ZHONGHENG GROUP(SH:600252) Nan Fang Du Shi Bao·2025-04-28 09:50Core Viewpoint - The National Medical Products Administration announced that two batches of toothpaste produced by Tianqi Family Chemical Industry Co., Ltd. were found to have excessive total bacterial counts, exceeding the limit by 37 times and 1279 times respectively [2][3]. Group 1: Product Quality Issues - Two batches of Tianqi toothpaste were reported with total bacterial counts of 19,000 CFU/g and 640,000 CFU/g, while the allowable limit is 500 CFU/g [3]. - The specific products involved are "Tianqi Anti-Bleeding Toothpaste (120g)" and "Tianqi Anti-Heat Toothpaste (Refreshing Wild Chrysanthemum Flavor) (165g)" [3]. Group 2: Company Response and Market Presence - As of April 28, the official flagship store of Tianqi did not list the involved products for sale [6]. - The company stated that they would relay the inquiry to a specialist, while the board secretary office of Zhongheng Group acknowledged awareness of the issue but required an email for further communication [7]. Group 3: Company Financial Performance - Zhongheng Group, the parent company of Tianqi, reported a revenue decline of 26.67% to 2.271 billion yuan and a net loss of 377 million yuan for 2024, marking a significant downturn from profitability [10]. - Tianqi Family Chemical Industry Co., Ltd. specifically recorded a net loss of 38.72 million yuan in 2024 [10]. Group 4: Ownership Structure - Zhongheng Group holds a 55.44% stake in Tianqi Family Chemical Industry, with the second-largest shareholder being Guangxi Guishun Investment Management Co., Ltd., holding 44.56% [7]. - Guangxi Investment Group Co., Ltd. also has a 25.62% stake in Zhongheng Group, indicating a strong connection to state-owned enterprises [8].