Beijing Tongrentang (Group) Co., Ltd. is a wholly state-owned company authorized by the municipal government to operate state-owned assets. Founded in 1669, it has a history of 343 years. The Group adheres to the development strategy of "taking modern Chinese medicine as the core, developing life and health industry, and becoming an internationally renowned modern Chinese medicine group", takes the policy of "being long, strong and big", takes innovation as the guide, and takes science and technology as its own responsibility. The sales revenue, profit realization, export earnings and the number of overseas terminals rank first in the same industry in China. Since 1997, Tongrentang has maintained a sustained and healthy development, and various economic indicators have maintained double-digit growth for 15 years, doubling every five years. By the end of 20 1 1, the group's total assets1400 million yuan, sales revenue1630 million yuan, profits131600 million yuan, and foreign exchange earned by export was 33.92 million US dollars. In addition, 64 pharmacies and 654 pharmacies have been opened in 16 overseas countries and regions. At the same time, Tong Ren Tang's dual functions as an economic entity and a cultural carrier are increasingly apparent. Brand maintenance and promotion, cultural innovation and inheritance have achieved fruitful results. "Tongrentang Chinese Medicine Culture" has been included in the first batch of national intangible cultural heritage list, and signed a strategic cooperation framework agreement with Hanban to jointly promote Tongrentang Chinese medicine culture and further strengthen the overseas spread of Tongrentang culture by using the Confucius Institute platform.