In 1669, the 8 th year of the reign of Emperor Kangxi of the Qing Dynasty, Yue Xianyang established Tongrentang Pharmacy in Beijing. In 1702, the 41 st year of the reign of Emperor Kangxi of the Qing Dynasty, Yue Fengming opened Tongrentang Drug Store at Dashilan outside the Qianmen Gate in Beijing. In 1723, the 1 st year of the reign of Emperor Yongzheng of the Qing Dynasty, the emperor appointed Tongrentang to supply medicine to the imperial palace. In 1843, the 23 rd year of the reign of Emperor Daoguang of the Qing Dynasty, Yue Pingquan led Tongrentang to prosperity again. In March 1949, workers' representatives elected Yue Songsheng the manager of Tongrentang after the liberation of Beijing. In 1954, Tongrentang became the first to carry out a public-private joint management system in Beijing. In 1955, Yue Songsheng was elected vice mayor of Beijing and vice director of the All-China Federation of Industry and Commerce. In 1966, Tongrentang was converted into an enterprise under state ownership. In 1979, the name Tongrentang, which had been forbidden to use during the Great Cultural Revolution period, was resumed. In February 1985, Tongrentang celebrated its 315 th anniversary at the People's Great Hall. In August 1992, Tongrentang established the China Beijing Tongrentang (Group) Company. In June 1997, Beijing Tongrentang Co., Ltd., was listed on the Shanghai Stock Exchange. In March 2000, Beijing Tongrentang Technologies Development Co., Ltd., was listed on the Hong Kong Growth Enterprise Market. In July 2001, Tongrentang Group was reorganized into the China Beijing Tongrentang (Group) Co., Ltd., integrating industrial manufacture and capital operation. In 2002, Tongrentang Group invited the Development Research Center of the State Council to formulate the Research on the Development Strategy of China Beijing Tongrentang and launched the ¡°1032¡± Project. In May 2003, Beijing Tongrentang Health Pharmaceutical Co., Ltd., was established. In May 2003, Beijing Tongrentang International Co., Ltd., was established. In July 2003, Beijing Tongrentang Medicinal Materials Co., Ltd., was established. In November 2003, Beijing Tongrentang Commercial Investment and Management Co., Ltd., were established. In November 2003, Beijing Tongrentang Pharmaceutical Co., Ltd., was established. In December 2003, Beijing Tongrentang Hutchison Pharmaceutical Investment Co., Ltd., was established. In December 2003, Beijing Zhongyan Tongrentang Pharmaceutical Research and Development Co., Ltd., were established. In 2003, Tongrentang Group realized sales of 4.35 billion yuan, total profits of 250 million yuan, and profits and taxes of 550 million yuan, and earned US$17.2 million from export. All of the figures were historically high.
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