China Yongxin Pharmaceuticals, Inc. (CYXN.OB) is a large medical supplier located in China. The company provides approximately 80% of Northeast China’s medical supplies. China Yongxin owns and operates four subsidiaries that include a wholesale division and a retail division.
China Yongxin’s wholesale division is responsible for the distribution of pharmaceuticals and medical supplies. The company owns and operates a retail pharmacy chain and a retail drugstore chain with 96 operating drug and pharmaceutical stores. They also have retail operation as a franchisee of American Medicine Shoppe International, and they manufacture proprietary ginseng products.
China Yongxin plans to add 102 new retail drug and pharmaceutical stores in 2008. In 2007, the company reported net revenues of $47,892,833.00, which was an increase of 20% from the year ending 2006.
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