Phase I: Establishment and Development (1998-2004)
Yuyue Medical, the predecessor of Jiangsu Yuyue Medical Equipment Co., Ltd. was established in 1998, from its establishment until it became a professional manufacturer of rehabilitation nursing series and medical oxygen supply series medical equipment, and gradually formed a competitive enterprise with research and development as its core competitiveness. The company has gradually formed the competitive advantage of research and development as its core competitiveness.
The second stage: independent research and development, create brand (2004-2007)
Yuyue Medical takes independent innovation as the theme, increases the investment in technology research and development, and strives to improve the capability of independent innovation, and at the same time, establishes close cooperation with the relevant universities and research institutes in the field of production, learning and research. Yiyue Medical is a high-tech enterprise in Jiangsu Province, and its R&D center has been awarded as Jiangsu Medical Diagnostic and Nursing Equipment Engineering and Technology Research Center. "Yuyue Sphygmomanometer and Yuyue Wheelchair Trolley have been awarded as "China Famous Brand" by the General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China, which is the first one to be awarded "China Famous Brand" in the medical equipment industry. "In August 2007, the trademark "Yuyue" was honored as "China Famous Brand" by the State Administration for Industry and Commerce. In August 2007, the trademark "FISHYUE" was honored as "China Well-known Trademark" by the State Administration for Industry and Commerce.
Yuyue Medical's brand building has laid a good foundation for the sales of its products, and many of its products have the first domestic market share. The company has become an industry leader in the segment of rehabilitation care and medical oxygen supply medical equipment.
The third stage: technological innovation, capital operation (2007-present)
In April 2008, Yuyue Medical shares were listed on the Shenzhen Stock Exchange (stock code: 002223), marking the development of Yuyue Medical to a new level. With the expansion of capital, the company has increased the technical innovation of existing products and the development of new products. With the development of business, Yuyue Medical will not only expand its scale through its own accumulation, but also accelerate the pace of development through mergers and acquisitions. Yuyue Medical will take the listing as an opportunity to realize the company's sustained, rapid and smooth development and continuously enhance the value of the company.
March 3, 2014, its controlling shareholder fish leap science and technology was informed that Beijing Pharmaceutical Group intends to transfer 111.5 million shares of China Resources Vantone by agreement through public solicitation of transferees, at the same time, China Resources Pharmaceutical Investment Company Limited, a subsidiary of the China Resources Corporation, intends to transfer 100% of the equity of Shanghai Medical Devices (Group) through the Shanghai Joint Property Rights Exchange by public listing. Therefore, Yuyue Technology intends to act as the intended transferee of both 111.5 million shares of CR Vantone (accounting for 51.51% of the total share capital of CR Vantone) and 100% equity interest in Shanghai Medical Devices (Group).
If FISH succeeds in the acquisition, it will hold CR Vantone and Shanghai Medical Equipment Group. And because CR Vantone, Shangmei Group and Yuyue Medical have certain complementary and correlation in their business, according to Yuyue Technology's notice, if it completes the aforementioned acquisition, it may reorganize the business of the three companies, and make adjustments to the possibly competing businesses. This also means that China Resources Corporation, the actual controller of China Resources Vandong, will strategically withdraw from the medical device business.