YUYANTANG TCM HKEX IPO Application Lapsed, Ranks Nationwide No.1 in Revenue of Custom-made TCM Plasters

NewTimeSpace · 2026/07/16 10:05 · By Yiming Yan

NewTimeSpace News: The HKEX listing application of Harbin Yuyantang Traditional Chinese Medicine Outpatient Group Co., Ltd., filed on 16 January 2026, has lapsed upon expiry of the six-month validity period. CMB International and Guoyuan International acted as the original joint sponsors. According to Frost & Sullivan, measured by total revenue of TCM outpatient clinics in 2024, the Company ranked 5th among all private chain TCM service providers nationwide and 2nd in Northern China. It secured the first position in revenue of custom-made TCM plasters and ranked second in overall custom-made TCM preparations revenue.

NewTimeSpace News: The listing application submitted by Harbin Yuyantang Traditional Chinese Medicine Outpatient Group Co., Ltd. to HKEX on 16 January 2026 has lapsed following the expiration of the six-month timeline. CMB International and Guoyuan International served as the original joint sponsors.

The Company is a leading private TCM healthcare service provider in China with solid and established presence across Northern China. It adopts a full-life-cycle diagnosis and treatment model integrating medical consultation and prescribed herbal medicines into continuous treatment programmes. Its operation centres on the framework ofoffline initial consultation + online follow-up consultation. All initial consultations are conducted at self-owned, licensed offline medical institutions, while its proprietary online platform supports follow-up visits and chronic disease management to deliver consistent and convenient patient experience. The customer repeat purchase rate reached 81.1% for the nine months ended 30 September 2025.

Per Frost & Sullivan statistics, based on total revenue of TCM outpatient clinics in 2024, the Company ranked fifth among private chain TCM service providers nationwide and second in Northern China. It achieved the top ranking in revenue of custom-made TCM plasters and stood second in revenue of all custom-made TCM preparations.

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YUYANTANG TCM IPO IPO application lapsed