive health service providers, elevating ordinary consumers to high-stickiness and high-loyalty customers

In the field of commercial insurance payment, the current commercial insurance payment methods mainly include Pharmaceutical Union, Smart E Insurance, Hanyintong, etc.

Regarding the formula granule business, Yixintang stated that its wholly-owned subsidiary, Yunnan Hongxiang Traditional Chinese Medicine Technology Co.

After obtaining 609 approvals from Yunnan Province at the end of 2020, the team has made every effort to organize and guarantee production and supply and related supporting support, and simultaneously set up a professional sales service and implementation guarantee team