TRT(SH:600085) Ge Long Hui·2025-10-02 08:11Core Insights - Tong Ren Tang Group's subsidiary, Tong Ren Tang Medical and Health, is undergoing a listing hearing on the Hong Kong Stock Exchange, with CICC as the sponsor [1] - In the first five months of this year, Tong Ren Tang Medical and Health reported revenue of 477 million yuan, a year-on-year increase of 6.1%, and a net profit of 10.04 million yuan, up 146% year-on-year [1] - If successfully listed, Tong Ren Tang Medical and Health will become the fourth publicly listed company under Tong Ren Tang Group, joining Tong Ren Tang Co., Ltd., Tong Ren Tang Technology, and Tong Ren Tang Guoyao [1] Company Overview - Tong Ren Tang Medical and Health focuses on traditional Chinese medical services, operating 12 owned medical institutions and one internet hospital, while also managing 10 offline medical institutions [1] - Other subsidiaries of Tong Ren Tang Group primarily engage in the production and sale of traditional Chinese health products, providing limited medical services such as in-store consultations by traditional Chinese medicine practitioners [1] - Tong Ren Tang Medical and Health distinguishes itself from other group members in terms of scale, positioning, service scope, and target customers, thus not considering itself a significant competitor to the group's overall business [1] Shareholding Structure - Tong Ren Tang Group holds approximately 84% of the shares in Tong Ren Tang Medical and Health, with the remaining shares owned by investors such as Bozhou Yipin De, Jining Yinling, and Bingrong Investment [1]