Beijing Tong Ren Tang Healthcare Investment Co. is a subsidiary of TRT which strategically focuses on TCM healthcare services in China, delivering comprehensive TCM healthcare services to individual customers, standardized management services to business customers, and a wide selection of healthcare products and other products.
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As of June 17, 2026, the Group had established tiered TCM healthcare service network comprising 13 self-owned offline medical institutions and an Internet hospital, as well as 13 managed offline medical institutions. Benefit from the well-established brand “Tong Ren Tang” and quality pharmaceuticals, the Group has accumulated and integrated abundant offline and online healthcare resources.
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The Group is the largest TCM hospital group in the non-public TCM hospital healthcare service industry in China in 2025 in terms of the total number of out-patient and in-patient visits, with a market share of 1.5%. In terms of the total TCM healthcare service revenue in 2025, the Group ranked second with a market share of 0.2% in the non-public TCM hospital healthcare service industry, the market size of which represented 54.9% of the total market size of the TCM healthcare service industry in China in the same year.
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The Group generated revenue primarily from TCM healthcare services; management services; and sale of healthcare products and other products, its customers primarily consist of individual customers that receive TCM healthcare services at offline medical institutions or Internet hospital owned and operated by it; individual customers that purchase healthcare products or other products at its offline standalone stores; and retailers that procure Angong Niuhuang Pills series from it; and medical institutions and business customers that receive its management services.