What I value is not whether Longfeng Pharmacy is a listed company, nor do I care about their profits, but I value their successful operating experience and their ability to train store managers and employees. This experience is something we do not have.
The mainland's pharmaceutical retail market is currently completely blank. If others aren't trying to capture such a large market, then of course we have to. We also have another advantage: Nanguateng Pharmaceutical's drugs will only be supplied to our own pharmacies.
You see, we are currently producing drugs for hypertension, diabetes, hyperlipidemia, as well as some antibiotics, cold medicines, gastrointestinal medicines, etc. The patents are all in our hands, and we basically have a monopoly on these drugs.
"By then, only Longfeng Pharmacy will have these medicines. No other pharmacies will sell them. Do you think our pharmacy will be unique? Will it be highly competitive? With a monopoly business, will the profits be bad?"
When the car passed a street corner, Chen Xia pointed at the Watsons on the roadside and said:
"Look, my dear, we can completely imitate Watsons' model and set up a new 'drug and cosmetics department'. Half of the store will sell medicine, and the other half will sell health products, beauty products, perfumes, cosmetics, daily food and beverages, etc.
Look at this Watsons, it’s doing very well and has a huge customer flow. They have stores all over Hong Kong, so why don’t we follow their example and diversify our operations? After all, the entry threshold for this retail industry is so low, so can’t we make more money?
I just said that the mainland pharmacy market is completely blank right now. Don't look at our current poverty, but it won't take many years for us to develop. If you go to the mainland now, won't the capital, Shanghai, Guangzhou, or Shenzhen look completely different?
Watsons has 3,608 stores in Greater China alone, with sales reaching approximately RMB 144.079 billion.
Make money!
If the three prodigal sons of the Xu family had not been tempted by the 50% price increase, how could this acquisition have been easily implemented?
Money can move people's hearts, but if they don't, it means they don't have enough chips.
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